China Reports 5.4% GDP Growth in Q1 of 2025

A report from chinadaily.com.cn on Apr. 17th, 2025:

China’s gross domestic product expanded by 5.4 percent year-on-year in the first quarter, the same pace as the previous quarter, official data showed on Wednesday.

The country’s GDP grew to 31.88 trillion yuan ($4.35 trillion) in the first quarter, according to the National Bureau of Statistics. On a quarter-on-quarter basis,  grew by 1.2 percent in the first quarter, the NBS said.

Figures released by the NBS showed China’s value-added industrial output rose by 7.7 percent in March after a 5.9 percent growth in the first two months of the year. 

In the first quarter, value-added industrial output grew by 6.5 percent compared to the same period last year, while in the last quarter of 2024, it rose by 5.7 percent from a year earlier. 

Retail sales, a key measurement of consumer spending, increased by 5.9 percent versus the 4 percent growth in the first two months. 

In the first quarter, retail sales rose by 4.6 percent compared to the same period last year, while in the last quarter of 2024, they surged 3.8 percent from a year earlier.

Fixed-asset investment - a gauge of expenditures on items including infrastructure, property, machinery and equipment – rose by 4.2 percent in the first three months, while in the first two months, it grew by 4.1 percent.