The Chinese gross domestic product is expected to pass the mark of US$18 trillion in 2024.

Reviewing China’s footprint in 2024, Xi said the economy has rebounded and is on an upward trajectory, with the national GDP expected to pass the mark of US$18 trillion and the country’s grain output surpassing 700 million tonnes.

He also noted that China has fostered new quality productive forces, and new business sectors, forms and models have kept emerging. For the first time, China has produced more than 10 million new energy vehicles in a year, and breakthroughs have been made in fields including integrated circuit, artificial intelligence and quantum communications.