① In the first quarter of this year, China's GDP grew by 5.4% year-on-year, and increased by 1.2% compared to the previous quarter; ② In the first quarter, the added value of industries above a designated size increased by 6.5% year-on-year, with a real growth of 7.7% in March.
According to the financial news agency on April 16, this morning, the National Bureau of Statistics released the national economic running data for the first quarter of 2025.
The data shows:
GDP: Preliminary accounting indicates that the domestic gross product in the first quarter was 31,875.8 billion yuan, growing by 5.4% year-on-year, and an increase of 1.2% compared to the previous quarter. It ranks among the top of the major economies in the world.
Industrial added value: In the first quarter, the added value of industries above a designated size grew by 6.5% year-on-year. In March, it achieved a real growth of 7.7%.
Fixed asset investment: In the first quarter, national fixed asset investment (excluding farmers) was 10,317.4 billion yuan, with a year-on-year growth of 4.2%, accelerating by 0.1 percentage points compared to January-February.
Total retail sales of consumer goods: In the first quarter, total retail sales of consumer goods reached 12,467.1 billion yuan, increasing by 4.6% year-on-year. In March, it grew by 5.9%.
Previously announced data:
CPI: In the first quarter, the CPI decreased by 0.1% year-on-year. In March, the CPI decreased by 0.1% year-on-year and by 0.4% month-on-month.
PPI: In the first quarter, the PPI decreased by 2.3% year-on-year. In March, the PPI decreased by 2.5% year-on-year and by 0.4% month-on-month.
Social financing: In the first quarter, the increment of social financing was 15.18 trillion, which is 2.37 trillion more than the same period last year.
New loans: In the first quarter, new loans amounted to 9.78 trillion.
M2: At the end of March, the M2 balance grew by 7.0% year-on-year.
Imports and exports: In the first quarter, China's goods trade in imports and exports reached 10.3 trillion yuan, a growth of 1.3%, setting a record high for the same period, exceeding 10 trillion yuan for eight consecutive quarters.
In the first quarter, China's export scale surpassed 6 trillion yuan, achieving a rapid growth of 6.9%, demonstrating strong resilience under pressure.
