China’s New Growth Drivers See Rapid Expansion

A report from Xinhua July. 31th, 2025:

 China’s new growth drivers continued to expand steadily in 2024, contributing a greater share to the country’s gross domestic product (GDP), official data showed Thursday.

The value-added output of these emerging sectors, comprising new industries, new business formats, and new business models, increased by 6.7 percent year-on-year last year, the National Bureau of Statistics said.

Their share of GDP rose to 18.01 percent in 2024, marking a 0.43 percentage point increase from the previous year.

Meanwhile, recent data showed that the country's high-tech sectors sustained rapid expansion in the first half of 2025, with value-added industrial output in high-tech manufacturing rising by 9.5 percent. This growth rate was 3.1 percentage points higher than that of the overall industrial output during the same period.