21社论丨5%增速凸显中国经济向新向优

Economic Growth - In 2025, China's GDP surpassed 140 trillion yuan, marking a 5% increase from the previous year, maintaining a leading growth rate among major global economies [1] - Domestic consumption significantly contributed to economic growth, with total retail sales of consumer goods reaching 50 trillion yuan, and final consumption expenditure accounting for 52% of economic growth [1] Investment Trends - Although overall investment has slowed, the investment structure is optimizing, with a focus on key areas such as infrastructure and modern industrial systems [2] - Key infrastructure investments in pipeline transportation, electricity, and water projects achieved double-digit growth, while equipment purchasing investment rose to 18% of total investment [2] Service Sector Contribution - The service sector contributed 61.4% to economic growth in 2025, with its share of GDP increasing to 57.7% [2] - Modern service industries, including information technology and finance, are thriving, alongside emerging service formats like live e-commerce and instant retail [2] Industrial Development - The construction of a modern industrial system is progressing, with high-tech manufacturing showing strong growth and leading industrial quality development [3] - Traditional industries are also upgrading, with an increase in green low-carbon products and a steady advancement in green transformation [3] Policy Measures - China plans to implement proactive macroeconomic policies to expand domestic demand and optimize supply structure [4] - A series of systematic measures are expected to enhance the quality and reasonable growth of the economy, ensuring a strong start for the 14th Five-Year Plan [4]