China’s economic trajectory for 2025 has drawn global attention as Finance Minister Lan Fo’an outlined first-half achievements and second-half priorities at a Friday press conference. The remarks followed the State Council’s submission of its mid-year economic and social development report to the National People’s Congress Standing Committee – a routine yet critical step in China’s governance process.
H1 Highlights: Stability Through Innovation
Minister Lan highlighted progress in advanced manufacturing and green energy sectors, which grew 8.3% and 12.1% respectively year-on-year. Consumer spending rebounded strongly, with retail sales up 6.8% in Q2. “Our targeted fiscal policies have created synergy between technological upgrading and domestic demand expansion,” Lan stated, referencing tax incentives for R&D-intensive industries.
H2 Priorities: Quality Over Quantity
Key focus areas for the remainder of 2025 include:
Accelerating breakthroughs in semiconductor and AI infrastructure
Expanding rural revitalization programs to boost agricultural productivity
Implementing phased carbon reduction roadmaps for heavy industries
Analysts note the emphasis aligns with China’s long-term goals of technological self-reliance and sustainable development. The NPC Standing Committee will review detailed implementation plans next month.
