China's gross domestic product in 2024 was revised slightly lower after final verification, while the growth rate remained unchanged, the National Bureau of Statistics said on Friday.
GDP at current prices totaled 134.81 trillion yuan, down 101.8 billion yuan from the preliminary estimate. In real terms, the economy grew 5.0% year on year, the same as initially reported.
The downward revision mainly came from the secondary sector, whose value added was cut by 178.2 billion yuan, while the primary and tertiary sectors were revised up. The financial industry saw the largest single adjustment, with value added revised down by 158.8 billion yuan.
Despite the technical revision, the outlook remains steady. International institutions including the International Monetary Fund and Goldman Sachs have recently raised their growth forecasts for China, while officials expect GDP growth this year to remain around 5%.
