China's economy has opened 2025 with robust growth across key sectors, supported by stable employment trends and expanding technological innovation, official data shows. Industrial output rose 5.9% year-over-year in January-February, while retail sales increased 4%, signaling resilient domestic consumption amid global economic uncertainties.
Growth Across Key Sectors
Fixed-asset investment surged to 5.26 trillion yuan ($734 billion), up 4.1% year-over-year, with manufacturing investment jumping 9%. Infrastructure spending grew 5.6%, while the services sector expanded at its fastest pace since 2024. These gains reflect synergies between fiscal stimulus and industrial modernization efforts.
Laying Foundations for Annual Target
National Bureau of Statistics spokesperson Fu Linghui expressed confidence in achieving China's 5% annual growth target, citing breakthroughs in artificial intelligence and “new quality productive forces.” With per capita GDP surpassing $13,000 and a population of 1.4 billion, the country's massive consumer base continues to drive demand for green tech, digital services, and eldercare solutions.
Policy Momentum and Reforms
Fu highlighted the impact of over 300 reform measures introduced during the Communist Party of China's 20th Central Committee session, which aim to deepen market vitality. As China enters the final year of its 14th Five-Year Plan, policymakers are prioritizing macroeconomic stability through coordinated fiscal and monetary strategies.
