China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.
Policy support late this year has set the world's second-largest economy on track for a growth target of "around 5%" as activity warmed slightly, but challenges such as potential US tariff hikes still weigh on prospects for next year.
Gross domestic product (GDP) in 2023 was raised by 3.4 trillion yuan to 129.4 trillion ($17.73 trillion), Kang Yi, the head of the National Bureau of Statistics, told a press conference, while releasing the fifth national economic census.
He did not explain the reasons for the 2023 revision, but said the bureau would provide further details on its website within days.
China's economy has "withstood the test of multiple internal and external risks over the past five years, and maintained a generally stable trend while progressing," Kang said.
In previous five-yearly economic censuses, China revised up the size of the economy for 2018 by 2.1% and for 2013 by 3.4%.
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