【宏观经济】一周要闻回顾(2026年1月28日-2月3日)

Fiscal Expenditure - In 2025, the national general public budget expenditure is projected to be 28.74 trillion yuan, representing a year-on-year increase of 1% [5] - Key areas of expenditure include social security and employment (up 6.7%), education (up 3.2%), health (up 5.7%), science and technology (up 4.8%), and energy conservation and environmental protection (up 6.1%) [5] Cultural Industry Revenue - In 2025, the revenue of large-scale cultural and related industry enterprises is expected to grow by 7.4%, reaching 1521.35 billion yuan, an increase of 104.51 billion yuan from the previous year [6][8] - The cultural core sector's revenue is projected to be 1031.81 billion yuan, up 11.5%, while related sectors are expected to see a slight decline of 0.4% [9] Investment and Economic Cooperation - In 2025, China's non-financial direct investment abroad is expected to reach 145.66 billion USD, a growth of 1.3% year-on-year [22] - The scale of foreign contracting projects is anticipated to increase, with a completed turnover of 178.82 billion USD, up 7.7%, and new contract amounts reaching 289.22 billion USD, up 8.2% [22] - Labor exports are projected to grow, with 428,000 workers sent abroad, an increase of 4.6% [22] Purchasing Managers' Index (PMI) - In January 2026, the manufacturing PMI is reported at 49.3%, indicating a decline of 0.8 percentage points from the previous month, suggesting a slight contraction in manufacturing activity [12] - The non-manufacturing business activity index is at 49.4%, also down by 0.8 percentage points, reflecting a decrease in market demand [16] - The comprehensive PMI output index stands at 49.8%, down 0.9 percentage points, indicating a general slowdown in production and business activities [18]