Recent Developments in the Chinese Economy and Global Competition

Global Haber Gündemi @global_haber_gundemi
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Recent developments in the Chinese economy are noteworthy. The National Bureau of Statistics has released data for January-February 2025.

Retail sales increased by 4% compared to the same period last year. However, this increase fell short of expectations. Weak domestic demand has been a significant factor affecting this situation.

Industrial production showed an annual increase of 5.9%. However, this also indicates a slowdown compared to previous months. This slowdown in China's industrial production highlights the effects of global competition.

The contraction in the real estate sector continues. This process, which began after the COVID-19 pandemic, is among the factors negatively affecting economic growth.

The unemployment rate has risen to 5.4%. This situation once again highlights the challenges faced by the Chinese economy.

The government has set a growth target of around 5% for 2025. It announced that it would take measures to stimulate consumption and domestic demand.