AI Data Insight
Latest data shows that in Q4 2025, China's secondary industry GDP was reported at 13.68 trillion RMB. Although hitting a record high, the year-on-year increase was only 0.89%, indicating nominal growth momentum is far below the official 5% real economic growth target. While high-tech manufacturing and exports supported output expansion, hit by the double whammy of a deep plunge in real estate investment (-17.2%) and continued negative growth in the Producer Price Index (PPI), the overall situation presents structural fatigue characterized by "increasing volume but falling prices."