(ECNS) -- Data released by the National Bureau of Statistics on Wednesday showed that China's gross domestic product (GDP) grew 5.4 percent year-on-year in the first quarter of 2025, hitting 31,875.8 billion yuan (about $4337.752 billion). It marks a very strong start for the whole year.
The official data also indicated that the country's value-added industrial output expanded 6.5 percent year-on-year in the first quarter, while the fixed-asset investment went up 4.2 percent year-on-year in the same period.
Meanwhile, retail sales grew by 4.6 percent year-on-year to reach 12.47 trillion yuan in the first quarter and per capita disposable income went up 5.5 percent year-on-year in nominal terms for the same period, official data showed.
In the job market, the surveyed urban unemployment rate on average stood at 5.3 percent in the first quarter.
In addition, the total import and export volume of goods was 10,301.3 billion yuan, a year-on-year increase of 1.3 percent.
The 5.4 percent growth has beaten analysts' expectations in a Reuters poll for a rise of 5.1 percent.
(By Zhang Dongfang)
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