https://www.cnbc.com/2025/07/15/chinas- ... ahead.html
Asia Economy
China’s second-quarter GDP growth slows to 5.2% as economists warn of mounting headwinds
China’s economy grew at a slower clip in the second quarter, as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn, raising pressure on Beijing to step up stimulus to underpin growth.
China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics on Monday, slightly beating Reuters-polled economists’ estimates of a 5.1% growth, and decelerating from the 5.4% in the first quarter.
In June, retail sales growth slowed to 4.8% from a year earlier, compared with the 6.4% year-on-year increase in May. That figure also disappointed Reuters-polled economists’ forecast of 5.4%.
Industrial output expanded by 6.8% from a year earlier, versus median estimates of 5.7%.
Fixed asset investment grew 2.8% in the first half of this year against estimates of a 3.6% increase in a Reuters poll.
The urban unemployment rate remained at 5% in June, after touching a two-year high of 5.4% in February.
In April, U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing, including financial support for exporters struggling to take orders, subsidies for companies that hire fresh graduates and continuous expansion of a consumer goods trade-in program to boost demand.
The two sides reached a truce in May, agreeing to roll back most of their tariffs on one another. Their respective trade negotiators later outlined a framework after a meeting in London in June, which involves China expediting approval for exports of rare-earth minerals and Washington walking back its restrictions on Beijing’s access to advanced American technologies and Chinese students’ visas to study in the U.S.
Beijing faces a deadline of Aug. 12 to work out a permanent deal with Washington.
The Chinese leadership in May unveiled a slew of policy steps in its bid to shore up the tariff-hit economy, including cutting interest rates and injecting additional liquidity to the market.
The stimulus measures have helped lift certain aspects of the economy. Both official and private surveys showed an improvement in the manufacturing activity.
Exports have also remained largely resilient in the quarter as businesses accelerated to divert trade to alternative markets. Its U.S.-bound shipment shrank 10.9% this year as of June, while exports to Southeast Asia nations and European Union countries — the groupings China counts as its two largest trading partners — jumped 13% and 6.6%, respectively.
That sent the share of China’s exports to the U.S. to 11.9% in the first half of this year, from 14.1% over the same period last year, according to the customs data released Monday.
While China’s economy has remained on a generally firm footing this year, buoyed by robust exports and support measures, economists are largely cautious of more economic headwinds ahead, calling for the leadership to launch fresh fiscal stimulus.
PBOC advisor Huang Yiping, in a report published last week with two other economists, said that authorities need to add as much as 1.5 trillion yuan in fiscal stimulus to spur household spending and offset impacts from the U.S. tariffs, as well as cut interest rates further.
While the recent economic data suggested China’s economic growth may top 5% in the second quarter, “deeper indicators such as soft consumer price index, weak purchasing managers’ index readings, cautious credit dynamics and elevated migrant worker unemployment point to underlying fragility,” the economists said.
Structural reforms around China’s fiscal plans, pension system and the financial sector are needed to ensure a more balanced, sustainable growth, the economists said.
China’s second-quarter GDP growth slows to 5.2% as economist
版主： Softfist
#5 Re: China’s second-quarter GDP growth slows to 5.2% as economist
中国坚持不水慢金山般的印钱... 不大规模刺激
还有5%的增长 相当不错了
还有5%的增长 相当不错了
#7 Re: China’s second-quarter GDP growth slows to 5.2% as economist
问问上个星期才拿到毕业证的千万大学生吧
天朝撅起的关键在于屏蔽铲除五毛粉蛆蠢猪畜牲。
注：Lahei早已被本贴主屏蔽，请勿跟帖。Lahei你如果继续跟帖谩骂或躲在别的楼里攻击本艾迪，那么Lahei你全家十八代都死绝。
注：Lahei早已被本贴主屏蔽，请勿跟帖。Lahei你如果继续跟帖谩骂或躲在别的楼里攻击本艾迪，那么Lahei你全家十八代都死绝。
#8 Re: China’s second-quarter GDP growth slows to 5.2% as economist
完了，墙国要加息，防止经济过热。
一紙荒唐 写了： 昨天 22:05 https://www.cnbc.com/2025/07/15/chinas- ... ahead.html
Asia Economy
China’s second-quarter GDP growth slows to 5.2% as economists warn of mounting headwinds
China’s economy grew at a slower clip in the second quarter, as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn, raising pressure on Beijing to step up stimulus to underpin growth.
China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics on Monday, slightly beating Reuters-polled economists’ estimates of a 5.1% growth, and decelerating from the 5.4% in the first quarter.
In June, retail sales growth slowed to 4.8% from a year earlier, compared with the 6.4% year-on-year increase in May. That figure also disappointed Reuters-polled economists’ forecast of 5.4%.
Industrial output expanded by 6.8% from a year earlier, versus median estimates of 5.7%.
Fixed asset investment grew 2.8% in the first half of this year against estimates of a 3.6% increase in a Reuters poll.
The urban unemployment rate remained at 5% in June, after touching a two-year high of 5.4% in February.
In April, U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing, including financial support for exporters struggling to take orders, subsidies for companies that hire fresh graduates and continuous expansion of a consumer goods trade-in program to boost demand.
The two sides reached a truce in May, agreeing to roll back most of their tariffs on one another. Their respective trade negotiators later outlined a framework after a meeting in London in June, which involves China expediting approval for exports of rare-earth minerals and Washington walking back its restrictions on Beijing’s access to advanced American technologies and Chinese students’ visas to study in the U.S.
Beijing faces a deadline of Aug. 12 to work out a permanent deal with Washington.
The Chinese leadership in May unveiled a slew of policy steps in its bid to shore up the tariff-hit economy, including cutting interest rates and injecting additional liquidity to the market.
The stimulus measures have helped lift certain aspects of the economy. Both official and private surveys showed an improvement in the manufacturing activity.
Exports have also remained largely resilient in the quarter as businesses accelerated to divert trade to alternative markets. Its U.S.-bound shipment shrank 10.9% this year as of June, while exports to Southeast Asia nations and European Union countries — the groupings China counts as its two largest trading partners — jumped 13% and 6.6%, respectively.
That sent the share of China’s exports to the U.S. to 11.9% in the first half of this year, from 14.1% over the same period last year, according to the customs data released Monday.
While China’s economy has remained on a generally firm footing this year, buoyed by robust exports and support measures, economists are largely cautious of more economic headwinds ahead, calling for the leadership to launch fresh fiscal stimulus.
PBOC advisor Huang Yiping, in a report published last week with two other economists, said that authorities need to add as much as 1.5 trillion yuan in fiscal stimulus to spur household spending and offset impacts from the U.S. tariffs, as well as cut interest rates further.
While the recent economic data suggested China’s economic growth may top 5% in the second quarter, “deeper indicators such as soft consumer price index, weak purchasing managers’ index readings, cautious credit dynamics and elevated migrant worker unemployment point to underlying fragility,” the economists said.
Structural reforms around China’s fiscal plans, pension system and the financial sector are needed to ensure a more balanced, sustainable growth, the economists said.
#10 Re: China’s second-quarter GDP growth slows to 5.2% as economist
我来贡献一下：
中国2025年第二季度GDP的新增部分（约1.72万亿元）相当于约 118个宗庆后 各自转移20亿美元到海外信托公司 的金额总和。
中国2025年第二季度GDP的新增部分（约1.72万亿元）相当于约 118个宗庆后 各自转移20亿美元到海外信托公司 的金额总和。
#11 Re: China’s second-quarter GDP growth slows to 5.2% as economist
在这个比烂的世界... 也就中国还有点增长...
大部分国家是向下滑的 ...
天朝最大的优点
是向前看！
那些早期来大陆投资的台企和港资 东大一向克制 也给予一定的照顾... 因为毕竟是在中国最困难的时候住了东大一臂之力！
或往不咎！
但以后他们在没这个机会了... Again... 向前看！
没功夫 纠缠这些理不清的旧帐
#13 Re: China’s second-quarter GDP growth slows to 5.2% as economist
增长的利润都转去了美国！一紙荒唐 写了： 昨天 22:54 在这个比烂的世界... 也就中国还有点增长...
大部分国家是向下滑的 ...
天朝最大的优点
是向前看！
那些早期来大陆投资的台企和港资 东大一向克制 也给予一定的照顾... 因为毕竟是在中国最困难的时候住了东大一臂之力！
或往不咎！
但以后他们在没这个机会了... Again... 向前看！
没功夫 纠缠这些理不清的旧帐
梅花应该高兴吧！
#14 Re: China’s second-quarter GDP growth slows to 5.2% as economist
Again 下不为例...
台资和港资 在没机会啦！ 实话实说
#17 Re: China’s second-quarter GDP growth slows to 5.2% as economist
键盘侠，卖着白菜，操着卖白粉的心。
经济增长和你有什么关系？
你工资涨了？ 你房子涨了？ 你资产增值了？
#18 Re: China’s second-quarter GDP growth slows to 5.2% as economist
说你自己呢吧！！！
在着你们混像个流氓无产者...
住着地下室 自卑的人头猪都不如！！！
只有黑中国的时候 像他妈打了鸡血一样
你们这样的心里极其扭曲的蟑螂我见多了...
x1
上次由 一紙荒唐 在 2025年 7月 14日 23:32 修改。