The Chinese economy grew by 5% in 2025, the same pace as last year and meeting the government’s target. Growth was supported by strong exports, as companies diversified shipments to Europe and Latin America to offset weak domestic consumption and US tariffs. Total goods trade reached RMB 45.47 trillion, with exports up 6.1% and imports 0.5%. Private firms accounted for 57.3% of trade. The primary sector expanded 3.9%, the secondary sector 4.5%, while the services sector led growth at 5.4%, with IT & software (+11.1%) and leasing & business services (+10.3%) performing particularly strongly. Industrial value-added rose 5.9%, driven by equipment (+9.2%) and high-tech manufacturing (+9.4%). Retail sales grew 3.7% (online +8.6%), but fixed-asset investment fell 3.8% amid overcapacity and cautious household spending. Analysts expect growth of around 5% in 2026, though weak domestic demand could constrain upside. source: National Bureau of Statistics of China

Full Year GDP Growth in China remained unchanged at 5 percent in 2025 from 5 percent in 2024. Full Year GDP Growth in China averaged 8.08 percent from 1953 until 2025, reaching an all time high of 21.30 percent in 1958 and a record low of -27.30 percent in 1961. This page includes a chart with historical data for China Full Year GDP Growth. China Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Full Year GDP Growth in China remained unchanged at 5 percent in 2025 from 5 percent in 2024. Full Year GDP Growth in China is expected to reach 4.70 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Full Year GDP Growth is projected to trend around 4.60 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Full Year GDP Growth 5.00 5.00 percent Dec 2025
GDP 19498.04 18729.67 USD Billion Dec 2025
GDP Growth Rate YoY 4.30 5.00 percent Jun 2026
GDP Constant Prices 686971.40 335748.70 CNY Hundred Million Jun 2026
GDP from Agriculture 19581.00 11940.80 CNY Hundred Million Jun 2026
GDP from Construction 36042.90 13632.10 CNY Hundred Million Jun 2026
GDP from Manufacturing 250472.90 116134.90 CNY Hundred Million Jun 2026
GDP from Services 207592.00 206117.20 CNY Hundred Million Jun 2026
GDP from Transport 31329.70 14638.00 CNY Hundred Million Jun 2026
GDP Growth Rate 0.90 1.30 percent Jun 2026
Gross Fixed Capital Formation 530436.70 534534.30 CNY Hundred Million Dec 2025
Gross National Income 1393700.00 1339672.00 CNY Hundred Million Dec 2025


China Full Year GDP Growth
In China, the Primary Industry includes Farming, Forestry, Animal Husbandry, and Fishery and accounts for around 9 percent of GDP. The Secondary sector, which includes Industry (40 percent of GDP) and Construction (9 percent of GDP) is the most important. The Tertiary sector accounts for the remaining 44 percent of total output and consist of Wholesale and Retail Trades; Transport, Storage, and Post; Financial Intermediation; Real Estate; Hotel and Catering Services and Others.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 21.30 -27.30 1953 - 2025 percent Yearly
NSA

News Stream
PBoC Signals Targeted Support, No Major Easing
The People's Bank of China pledged to roll out “practical and effective” policy support promptly, while avoiding signals of major easing. In its quarterly monetary policy report released Wednesday, the central bank said it will intensify countercyclical adjustments, boost domestic demand, and channel more resources toward technological innovation and smaller firms. It vowed to conduct overnight reverse repo operations more frequently to fine-tune short-term rates, and urged that loans and bond financing be assessed together rather than focusing solely on credit growth. The PBoC noted that capital-heavy sectors like real estate and infrastructure have cooled, while emerging “new productive forces” are more asset-light, reducing traditional loan demand. It also stressed that global monetary recalibration is not a “drastic U-turn,” warning that history shows rapid tightening after massive easing tends to deliver sharper shocks to markets.
2026-08-13
PBoC Vows Timely Policy Support, Ample Liquidity
The People’s Bank of China (PBoC) said in a statement on Sunday that it will continue monetary support in the second half of 2026, pledging to maintain ample liquidity and adjust policy tools as needed. The statement followed a work meeting led by Governor Pan Gongsheng and echoed last week’s Politburo call to accelerate infrastructure spending. The central bank also vowed to “steadily promote the high-level opening of the financial market,” advancing cooperation on financial infrastructure, expanding liquidity management and risk-hedging tools, and facilitating yuan-denominated panda bond issuance by overseas institutions. It also highlighted plans to strengthen Shanghai’s role in cross-border finance and offshore services, consolidate Hong Kong’s position as a global offshore yuan hub, and support the resolution of debt risks at local government financing vehicles while promoting their market-oriented transformation.
2026-08-03
China Politburo Pledges Fiscal Push, Signals No Broad Easing
China’s Politburo on Thursday signaled it will continue leaning on existing policy tools rather than rolling out sweeping stimulus, stressing the need to “fully use” current measures. While no major easing appears imminent, leaders pledged stronger countercyclical adjustments and “pragmatic, effective” steps when appropriate, without offering a timetable. Fiscal spending and bond proceeds will be accelerated to spur demand and optimize supply, alongside support for breakthroughs in advanced technologies, future industries, and emerging sectors. The leadership also reiterated commitments to stabilize property, safeguard jobs, tackle local debt risks, reform smaller banks, and deepen capital-market changes. The cautious stance was widely expected after Beijing trimmed its 2026 growth target to 4.5%–5%, even as Q2 delivered the weakest quarterly expansion in more than three years.
2026-07-31