China's economy sees high-quality development through innovation in 2025: statistical communique

China's economy experienced the high-quality development through innovation in 2025, which marks the final year of the country's 14th Five-Year Plan (2021-2025),according to a communique released by the National Bureau of Statistics (NBS) on Saturday.

The communique on China's economic and social development in 2025 focuses on the country's innovation-led and high-quality economic development.

The construction of a modernized industrial system has been continuously advanced, new strides have been taken in reform and opening up, progress has been made in defusing risks in key areas, people's well-being has been more effectively ensured, and the overall social situation has been kept stable, said the communique.

China has gotten off to a good start on the new journey toward the Second Centenary Goal, it said.

China's gross domestic product (GDP) in 2025 grew 5 percent year-on-year to reach a record of 140.1879 trillion yuan (about 20.44 trillion U.S. dollars), meeting the annual target of around 5 percent, said the communique.

In breakdown, the added value of the primary,secondary and tertiary industries stood at 9.3347 trillion yuan, 49.9653 trillion yuan and 80.8879 trillion yuan, respectively, reflecting year-on-year increases of 3.9 percent, 4.5 percent and 5.4 percent, and accounting for 6.7 percent, 35.6 percent and 57.7 percent of GDP. Final consumption expenditure, gross capital formation and net exports of goods and services contributed to the growth of GDP by 2.6 percentage points, 0.8 percentage points and 1.6 percentage points, respectively.

Looking back on 2025, China's GDP saw year-on-year growth of 5.4 percent, 5.2 percent, 4.8 percent and 4.5 percent in the first, second, third and fourth quarters, respectively, and per capita GDP in 2025 came in at 99,665 yuan, an increase of 5.1 percent over the previous year. China's Gross National Income (GNI) and per capita labor productivity reached 139.370 trillion yuan and 184,413 yuan, respectively, reflecting increases of 5.1 percent and 6.1 percent over the previous year.

China's economy sees high-quality development through innovation in 2025: statistical communique

The U.S. dollar weakened in late trading on Friday.

The dollar index, which measures the greenback against six major peers, dropped 0.19 percent to 97.608 at 15:00 (2000 GMT).

In late New York trading, the euro climbed to 1.1819 dollars from 1.1786 dollars in the previous session, and the British pound added to 1.3475 dollars from 1.3470 dollars in the previous session.

The U.S. dollar bought 155.95 Japanese yen, lower than 156.34 Japanese yen of the previous session. The U.S. dollar decreased to 0.7679 Swiss francs from 0.7747 Swiss francs, and it fell to 1.3630 Canadian dollars from 1.3687 Canadian dollars. The U.S. dollar was down to 9.0200 Swedish kronor from 9.0631 Swedish kronor.

U.S. dollar ticks down