China economy to exceed $19.5 trillion this year, says state planner
China's state planner anticipates the economy surpassing 140 trillion yuan ($19.5 trillion) this year. Zheng Shanjie, chair of the National Development and Reform Commission, conveyed this expectation during a press conference concerning the current five-year policy plan, set to conclude in 2025. He also asserted that foreign technology restrictions would bolster China's self-reliance and innovation capabilities.
AP A Chinese national flag flutters against the residential building in Beijing, Monday, June 16, 2025. The head of China's state planner said he expects the size of the economy to exceed 140 trillion yuan ($19.5 trillion) this year, speaking in a press conference on the country's current five-year policy plan, which concludes at the end of 2025.
Zheng Shanjie, chair of the National Development and Reform Commission, said foreign technology curbs would only strengthen China's self-reliance and its ability to be innovative.
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