China Stats spokesman: contribution of consumption to eco growth will continue to increase

International environment now still complex and severe, domestic cyclical and structural contradictions are intertwined

• But there are many favorable conditions for sustained economic recovery
• Although external impact increased in April, the trend of economic recovery did not change
• Gradual implementation of policies will be conducive to the sustained recovery and improvement of the economy
• As the effect of policies continues to show, contribution from consumption to economic growth will continue to increase

Earlier:

• China Industrial Output April 2025 +6.1% y/y (expected 5.5%, prior +7.7%)
• Chinese officials say the economy is growing steadily in the face of pressure

This article was written by Eamonn Sheridan at www.forexlive.com.