Hi everyone. I’m Stephanie LI. Coming up on today’s program - China achieves 5.2% GDP growth in 2023, successfully meeting yearly target; - Premier Li Qiang urges global cooperation and vows continued opening-up at WEF. Here’s what you need to know about China in the past 24 hours China's gross domestic product expanded by 5.2 percent in 2023 - meeting the country's preset annual growth target of around 5 percent, fueled by a slew of policy measures taking effect gradually last year, official data showed on Wednesday. The country's annual GDP came in at 126.06 trillion yuan ($17.52 trillion) in 2023, according to the National Bureau of Statistics. For the fourth quarter of 2023, the Chinese economy grew 5.2 percent year-on-year, following a 4.9 percent growth in the third quarter.  Experts called China's 2023 GDP growth as "relatively fast" in contrast to other major economies, highlighting China's role as a key growth engine for the world economy. Looking ahead, they expect to see better economic performance with China's existing supportive policies continuing to take effect and more stimulus in the offing. In the breakdown,China's value-added industrial output grew by 4.6 percent year-on-year in 2023. In particular, that of the equipment manufacturing industry grew by 6.8 percent. Retail sales, a key measurement of consumer spending, grew by 7.2 percent for the year. Spending in the services sector experienced rapid growth, with a year-on-year increase of 20 percent. The annual per capita disposable income of residents nationwide reached 39,218 yuan, marking a nominal growth of 6.3 percent compared to the previous year. The annual national fixed-asset investment (excluding rural households) reached 50.3 trillion yuan, showing a growth of 3 percent compared to the previous year.  Notably, investment in the manufacturing sector increased by 6.5 percent, with the high-tech industry investment emerged as a highlight, growing by 10.3 percent.  However, the real estate sector saw its investment decline by 9.6 percent to 11.09 trillion yuan, with investment in residential housing projects hitting 8.38 trillion yuan. The national sales area of commercialhousing stood at 1.12 billion square meters, reflecting a decrease of 8.5 percent, while total sales value reached 11.66 trillion yuan, down by 6.5 percent. NBS data released on Wednesday also showed that home prices in 70 major Chinese cities continued to fall in December.In the four first-tier cities, prices of new homes edged down 0.4 percent last month, while that of resold homes dropped 1.1 percent.Prices of both new and preowned homes in 31 second-tier and 35 third-tier cities in general also went down in December from a month earlier, the data showed. • Chinese Premier Li Qiang on Tuesday called for global cooperation in various areas to rebuild global trust, warning that lack of trust and fragmentation will risk global economic growth and peaceful development. In a special address at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Li offered a five-point plan, including macroeconomic policy coordination, international industrial specialization and cooperation, cooperation in innovation, cooperation in green development, and north-south and south-south cooperation. Noting that China's economy is making a steady recovery, Li vowed to continue to open up China's markets for global businesses, no matter how the global situation changes. He called on enterprises from around the world to continue to invest in China, and said "choosing the Chinese market is not a risk, but an opportunity". Greater Bay Area, Greater future • Guangdong province’s foreign trade value inched up 0.3 percent, totaling 8.3 trillion yuan last year to a new record high, according to the latest official data. Exports rose 2.5 percent to 5.4 trillion yuan while imports fell 3.6 percent to 2.9 trillion yuan. Foreign trade firms in Gua