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China advances with stable growth despite pressure: experts

China

China

China

China advances with stable growth despite pressure: experts

2026-01-19 16:08 Last Updated At:01-20 00:10

China has been maintaining stable economic growth against the backdrop of mounting pressures, experts have said.

China's gross domestic product (GDP) grew 5 percent year on year in 2025, meeting the annual target of around 5 percent, official data showed Monday.

China's GDP reached a record of 140.1879 trillion yuan (about 20.01 trillion U.S. dollars) last year, data from the National Bureau of Statistics (NBS) revealed.

Despite a complex domestic and external environment, the economy advanced under pressure, achieving fresh progress in high-quality development, the NBS noted.

"In 2025, China's economy achieved stable growth, forged ahead under pressure, and advanced in quality and innovation. Our economic growth rate reached five percent in the year. In terms of qualitative improvement, technological innovations delivered bright spots one after another, exports grew in adversity and improvements in living standards were tangible. Against the backdrop of mounting external pressures and various difficulties and challenges, achieving such results was no easy task," said Huang Hanquan, head of the Macroeconomic Research Institute affiliated to the National Development and Reform Commission -- China's top economic planner.

China's value-added industrial output, an important economic indicator, expanded 5.9 percent year-on-year in 2025, the NBS said.

The retail sales of consumer goods, a major indicator of the country's consumption strength, climbed 3.7 percent year-on-year in 2025. The country's per capita disposable income went up 5 percent year-on-year in nominal terms in 2025, data from the NBS showed.

"China maintained stable economic growth amid a sluggish global economic environment. Accounting for about 17 percent of the global economy, China contributed about 30 percent of the world's economic growth, making it a major engine for global economic development," said Wei Chu, dean of the School of Applied Economics of Renmin University of China.

China advances with stable growth despite pressure: experts

China advances with stable growth despite pressure: experts

At least 20 people were killed and 57 others injured in Israeli airstrikes across Lebanon over the past 24 hours, according to official figures released on Friday.

The latest casualties bring the cumulative death toll to 1,021, with a total of 2,641 people wounded since the escalation of hostilities on March 2.

Meanwhile, displacement continues to rise sharply as ongoing strikes force more residents to flee their homes. A total of 134,616 displaced people are currently sheltering in 644 centers across the country, the figures show.

Efforts to accommodate displaced populations remain under strain as the humanitarian situation deteriorates amid continued airstrikes.

Hezbollah entered the confrontation on March 2 by launching rockets from southern Lebanon toward Israel for the first time since a ceasefire on Nov. 27, 2024, prompting Israel to carry out an intensified military campaign targeting multiple areas across the country.

Israeli airstrikes in Lebanon kill 20, bring total fatalities to 1,021

Israeli airstrikes in Lebanon kill 20, bring total fatalities to 1,021

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