China’s gross domestic product (GDP) growth for the second quarter witnessed a growth of 5.2 per cent year-on-year as preliminary estimates emerged, released by the National Bureau of Statistics (NBS) on Tuesday.
The data put China’s GDP at 66.05 trillion yuan ($9.2 trillion) for the January-June period; its first quarter growth was pegged at 5.4 per cent year-on-year and a 1.1 per cent quarter-on-quarter growth.
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These figures are significant because of the threats of tariff hikes by US President Donald Trump creating an unstable financial environment ever since he came to the office for the second term. China’s GDP recovery, evident in the 5.3 per cent year-on-year growth in the first half of 2025, is being as a sign of withstanding pressures amid global uncertainties.
It forecasts an overall stability with steady progress, said NBS.
Other data revealed the country’s fixed-asset investment (excluding rural households), which reached 24.87 trillion yuan because of growth in high-tech industries; foreign trade, which was buoyed by growth in private enterprises; and industrial output, especially from large-scale enterprises.
The total imports and exports of goods grew 2.9 percent to 21.79 trillion yuan, while industrial output rose 6.4 per cent year-on-year.
Meanwhile, retail sales, indicative of consumption, climbed 5.0 per cent to 24.55 trillian yuan, evident of 0.4 per cent faster growth than the first quarter.
A strong industrial production in June was the result of an uptick in high-tech manufacturing, noted Lynn Song, chief economist for Greater China at ING.
“It has been an outperformer amid China's transition up to the value-added ladder,” he said.
The consumer price index fell 0.1 percent, while producer price index – a measure of factory-gate prices – dropped 2.8 percent year-on-year. The unemployment rate averaged 5.2 percent, down 0.1 percentage point from the first quarter.
Per capita disposable income too rose 5.4 per cent in real terms, signalling modest income gains for households.
“While there remains considerable uncertainty in the external environment and significant pressure for internal structural adjustments, all things considered, we believe there are solid grounds to be confident that China's economy will maintain stable growth in the second half of the year,” said NBS deputy head Sheng Laiyun, citing positive growth forecasts by global institutions.
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