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China economic focus January 2025: a challenging year ahead
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In the January 2025 China economic focus, we discuss the challenges facing the Chinese economy in 2025. Although China hit its GDP growth target of 5% in 2024, we believe that keeping growth at this pace will be challenging in 2025, with global trade sentiment deteriorating. The domestic market will lead the growth, in particular, household consumption and the new energy sector. Government stimulus packages will be the key driver for growth in this area. Property sales will improve while construction activity lags. Developers’ appetite for new projects will stay low until inventory levels tighten.
Table of contents
- Executive summary
- Escalating trade tensions with the US
- Accelerating consumption stimulus
- Could new energy sector beat expectations?
- L-shaped recovery for property sector
- Appendix
Tables and charts
This report includes the following images and tables:
- Key growth indicators 2023 vs 2024
- Tariff schedule on Chinese EVs
- Property sales of 20 cities
- Housing inventory
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- Industrial production and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- 1 more item(s)...
What's included
This report contains:
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