从全年报看中国经济“顶压前行、向新向优发展”

Core Viewpoint - The Chinese economy demonstrated resilience and vitality in 2025, achieving a GDP of over 140 trillion yuan with a growth rate of 5.0% compared to the previous year, despite facing significant external and internal challenges [1][3]. Economic Performance - In 2025, the economy maintained a stable performance with a target growth of around 5%, while the Consumer Price Index (CPI) remained flat year-on-year, and the core CPI increased by 0.7% [3]. - The average urban unemployment rate was 5.2%, indicating overall stability in employment [3]. - Foreign exchange reserves exceeded $3.3 trillion, the highest since December 2015 [3]. - The total import and export volume surpassed 45 trillion yuan, with exports growing by 6.1%, maintaining China's position as the world's largest trading nation [3]. Long-term Economic Trends - The economy achieved a "four consecutive jumps" in total economic output, crossing the thresholds of 110 trillion, 120 trillion, 130 trillion, and 140 trillion yuan [4]. - Over the five years, the economic increment exceeded 36 trillion yuan, and China ranked in the top ten of the global innovation index [4]. Industrial Growth - The automotive industry saw production and sales both exceed 34 million units, with new energy vehicles leading globally for 11 consecutive years [6]. - Industrial robot exports increased by 48.7%, marking a significant achievement in automation and robotics [6]. - Total electricity consumption surpassed 10 trillion kilowatt-hours, reflecting rapid growth in high-end manufacturing and digital economy sectors [6]. Consumer Behavior and Market Dynamics - Service consumption grew, with the service sector's value added increasing by 5.4% and retail sales in services rising by 5.5% [8]. - Online shopping saw significant growth, with online retail sales increasing by 8.6% year-on-year [8]. - The total retail sales of consumer goods exceeded 50 trillion yuan, contributing over 50% to economic growth [8]. Innovation and Development Potential - By the end of 2025, R&D investment intensity reached 2.8%, surpassing the OECD average, with a strong focus on high-tech sectors [11]. - The market showed robust growth potential, with significant increases in sales and tourism revenue during holiday periods [12]. Policy and Governance - The government implemented proactive macroeconomic policies, including interest rate adjustments and increased funding for technology innovation [13][14]. - A series of measures were introduced to stimulate domestic demand and enhance the business environment, reflecting a commitment to high-quality development [21][22].