China's economy expanded by 5% year-on-year in 2025, achieving its annual growth target despite global economic headwinds, according to data released by the National Bureau of Statistics (NBS) on January 19. The performance underscores what NBS head Kang Yi described as "the structural strength and policy effectiveness" driving the world's second-largest economy.
At a State Council Information Office briefing, officials highlighted stable industrial output and retail sales growth as key contributors to last year's results. The services sector saw particular momentum, accounting for 54% of GDP, while advanced manufacturing and green energy investments grew by 8.3% annually.
Kang emphasized China's success in balancing growth quality and quantity, noting a 12% increase in high-tech industry output and a 6.2% rise in disposable income per capita. The figures come as analysts watch China's economic rebalancing efforts, with domestic consumption now representing 65% of 2025's growth.
While acknowledging challenges including fluctuating global demand and regional supply chain adjustments, the NBS report pointed to December's 6.1% export rebound as evidence of strengthening external trade conditions. Financial reforms and targeted SME support packages are credited with maintaining 9.8 million urban jobs created in 2025.
Looking ahead, economists anticipate continued focus on innovation-driven growth as China implements measures outlined in last month's Central Economic Work Conference. The 2025 data provides a baseline for assessing progress toward medium-term development goals through 2030.
