China’s Consumption Market Kicks Off Year of the Snake with Robust Start
China’s 2025 Spring Festival sees strong consumption boost through vouchers and policies, driving economic growth and holiday spending.
News & Insights Across Asia
China’s 2025 Spring Festival sees strong consumption boost through vouchers and policies, driving economic growth and holiday spending.
China’s economy grew by 5% in 2024, meeting its annual target. Industrial output and exports led the growth, with fourth-quarter GDP rising by 5.4%, exceeding expectations.
Goldman Sachs has raised its economic growth forecasts for the Chinese mainland in 2024 and 2025, citing recent pro-growth measures and policy shifts.