2025年，房地产开发企业房屋施工面积659890万平方米，比上年下降10.0%。其中，住宅施工面积460123万平方米，下降10.3%。房屋新开工面积58770万平 方米，下降20.4%。其中，住宅新开工面积42984万平方米，下降19.8%。房屋竣工面积60348万平方米，下降18.1%。其中，住宅竣工面积42830万平方米， 下降20.2%。 国家统计局数据显示，2025年全年全国固定资产投资（不含农户）485186亿元，比上年下降3.8%；扣除房地产开发投资，全国固定资产投资下降0.5%。分 领域看，基础设施投资下降2.2%，制造业投资增长0.6%，房地产开发投资下降17.2%。全国新建商品房销售面积88101万平方米，下降8.7%；新建商品房销 售额83937亿元，下降12.6%。分产业看，第一产业投资增长2.3%，第二产业投资增长2.5%，第三产业投资下降7.4%。民间投资下降6.4%；扣除房地产开发 投资，民间投资下降1.9%。高技术产业中，信息服务业，航空、航天器及设备制造业投资分别增长28.4%、16.9%。12月份，固定资产投资（不含农户）环 比下降1.13%。 2025年全国房地产市场基 ...

Group 1: Production Overview - In December, the production of raw coal and crude oil in large-scale industries remained stable, while natural gas production showed steady growth and electricity production continued to increase [1] - The raw coal output in December was 440 million tons, a year-on-year decrease of 1.0%, with an average daily output of 14.1 million tons. For the entire year, the raw coal output was 4.83 billion tons, a year-on-year increase of 1.2% [2] - The crude oil output for the year was 21.605 million tons, reflecting a year-on-year increase of 1.5%. In December, the crude oil processing volume was 62.46 million tons, a year-on-year increase of 5.0%, with an average daily processing volume of 2.015 million tons [4] - Natural gas production in December reached 23 billion cubic meters, a year-on-year increase of 5.1%, with an average daily output of 740 million cubic meters. The total natural gas output for the year was 261.9 billion cubic meters, a year-on-year increase of 6.2% [8] Group 2: Electricity Production - The electricity production in large-scale industries maintained growth, with December's generation reaching 858.6 billion kilowatt-hours, a year-on-year increase of 0.1%, and an average daily generation of 27.7 billion kilowatt-hours. The total electricity generation for the year was 9.7159 trillion kilowatt-hours, a year-on-year increase of 2.2% [10] - In December, the decline in thermal power generation narrowed, while the growth rates of hydropower, nuclear power, wind power, and solar power slowed. Specifically, thermal power decreased by 3.2% year-on-year, hydropower increased by 4.1% (growth rate slowed by 13.0 percentage points), nuclear power increased by 3.1% (slowed by 1.6 percentage points), wind power increased by 8.9% (slowed by 13.1 percentage points), and solar power increased by 18.2% (slowed by 5.2 percentage points) [11]

（文章来源：国家统计局） 国家统计局：2025年12月原煤产量43703万吨，同比减少1.0%，环比增长2.4%；1-12月产量为483178万 吨，同比增长1.2%。2025年12月焦炭产量4274万吨，同比增长1.9%，环比增长2.5%；1-12月产量为 50412万吨，同比增长2.9%。2025年12月水泥产量14416万吨，同比减少6.6%，环比减少6.6%；1-12月 产量为169314万吨，同比减少6.9%。 ...

（文章来源：国家统计局） 国家统计局：2025年12月钢材产量11531万吨，同比减少3.8%，环比减少0.5%；1-12月产量为144612万 吨，同比增长3.1%。 ...

国家统计局：2025年12月原油产量1780万吨，同比减少0.6%，环比增长1%；1-12月产量为21605万吨， 同比增长1.5%。 （文章来源：国家统计局） ...

Core Viewpoint - In 2025, China's fixed asset investment (excluding rural households) is projected to be 48,518.6 billion yuan, representing a decline of 3.8% compared to the previous year [1][4]. Investment by Sector - Investment in the primary industry reached 957 billion yuan, showing a growth of 2.3% year-on-year [3][4]. - Investment in the secondary industry totaled 177,368 billion yuan, with a growth of 2.5% [3][4]. - Investment in the tertiary industry was 298,248 billion yuan, reflecting a decline of 7.4% [3][4]. Secondary Industry Breakdown - Industrial investment in the secondary industry increased by 2.6% year-on-year [3]. - Mining investment grew by 2.5%, while manufacturing investment saw a modest increase of 0.6% [3]. - Investment in the electricity, heat, gas, and water production and supply industry surged by 9.1% [3]. Tertiary Industry Breakdown - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) decreased by 2.2% [3]. - Notable growth was observed in pipeline transportation (36.0%), multimodal transport and agency services (22.9%), and water transportation (7.7%) [3]. Regional Investment Trends - Investment in the eastern region declined by 8.4% year-on-year [3]. - The central region experienced a decrease of 2.7%, while the western region saw a decline of 1.3% [3]. - The northeastern region faced the most significant drop at 15.5% [3]. Investment by Registration Type - Domestic enterprises' fixed asset investment fell by 3.8% [4]. - Investment from Hong Kong, Macau, and Taiwan enterprises decreased by 2.2% [4]. - Foreign enterprises experienced a substantial decline of 13.8% in fixed asset investment [4].

Core Viewpoint - The production of flat glass in December 2025 is projected to reach 88.29 million weight cases, representing a year-on-year increase of 3.4% and a month-on-month increase of 8.2% [1] Summary by Relevant Categories Production Data - The total production for the year 2025 is expected to be 97.591 million weight cases, which indicates a year-on-year decrease of 3.0% [1]

国家统计局初步核算，2025年全年国内生产总值1401879亿元，按不变价格计算，比上年增长5.0%。分产业看，第一产业增加值93347亿元，比上年增长 3.9%；第二产业增加值499653亿元，增长4.5%；第三产业增加值808879亿元，增长5.4%。分季度看，一季度国内生产总值同比增长5.4%，二季度增长 5.2%，三季度增长4.8%，四季度增长4.5%。从环比看，四季度国内生产总值增长1.2%。 2025年经济发展向新向优 预期目标圆满实现 2025年，面对国内外经济环境的复杂变化，在以习近平同志为核心的党中央坚强领导下，各地区各部门深入贯彻落实党中央、国务院决策部署，坚定不移贯 彻新发展理念、推动高质量发展，统筹国内国际两个大局，统筹发展和安全，实施更加积极有为的宏观政策，纵深推进全国统一大市场建设，国民经济运行 顶压前行、向新向优，高质量发展取得新成效，经济社会发展主要目标任务圆满实现，"十四五"胜利收官。 初步核算，全年国内生产总值1401879亿元，按不变价格计算，比上年增长5.0%。分产业看，第一产业增加值93347亿元，比上年增长3.9%；第二产业增加 值499653亿元，增长4.5%；第 ...

国家统计局：2025年，全国房地产开发投资82788亿元，比上年下降17.2%；其中，住宅投资63514亿 元，下降16.3%。 ...

国家统计局：2025年，全国居民人均可支配收入43377元，比上年名义增长5.0%，扣除价格因素，实际 增长5.0%。分城乡看，城镇居民人均可支配收入56502元，增长（以下如无特别说明，均为同比名义增 长）4.3%，扣除价格因素，实际增长4.2%；农村居民人均可支配收入24456元，增长5.8%，扣除价格因 素，实际增长6.0%。 ...