Update: China’s GDP Growth Slows to 5.2% as Domestic Demand, Property Continue to Weigh
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China’s GDP growth slowed in the second quarter to 5.2% year-on-year, with domestic consumption losing momentum and property investment falling at the fastest pace since early 2020.
The figure, which the National Bureau of Statistics (NBS) released Tuesday along with June economic activity data, is the same as the average forecast in a Caixin survey of economists. However, the number came in below the expectation-beating 5.4% growth recorded for the first quarter, leaving first-half growth at 5.3%.
“In the first half of the year, macroeconomic policies that were more proactive took effect, allowing the economy to continue to improve steadily,” Sheng Laiyun, a deputy commissioner of the NBS, said at a press briefing following the data release.
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- China’s GDP grew 5.2% year-on-year in Q2 2024, matching market expectations.
- Growth slowed from 5.4% in Q1, bringing H1 2024 growth to 5.3%.
- Analysts warn of potential further slowdown due to global trade tensions and domestic challenges like the weak property market.
- 2025 Q1：
- China recorded a 5.4% year-on-year GDP growth rate in the first quarter of 2025.
- 2025 Q2：
- China’s GDP grew 5.2% year-on-year in the second quarter of 2025.
- July 15, 2025：
- The National Bureau of Statistics released the data for China’s second quarter 2025 GDP growth.
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