Data released by China’s National Bureau of Statistics on the 15th show that, according to preliminary calculations, China’s gross domestic product (GDP) in the first half of 2025 reached 66.0536 trillion yuan (39.2 trillion ringgit), an increase of 5.3% year-on-year at constant prices.
By quarters, the GDP grew by 5.4% year-on-year in the first quarter, and by 5.2% in the second quarter. Quarter-on-quarter, GDP grew by 1.1% in the second quarter. Overall, the national economy in the first half of the year overcame challenges and continued to improve amid stability.
Sheng Laiyun, Deputy Director of the National Bureau of Statistics, said that overall, more proactive and effective macro policies in the first half of the year had a positive effect, and the economy continued its trend of stable and improving performance, demonstrating strong resilience and vitality. He pointed out that domestic demand was the main driver of economic growth in the first half of the year.
However, he acknowledged that there are still many unstable and uncertain external factors, domestic effective demand is insufficient, and the foundation for economic recovery and improvement needs to be further consolidated. In the next stage, it is necessary to adhere to the general principle of seeking progress while maintaining stability, fully implement the new development philosophy, accelerate the construction of a new development pattern, coordinate domestic economic work and international economic and trade challenges, firmly do our own work well, further strengthen the domestic economic circulation, and use the certainty of high-quality development to cope with external uncertainties, promoting sustained, steady, and healthy economic development.