China’s economy roared to life in the first two months of 2025, with upbeat data showing industrial output, retail sales, and tech investments driving growth. 🌟 National Bureau of Statistics spokesperson Fu Linghui shared the latest figures at a high-profile press conference, revealing key insights for global markets.
🚀 Industrial production jumped 7.2% year-on-year, fueled by smart manufacturing and AI integration. Retail sales climbed 8.1%, with Gen Z shoppers splurging on eco-friendly gadgets and 'new中式' (new Chinese-style) fashion trends. The tech sector saw a 15% surge in investments, as companies doubled down on robotics and quantum computing.
💡 Fu highlighted that 'new quality productive forces'—a buzzword for high-tech innovation—are reshaping industries. Overseas investors, including businesses from Hong Kong and the Taiwan region, contributed 30% of total foreign capital inflow during this period.
While export growth slowed slightly (4.3% vs 2024's 5.1%), analysts point to rising domestic tourism and a booming EV market as stabilizing factors. 🔋 Next-gen battery factories reportedly added 500,000 jobs nationwide in February alone!
Reference(s):
Live: China's economic performance in first two months of 2025
cgtn.com