解码上海2025“经济答卷”，大城“加速跑”动力何在？

Core Viewpoint - Shanghai's economy has shown resilience and growth, achieving a GDP of 56,708.71 billion yuan in 2025, with a year-on-year increase of 5.4%, surpassing the national average [1][2]. Economic Performance - Shanghai's GDP growth rate of 5.4% reflects its strong economic structure and ability to withstand external risks, driven by technological innovation and industrial upgrades [2][3]. - The city ranks fifth globally in economic output, with a total trade volume exceeding 11 trillion yuan, maintaining its position as a global trade leader [3][5]. Key Industries - The three leading industries in Shanghai saw an industrial output value growth of 9.6%, with strategic emerging industries contributing significantly to the overall industrial output [7][9]. - Shanghai's integrated circuit sector leads the nation with over 1,200 companies and a significant share of talent and innovation resources [10]. Demand Dynamics - In 2025, Shanghai's total retail sales of consumer goods grew by 4.6%, with notable increases in sales of new energy vehicles and home appliances [12][14]. - The city experienced a 40% increase in inbound tourists, contributing to the growth of the international consumption market [12][14]. Policy Impact - Economic data in 2025 is closely linked to targeted policies, such as the "old-for-new" subsidy program, which significantly boosted consumer spending [15]. - Shanghai's strategic planning for the next five years aims to maintain economic growth in line with national trends, focusing on transformation and upgrading [15].