毕马威：2025年第一季度中国经济观察报告（英文版）

China's real GDP growth rate reached 5% in 2024, which is below the 5.2% in 2023 but meets Beiing's "around 5.0%" growth targetGDP grew 5.4% in Q4 2024, 0.8 percentage points higher than that of Q3 2024, beating the market's expectations and making a decisivecontribution to the successful achievement of annual growth target.The policy stimul introduced last September led to a rebound of consumptionand investment in Q4. Meanwhile, China's exports stayed strong due to