Industrial sector and retail pulled above; Country is in a trade war with the United States
China’s economy grew 5.4% in the first quarter of 2025 compared to the same period of the previous year, reaching 31.87 trillion yuans (about R $ 25.6 trillion), according to data released by China on Wednesday (16.br.2025).
The official document recognizes that “The external environment is becoming more complex and severe”And that“The impulse for the growth of effective domestic demand is insufficient”Signaling continuous challenges for the 2nd largest economy in the world.
China has been in the midst of a trade war with the United States, climbing since the US President (Republican party) in the White House. From January to here, Trump has announced a series of tariffs against Beijing, retaliated by the Xi Jinping government (Communist Party of China).
Despite some and were temporarily spared from the calls “reciprocal rates ”tariffs on Chinese imports in the US, while American products in China are.
According to data released by the Chinese government, regarding international trade, Chinese exports grew 6.9%. They reached 6.13 trillion yuans (about R $ 4.9 trillion), while imports fell 6%. Private companies increased their participation in foreign trade to 56.8% of the total.
Growth by sector
The report points out that industrial production accelerated 6.5%in the first 3 months, exceeding 0.7 percentage point the advancement recorded in 2024. The high -tech manufacturing sector increased by 9.7%, while the production of electric vehicles, the NEVs, fired 45.4%.
The services sector expanded 5.3%, with emphasis on information technology (10.3%) and business and leasing (10.2%). Retail sales increased 4.6%, totaling 12.5 trillion yuans (about R $ 10.1 trillion), with online trade accounting for 24% of the total.
Check out some economic indicators compared to the 1st quarter of 2024:
- agricultural production: 4%growth;
- investments in fixed assets: 4.2%increase;
- foreign trade: Expansion of 1.3%;
- Consumer Price Index: It remains of 0.1%;
- Urban unemployment rate: Average of 5.3%.
Investment in high -tech industries grew 6.5%, with information services (34.4%) and the manufacture of aerospace vehicles and equipment (30.3%) leading expansion. Private investment, excluding real estate development, increased by 6%.
The available income to happen Chinese residents grew 5.6% in real terms. Rural income expanded faster (6.5%) than urban (5%).
The Chinese government maintains its growth target from “” to 2025, as previously announced by the LI Qiang Premier, while seeking to boost domestic consumption and develop new quality productive forces to sustain economic growth.
Read the last about China:
