Despite external challenges and domestic weather issues, China’s economy maintained steady growth in July 2025. According to the National Bureau of Statistics (NBS), industrial production rose 5.7% year-on-year, with high-tech manufacturing up 9.3%. From January to July, fixed-asset investment increased 1.6%, retail sales grew 4.8%, and services retail expanded 5.2%. Travel, transportation, and cultural services recorded double-digit growth. Household appliance sales surged 28.7%, furniture 20.6%, while sports goods and jewelry also rose. Production of new energy vehicles, semiconductors, and industrial robots saw strong increases. Foreign trade grew 6.7% in July, while the urban unemployment rate stood at 5.2%, a seasonal rise due to graduation. NBS stressed that while structural challenges remain, China’s long-term growth prospects are solid, supported by consumption, innovation, and policy measures. China targets around 5% GDP growth in 2025, and the EU Chamber of Commerce believes this is achievable, citing strong consumption potential.
https://english.news.cn/20250815/697b36f8a6a8491c850d17355448ebd8/c.html
