China hits 5% GDP growth in 2025
Recently, China’s National Bureau of Statistics released 2025 data showing a solid 5% year-on-year GDP expansion. This not only met the official target but also sets the pace for accelerated growth in 2026. Here’s the lowdown:
1. Diverse industrial boost 💼
Factories ramped up production of high-impact goods, posting a near 6% increase YoY. Equipment and high-tech manufacturing both surged over 9%, highlighting China’s multi-pronged growth.
2. Household spending shines 🛒
Final consumption—the spending by you and me—accounted for 52% of GDP, up 5 percentage points from 2024. Even amid global economic challenges, Chinese consumers helped keep the engine running.
3. E-commerce & services on the rise 📱
Retail sales of consumer goods hit 50.12 trillion yuan (~$7.15 T), up 3.6%. Online shopping sprees and a booming service sector proved that pragmatic policies can drive real-world impact.
4. Trade confidence intact 🌏
Foreign trade climbed 3.8% YoY, showing resilience despite global headwinds. Initiatives like the Belt and Road continue to diversify partnerships and deepen market ties.
What’s next?
Interest from overseas investors and strong partner confidence suggest China’s high-quality growth journey remains on track. As 2026 kicks off, all eyes are on whether these trends can sustain momentum in a rapidly changing world.
Stay tuned for more updates on how these developments ripple across Asia and beyond! 🌟
Reference(s):
cgtn.com
