Tuesday, October 21, 2025
32.3 C
Abuja

China’s GDP Expands 5.2% In First Three Quarters of 2025

China’s gross domestic product (GDP) grew 5.2 percent year on year in the first three quarters of 2025, data from the National Bureau of Statistics (NBS) showed Monday.

China’s GDP reached over 101.5 trillion yuan (about 14.3 trillion U.S. dollars) in the first three quarters, NBS data showed.

In the third quarter, the country’s GDP expanded 4.8 percent year on year.

The tertiary industry expanded 5.4 percent year on year in the first three quarters, outpacing a 3.8 percent increase of the primary industry and a 4.9 percent increase of the second industry.

On a quarterly basis, China’s economy expanded 1.1 percent in the third quarter, according to the NBS.

Since the beginning of the year, China’s economic development has withstood pressure and achieved hard-won, remarkable progress, said a spokesperson with the NBS, adding that economic operation has maintained overall stable performance with steady growth.

In the first nine months of this year, China’s value-added industrial output increased by 6.2 percent compared to the same period last year. In September, the output expanded 6.5 percent year on year, with manufacturing and mining sectors posting rapid growth.

China’s value-added service output rose to nearly 59.3 trillion yuan in the first three quarters, accounting for 58.4 percent of GDP, 0.8 percentage points higher than that in the same period last year.

China’s retail sales of consumer goods went up 4.5 percent year on year to nearly 36.59 trillion yuan in the first three quarters. In September, the retail sales of consumer goods rose 3 percent year on year to 4.2 trillion yuan.

The country’s per capita disposable income reached 32,509 yuan during the January-September period, marking a 5.2 percent year-on-year increase after deducting price factors.

The surveyed urban unemployment rate on average in China stood at 5.2 percent in the first three quarters. The rate went down 0.1 percentage point from August to 5.2 percent in September.

China’s fixed-asset investment dropped 0.5 percent year on year to about 37.2 trillion yuan in the first three quarters.

Hot this week

Xi Vows to Strengthen China-Ghana Ties on 65th Anniversary of Diplomatic Relations

Chinese President Xi Jinping held talks with Ghanaian President...

China, Nigeria Deepen Cultural Ties as 2025 Women’s Film Festival Opens in Abuja

The opening ceremony of the 2025 China Women’s Film...

China, Nigeria Celebrate Cultural Harmony at Mid-Autumn Festival in Lagos

The Chinese Consulate General in Lagos hosted a colorful...

Chinese medical team offers free clinic in Tanzania’s Zanzibar

The 35th batch of the Chinese medical team to...

China sees 888 million domestic trips during eight-day holiday

China recorded 888 million domestic tourist trips during the...

Topics

Xi Vows to Strengthen China-Ghana Ties on 65th Anniversary of Diplomatic Relations

Chinese President Xi Jinping held talks with Ghanaian President...

China, Nigeria Celebrate Cultural Harmony at Mid-Autumn Festival in Lagos

The Chinese Consulate General in Lagos hosted a colorful...

Chinese medical team offers free clinic in Tanzania’s Zanzibar

The 35th batch of the Chinese medical team to...

China sees 888 million domestic trips during eight-day holiday

China recorded 888 million domestic tourist trips during the...

Mainland slams Taiwan leader’s separatist narrative

A Chinese mainland spokesperson on Wednesday slammed recent remarks...

My China Story: A Journey Through Beijing, Wuxi, and Qingdao

By Michael Onjewu, Abuja When I boarded my flight to...
spot_img

Related Articles

Popular Categories

spot_imgspot_img