The Chinese economy exceeded analysts' expectations by achieving a GDP growth of 5.4 percent year-over-year in the first quarter of 2025. This result surpasses both the "around 5 percent" growth target set for the entire year and economists' forecasts,

China’s economy grew by 5.4% in the first quarter, surpassing analysts’ expectations. Other key economic data has also topped estimates, suggesting the stimulus measures have been effective in bolstering the world’s second-largest economy.

Several investment banks have moved to slash China’s growth forecasts this year, with most doubting Beijing can achieve the official target of “around 5%” this year.