In the first half of 2025, China’s economy continues to operate in a balanced process of ‘stable growth’ and ‘structural adjustment’ under the middle-to-high-speed economic cycle, pursuing high-quality development. Faced with a complex and changing international environment, China has effectively implemented more proactive macroeconomic policies, focusing on stabilizing employment, enterprises, markets, and expectations. Overall, major indicators in the first half of the year exceeded expectations, and the economy maintained a stable and positive development trend. On a global scale, China remains a major engine of world economic growth, injecting more dynamism and certainty into the global economy.
Since the beginning of the year, China’s economy has maintained a slightly improved positive trend. With respect to macroeconomic indicators, GDP grew by 5.3% year-on-year in the first half of the year. Looking at leading indicators from the past months…






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