China’s Ministry of Industry and Information Technology anticipates output from large industrial companies to rise by 5.9% in 2025 compared with the previous year, according to state broadcaster CCTV on Friday, December 26.
The ministry’s projection marks a modest acceleration from the 5.8% growth recorded in 2024 but falls short of the 6% expansion observed during the first eleven months of 2025, based on data from the National Bureau of Statistics.
Industrial output, which includes enterprises with annual revenues of at least $2.85 million, grew 4.8% in November—representing the slowest year-on-year monthly growth since August 2024.
Slowing macroeconomic momentum has led some analysts to urge government action to bolster domestic demand and address China’s ongoing property sector crisis, as well as to pivot the manufacturing sector away from a heavy dependence on exports.
Chinese leaders have recognized the importance of balancing supply and demand, and have pledged further fiscal policies to stimulate consumption and investment in the upcoming year.
