China's State Council Information Office unveiled key economic indicators for May 2025 on Monday, revealing a mixed picture of resilience and cautious optimism in the world's second-largest economy. The briefing highlighted industrial output growth of 5.8% year-on-year, while retail sales rose 4.2%, reflecting gradual recovery in domestic consumption.
Key Economic Drivers
Advanced manufacturing sectors showed particular strength, with electric vehicle production increasing 22% month-over-month. Renewable energy investments reached $18.7 billion, aligning with China's carbon neutrality commitments. However, property market transactions declined 3.1%, indicating ongoing sector adjustments.
Global Implications
Analysts note China's stable performance could bolster regional trade, particularly benefiting ASEAN partners through strengthened supply chain cooperation. The yuan remained stable against major currencies, with foreign exchange reserves holding at $3.2 trillion.
Policy Outlook
Officials emphasized "targeted support for innovation-driven industries" while maintaining prudent monetary policy. The briefing concluded with reaffirmed confidence in achieving the annual GDP growth target of around 5%, citing improved export orders and technological breakthroughs in semiconductor manufacturing.
