2025年，国家持续健全粮食生产支持政策体系，启动实施中央统筹下的粮食产销区省际横向利益补偿， 充分调动农民种粮和地方抓粮积极性。各地严格落实粮食安全党政同责，强化耕地保护和质量提升，多 措并举稳定粮食播种面积，进一步扩大粮食单产提升工程实施规模，全年粮食实现增产丰收。全国粮食 产量14297.5亿斤，比上年增加167.5亿斤，增长1.2%，连续两年稳定在1.4万亿斤以上。全国粮食播种面 积17.91亿亩，比上年增加134.8万亩，增长0.1%，连续六年保持增长。全国粮食单产399.1公斤/亩，比 上年增加4.4公斤/亩，增长1.1%。 分季节看，2025年，全国夏粮产量2994.9亿斤，比上年减少2.9亿斤，下降0.1%，总体保持稳定;早稻产 量570.3亿斤，增加6.8亿斤，增长1.2%;秋粮产量10732.3亿斤，增加163.6亿斤，增长1.5%。 分品种看，玉米、稻谷产量有所增加，小麦产量基本持平;豆类、薯类产量稳中有增。2025年，全国谷 物产量13204.1亿斤，比上年增加158.4亿斤，增长1.2%。其中，玉米产量6024.7亿斤，增加126.4亿斤， 增长2.1%，是粮食增产的主要因素;稻谷产 ...

Group 1 - The overall economic operation is stable, with employment and livelihood guarantees being solid, and residents' income growing in sync with economic growth in 2025 [1] Group 2 - In 2025, the national per capita disposable income reached 43,377 yuan, a nominal increase of 5.0%, with a real growth of 5.0% after adjusting for price factors [2] - Urban residents' per capita disposable income was 56,502 yuan, nominally increasing by 4.3%, while rural residents' per capita disposable income was 24,456 yuan, with a nominal increase of 5.8% [2] - The income gap between urban and rural residents narrowed, with the ratio decreasing from 2.34 to 2.31 [2] Group 3 - Wage income, operating net income, and transfer net income were the main supporting factors for income growth, with per capita wage income at 24,555 yuan, a nominal increase of 5.3% [3] - Per capita operating net income was 7,252 yuan, with a nominal growth of 5.0%, and per capita transfer net income reached 8,080 yuan, increasing by 5.7% [3] - The growth in third industry operating net income was significant, with a 7.0% increase, and rural residents' income from third industry activities grew by 9.8% [3] Group 4 - In 2025, the national per capita consumption expenditure was 29,476 yuan, with a nominal increase of 4.4% and a real growth of 4.4% [4] - Urban residents' per capita consumption expenditure was 35,869 yuan, increasing by 3.8%, while rural residents' per capita consumption expenditure was 20,259 yuan, with a nominal increase of 5.1% [4] Group 5 - Expenditures on living goods and services, transportation and communication, education, culture, and entertainment saw rapid growth, with significant increases in household appliances and transportation tools [5] - Per capita spending on education and cultural entertainment grew by 9.4%, while spending on other goods and services increased by 11.2% [5] - Despite overall stable growth in income and consumption, there are pressures on income growth and a slowdown in consumption expenditure growth [5]

