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 March 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 4.50 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Full Year GDP Growth 5.00 5.00 percent Dec 2025
GDP 18743.80 18270.36 USD Billion Dec 2024
GDP Growth Rate YoY 4.50 4.80 percent Dec 2025
GDP Constant Prices 1345690.20 971245.70 CNY Hundred Million Dec 2025
GDP from Agriculture 93346.80 58187.10 CNY Hundred Million Dec 2025
GDP from Construction 86425.10 59950.20 CNY Hundred Million Dec 2025
GDP from Manufacturing 416826.00 305371.30 CNY Hundred Million Dec 2025
GDP from Services 808879.30 592931.10 CNY Hundred Million Dec 2025
GDP from Transport 62092.10 46116.10 CNY Hundred Million Dec 2025
GDP Growth Rate 1.20 1.10 percent Dec 2025
Gross Fixed Capital Formation 537875.60 523590.30 CNY Hundred Million Dec 2024
Gross National Income 1339672.00 1283680.30 CNY Hundred Million Dec 2024


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
China Targets 4.5%–5% Growth in 2026, Maintains Fiscal Support
China set its 2026 economic growth target at 4.5%–5%, the lowest level goal since 1991, and after keeping an “around 5%” target for the past three years. During the opening of the annual legislative session Thursday, Premier Li Qiang said Beijing aims to sustain momentum after the economy met its 2025 target, helped by resilient exports despite trade tensions with the U.S. To underpin growth, Beijing will keep the fiscal deficit at 4.0% of GDP and set a consumer inflation target of around 2.0%, signaling efforts to ward off deflation after prices were flat last year amid weak demand. Stabilizing employment remains a priority, with plans to create 12 million urban jobs and cap the jobless rate at 5.5%, unchanged from 2025. In addition, local governments will be allowed to issue CNY 4.4 trillion in special-purpose bonds to fund investment projects. At the same time, CNY 1.3 trillion of ultralong treasury bonds will also be issued, matching last year’s quota to reinforce fiscal support.
2026-03-05
IMF Holds China 2026 Growth Outlook, Flags Property Risks
The International Monetary Fund kept its 2026 growth forecast for China unchanged at 4.5%, while warning that weak domestic demand and a slowing global economy pose downside risks. In its annual 2025 review released on Wednesday, the global lender said China’s economy expanded 5% in 2025, meeting Beijing’s official target, though the GDP deflator continued to decline, signaling persistent price pressures. The IMF described a “deeper-than-expected” downturn in the property sector as the main domestic risk, while renewed trade tensions represent the key external threat. It also called on policymakers to scale back industry support by cutting subsidies from 4% of GDP to 2%, restructure the debt of unsustainable local government financing vehicles, and take steps to curb future debt accumulation.
2026-02-19
China Hits 5% Growth Target in 2025
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.
2026-01-19