Hey everyone! In a refreshing display of economic strength, China kicked off 2025 with impressive Q1 results. Despite domestic challenges and U.S. tariff shocks, the data shows a robust performance, highlighting the country’s resilient growth engine 🚀.
For the first quarter, China recorded a GDP of 31.8758 trillion yuan (about $4.337 trillion) with a 5.4% year-on-year growth—surpassing the roughly 5% growth of 2024 and even outpacing Q1 2024's 5.3%. This accomplishment secures China's position among the world's top-performing economies.
Key indicators also painted a promising picture: value-added industrial output jumped 6.3% (a 0.6 percentage point improvement), while service output grew by 5.3% (up 0.3 percentage points). Fixed-asset investment increased by 4.2%, and total retail sales of consumer goods rose by 4.6%, marking a 1.1 percentage point boost. Each of these solid numbers underlines a steady upward trend, setting a solid foundation for reaching an annual GDP growth target of around 5%.
In short, even with global uncertainties and U.S. tariff shocks in play, China's economic engine remains strong and focused. Stay tuned for more updates on global and Asian trends that continue to shape our dynamic world 🌏!
Reference(s):
Q1 economic data released: China shields economy from tariff shocks
cgtn.com
