China's economy shows positive signs

Bên trong nhà máy sản xuất xe điện ở tỉnh Chiết Giang (Trung Quốc). (Ảnh: THX/TTXVN)

Inside an electric vehicle factory in Zhejiang province (China). (Photo: THX/TTXVN)

NDRC spokesman Li Chao announced that in the period from January to September 2025, China's economy grew steadily with Gross Domestic Product (GDP) increasing by 5.2% over the same period last year, continuing to be in the leading group of major economies in the world.

Total retail sales of consumer goods increased by 4.5%, 1.2 percentage points higher than the same period last year, indicating that domestic consumption continued to recover steadily. On the production side, the added value of large-scale industrial enterprises increased by 6.2%, reaching the highest level since 2022.

According to Mr. Ly Sieu, the technology and equipment industries continued to be a bright spot with the growth rates of the equipment manufacturing and high-tech industries reaching 9.7% and 9.6% respectively. The proportion of these two industries in the total industrial value reached 35.9% and 16.7%, both increasing compared to the same period last year. In addition, despite the many fluctuations in the external environment, China's goods exports still increased by 7.1%. The export structure continued to be optimized, in which high-tech products increased by 11.9% and electromechanical products increased by 9.6%.

In addition, the service consumption sector - especially sports , entertainment and performing arts - continued to be vibrant with an increase of 5.2%. New industries such as the production of civil drones, industrial robots, new energy vehicles and lithium-ion batteries all increased sharply, reaching 43.2%, 29.8%, 29.7% and 46.9% respectively.

The NDRC has identified expanding effective investment as a key solution to maintaining growth momentum. Recently, China has added 500 billion yuan (equivalent to 70.4 billion USD) from the local government debt limit, including 200 billion yuan (28.16 billion USD) in special bonds, to finance new investment projects. To date, all funds have been disbursed, supporting more than 2,300 projects with a total investment of about 7,000 billion yuan (985.9 billion USD). The projects focus on key areas such as the digital economy, artificial intelligence (AI), consumer infrastructure, transportation, energy, urban renewal and upgrading.

Mr. Li Chao emphasized that the NDRC will closely coordinate with central ministries and enterprises to speed up the construction progress, soon form the actual workload, and create a spillover effect throughout the economy.

Source: https://vtv.vn/kinh-te-trung-quoc-ghi-nhan-tin-hieu-tich-cuc-100251105090055812.htm