On January 21, the State Council Information Office held a press conference on the "Achievements of China's High-Quality Economic Development" to announce the results of the country's industrial economy's high-quality development for 2024.

Industrial value-added increased by 5.8%, up 1.2 percentage points from 2023. The number of large industrial enterprises reached 512,000, a 6.1% rise from the end of 2023. Total industrial value was 40.5 trillion yuan, with China’s manufacturing sector remaining the world’s largest for 15 years.