ECONOMY

Update: Strong Exports Keep China’s GDP Growth on Target

Published: Jan. 19, 2026 8:29 p.m. GMT+8, Updated: Jan. 19, 2026 8:29 p.m.

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China’s economy expanded 5% in 2025, buoyed by a record trade surplus that helped offset weak domestic demand and a persistent property slump weighing on investment.

The figure, published Monday by the National Bureau of Statistics (NBS), hit the government’s “around 5%” target, keeping pace with 2024 and coming in line with the average estimate from a Caixin survey of economists.

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China’s GDP grew 5% in 2023, matching market estimates and economist surveys.
Q4 2023 GDP growth slowed to 4.5% year-on-year, compared to 4.8% in the previous quarter.
Growth was weighed down by weak consumption, property sector issues, and global trade uncertainties.

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