Core Viewpoint - The economic performance report for China's high-quality development in 2025 will focus on both the overall national economic advancement towards "new and better" and the regional economic development achieving "1+1>2" [1] Group 1: National Economic Outlook - The Central Economic Work Conference indicated that China's economy is expected to grow at around 5% in 2025, with the total economic output reaching approximately 140 trillion yuan, showcasing strong resilience and growth momentum [2] - Domestic demand has remained robust, contributing 71% to economic growth in the first three quarters of the year [2] Group 2: Regional Development and Resource Allocation - Effective integration of local development into a "national chessboard" is crucial, emphasizing the orderly flow and effective allocation of resources across the country [3] - Different regions are leveraging their comparative advantages, with coastal, inland, and border areas releasing their potential for opening up, leading to healthy competition and collaborative development [3] Group 3: Policy Directions and Strategic Initiatives - The Central Economic Work Conference proposed the establishment of international technology innovation centers in key regions such as Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area to enhance high-quality development [4] - A nationwide unified market construction regulation will be developed to address "involution" competition and enhance the potential of China's large-scale unified market [4] - Emphasis on regional coordination and collaboration among key urban clusters will be prioritized to improve the overall effectiveness of high-quality national development [4] Group 4: Open Economy and Trade Initiatives - The Central Economic Work Conference highlighted the optimization of free trade zone layouts and the promotion of the Hainan Free Trade Port, along with enhancing overseas service systems and high-quality development of the Belt and Road Initiative [5] - Regions are encouraged to adopt a "one national chessboard" mindset, aligning their development strategies with national goals while leveraging their unique strengths [5]
中国经济微观察 从“一域增光”到“全局添彩” 读懂经济向新向优发展
Ren Min Wang·2025-12-29 03:51