CCTV:

Since the beginning of the 14th Five-Year Plan, China's total economic output has made great strides, successively surpassing the 110 trillion, 120 trillion, 130 trillion and 140 trillion yuan thresholds. How do you view this development trend? Thank you.

Kang Yi:

Thank you for your question. During the 14th Five-Year Plan period, China's economy faced multiple unexpected shocks and effectively responded to a series of major risks and challenges. It overcame numerous obstacles and grew stronger, with total economic output reaching new heights. In 2025, it reached 140 trillion yuan, a remarkable achievement. This fully demonstrates China's steady economic progress, resilience under pressure, and vitality in pursuing innovation and excellence. What does this signify? Several key points can be highlighted:

First, it signifies that China's economy has a more solid foundation and greater resilience to risk. During the 14th Five-Year Plan period, China's total economic output successively surpassed the 110 trillion yuan, 120 trillion yuan, 130 trillion yuan and 140 trillion yuan thresholds. Such a large economic scale corresponds to substantial productivity. China's grain output has remained above 1.4 trillion jin (700 million tonnes) for two consecutive years. The value added of the manufacturing industry has ranked first in the world for 16 consecutive years. The share of the service sector's value added in GDP has increased to 57.7%. Furthermore, China's network infrastructure is the largest and most extensive in the world. All these constitute a solid foundation and strong support for resisting risks and achieving steady, long-term development.

Second, it signifies greater substance and steadier momentum in China's high-quality development. The successive expansion of China's economic aggregate is underpinned by the strong support of high-quality development. An economy of 140 trillion yuan is the fruitful result of putting the new development philosophy into practice. Over the past five years, new quality productive forces steadily grew, China's innovation index ranking entered the top 10 worldwide for the first time, and the value added of high-tech manufacturing above the designated size grew at an average annual rate of 9.2%. Digital technologies such as AI and 5G flourished, empowering countless industries. The transition to cleaner, low-carbon energy accelerated, and the market competitiveness of new energy products continued to increase. People's livelihoods were effectively guaranteed, with residents' income growth keeping pace with economic growth. These achievements have not only demonstrated the correctness and effectiveness of China's high-quality development path but also accumulated strong momentum for future development.

Third, it also signifies that China has provided stable support for the world economy while creating broader opportunities for cooperation. Throughout the 14th Five-Year Plan period, China's average annual contribution to global economic growth reached about 30%. Its complete industrial system served as a ballast for the global supply chain, providing valuable stability amid a turbulent, changing world economy. More importantly, China continues to represent a major source of opportunity for global development. In 2025, China's goods imports reached a new high of 18.5 trillion yuan, providing a vast market space for all countries. The negative list for foreign investment access continues to shrink, the "circle of friends" for visa-free travel continues to expand, and entry policies are being further optimized, greatly facilitating personnel exchanges and economic and trade cooperation. China has taken concrete actions to expand cooperation opportunities for countries worldwide.

Thank you.