2025 is shaping up to be a turning point for China's economy, with several key indicators flashing warning signals. Fixed-asset investment has swung into negative territory for the first time since 1996—a sobering shift after nearly three decades of consistent growth. Fourth-quarter GDP expansion slowed to just 4.5%, marking the weakest performance in almost three years. Meanwhile, demographic pressures are intensifying, with birth rates hitting record lows. These macroeconomic crosscurrents paint a picture of structural headwinds: aging populations, investment pullbacks, and cooling growth momentum. For crypto market participants tracking global economic cycles, this slowdown in major economies typically signals shifting liquidity patterns and risk appetite recalibrations across asset classes. Worth monitoring how central banks and policymakers respond to sustain growth.