China’s Two-Speed Economy – The Wire China

By Noah Berman

— October 21, 2025

Factory workers manufacture solar panels at an Eoplly New Energy Technology Co., Ltd. plant in Nantong, Jiangsu, China. Credit: ChinaImages via Depositphotos

China’s economy may still be on course to meet the government’s growth target this year, but a look behind the headline figures illustrates just how ‘two-speed’ in nature that growth has become.

An excerpt from Xi Jinping’s speech on ‘New Quality Productive Forces’, November 12, 2024. Credit: Qiushi

The country recorded overall third quarter GDP growth of 4.8 percent year-on-year in the third quarter, meaning it should still expand by around 5 percent in 2025 — in line with

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Includes images from Depositphotos.com