China's economy expanded by 5 percent in real terms in 2025. Guan Tao, global chief economist of BOCI China, told China Perspective that three highlights shaped the nation's economic performance in 2025: major economic indicators hit set targets; the macro narrative changed with technological advances and emerging consumption phenomena; and stock and foreign exchange markets proved resilient under intense external shocks.
In 2026, he added, China needs to continue reforms and strengthen macro policy support, which has positive implications for the global economy by boosting the country's demand for imported goods.
