The Chinese economy launched 2025 with robust momentum, driven by sound industrial performances and impactful macro policies, as revealed by official data from the National Bureau of Statistics.
During January and February, key indicators such as value-added industrial output surged by 5.9% year-over-year, while industrial output continued its steady climb with a 0.51% increase from January to February. Fixed-asset investments reached over 5.26 trillion yuan, marking a 4.1% rise compared to the same period last year, with both infrastructure and manufacturing projects showing significant gains.
The services sector also registered accelerated growth, with production indexes rising and retail sales climbing 4% year-over-year to exceed 8.37 trillion yuan. The overall employment landscape remained stable, with urban unemployment steady at 5.3%, suggesting a balanced economic recovery.
NBS spokesperson Fu Linghui attributed this upbeat performance to the synergistic effects of a proactive fiscal policy and a moderately loose monetary policy. Breakthroughs in artificial intelligence and enhanced integration of advanced manufacturing and production services are also fueling industrial upgrading to meet both domestic and global demand.
Looking ahead, with a population surpassing 1.4 billion and a rising per capita GDP, the domestic market is poised to drive innovative consumption in emerging sectors such as green and digital industries, as well as in services like elderly care and childcare. As 2025 marks the final year of the 14th Five-Year Plan, the Chinese economy appears well-positioned to achieve its full-year growth target of around 5%.
Reference(s):
Chinese economy off to robust start in 2025 as growth gains momentum
cgtn.com
