China's Economy Set to Surpass $19.5 Trillion in 2025, Says State Planner

China's economy is expected to surpass 140 trillion yuan ($19.5 trillion) in 2025, according to the National Development and Reform Commission. Despite challenges like the U.S. trade war and deflation, the 14th five-year plan (2021–2025) exceeded expectations, achieving an average annual growth of 5.4%. The plan emphasized economic growth, innovation, green development, and public welfare. China has strengthened its manufacturing and supply chains, boosting resilience. Foreign tech restrictions, officials say, are driving greater self-reliance. While the 15th five-year plan is still in development, experts urge a stronger focus on household consumption to support sustainable growth amid global uncertainties.