China’s GDP H1 2025 +5.3%

According to data released by the National Bureau of Statistics, China’s GDP grew by 5.3 per cent year on year in the first half of 2025.

In the second quarter of 2025, the economy rose by 5.2 per cent in comparison to a year earlier after a 5.4 percent growth in the January-March period. On a quarter-on-quarter basis, China's GDP increased by 1.1 per cent.

China's industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 6.8 per cent in the first two quarters compared to the same period last year, while the median estimation is 5.7 per cent.

Retail sales, a key measurement of consumer spending, slowed to 4.8 per cent year-on-year in June, down from the 6.4 per cent growth in May. In the first half of the year, retail sales rose by 5 per cent compared to the same period last year, while in the first quarter, they grew by 4.6 per cent from a year earlier.

In the second quarter, fixed-asset investment, a gauge of expenditures on various elements, including infrastructure, property, machinery, and equipment, grew by 2.8 per cent compared with a year earlier. Real estate investment fell 11.2 per cent in the first half of the month, and infrastructure and manufacturing investment also slowed.

The surveyed urban jobless rate was at 5% in June after reaching a two-year high of 5.4 per cent in February.