Group 1 - The core viewpoint is that by 2025, China's population will remain large, with a rich labor resource and improved population quality, which will provide a solid demographic support for high-quality economic and social development [1] Group 2 - By the end of 2025, the total population of China is projected to be 1,404.89 million, with a birth rate of 7.92 million and a death rate of 11.31 million, resulting in a year-on-year population decrease of 3.39 million [2] - China's population still exceeds the total population of all developed countries combined, providing a vast market for high-quality development and significant production and consumption potential [2] Group 3 - By the end of 2025, the population aged 16-59 will be 851.36 million, indicating a rich labor resource, while the population aged 60 and above will be 323.38 million, with 22.36 million aged 65 and above, showing an increase of 13.07 million and 3.42 million respectively from the previous year [3] - The labor force aged 15-64 will be 968.48 million, accounting for 68.9% of the total population, positioning China among the top globally in terms of labor resources [3] Group 4 - The average years of education for the population aged 16-59 will reach 11.3 years by 2025, an increase of 0.1 years from the previous year, while the per capita life expectancy is projected to be 79 years, continuing to rise steadily [4] - The total number of R&D personnel will reach 10.797 million, indicating a shift from a quantity-based demographic dividend to a quality-based talent dividend, which will support high-quality economic and social development during the 14th Five-Year Plan period [4] Group 5 - By the end of 2025, the urban resident population will be 953.80 million, an increase of 10.30 million from 2024, with an urbanization rate of 67.89%, up by 0.89 percentage points from the previous year [5] - The steady progress of new urbanization and coordinated urban-rural development will help expand domestic demand and improve living standards [5] - Various regions and departments are focusing on improving fertility support policies, establishing childcare subsidy systems, and expanding quality education resources, which will promote balanced population development and comprehensive human development [5]

Group 1 - In 2025, China's energy supply continues to grow steadily, supporting stable economic and social operations, with record production levels in coal, oil, gas, and electricity [1][2] - The energy supply security foundation is being strengthened, with coal production reaching 4.83 billion tons, an increase of 1.2% year-on-year, and oil production at 21.6 million tons, up 1.5% [2] - Natural gas production also increased to 261.9 billion cubic meters, marking a 6.2% year-on-year growth [2] Group 2 - Electricity generation in 2025 reached 97,159 billion kilowatt-hours, a 2.2% increase from the previous year, with significant growth in renewable energy sources [3] - Wind power generation grew by 9.7% to 10,531 billion kilowatt-hours, while solar power saw a remarkable increase of 24.4% to 5,726 billion kilowatt-hours [3] Group 3 - The construction of clean energy is accelerating, with renewable energy capacity surpassing that of coal-fired power for the first time, and new energy storage capacity exceeding 100 million kilowatts [4] - Clean energy sources accounted for 35.2% of total industrial electricity generation, an increase of 2.1 percentage points year-on-year [4] Group 4 - Under the "dual carbon" goals, China's energy structure is optimizing, with non-fossil energy consumption rising to become the second-largest energy type, surpassing oil [5] - Total energy consumption is projected to grow by 3.5% in 2025, with a reduction of over 5% in energy consumption per unit of GDP [5]

Economic Overview - In 2025, China's GDP reached 140 trillion yuan, marking a 5.0% increase from the previous year, with a stable urban unemployment rate of 5.2% and foreign exchange reserves exceeding 3.3 trillion USD [5][6][9] - The contribution of final consumption expenditure to economic growth was over 52%, indicating a strong consumer market [18][27] High-Quality Development - The proportion of high-tech manufacturing value added in total industrial value added rose to 17.1%, with a notable increase in the contribution of final consumption to economic growth [6][12] - The R&D expenditure intensity reached 2.8%, surpassing the OECD average for the first time, and China's innovation index entered the global top ten [7][22] Industrial Production - The industrial added value reached 41.7 trillion yuan, growing by 5.8%, with manufacturing value added at 34.7 trillion yuan, reflecting a stable industrial base [39] - The growth rates for high-tech and equipment manufacturing industries were 9.4% and 9.2%, respectively, indicating a shift towards higher value-added production [39][40] Consumer Market Dynamics - The total retail sales of consumer goods exceeded 50 trillion yuan, growing by 3.7%, with service retail sales increasing by 5.5%, highlighting a shift towards service consumption [27][28] - Online retail sales grew by 8.6%, with e-commerce and new retail models contributing significantly to consumer spending [28][29] Policy Impact - The implementation of proactive macroeconomic policies, including the promotion of consumption and investment, effectively supported economic stability and growth [55][56] - The "Two New" policies and the promotion of high-quality development have led to significant improvements in service consumption and industrial output [55][56] Future Outlook - Despite challenges, the long-term positive trend of China's economy remains intact, supported by strong fundamentals and ongoing reforms [32][35] - The focus on innovation and the integration of new technologies are expected to drive future economic growth and enhance productivity [22][56]

