KPMG – China Economic Monitor, Q3 2025
Summary
The main theme of the report concerns the economic state of China in the third quarter of 2025.
Key findings include China's GDP growth in the first half of 2025 reaching 5.3%, surpassing the government's target. The resilience of China's economy despite high US tariffs, an increase in retail sales of consumer goods and export figures, a slowdown in industrial production growth and investments in manufacturing and infrastructure, and a decline in real estate investments due to weak demand and high inventories.
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