China's economy demonstrated remarkable resilience in 2025, achieving 5% GDP growth despite global headwinds and domestic challenges. With total economic output reaching 140.19 trillion yuan ($20.01 trillion), the world's second-largest economy continues to set the pace for sustainable development through strategic reforms and technological innovation.
Consumption Powers Growth Engine
Retail sales surpassed 50 trillion yuan for the first time in 2025, driven by evolving consumer preferences and government initiatives like the consumer goods trade-in program. The emergence of novel sectors such as low-altitude economy services – including drone deliveries and aerial tourism – exemplifies China's success in creating new market demand through technological integration.
Blueprints for Future Development
The Communist Party of China's recent approval of the 15th Five-Year Plan (2026-2030) positions high-quality development as the cornerstone of national strategy. Commerce Minister Wang Wentao outlined plans to boost service consumption in 2026, targeting sectors ranging from cultural tourism to experiential services, while optimizing policies to unlock spending potential in smaller cities.
Innovation-Driven Resilience
China's economic vitality stems from its dual focus on strengthening traditional industries and nurturing emerging sectors. The government's emphasis on research & development has yielded tangible results, with advanced manufacturing and digital services now accounting for 46.1% of per capita consumption expenditure.
