“四连跳”背后的韧性与活力

Economic Performance - In 2025, China's GDP surpassed 140 trillion yuan, growing by 5.0% year-on-year at constant prices, with an average urban unemployment rate of 5.2% and record high goods trade, foreign exchange reserves exceeding 3.3 trillion USD [1] - The economic growth from 110 trillion to 140 trillion yuan during the "14th Five-Year Plan" period reflects structural changes and new driving forces, indicating a shift towards high-quality development [1] Structural Transformation - The transition from extensive growth to intensive development is marked by industrial upgrades, with high-tech manufacturing's value-added share steadily increasing and traditional industries revitalized through digitalization and green initiatives [1] - The service sector is modernizing, with rapid growth in information transmission and business services, and a deep integration of productive services with manufacturing [1] - Consumer markets are upgrading in quality, with service retail growth outpacing goods retail, and green and new consumption emerging as significant trends [1] Innovation and New Drivers - Innovation is central to China's economic development, with increasing R&D investment intensity placing the country among global leaders, supporting significant technological breakthroughs across various fields [2] - The digital economy is thriving, with robust growth in digital product manufacturing and the industrial internet, creating new possibilities through the integration of digital technology with the real economy [2] Economic Resilience - China's economic resilience is bolstered by a solid foundation, including high grain production, leading global manufacturing scale, and extensive network infrastructure, providing strong support against risks [3] - Continuous deepening of reforms and the construction of a unified national market are enhancing the vitality of the private economy and lowering foreign investment barriers, contributing to sustained economic growth [3] - The overall stability of employment and the synchronization of resident income with economic growth reflect effective social security measures [3] Future Outlook - As China embarks on the "15th Five-Year Plan," the economy is positioned for sustained growth despite external complexities and domestic challenges, with a commitment to nurturing new advantages through innovative productivity and deepening reforms [4] - The focus on expanding openness will create new opportunities, ensuring that China's economy continues to write remarkable chapters in its modernization journey [4]