China's economy is projected to achieve a five-year economic increment exceeding 35 trillion yuan (approximately $4.89 trillion) during the 14th Five-Year Plan period from 2021 to 2025, according to Zheng Shanjie, head of the National Development and Reform Commission (NDRC). This growth surpasses the combined economic output of China's three largest provinces—Guangdong, Jiangsu, and Shandong—as well as the Yangtze River Delta region, and exceeds the GDP of the world's third-largest economy. The country's gross domestic product (GDP) is expected to reach around 140 trillion yuan ($19.5 trillion) in 2025. From 2021 to 2024, China maintained an average GDP growth rate of 5.5%. Data from the National Bureau of Statistics (NBS) showed that China's GDP grew 5.3% year-on-year to 66.05 trillion yuan ($9.21 trillion) in the first half of 2025. Despite global challenges including the pandemic and trade tensions, China's economy demonstrated resilience and steady improvement, with retail sales of consumer goods rising 5% and industrial enterprise output increasing by 6.4% during the same period. Officials expect the economy to maintain steady growth in the second half of 2025.