The Chinese economy has kicked off 2025 with a robust burst of energy, setting the stage for a year filled with promise. Official data from the National Bureau of Statistics reveals that the first two months have seen solid improvements across key indicators, fueling confidence in a full-year growth target of around 5%.
During January and February, value-added industrial output jumped 5.9% year over year, while industrial production in February grew by 0.51% from January. Fixed-asset investments reached an impressive 5.2619 trillion yuan – a 4.1% year-over-year increase that outpaced last year’s growth. Meanwhile, investments in both infrastructure and manufacturing surged by 5.6% and 9%, respectively. 🚀
The services sector also made a notable stride, with its official production index increasing 5.6% year over year, and retail sales of consumer goods climbing 4% to exceed 8.37 trillion yuan. Despite these dynamic shifts, the overall employment landscape has remained steady, with the urban unemployment rate holding at 5.3%.
NBS spokesperson Fu Linghui highlighted that this upbeat momentum is the result of synergistic effects from a proactive fiscal policy and a moderately loose monetary approach. Innovations, particularly breakthroughs in artificial intelligence, are not only amplifying industrial upgrades but also opening up new horizons in green and digital consumption, elderly care, and childcare services.
Looking forward, the solid industrial foundations and continued reforms are paving the way for a dynamic economic journey in 2025. With market confidence on the rise and comprehensive reform and opening-up measures underway, the Chinese economy is all set to be a global growth engine this year. 💡
Reference(s):
Chinese economy off to robust start in 2025 as growth gains momentum
cgtn.com
