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Is China Really Growing at 5 Percent?

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Abstract

Chinese authorities recently announced a growth target of "around 5 percent" for 2025, the same as their 2024 target. Five percent is about half the pace of growth that China sustained from the 1980s to the early 2010s, but it is nonetheless quite high for an economy flirting with deflation and mired in a years-long property bust.

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  • William Barcelona & Danilo Cascaldi-Garcia & Jasper Hoek & Eva Van Leemput, 2025. "Is China Really Growing at 5 Percent?," FEDS Notes 2025-06-06-4, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2025-06-06-4
    DOI: 10.17016/2380-7172.3784
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