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Chine : la continuité dans le changement

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  • Elliot Aurissergues

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

L'année 2025 a été marquée par un léger ralentissement de l'activité marchande en Chine. La croissance du PIB hors activités non marchandes serait passée de 5,2 % en 2024 à 5 % en 2025. Ce ralentissement s'explique principalement par un investissement moins dynamique, dont la contribution à l'activité marchande serait passée de 1,3 point en 2024 à 1 point en 2025 (soit des contributions au PIB de 1,1 et 0,8 point respectivement). L'accumulation de surcapacités dans certains secteurs industriels a en effet poussé les autorités à lancer une campagne « anti-involution ». Cette dernière consiste à demander aux gouvernements provinciaux et locaux de freiner la création de nouvelles usines en l'absence de débouchés clairs pour la production. [Premier paragraphe]

Suggested Citation

  • Elliot Aurissergues, 2026. "Chine : la continuité dans le changement," Sciences Po Economics Publications (main) hal-05707596, HAL.
    • Handle: RePEc:hal:spmain:hal-05707596
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-05707596v1
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