AI Data Insight
In 2025, the share of China's secondary industry in GDP plummeted from the previous 38.6% to 32.8%, marking a historic decline. This structural shift was primarily driven by a full-year 17.2% drop in real estate development investment, which dragged down construction output, combined with a 2.6% decline in the Producer Price Index (PPI) that caused nominal output to shrink severely. This indicates the economy is accelerating the shift from "virtual to real" and tilting towards the service sector, though the growing pains are intense.