新华全媒头条·2025中国经济回眸｜巩固稳的基础 激发进的动能——透视中国经济的韧性底气

Core Viewpoint - China's economy is expected to reach a total economic output of 140 trillion yuan in 2025, solidifying its position as the world's second-largest economy, with consumption playing a crucial role in driving growth [1][2]. Economic Stability - In the first three quarters of 2025, China's GDP grew by 5.2% year-on-year, an acceleration of 0.4 percentage points compared to the previous year [2]. - The urban unemployment rate in October was 5.1%, a decrease of 0.1 percentage points from the previous month, while the Consumer Price Index (CPI) rose by 0.2% year-on-year, indicating overall price stability [2]. - China's foreign exchange reserves reached $33,433 billion by the end of October, reflecting a historical high in import and export volumes [2]. Policy Measures - The Chinese government has implemented a series of policies aimed at stabilizing employment, businesses, markets, and expectations, which have shown positive effects on economic stability [3]. - Major financial institutions, including Goldman Sachs and Deutsche Bank, have raised their growth forecasts for China's economy, highlighting its resilience and contribution to global economic stability [3]. Innovation and Growth - Significant advancements in quantum computing and the establishment of a quantum technology industry ecosystem are emerging as new growth points for the economy [4][5]. - The manufacturing sector remains robust, with the added value of equipment manufacturing accounting for over 35% of industrial output, and the energy transition is accelerating with one-third of electricity coming from green sources [8]. Consumption and Market Dynamics - Recent policies aim to enhance the adaptability of supply and demand in consumer goods, promoting a virtuous cycle of consumption upgrade and industrial upgrade [9]. - The focus on creating a unified national market and reducing logistics costs is expected to further stimulate domestic consumption [9]. Future Outlook - The 20th Central Committee emphasized the importance of achieving economic and social development goals, with a continued focus on high-quality development as the central theme for the next five years [10]. - Foreign investments in China are increasing, with significant projects launched by international companies, reflecting confidence in China's economic prospects [13].