Economic Overview - In 2025, China's GDP is projected to exceed 140 trillion yuan, reaching 1401879 billion yuan, with a year-on-year growth of 5.0% [2] - The contribution rates to economic growth from various sectors are: primary industry at 5.8%, secondary industry at 32.8%, and tertiary industry at 61.4% [2] Sector Performance - Agricultural production is stable, with an increase in the value added of agriculture, forestry, animal husbandry, and fishery by 4.1%, contributing 0.3 percentage points to economic growth [3] - Industrial growth is robust, with a year-on-year increase of 5.8%, contributing 1.7 percentage points to economic growth, while manufacturing increased by 6.1% [3] - The service sector shows strong support, with information transmission, software, and IT services growing by 11.1% and leasing and business services by 10.3%, together contributing 1.0 percentage points to economic growth [3] Domestic Demand and Trade - Final consumption expenditure contributed 52.0% to economic growth in 2025, with a higher contribution of 52.9% in the fourth quarter [5] - Capital formation contributed 15.3% to economic growth in 2025, with 16.0% in the fourth quarter [5] - Net exports showed resilience, contributing 32.7% to economic growth in 2025, with 31.1% in the fourth quarter [5] High-Quality Development - The digital economy is thriving, with a year-on-year revenue growth of 11.9% in the information transmission, software, and IT services sector [7] - The value added of equipment manufacturing and high-tech manufacturing increased by 9.2% and 9.4% respectively, outpacing overall industrial growth [7] - Investment in high-tech services grew by 3.5%, exceeding the overall fixed asset investment growth rate [7]

Core Insights - The consumption market in China is expected to continue expanding and upgrading, driven by policies aimed at boosting consumption and improving people's livelihoods in 2025 [1] Group 1: Consumption Scale and Growth - The total retail sales of consumer goods are projected to exceed 50 trillion yuan, reaching 50,120.2 billion yuan, with a year-on-year growth of 3.7%, accelerating by 0.2 percentage points compared to the previous year [2] - Retail sales in rural areas are growing faster than in urban areas, with rural retail sales increasing by 4.1%, outpacing urban growth of 3.6% by 0.5 percentage points [2] - The county and township market's share of total retail sales is expected to be 38.7% in 2025, indicating a steady release of consumption potential in these areas [2] Group 2: Service Retail Growth - Service retail is anticipated to grow by 5.5%, with an acceleration of 0.3 percentage points compared to the previous year, outpacing goods retail growth by 1.7 percentage points [3] - The film industry is experiencing significant growth, with box office revenue reaching 51.83 billion yuan, a 21.7% increase from the previous year [3] - New service models such as online consultations and training are thriving, contributing to a continued rapid growth in information consumption [3] Group 3: Sales of Upgraded and Replacement Goods - The "trade-in" policy is showing positive effects, with retail sales of goods in key units increasing by 3.4%, an acceleration of 0.7 percentage points from the previous year [4] - Retail sales of communication equipment and cultural office supplies have surged by 20.9% and 17.3%, respectively, with furniture sales growing by 14.6% [4] - The retail volume of new energy passenger vehicles reached 12.809 million units, marking a 17.6% increase, with a penetration rate of 53.9%, up by 6.3 percentage points [4] Group 4: New Consumption Models and Trends - Online retail sales are expected to grow by 8.6%, with physical goods online retail increasing by 5.2%, contributing 1.3 percentage points to total retail sales [5] - The live-streaming e-commerce sector is thriving, with transaction volumes increasing by 11.3%, while instant delivery services are rapidly developing to meet consumer demands [5] - Physical retail stores are also seeing growth, with retail sales in key units increasing by 1.7%, driven by new business models that cater to quality and personalized consumer needs [5]

