China's NBS says the contradiction between supply and demand remains prominent
Importance
Level 1
- Will implement more proactive macroeconomic policies and expand domestic demand.
- China's economy shows steady growth amid multiple pressures in 2025
- Population at the end of 2025 at 1.405bln (prev. 1.408bln Y/Y)
- China's economy faces problems and challenges, including strong supply and weak demand.
- Sees multiple risks and potential dangers in key sectors.
- China is able to maintain stable, sound growth momentum in 2026.
- Production, prices and expectations show positive changes since year start.
- Net exports accounted for 31.1% of Q4 GDP growth.
- Expects China's consumption to grow steadily in 2026 as policies support gains traction.
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