China's economy maintained steady growth in the third quarter of 2025, with GDP expanding 5.2% year-on-year to reach 101.5 trillion yuan ($14.2 trillion), according to data from the National Bureau of Statistics. The performance slightly exceeds the government's annual target, signaling resilience amid global economic uncertainties.
A closer examination reveals distinct growth patterns across ownership structures:
Private enterprises: +6.1% growth
Shareholding enterprises: +6.7% growth
State-owned holding enterprises: +4.6% growth
This divergence underscores the private sector's role as a primary growth driver, outperforming both the national average and state-backed counterparts. CGTN economic commentator Lin G. notes the figures reflect a 'hybrid momentum' model, where market-oriented enterprises complement state-led initiatives to maintain economic stability.
While state-owned enterprises showed more modest gains, analysts suggest their steady performance supports critical infrastructure and strategic industries. The balanced growth profile comes as China navigates domestic reforms and evolving global trade dynamics, offering insights for investors monitoring Asia's largest economy.
