PwC – China Economic Quarterly Q1–Q2 2025

The main theme of the report is the economic state of China in the first half of 2025, focusing on economic growth, exports, domestic consumption, and investments.

Key findings include a robust GDP growth of 5.3% year-on-year, strong exports to ASEAN, Africa, and Latin America, but a decline in exports to the USA. New US tariffs on transit goods create uncertainty, potentially affecting China's indirect export routes. Domestic consumption was supported by a swap program, but its momentum is waning. Investments were weak, particularly in the real estate sector, hindering growth. China's consumer market is slowing but remains a strategic priority for global investors.