China's economy demonstrated resilience in April 2025, with key indicators pointing to stable growth despite ongoing global uncertainties, according to a State Council Information Office (SCIO) briefing on Monday. Fu Linghui, spokesperson for the National Bureau of Statistics, highlighted progress in industrial output, consumer spending, and technological innovation during the press conference.
Industrial production rose by 5.8% year-on-year, driven by advanced manufacturing sectors such as electric vehicles and renewable energy equipment. Retail sales grew 6.2%, reflecting improved consumer confidence following targeted stimulus measures. Fu emphasized the government's focus on 'high-quality development,' noting a 12% increase in R&D investment compared to April 2024.
When asked about cross-strait economic cooperation, Fu stated: 'Economic exchanges between the Chinese mainland and the Taiwan region continue to benefit residents on both sides of the Taiwan Strait, with bilateral trade reaching $23.8 billion in April.' Analysts suggest this data may interest investors eyeing Asia's integrated supply chains.
While acknowledging challenges including fluctuating global demand and supply chain adjustments, officials reaffirmed confidence in achieving annual growth targets. The briefing concluded with updates on employment stability, citing a 4.9% urban unemployment rate.
