China’s economy reached its annual growth target of 5.0% in 2025.
According to official data, China’s Gross Domestic Product (GDP) reached its annual target of 5% growth in 2025.
Data released by the National Bureau of Statistics of China shows that GDP reached 140.19 trillion yuan (20.12 trillion dollars) in 2025.
Key economic indicators pointed to stable and positive growth
China’s industrial production recorded robust growth, and the value added of major industrial enterprises increased by 5.9% year-on-year. Sector-wise, equipment and high-tech manufacturing showed particularly strong performance, with value added increasing by 9.2% and 9.4%, respectively.
Consumer spending also showed resilience. Total retail sales of consumer goods increased by 3.7% year-on-year, exceeding 50 trillion yuan ($7.2 trillion). Online retail sales, in particular, increased by 8.6%.
The services sector also contributed to growth, with value added expanding by 5.4%.
Despite a 3.8% decrease in overall fixed asset investment, investment in the manufacturing sector showed a slight increase of 0.6%. Despite the challenging global environment, foreign trade recorded stable growth. Total goods imports and exports increased by 3.8% year-on-year, while trade with Belt and Road partner countries grew by 6.3%, accounting for more than half of the country’s total trade volume.
The data reflected steady improvements in household incomes, showing that per capita disposable income nationwide increased by 5.0% year-on-year.
China will implement more proactive and effective macroeconomic policies to expand domestic demand and develop new skilled production forces
In a press conference, the head of China’s National Bureau of Statistics, Kang Yi, said that despite the turbulent changes in the domestic and international economic environment last year, the Chinese economy continued to progress under pressure while moving towards new driving forces and higher quality, and successfully achieved the country’s key economic and social development goals for the year. Kang stated that in the coming period, China will implement more proactive and effective macroeconomic policies to expand domestic demand, develop new skilled production forces, and advance the development of a unified national market in order to achieve sustainable economic growth.
Source: CGTN
About the Author
