央广财评|中国经济“三季报”：韧性不减 活力强劲

Economic Growth - China's GDP for the first three quarters of 2025 reached 10,150.36 billion yuan, with a year-on-year growth of 5.2%, accelerating by 0.2 percentage points compared to the previous year and 0.4 percentage points compared to the same period last year, indicating stable economic growth [1] - The 5.2% growth rate positions China among the leading major economies globally, showcasing its role as a stable driving force for global economic growth [1] Innovation and High-tech Manufacturing - The added value of high-tech manufacturing in China increased by 9.6% year-on-year in the first three quarters, with significant growth in specific sectors: 3D printing equipment (40.5%), industrial robots (29.8%), and new energy vehicles (29.7%) [1] - The rise of domestic large models has led to explosive growth in the artificial intelligence industry, with sales revenue in integrated circuit manufacturing, robot manufacturing, and drone manufacturing increasing by 17%, 21.7%, and 69.8% respectively [1] Consumer Spending - Final consumption expenditure contributed 53.5% to economic growth in the first three quarters, an increase of 9.0 percentage points from the previous year, reinforcing its role as the main engine of economic growth [2] - Service consumption grew by 5.2% year-on-year, outpacing the growth of retail sales of goods, indicating an optimization in consumption structure alongside an expansion in consumption scale [2] Policy Support - Recent macroeconomic policies have been implemented to boost consumption, including measures to expand service consumption and the allocation of funds for replacing old consumer goods, which are expected to support stable economic performance in the fourth quarter [2]