China’s economy performed better than anticipated in the first quarter of 2025, with exports flowing into the United States before the imposition of heavy new tariffs.
Government data released Wednesday showed that China’s gross domestic product (GDP) grew by 5.4% year-on-year (YoY) in Q1 2025, surpassing expectations of 5.2% rise.
The National Bureau of Statistics of China (NBS of China) explained in a statement that it is important to recognize that the external environment is becoming more complex and severe, as the foundations for recovery and sustainable economic growth have not yet been strengthened. Thus, more proactive and effective macroeconomic policies are necessary.
Industrial production rose 7.7% YoY in March, marking the fastest growth rate since June 2021. Retail sales also advanced 5.9%, the best pace since December 2023 and above expectations of 4.3%.
China’s economy performed better than anticipated in the first quarter of 2025, with exports flowing into the United States before the imposition of heavy new tariffs.
Government data released Wednesday showed that China’s gross domestic product (GDP) grew by 5.4% year-on-year (YoY) in Q1 2025, surpassing expectations of 5.2% rise.
The National Bureau of Statistics of China (NBS of China) explained in a statement that it is important to recognize that the external environment is becoming more complex and severe, as the foundations for recovery and sustainable economic growth have not yet been strengthened. Thus, more proactive and effective macroeconomic policies are necessary.
Industrial production rose 7.7% YoY in March, marking the fastest growth rate since June 2021. Retail sales also advanced 5.9%, the best pace since December 2023 and above expectations of 4.3%.
