China’s economy demonstrated robust resilience in 2025, achieving a historic GDP milestone of 140 trillion yuan ($20 trillion) despite global headwinds, according to Liu Jieyi, spokesperson for the Chinese People’s Political Consultative Conference (CPPCC). The announcement came ahead of the CPPCC’s annual session, highlighting the nation’s sustained growth as one of the fastest among major economies.
Innovation and Domestic Demand Drive Growth
Liu emphasized the rapid rise of "new quality productive forces," driven by breakthroughs in technology-industry integration. This innovation surge has positioned China as a global leader in advanced manufacturing and digital transformation.
Spring Festival Spending Signals Market Confidence
Domestic tourism revenue during the recent nine-day Spring Festival holiday soared to 803.4 billion yuan, a 126.4 billion yuan year-on-year increase. The ongoing Spring Festival travel rush, set to conclude on March 13, is projected to reach 9.5 billion cross-regional passenger trips—a testament to revitalized consumer activity.
Long-Term Stability Assured
Despite persistent challenges, Liu affirmed China’s "stable fundamentals and vast potential," stressing that strategic policy measures will continue to reinforce long-term economic momentum. "By leveraging our strengths and addressing challenges effectively, we can sustain stable growth," he stated.
