理响中国·聚焦2026中国经济丨不断巩固拓展经济稳中向好势头

Economic Overview - The Central Economic Work Conference was held from December 10 to 11 in Beijing, focusing on the current economic situation and key tasks for the new phase of the 14th Five-Year Plan [1] Industrial and Service Sector Performance - The industrial added value of enterprises above designated size increased by 6.0% year-on-year [4] - The service production index rose by 5.6% year-on-year [4] - The production of automobiles and integrated circuits grew by 10.8% and 10.6% respectively [4] - The added value of high-tech manufacturing increased by 9.2% year-on-year [4] - The smart consumer equipment manufacturing sector saw a 7.6% increase in added value [4] - Production of new energy vehicles and lithium-ion power batteries for automobiles surged by 26.5% and 42.2% respectively [4] Cross-Border E-commerce and Foreign Investment - By the third quarter of 2025, cross-border e-commerce imports and exports reached approximately 2.06 trillion yuan, marking a 6.4% increase [6] - The removal of foreign investment restrictions in the manufacturing sector led to a 1.1% increase in imports by foreign-invested enterprises [6] - The number of foreign trade enterprises with import and export performance reached 700,000, an increase of 52,000 year-on-year [6] Real Estate Market Developments - In the first ten months of 2025, the sales area and sales amount of new commercial housing saw a year-on-year decline that narrowed by 9 and 11.3 percentage points respectively [8] - Policies aimed at controlling new supply and optimizing existing stock in the real estate sector continue to show positive effects [8] Government Financial Measures - A total of 2.78 trillion yuan in new local government special bonds have been issued [9] - Among these, 800 billion yuan is allocated to support local governments in debt reduction [10] Social Security and Welfare - The number of participants in the basic pension insurance system has exceeded 1.07 billion [13] - Over 450 million people are receiving basic living assistance [15] - More than 500,000 administrative villages have been connected to paved roads [16] - The waste collection and treatment ratio has reached over 90% [17]