KPMG – China Economic Monitor, 1Q2025

The main theme is the economic overview of China for the first quarter of 2025.

Key findings include China's real GDP growth of 5% in 2024, meeting Beijing's target. GDP grew by 5.4% in the fourth quarter of 2024, exceeding market expectations. Policy incentives led to increased consumption and investment in the fourth quarter. China's exports remained strong due to accelerated shipments ahead of the inauguration of US President Trump. Investments in manufacturing and infrastructure showed growth, while real estate investments declined. China's economy faces challenges such as insufficient recovery in domestic demand and geopolitical tensions.