China's commerce minister: China still has strong trade resilience, momentum

China's commerce minister: China still has strong trade resilience, momentum

China's commerce minister has recently emphasized the country's robust trade resilience and momentum, highlighting the steady performance of the Chinese economy in the first half of 2025. According to the latest data from the National Bureau of Statistics (NBS), China's economy grew by 5.3 percent year-on-year in the first half of 2025, driven by strong industrial output, export strength, and targeted investment [1].

The minister's comments underscore the country's ability to navigate external uncertainties and maintain growth despite global economic volatility. The industrial sector, in particular, has shown remarkable resilience, with manufacturing output expanding by 7.0 percent year-on-year and strategic sectors like equipment manufacturing and high-tech manufacturing growing at rates significantly above the industrial average [1].

The services sector also played a crucial role in China's economic recovery, with the value-added output of the services sector increasing by 5.5 percent year-on-year. This growth was driven by strong performances in information transmission, software, and IT services, as well as leasing and business services [1].

Consumer spending has been a key driver of growth, with retail sales growing by 5.0 percent year-on-year in the first half of 2025. The government's consumer goods trade-in policy and the continued growth of online consumption have contributed to this momentum [1].

However, the minister also acknowledged that there are challenges ahead. Turning headline momentum into a sustained, broad-based recovery will require boosting household demand and investor confidence. The government is expected to continue implementing proactive macroeconomic policies to support economic growth and address these challenges [1].

References:
[1] https://www.china-briefing.com/news/chinas-economy-in-h1-2025-gdp-trade-and-fdi-highlights/