China revises 2024 GDP data

BEIJING -- China's 2024 gross domestic product (GDP) was revised to 134.8066 trillion yuan ($19.16 trillion), down 101.8 billion yuan from the preliminary figure, the National Bureau of Statistics said on Friday.

The final verified GDP growth rate for 2024 remained at 5 percent, unchanged from the preliminary calculation, according to the NBS.

China's annual GDP goes through two stages of accounting: preliminary calculation and final verification. The final verification is conducted based on the annual statistical data, final fiscal accounts, and departmental administrative records.