China Macroeconomic Review Q1’FY25 – The Red Rebound: China’s Strategic Pivot Begins

Highlights of the report

Industrial production grew by 6.2% in December 2024, bolstered by front-loading of exports ahead of anticipated tariffs and government-led equipment upgrade initiatives.

Macro Trends China FY24

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 China’s economy demonstrated a stronger-than-anticipated performance in  Q1’2025, with GDP expanding by 5.4% year-on-year, surpassing projections and signaling resilience amid ongoing structural challenges and global headwinds.

China’s exports totaled RMB 6.13tn ($827.7bn) in Q1, marking a 6.9% year-on-year increase. Notably, exports of self-developed products rose by 10.2%, constituting 22.8% of total exports.

China’s economy demonstrated a stronger-than- anticipated performance in Q1’2025, with GDP expanding by 5.4% year-on-year, surpassing projections and signaling resilience amid ongoing structural challenges and global headwinds.

 Executive Summary
• Macro Economic Update
– Global 
• Macro-Economic Performance
– China
• Equity Market Performance
– Global
– China
• Debt Market Indicators
– China

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China Macroeconomic Review Q1’FY25 – The Red Rebound: China’s Strategic Pivot Begins

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