Economic Growth - China's GDP grew by 5.3% year-on-year in the first half of 2025, exceeding the government's annual growth target despite trade tensions with the U.S. [1] - In the second quarter, China's GDP growth was reported at 5.2%, which is expected to help achieve the annual growth target [2][4]. Key Drivers of Growth - Manufacturing and major projects, such as high-speed rail, have significantly supported China's economic growth [1]. - Strong export performance has been identified as a key factor for China's economic growth, with better-than-expected trade data contributing positively [2][4]. Industrial Performance - Industrial production in China showed rapid growth, with a year-on-year increase of 6.8% in June, surpassing expectations [4]. - The resilience of the Chinese economy has provided policy space for further fiscal stimulus, supporting domestic demand and the construction industry [4]. Consumer Market - The Chinese government is actively stimulating consumption through subsidies for residents on purchases of electric vehicles, air conditioners, and other industrial goods, which have received an unexpectedly positive response [6].
全球媒体聚焦丨“顶住了压力”“超过了预期”多家外媒报道中国上半年经济数据
Sou Hu Cai Jing·2025-07-15 09:53