2025年12月多项指标稳中有升 高频数据折射市场活力

Group 1: Consumer Market Growth - The consumer market in China is steadily growing, with December 2025 showing a 0.9% year-on-year increase in consumption, driven by a 1.3% rise in goods consumption and a 0.4% rise in service consumption [1] - During the New Year holiday from January 1 to 3, 2026, consumption surged by 6.1% year-on-year, with goods consumption increasing by 9.3% and service consumption by 1.1% [1] - The National Development and Reform Commission (NDRC) indicates that ongoing policies to promote consumption and expand domestic demand are effectively stimulating market vitality [1] Group 2: Infrastructure Investment - In December 2025, the amount of project bids nationwide increased by 28% month-on-month, reflecting the positive impact of newly introduced policy financial tools and special bond quotas [2] - The NDRC announced an early batch of "two heavy" construction projects and a central budget investment plan totaling approximately 295 billion yuan, alongside approvals for major infrastructure projects with total investments exceeding 400 billion yuan [2] - The operational rates of petroleum asphalt facilities and cement mills turned positive compared to November, indicating a rebound in construction activity [2] Group 3: Foreign Trade and Export Dynamics - China's goods trade has maintained growth for ten consecutive months since February 2025, showcasing resilience and vitality in foreign trade [2] - The export container freight index for routes to Southeast Asia, South Korea, and Europe increased by 17.8%, 5.2%, and 4.6% respectively in December 2025, indicating a deepening diversification in foreign trade [2] - The average number of international cargo flights per day rose by 13.8% year-on-year, reflecting accelerated exports of high-value products [2] Group 4: Innovation and Business Vitality - The operational vitality index for startups and technology innovation enterprises grew by 17.9% and 20.4% year-on-year in December 2025, respectively, indicating a positive trend in corporate innovation [3] - The export structure in China is continuously upgrading, with over 60% of exports consisting of electromechanical and high-tech products, particularly benefiting emerging markets [3]