Summary
China's economy grew by 5% in 2025, meeting its growth target, largely due to strong export performance. Despite achieving a record trade surplus, China faced challenges such as a property market crisis and rising local government debt, which affected consumer spending and investment.
Key Facts
- China's economy grew by 5% in 2025.
- The country achieved a record trade surplus of $1.19 trillion, with increased exports.
- China's growth rate slowed to 4.5% in the last quarter of 2025.
- US tariffs were lower than expected due to a pause agreement between China and the US.
- China's domestic economy faced challenges like a property crisis and rising local government debt.
- New home prices in China fell by 2.7% in December compared to the previous year.
- Retail sales in December increased by just 0.9%, the slowest in three years.
- Factory output grew by 5.2% in December from a year earlier.
