Guangzhou (JLC), October 20, 2025--China's gross domestic product (GDP) expanded 5.2% year on year in the first three quarters of 2025, according to the latest data released by the National Bureau of Statistics (NBS) on Monday.
In the first nine months, China's GDP reached 101.50 trillion yuan (about 14.30 trillion US dollars), with economic increment reaching 3.97 trillion yuan, 136.80 billion yuan more than the same period last year.
The Q3 GDP reached 35.45 trillion yuan, up 4.8% year on year, though the growth pace moderated by 0.4 percentage points from Q2 amid domestic and external headwinds.
In Jan-Sept, specifically, the value added by the primary industry rose 3.8% year-on-year to 5.81 trillion yuan, and that by the secondary industry grew 4.9% to 36.40 trillion yuan. The tertiary sector, which includes services, expanded 5.4% to 59.3 trillion yuan.
The three sectors accounted for 5.7%, 35.9% and 58.4% of GDP respectively, highlighting China's continued economic transformation toward services-led development.
The investment in fixed assets dipped 0.5% to 37.15 trillion yuan. Judging by sector, the investment in infrastructure construction grew 1.1%, that in manufacturing gained 4.0%, but that in real estate development slumped 13.9%, the NBS said.
The investment in the primary and secondary industries rose 4.6% and 6.3% respectively, while that in the tertiary industry fell 4.3%.
China's foreign trade reached 33.61 trillion yuan during this period, rising 4.0% from the corresponding period of time last year. Its exports climbed 7.1% to 19.95 trillion yuan while imports edged down 0.2% to 13.66 trillion yuan.
The consumer price index (CPI), a main gauge of inflation, dipped 0.1% year-on-year in Jan-Sept, while the producer price index, which measures factory-gate goods prices, dropped 2.8%, the NBS data also indicated.
The average surveyed urban unemployment rate stood at 5.2% in the first nine months, with the September rate down 0.1 percentage point from August to 5.2%.
Meanwhile, per capita disposable income rose 5.2% in real terms from the same period of last year. Urban residents gained a 4.5% real income growth while rural residents had a 6.0% increase.
Based on macroeconomic indicators, China’s economy showed generally stable performance in this period, maintaining steady progress amid improved growth quality. Nevertheless, the NBS noted challenges from external uncertainties and the need to further strengthen the foundation for the domestic economic recovery.
