Many leading indicators show China's economy continues to pick up

China

Many leading indicators show China's economy continues to pick up

2025-03-16 22:13 Last Updated At：22:37

A series of key indicators released by the State Information Center (SIC) reveal that domestic investment and consumption demand have increased, trade exports have grown steadily, and China's economy is demonstrating a positive and sustained recovery trend.

In the first two months of 2025, the "excavator index," that serves as an indicator of infrastructure development, rise 2.91 percent year on year, indicating infrastructure construction in the fields of farmland water conservancy, forestry, transportation and municipal engineering is expanding.

According to data from the SIC, the contract winning bid amount, a key indicator of investment enthusiasm, increased by 9.2 percent year on year, showing a positive trend in the infrastructure investment sector with ample funding support and accelerated project implementation.

"With the launch of major infrastructure projects, strong investment in railways, highways, energy, and other sectors will boost infrastructure development, thereby better supporting the role of investment in stabilizing growth," said Shen Chunfeng, an expert in engineering machinery index data at ROOTCloud, an industrial internet platform solution provider.

In addition to investment growth, consumption has also continued to rise since the start of the year.

According to data from the SIC, in January and February, the index tracking online service consumption grew by 20.1 percent year on year, while the index for offline consumption increased by 13.6 percent year on year, marking a 7.2 percentage points rise from last December.

In the first two months of this year, the average daily container throughput at major ports in China increased by 12 percent year on year.

"With the concerted efforts of adopted policies and a package of new measures, a number of high-frequency data have shown steady and rapid growth. China's economy has made a strong start in many areas, market confidence has been significantly boosted, and economic recovery has been steadily progressing," said Wei Ying, deputy director of the Big Data Development Department at SIC.

ROK president calls for learning lesson from anti-aggression history

The Republic of Korea (ROK) and China should cherish the historical experience of jointly resisting aggression and continue to work together for a prosperous future, said ROK President Lee Jae Myung.

At the invitation of Chinese President Xi Jinping, Lee will pay a state visit to China from Jan 4 to 7. It will be Lee's first visit to China since he took office last year.

In an interview with China Media Group (CMG) in Seoul on Wednesday, Lee said that humanity must learn from the past to prevent the tragedy of war from repeating itself.

"While pursuing their own national interests to the fullest extent, countries must not harm the national interests of others, but should coexist peacefully. The act of invading other countries and massacring their people for one's own benefit must never be repeated. History of humanity often repeats itself, therefore we must learn from the past. In this regard, I believe the historical experience of ROK and China in resisting aggression and fighting together is invaluable. Of course, while historical experience is important, we cannot remain stuck in the past. For a better future for the people of both countries, we need to continuously explore possibilities for working together towards the future," said the president.