China's economy exhibited stable growth in July, buoyed by significant advancements in high-tech sectors and robust service activities. This positive performance was largely attributed to effective policy measures and a noticeable rise in retail sales, suggesting promising prospects for the forthcoming months.

Looking ahead to the remainder of 2025, Fu Linghui, spokesperson for the National Bureau of Statistics (NBS), indicated that increasing market demand, the emergence of new quality productive forces, and sound macroeconomic policies will support China's economic expansion, even as external challenges persist.

Fu also highlighted that favorable conditions for the growth of China's exports are expected to persist throughout the year, reinforcing confidence in the nation's trade capabilities.

The encouraging performance of various industrial sectors during the first seven months of 2025 underscores this growth. Data from the NBS reveals that the added value of large industrial enterprises climbed by 6.3 percent year-on-year from January to July, with a notable 5.7 percent rise in July compared to the previous year.

Particularly striking was the increase in the equipment manufacturing sector, which recorded an 8.4 percent year-on-year growth in July, while high-tech manufacturing soared by 9.3 percent. This reflects the accelerating digital and intelligent transformation of industries, which is propelling the growth of emerging sectors.

From January to July, the production of digital products and equipment, along with intelligent unmanned aircraft, has seen rapid growth, showcasing the industry's modernization efforts. The rising application of large AI models has further intensified the demand for computing power, leading to a significant rise in server production.

In addition to manufacturing, the services sector also expanded significantly in July. The Index of Services Production rose by 5.8 percent year-on-year, with notable growth in information transmission, software and information technology services, finance, and leasing and business services, which saw growth rates of 11.9 percent, 8.7 percent, and 8.0 percent, respectively.

Moreover, the Business Activity Index for sectors like railway transportation, air transportation, postal services, and culture, sports, and recreation remained exceptionally high, exceeding 60 percent, according to the NBS.

Overall, retail sales displayed continued growth, with total retail sales of consumer goods reaching 3.878 trillion yuan, or approximately 540 billion dollars, representing a 3.7 percent year-on-year increase.

In conclusion, Fu Linghui emphasized that July's economic stability was a result of effective government macroeconomic policies, which allowed the national economy to navigate through a complex external environment and the adverse impact of extreme weather conditions, showcasing the economy's resilience and vitality.

This performance reflects China's commitment to innovation and economic reform, positioning itself well for future growth in an increasingly competitive global landscape.