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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 16 (Xinhua) — China's economy maintained solid momentum in August despite an uncertain external environment, with high-quality development making steady progress, official data showed Monday.
According to the National Bureau of Statistics (NBS), China's economy saw steady growth in January-August, with key indicators including output, retail sales and employment generally in line with those of the first seven months of 2025.
Domestic demand continued to expand, the GSU noted. In the first eight months of 2025, retail sales of consumer goods grew by 4.6 percent year-on-year, while consumption of services in areas such as tourism and live performances was particularly active. Over the period, retail sales of services grew by 5.1 percent, which was higher than the growth in sales of consumer goods.
In the industrial sector, the gross added value of large industrial enterprises increased by 5.2 percent year-on-year in August. The manufacturing industry showed good results with an increase in added value of 5.7 percent.
NSU official Fu Linghui noted that due to the rapid development of artificial intelligence and the acceleration of digitalization, the relevant industries have seen relatively rapid growth.
Thus, in August, gross value added in the manufacturing sector of equipment for smart vehicles, electronic components and equipment, and integrated circuits increased by 17.7 percent, 13.1 percent, and 23.5 percent year-on-year, respectively.
In terms of employment, the average unemployment rate in urban areas surveyed in China was 5.3 percent in August, up 0.1 percent from July.
According to Fu Linghui, the slight increase was due to the college graduation season, and last month's figure remained at the level recorded in August last year. Employment among key population groups also remained generally stable.
Despite a sluggish global economy and an uncertain external environment, China's merchandise trade has shown resilience. In August, total foreign trade grew 3.5 percent year-on-year, marking the third consecutive month of growth in both exports and imports.
Among other positive developments, the producer price index (PPI), a measure of the change in wholesale producer prices of goods, broke its downward trend and remained unchanged in August on a monthly basis after falling 0.2 percent in July. Prices for coal mining and ferrous metal processing rose 2.8 percent and 1.9 percent, respectively.
Fu Linghui said that regulating disorderly competition between enterprises and managing capacity in key industries has improved the balance between supply and demand, promoting positive changes in prices.
He also warned of ongoing challenges, including a challenging external environment with multiple uncertainties, excess supply over demand in the domestic market and difficulties faced by some companies.
However, he said, the fundamental factors underlying China's long-term economic growth remain unchanged.
According to Fu Linghui, thanks to the effectiveness of macro policies, further deepening of reform and opening up, and promoting domestic and international dual circulation of the economy, the economy is in a good position for sustainable and positive development.
He added that through the implementation of special measures to stimulate consumption, the optimization of exchange programs for old consumer goods for new ones, and the introduction of livelihood policies, including child care subsidies and free pre-school education, the population's consumption capacity and readiness are expected to be strengthened.
"The upcoming Mid-Autumn Festival and National Day holidays will further stimulate holiday spending, and consumption is expected to continue to grow in both scale and quality," he said.
Regarding the next stage, Fu Linghui expressed confidence that the implementation of a more proactive fiscal policy and moderately loose monetary policy will enhance policy effectiveness and provide strong support for sustainable economic growth. -0-
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