China revises up 2023 GDP

BEIJING, Dec 26 (Reuters): China revised upwards on Thursday the size of its economy by 2.7 per cent, 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 per cent" 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 presss conference.