Since the start of 2025, the worldwide financial and commerce order has skilled extreme shocks and growing uncertainties. In the face of mounting strain, China’s economic system has maintained a gentle and optimistic momentum, presenting a high-quality efficiency.
BEIJING, July 17 (Xinhua) — In the face of a posh worldwide panorama and mounting challenges, China achieved regular financial progress within the first half of 2025, boosting confidence in international progress potential.
According to knowledge launched by the National Bureau of Statistics (NBS) on Tuesday, China’s gross home product (GDP) grew 5.3 p.c yr on yr within the first half of 2025 and 5.2 p.c yr on yr within the second quarter.
Analysts famous that by steadfastly advancing high-quality growth and steadily increasing high-level opening-up, the Chinese economic system has demonstrated robust resilience, offering a dependable driving pressure for international financial progress.
STRONG RESILIENCE
Since the start of 2025, the worldwide financial and commerce order has skilled extreme shocks and growing uncertainties. In the face of mounting strain, China’s economic system has maintained a gentle and optimistic momentum, presenting a high-quality efficiency.
“Resilience” has turn out to be a key phrase utilized by abroad media when reporting on the Chinese economic system, with many noting that China’s financial knowledge within the first half of the yr exceeded market expectations and that the nation stays on target to satisfy its annual progress goal of round 5 p.c.
China’s GDP progress, regardless of the impression of U.S. tariff coverage, indicators robust resilience, highlighting China’s adaptive insurance policies and manufacturing depth, mentioned Philippe Monnier, former govt director of the Greater Geneva Berne space (GGBa), the funding promotion company for Western Switzerland.
The encouraging progress of the Chinese economic system is especially attributed to the robust efficiency in commerce, industrial manufacturing and retail gross sales, mentioned Lynn Song, chief economist for Greater China at ING, a Dutch financial institution. He added that the strong ends in the primary half ought to hold China on observe to realize its full-year progress goal.
Thanks to efforts to strengthen financial and commerce ties globally, China’s international commerce sector delivered a robust efficiency, considerably contributing to general financial progress. In the primary half of the yr, China’s whole items commerce hit 21.79 trillion yuan (3.04 trillion U.S. {dollars}), reaching a report excessive for a similar interval.
During this time, China’s imports and exports with greater than 190 nations and areas registered progress, with 61 buying and selling companions posting commerce volumes exceeding 50 billion yuan (6.96 billion {dollars}).
In addition to elevated commerce with conventional markets such because the European Union, Japan and Britain, rising markets offered further momentum. Notably, China’s commerce with Africa and Central Asia rose by 14.4 p.c and 13.8 p.c yr on yr, respectively.
EFFECTIVE POLICY
Facing an more and more advanced and difficult exterior atmosphere, China has successfully applied extra proactive and efficient macroeconomic insurance policies, additional strengthened the home financial circulation, continued to advance high-level opening-up and steadily pushed ahead financial transformation and high-quality growth.
In the primary half of 2025, home demand contributed 68.8 p.c to GDP progress, serving as the principle engine of financial enlargement, in keeping with the NBS.
China’s emphasis on family subsidies, fiscal assist and credit score entry for small companies has helped stabilize inner demand whereas shielding the economic system from exterior shocks, making it extra resilient to commerce tensions and international slowdowns, Rwandan financial analyst Teddy Kaberuka advised Xinhua.
Japan’s Jiji Press famous that the Chinese authorities’s implementation of a reasonably accommodative financial coverage has yielded tangible ends in supporting the true economic system, and measures launched to spice up consumption additionally performed a optimistic function in driving financial progress.
During the primary half of 2025, China noticed speedy progress in high-tech sectors resembling scientific innovation and inexperienced growth. Value-added industrial output in high-tech manufacturing rose by 9.5 p.c, 3.1 share factors larger than that of general industrial output throughout the identical interval.
With strategic assist for sectors resembling synthetic intelligence, semiconductors, electrical automobiles and clear vitality, China is transitioning towards a extra sustainable, consumption-driven progress mannequin that advantages international provide chains and funding flows, mentioned Monnier.
Karim Adel, head of the Cairo-based Al Adl Center for Economic and Strategic Studies, famous that within the difficult yr of 2025, China has launched a sequence of proactive insurance policies not solely to advance its personal progress aims but in addition to offer sustained momentum for the worldwide economic system.
BENEFIT THE WORLD
In the face of the difficult worldwide panorama, the Chinese economic system has demonstrated robust resilience and huge growth potential. Driven by innovation, it’s advancing high-quality growth, contributing to international financial progress and sharing growth alternatives with the world.
Nicole Hoffmeister-Kraut, minister of financial affairs of the German state of Baden-Wurttemberg, who led a delegation to go to China not too long ago, advised Xinhua that she was deeply impressed by China’s achievement in science and expertise, including that China is an thrilling market in clever transportation, robotic business and different rising areas.
In current years, Germany and China have been deepening cooperation in cutting-edge areas, mentioned Bernd Einmeier, president of the German-Chinese Association for Economy, Education, and Culture.
German enterprises stay passionate about investing in China, whereas a rising variety of Chinese firms view Germany as a strategic gateway for increasing into the European market, mentioned Einmeier, noting that this two-way interplay serves as a stabilizing pressure for international industrial and provide chains.
Munetsi Madakufamba, govt director of the Southern African Research and Documentation Center, praised China’s zero-tariff measures overlaying all taxable merchandise for 53 African nations, saying it represents a big growth that has the potential to boost China-Africa commerce relations.
The optimistic efficiency of the Chinese economic system can assist Africa unlock its huge financial potential and contribute to its growth aspirations, he added.
In an period marked by uncertainty, China’s stability and growth symbolize confidence and alternative, mentioned Ng Chin Long, chairman of the Malaysia Friends of Silk Road Club.