China hits GDP target, but growth is uneven
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China’s economy expanded by 5% in 2025 – bang on target. But digging into the details, things look less rosy:
GDP throughout Q4 grew by 4.5% y/y, the slowest quarterly growth rate since the pandemic. Meanwhile, in nominal terms – which incorporates price effects – Q4 GDP grew 3.8% y/y, marking the ...