China's Economic Development Brings Opportunities to the World

In the first half of 2025, China's economic operation demonstrated strong resilience and vitality, with stable growth in production and demand, generally stable employment, and continued increase in residents' income. China's gross domestic product reached 66,053.6 billion yuan, a year-on-year increase of 5.3%. The country's contribution to global economic growth in the past decade has exceeded the total of the G7 countries, and it is in a leading position in the global electric vehicle, solar energy, and wind energy supply chains.

Key Takeaways:

• China's GDP reached 66,053.6 billion yuan in the first half of 2025, with a year-on-year increase of 5.3%, and a domestic demand contribution of 68.8% to economic growth.
• China's exports to the US as a percentage of its total exports, and the US's imports from China as a percentage of its total imports, have both declined since the first round of the trade war.
• Chinese exporters have diversified their export markets and established manufacturing centers outside of China, resulting in a 7.2% growth in exports.
• China's import and export volume has surpassed 20 trillion yuan, demonstrating the country's growing economic presence.
• China is leading in 37 of 44 key technology areas, including robotics, energy, the environment, advanced materials, and critical quantum technologies, according to a report by the Australian Strategic Policy Institute.
• Consul General Lan Heping emphasized China's willingness to work with the global South, including Brazil, to safeguard the common interests of developing countries and firmly uphold the multilateral trading system.

Statistics:

• China's GDP: 66,053.6 billion yuan (first half of 2025)
• Year-on-year increase of GDP: 5.3% (first half of 2025)
• Domestic demand contribution to economic growth: 68.8% (first half of 2025)
• Exports to the US as a percentage of total exports: declined since the first round of the trade war
• US's imports from China as a percentage of total imports: declined since the first round of the trade war
• China's import and export volume: surpassed 20 trillion yuan
• Exports growth: 7.2%

Sources:

• Ministry of Foreign Affairs of the People's Republic of China
• Article by Consul General Lan Heping published in Pernambuco Daily, El Paso, El Centro, and El Tribune on August 7, 8, and 14, 2025
• Report by Barings Associates on China's contribution to global economic growth
• Report by the Australian Strategic Policy Institute on China's leadership in key technology areas