April 16, 2025

China's GDP grew by 5.4 percent in the first quarter of 2025, higher than broad market expectations as the world's second-largest economy got off to a very strong start and laid a solid foundation for the economy to achieve its goal of growing around 5 percent for the whole year, despite escalating US tariff pressures.

The growth rate, driven by marked growth in export, robust growth in high-tech industrial output and steady growth of domestic consumption, consolidated China's status as one of the fastest growing major economies in the world, which also underscores its role as the major engine of the global economic recovery, Chinese analysts said.

The steady growth of Chinese economy in the first quarter, amid looming tariff war launched by the US and expected impacts on world trade in the second quarter, injected stability and positive momentum to the global economic growth, they noted.

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