On February 28, the National Bureau of Statistics of China released the Communiqué on National Economic and Social Development of the People’s Republic of China in 2025, showing that China’s economy maintained stable growth throughout the year, with the gross domestic product (GDP) reaching 140.1879 trillion yuan, an increase of 5.0% year-on-year, which met the official growth target of 4.5%-5.0%. The data reflects the strong resilience and internal driving force of China’s economy, despite facing external headwinds such as global economic slowdown and geopolitical tensions.
By industry, the three major sectors all achieved positive growth. The primary industry, which includes agriculture, forestry, animal husbandry, and fishery, recorded an added value of 9.3347 trillion yuan, an increase of 3.9% year-on-year, providing a solid foundation for food security and rural development. The secondary industry, including manufacturing and construction, grew by 4.5% to 49.9653 trillion yuan, driven by the recovery of the manufacturing sector and investment in infrastructure. The tertiary industry, which accounts for the largest share of the economy, grew by 5.4% to 80.8879 trillion yuan, continuing to play the role of “ballast stone” for economic growth, with sectors such as tourism, retail, and digital services showing strong vitality.
From the demand side, consumption, investment, and net exports all contributed to economic growth. Final consumption expenditure drove GDP growth by 2.6 percentage points, reflecting the gradual recovery of consumer confidence and the release of consumption potential. Gross capital formation drove growth by 0.8 percentage points, supported by investment in infrastructure and technological innovation. Net exports of goods and services drove growth by 1.6 percentage points, benefiting from the stability of China’s foreign trade. In addition, per capita GDP reached 99,665 yuan, an increase of 5.1% year-on-year, and total labor productivity rose by 6.1%, indicating that the quality of China’s economic development continued to improve.
