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Qatar Tribune
15-07-2025
- Business
- Qatar Tribune
China's GDP expands 5.3% in first half of 2025
QNA Beijing China's gross domestic product (GDP) grew 5.3 percent year on year in the first half of 2025. Data from the National Bureau of Statistics (NBS) showed in a statement on Tuesday that China's GDP reached around 66.05 trillion yuan (about 9.24 trillion US dollars) in the first half In the second quarter, the country's GDP expanded 5.2 percent year on year, according to the NBS. The country's crude oil output increased 1.3 percent year on year to 108.48 million tonnes in the first half of 2025, according to the NBS. NBS data also showed that China's raw coal output rose 5.4 percent year on year to 2.4 billion tonnes in the first six months of this year. The tertiary industry expanded 5.5 percent year on year in the first half, outpacing a 3.7 percent increase in the primary industry and a 5.3 percent increase in the second industry. In the first six months of 2024, China's industrial output increased by 6.4 percent compared to the same period last year, with equipment manufacturing and high-tech manufacturing sectors posting rapid growth. Retail sales and domestic consumption also showed positive signs.
Qatar Tribune
25-06-2025
- Business
- Qatar Tribune
Minister of Finance participates in AIIB Governors' roundtable in Beijing
QNA Beijing Minister of Finance HE Ali bin Ahmed Al Kuwari participated in the Governors' Business Roundtable held as part of the 2025 annual meeting of the Asian Infrastructure Investment Bank (AIIB), taking place currently in Beijing. During his speech, the minister of finance stressed the importance of the bank maintaining its client-focused approach and called for greater coordination to accelerate the implementation of development projects that promote regional integration and cross-border infrastructure connectivity. The roundtable aimed to discuss the role of the AIIB over its first decade, evaluating the extent to which it has met Governors' expectations as a multilateral development bank. Participants also explored ways to enhance the Bank's role in the coming years by scaling up investments, mobilising private capital, and strengthening cooperation with other development institutions.
