ECONOMY

China’s 2025 GDP Grows 5%, Meeting Expectations

Published: Jan. 19, 2026 10:04 a.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Analysts broadly view the faltering effect of the nationwide consumer goods trade-in program and the intensifying campaign against race-to-the-bottom competition as major factors weighing on growth.

China’s GDP grew 5% last year, on par with market expectations.

The figure, published Monday by the National Bureau of Statistics (NBS), compares with a 5% average estimate from a Caixin survey of economists and 2024’s 5% growth.

In the fourth quarter, GDP rose 4.5% year-on-year. That compares with a 4.8% expansion in the previous quarter, a one-year low, as weak consumption and a deepening property slump dragged on growth.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

China’s GDP grew 5% in 2023, matching market estimates and economist surveys.
Q4 2023 GDP growth slowed to 4.5% year-on-year, compared to 4.8% in the previous quarter.
Growth was weighed down by weak consumption, property sector issues, and global trade uncertainties.

AI generated, for reference only