China's Economy Rebounds Strongly, Outpacing Global Growth and Boosting Consumption

• China's economy rebounded strongly over Spring Festival, with consumption figures surpassing pre-pandemic levels in 2019. Domestic tourism saw record numbers of travelers and spending.

• Over 90% of respondents in a global survey praise China's economic resilience and potential to boost global confidence.

• China's 2023 GDP grew 5.2% year-on-year, ranking high globally, while optimizing its economic structure towards high-quality development.

• China contributed 32% of global growth in 2023, far exceeding other major economies, and is projected to lead emerging economies in coming years.

• Nearly 80% of global survey respondents endorse China's significant contribution to global growth and its continued commitment to further opening up its markets.