China’s economy showed signs of strengthening in the first quarter of 2025 (Q1), with both retail sales and industrial output registering accelerated year-on-year (YoY) growth, according to official data released by the National Bureau of Statistics (NBS).
Retail sales of consumer goods—a key gauge of consumption—rose by 4.6 per cent to ¥12.47 trillion (~$1.73 trillion), outpacing the 2024 growth rate by 1.1 percentage points. In March alone, sales rose 5.9 per cent YoY, an improvement from the 4 per cent growth in the first two months of the year.
Meanwhile, China’s value-added industrial output climbed 6.5 per cent YoY in the January–March period, accelerating from 5.9 per cent in the first two months. March saw a stronger performance, with industrial output jumping 7.7 per cent from a year earlier. The data reflects the activity of large enterprises with annual main business revenues exceeding ¥20 million (~$2.77 million).
China’s economy strengthened in Q1 2025, with retail sales rising 4.6 per cent year-on-year to ¥12.47 trillion (~$1.73 trillion), up 1.1 percentage points from 2024.
March sales grew 5.9 per cent.
Industrial output rose 6.5 per cent in Q1 and 7.7 per cent in March, driven by large enterprises, according to the National Bureau of Statistics.
Fibre2Fashion News Desk (HU)
