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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

Hamas said Monday that it is "fully ready" to transfer administrative powers to a newly-formed Palestinian technocratic committee tasked with governing Gaza in the post-war phase.

The group pledged to ensure "a smooth and orderly transition" that protects public sector rights and guarantee the continuity of essential services for civilians, the Hamas-run Gaza government media office said in a statement.

The statement framed the administrative transition as part of the second phase of the Gaza peace deal, while strongly linking it to the overarching demand for a complete end to Israeli "aggression" in Gaza.

It emphasized the "inherent right" of Palestinians to reconstruction conducted in a manner that "preserves Palestinian national rights and sovereignty," and reiterated the goal of an independent Palestinian state with East Jerusalem as its capital.

The 15-member Palestinian technocratic committee to temporarily administer the post-war Gaza officially launched its work on Friday through a meeting in Cairo, prioritizing Gaza's "humanitarian file."

Meanwhile, violence continued in the enclave on Monday. Gaza Civil Defense spokesperson Mahmoud Basal said that three Palestinians were killed by Israeli fire in separate incidents in Khan Younis and Rafah areas.

Basal said Israeli forces regularly target shelters and civilian areas, calling the actions "a clear and blatant violation of all humanitarian and international laws."

Local sources also reported Israeli airstrikes east of Khan Younis and artillery shelling in eastern Gaza, alongside the demolition of residential homes.

The Israeli side has yet to comment on the latest incidents.

Since the ceasefire between Hamas and Israel took effect in October 2025, at least 465 Palestinians have been killed, raising the total death toll since October 2023 to 71,550, Gaza-based health authorities said Monday.

Hamas says "fully ready" for power handover procedures

Hamas says "fully ready" for power handover procedures

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