【宏观经济】一周要闻回顾(2025年12月3日-12月9日)

Core Viewpoint - China's service trade showed steady growth in the first ten months of 2025, with a total import and export value of 65,844.3 billion yuan, reflecting a year-on-year increase of 7.5% [5] Group 1: Service Trade Development - The total service trade export reached 29,090.3 billion yuan, growing by 14.3%, while imports amounted to 36,754 billion yuan, increasing by 2.6% [5] - The service trade deficit narrowed to 7,663.7 billion yuan, a decrease of 2,693.9 billion yuan compared to the previous year [5] - Knowledge-intensive service trade maintained growth, with a total import and export value of 25,121.5 billion yuan, up by 6.4% [5] - Travel service exports experienced rapid growth, with a total of 18,125.4 billion yuan, marking an increase of 8.5%, including a 52.5% rise in exports [5] Group 2: Transportation Investment - In the first ten months, transportation fixed asset investment reached 2.95 trillion yuan, driven by major transportation projects [7] - The freight volume showed steady growth, with a total of 48.29 billion tons, reflecting a year-on-year increase of 3.5% [7] - Port cargo throughput continued to grow, reaching 15.13 billion tons, an increase of 4.3% [7] Group 3: Goods Trade Overview - In the first eleven months, China's goods trade total value reached 41.21 trillion yuan, growing by 3.6% year-on-year [9] - Exports amounted to 24.46 trillion yuan, increasing by 6.2%, while imports were 16.75 trillion yuan, with a slight growth of 0.2% [9] - The trade with ASEAN countries grew by 8.5%, making it China's largest trading partner, while trade with the EU increased by 5.4% [11] Group 4: Trade Characteristics - General trade and processing trade both saw growth, with general trade reaching 26.04 trillion yuan, up by 2.1% [10] - Private enterprises' trade increased by 7.1%, accounting for 57.1% of total foreign trade [13] - Mechanical and electrical products constituted over 60% of exports, with significant growth in integrated circuits (25.6%) and automobiles (17.6%) [14]