China's gross domestic product (GDP) will reach 140.19 trillion yuan in 2025, equivalent to approximately 20.1 trillion US dollars. Year-on-year, the economy grew by 5.0 per cent, meeting the official growth target set at around five per cent. This is according to data released by China's National Bureau of Statistics (NBS) on January 19.
Incomes of the population also showed a positive development. Disposable income per capita also increased by 5.0 per cent year-on-year on the national average, confirming the gradual and steady improvement in the financial situation of Chinese households.
Consumption also continued to grow. Total retail sales of consumer goods reached 50.12 trillion yuan in 2025, an increase of 3.7 percent year-on-year. Online sales continued to develop significantly faster, growing by 8.6 percent to reach 15.97 trillion yuan.
Industry also posted solid results. Industrial output with value added increased by 5.9 per cent year-on-year in 2025. December itself then brought a 5.2 per cent growth in industrial production compared to the same period of the previous year.
Kang Yi, Commissioner of the National Bureau of Statistics, said at a press conference on 19 January that despite the difficult domestic and international economic environment, the Chinese economy has managed to move forward. He said the country is increasingly focusing on new growth impulses and improving the quality of development, and the main economic and social development targets for 2025 have been successfully met.
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