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.

China’s 2023 gross domestic product (GDP) has been revised to 129.4 trillion yuan (US$18 trillion), representing an increase of 3,4 trillion yuan from the preliminary calculation, according to the revision results, Xinhua News Agency reported on Thursday.

The National Bureau of Statistics (NBS) stated on Friday that revising GDP data is a common international practice and has always been a routine part of China's government statistics work. And the revised-up GDP figure for 2023 will not have a significant impact on the GDP growth rate for 2024.

China revised upwards its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), a top statistics official said on Thursday, while releasing the fifth national economic census.

HONG KONG -- Economists expect China's annual gross domestic product growth to slow to 4.4% in 2025, as threats of tariffs by the U.S. President-elect Donald Trump and property turmoil weigh on domestic consumption.

China has revised its 2023 GDP up by 2.7% to 129.4 trillion yuan. Policy support aims to meet a growth target of 5%, but U.S. tariff concerns persist. The economic census highlights shifts in the job market,