AI Data Insight
According to the latest data, the contribution of China's secondary industry to GDP growth in 2025 slipped to 1.6 percentage points, contracting further from 1.9 in 2024. Although high-tech manufacturing sectors such as electric vehicles and AI performed strongly, they struggled to fully make up for the shortfall caused by the slump in real estate construction activity, indicating that the pains of economic structural transformation persist. The market is now focusing on whether fiscal stimulus in 2026 can effectively establish a bottom.