China’s economic growth slowed to 4.5% in Q4 2025, the weakest in three years, due to falling consumption and investment.
Q4 Growth Slumps
China’s economic growth slowed to 4.5% in Q4 2025, down from the previous year, marking the weakest performance in three years.
This was driven by weakened consumption, with retail sales up only 0.9% in December—the lowest since December 2022.
Fixed asset investments also fell for the first time since comparable records began in 1996.
Annual Target Met
Despite the Q4 slowdown, China achieved the Communist Party’s 5% annual economic growth target for 2025.