China posts resilient H1 growth as 15th Five-Year Plan gets underway

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. Tourists take photos at Lujiazui area in east China's Shanghai, July 10, 2026. /VCG While geopolitical tensions and trade frictions continue to weigh on the global economy, China posted steady growth in the first half (H1) of 2026, demonstrating solid resilience as the world's second-largest economy embarked on its 15th Five-Year Plan (2026-2030). The country's gross domestic product (GDP) grew 4.7% year on year in the first six months, data from the National Bureau of Statistics (NBS) showed on Wednesday. In the second quarter, its GDP expanded 4.3% year on year. The Chinese economy has "operated within an appropriate range against pressure," continuing to demonstrate strong resilience, the NBS said in a statement, pointing to bright spots such as robust growth in production and supply, stable employment and rapid expansion in new growth drivers. China's GDP grew 5% year on year in the first quarter. The country has targeted 2026 growth at 4.5 to 5% and will strive for better in practice.

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