Behind these impressive figures, the Chinese economy still faces many bumps and obstacles. Consumer spending remains weak, and exports, despite their strength, face increasing global uncertainty. Meanwhile, exports played a larger-than-usual role in achieving this announced growth. Despite a latent trade war with the United States, China ended the year with a record trade surplus of $1.2 trillion after boosting its exports to new markets around the world. Yixiao Zhu* China's economy achieved the official growth target set by the government for 2025, as official data showed that the real Gross Domestic Product (GDP) increased by 5%.
China's Economy Achieves 2025 Growth Target
Despite a latent trade war with the US, China ended the year with a record trade surplus of $1.2 trillion. Official data shows the country's real GDP grew by 5%, achieving the 2025 target.