BEIJING, Jan. 17 (Xinhua) -- China's pro-growth incremental policies have played a decisive role in driving economic rebound in the fourth quarter and meeting the annual target of 2024, chief of the country's statistical bureau said Friday.

Positive changes have occurred since the policy package was introduced last September, said Kang Yi, head of the National Bureau of Statistics (NBS), highlighting key indicators in production, demand, prices and income.

China's gross domestic product grew 5 percent year on year in 2024, meeting the government's full-year target, NBS data showed Friday. In the fourth quarter, the economy expanded 5.4 percent year on year, quickening from a rise of 4.6 percent in the previous quarter.

The government rolled out a series of incremental measures in late September last year to bolster the economy, which focused on enhancing macroeconomic counter-cyclical adjustments, expanding effective domestic demand, increasing support for enterprises, stabilizing the real estate market, and boosting the capital market.

Driven by policy support, China's retail sales of consumer goods, a major indicator of the country's consumption strength, grew by 3.8 percent in the fourth quarter, up from 2.7 percent in the third quarter, Kang noted.

Industrial production also witnessed a remarkable rebound over stronger market demand, according to him. In the October-December period, China's value-added industrial output went up 5.7 percent year on year, 0.7 percentage points faster than the third quarter.

For the next stage, China will implement more proactive and impactful macro policies, ensure a smooth policy transition into the new year, and provide stronger support for stable economic operation and sustained recovery, Kang said. Enditem

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