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The report points out that China's real GDP will grow by 5% in 2024, of which the growth rate in the fourth quarter will exceed expectations and rise to 5.4%, making a decisive contribution to the smooth realization of the economic growth target of "around 5%" throughout the year. Benefiting from the effect of the previous package of incremental policies, residents' consumption and local government investment in the fourth quarter stopped falling and rebounded, while exports remained strong driven by the "scramble for exports" activities of foreign trade enterprises. It is expected that the above supporting factors will continue to drive the sustained economic recovery in the first quarter of 2025.

China Economic Monitor: 2025 Q1

KPMG China today released Q1 edition of the 2025 China Economic Monitor.

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China Economic Monitor

Quarterly review of China’s economic trends and developments

Cautious optimism backed by strategic planning (24-31 characters/row, depends on the word)

Chinese new energy enterprises are actively expanding into overseas markets in the Middle East.

The development of AI is accelerating, placing the real estate and building construction sector at a pivotal turning point.

Amid global economic and geopolitical upheaval, Hong Kong is capitalising on its position as a trusted international financial centre

On February 26, 2025, the European Commission released an Omnibus package of proposals which aims to simplify a series of laws and regulations.

We help clients harness the power and potential of AI. From strategy to implementation. Small steps to solving seemingly impenetrable problems. Underpinned by trust. You can find endless opportunities with AI.

We are keen on providing a more open platform for enterprises in the field of intelligent manufacturing. At the same time, we encourage all parties to adopt a collaborative approach to address the opportunities and challenges brought about by digital transformation.

The consumption of health products continues to upgrade, and the dividends of the related new medical regulation policies are gradually released. The biomedical technology industry is rapidly developing from the high-tech industry with the most development potential into a high-tech pillar industry.

Cautious optimism backed by strategic planning (34-46 characters/row, depends on the word)

Chinese new energy enterprises are actively expanding into overseas markets in the Middle East.

The development of AI is accelerating, placing the real estate and building construction sector at a pivotal turning point.

Amid global economic and geopolitical upheaval, Hong Kong is capitalising on its position as a trusted international financial centre

On February 26, 2025, the European Commission released an Omnibus package of proposals which aims to simplify a series of laws and regulations.

We help clients harness the power and potential of AI. From strategy to implementation. Small steps to solving seemingly impenetrable problems. Underpinned by trust. You can find endless opportunities with AI.

We are keen on providing a more open platform for enterprises in the field of intelligent manufacturing. At the same time, we encourage all parties to adopt a collaborative approach to address the opportunities and challenges brought about by digital transformation.

The consumption of health products continues to upgrade, and the dividends of the related new medical regulation policies are gradually released. The biomedical technology industry is rapidly developing from the high-tech industry with the most development potential into a high-tech pillar industry.