中国经济“稳进新韧” 2025年GDP首超140万亿

Economic Growth - China's GDP for 2025 reached 140,187.9 billion yuan, growing by 5% year-on-year, meeting the initial target set at the beginning of the year [1] - The GDP growth rate for the fourth quarter was 4.5%, a slowdown of 0.3 percentage points compared to the third quarter [1] - The contribution rates of final consumption expenditure, capital formation, and net exports to economic growth were 52.0%, 15.3%, and 32.7% respectively for 2025 [4] Industrial Production - The industrial added value in 2025 was 41.7 trillion yuan, increasing by 5.8% year-on-year, contributing 35% to economic growth [6] - Manufacturing output reached 34.7 trillion yuan, with a growth rate of 6.1%, maintaining a stable share of around 25% of GDP [6] - In December 2025, the industrial added value grew by 5.2% year-on-year, with manufacturing increasing by 5.7% [7] Consumer Spending - Retail sales of consumer goods exceeded 50 trillion yuan in 2025, growing by 3.7% year-on-year, with service retail sales increasing by 5.5% [4][5] - The proportion of service consumption in per capita consumption expenditure was 46.1% in 2025, indicating a shift towards service-oriented consumption [5] - The government plans to implement measures to boost consumption, including a special action plan and urban-rural income increase initiatives [5] Economic Outlook - The economic growth rate for 2026 is expected to remain stable, supported by strong fundamentals despite external challenges [1][3] - Analysts predict that while export growth may slow, domestic demand will be bolstered by policy measures aimed at stimulating consumption and investment [8] - The focus for 2026 will be on achieving qualitative improvements and reasonable quantitative growth in the industrial economy [8]