Group 1 - In 2025, the national pig output reached 71.973 million heads, an increase of 1.716 million heads, representing a growth of 2.4% compared to the previous year [1] - By the end of 2025, the national pig inventory stood at 42.967 million heads, which is an increase of 0.224 million heads, reflecting a growth of 0.5% year-on-year [1] - The breeding sow inventory was recorded at 3.961 million heads, a decrease of 0.116 million heads, indicating a decline of 2.9%, currently at 101.6% of the normal holding level [1]

Group 1: Resident Income Situation - In 2025, the national per capita disposable income reached 43,377 yuan, representing a nominal growth of 5.0%, with a real growth of 5.0% after adjusting for price factors [1] - Urban residents had a per capita disposable income of 56,502 yuan, growing by 4.3% nominally and 4.2% in real terms; rural residents saw a per capita disposable income of 24,456 yuan, with a nominal growth of 5.8% and a real growth of 6.0% [1] - The per capita wage income was 24,555 yuan, increasing by 5.3%, accounting for 56.6% of the per capita disposable income; net operating income was 7,252 yuan, growing by 5.0%, making up 16.7% of the total [1] - The median per capita disposable income was 36,231 yuan, with a growth of 4.4%, and the median is 83.5% of the average; urban median was 51,115 yuan (3.7% growth) and rural median was 20,711 yuan (5.6% growth) [1] Group 2: Resident Consumption Expenditure Situation - In 2025, the national per capita consumption expenditure was 29,476 yuan, with a nominal growth of 4.4% and a real growth of 4.4% [2] - Urban residents had a per capita consumption expenditure of 35,869 yuan, growing by 3.8% nominally and 3.7% in real terms; rural residents had a per capita consumption expenditure of 20,259 yuan, with a nominal growth of 5.1% and a real growth of 5.3% [2] - Per capita expenditure on food, tobacco, and alcohol was 8,631 yuan, growing by 2.6%, accounting for 29.3% of total consumption expenditure; clothing expenditure was 1,554 yuan (2.2% growth), making up 5.3% [2] - Expenditure on education, culture, and entertainment grew by 9.4% to 3,489 yuan, representing 11.8% of total consumption expenditure [2]

Economic Overview - In 2025, China's GDP reached 14,018.79 billion yuan, growing by 5.0% year-on-year at constant prices [1] - The GDP growth rates by quarter were 5.4% in Q1, 5.2% in Q2, 4.8% in Q3, and 4.5% in Q4, with a quarter-on-quarter growth of 1.2% in Q4 [1] Agriculture - National grain production totaled 714.88 million tons, an increase of 8.38 million tons or 1.2% from the previous year [2] - The total meat production reached 100.72 million tons, marking a 4.2% increase, with pork production at 59.38 million tons, up 4.1% [2] Industrial Production - The industrial added value for large-scale enterprises grew by 5.9% year-on-year [3] - High-tech manufacturing and equipment manufacturing saw significant growth, with increases of 9.4% and 9.2% respectively [3] - The profit of large-scale industrial enterprises totaled 66,269 billion yuan, a slight increase of 0.1% year-on-year [3] Services Sector - The service sector's added value increased by 5.4% year-on-year [4] - Key areas such as information technology services and business services experienced growth rates of 11.1% and 10.3% respectively [5] Retail and Consumption - Total retail sales of consumer goods reached 501.202 billion yuan, growing by 3.7% year-on-year [6] - Online retail sales amounted to 159.722 billion yuan, an increase of 8.6% from the previous year [6] Investment - Total fixed asset investment (excluding rural households) was 485.186 billion yuan, a decrease of 3.8% year-on-year [7] - Manufacturing investment grew by 0.6%, while real estate investment saw a significant decline of 17.2% [7] Trade - Total import and export value reached 454.687 billion yuan, growing by 3.8% year-on-year, with exports increasing by 6.1% [8] Employment and Income - The average urban unemployment rate was 5.2%, with a December rate of 5.1% [11] - The per capita disposable income for residents was 43,377 yuan, reflecting a nominal growth of 5.0% [12] Population and Urbanization - The total population decreased by 3.39 million to 1,404.89 million, with an urbanization rate of 67.89%, up by 0.89 percentage points [13][14]