国家统计局1月19日发布数据初步核算2025年中国国内生产总值（GDP）达到1401879亿元按不变价格计算比上年增长5.0%。 国家统计局1月19日发布数据 高质量发展取得新成效 经济社会发展主要目标任务圆满实现 初步核算 2025年中国国内生产总值（GDP）达到1401879亿元 按不变价格计算 比上年增长5.0% 面对国内外经济环境的复杂变化 国民经济运行顶压前行、向新向优 "十四五"胜利收官 "十四五"期间 中国经济总量连续跨越 110万亿元、120万亿元、130万亿元、140万亿元关口 本文来源：新华社 记者：王雨萧、张晓洁 海报制作：贾稀荃 如何评价2025年我国经济表现？国家统计局用"稳、进、新、韧"四字作答 2025年是"十四五"规划收官之年，也是中国式现代化进程中具有重要意义的一年。如何评价这一年我国经济表现？国家统计局局长康义 19日在国新办发布会上用"稳、进、新、韧"四个字作答。 首先是"稳"的格局得到巩固。康义说，2025年，"稳"是我国经济突出特点。面对外部环境急剧变化，国内困难挑战增多的复杂严峻形 势，我国实施更加积极有为的宏观政策，不仅有效化解外部环境变化的不利影响，更在风浪中稳 ...

一是人工智能成为创新发展关键变量。人工智能发展迈入全球格局重塑的关键阶段，模型更新迭代周期不断缩短，智能芯片产业加速升级，开源与闭源生 态竞争进一步加剧，多模态、智能体等技术创新突破"奇点"逐渐迫近。可以预见，"十五五"时期人工智能与金融业务融合发展的趋势已不可逆转，对金融 领域的渗透范围之广、程度之深将前所未有，对金融业转型升级的重要性也将前所未有。 党的二十届四中全会审议通过《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》，对做好金融"五篇大文章"、深化数据资源开发利用、 全面实施"人工智能+"行动提出明确要求，为新时期金融科技工作指明方向。回顾"十四五"、面向"十五五"，我们要深入学习贯彻全会精神，乘势而上， 主动作为，准确把握新时期国际国内发展新趋势、新变化，高质量完成新阶段金融科技发展目标任务，为建设金融强国贡献科技力量。 "十四五"时期金融科技发展回顾 1.发展规划落地见效。"十四五"时期，人民银行落实党中央、国务院决策部署，从战略全局层面加强金融科技顶层设计，接续实施《金融科技（FinTech） 发展规划（2019—2021年）》《金融科技发展规划（2022—2025年）》两部发展规 ...

Group 1 - The core viewpoint of the news is that China's macroeconomic policies in 2025 have effectively supported stable economic growth and high-quality development through various measures, including the promotion of consumption and infrastructure projects [1][2][3] Group 2 - In 2025, the implementation of proactive macro policies led to a 4.1% increase in retail sales of six categories of goods related to the "old for new" consumption policy, accelerating by 2 percentage points compared to the previous year, contributing 0.6 percentage points to the total retail sales of consumer goods [1] - The investment in equipment and tools increased by 11.8%, contributing 1.8 percentage points to overall investment growth [1] Group 3 - The service retail sector saw a 5.5% growth compared to the previous year, with a continuous recovery in growth rates over four months since September [2] - The "old for new" policy has led to a greater presence of high-quality durable goods in households, with the number of cars per hundred households reaching 52.9, an increase of 1.7 from the previous year [2] Group 4 - The manufacturing sector experienced a 9.2% increase in value added, accelerating by 1.5 percentage points, with its share rising to 36.8% [2] Group 5 - The integration of technology and industry has been emphasized, with significant growth in sectors such as smart unmanned aerial vehicle manufacturing (57% increase) and smart vehicle equipment manufacturing (26.2% increase) [3] - The integrated circuit manufacturing and optoelectronic device manufacturing sectors also saw substantial growth, with increases of 26.7% and 18.8%, respectively [3] Group 6 - The core Consumer Price Index (CPI) rose by 1.2% year-on-year in December, while the decline in industrial producer prices narrowed, and the manufacturing PMI rose to 50.1 [3] - Profits of large-scale manufacturing enterprises grew by 5.0% from January to November, compared to a decline of 4.6% in the same period last year [3]

Core Insights - In 2025, China's fixed asset investment (excluding rural households) reached 48.5186 trillion yuan, a decrease of 3.8% from the previous year, with infrastructure investment down by 2.2% and real estate investment down by 17.2% [1][2] - Despite the overall decline in fixed asset investment, manufacturing investment grew by 0.6%, indicating a shift towards high-quality development in the economy [3][4] Investment Breakdown - Infrastructure investment saw a notable decline of 2.2%, while manufacturing investment increased by 0.6%, with specific sectors like railway, shipbuilding, and aerospace manufacturing experiencing a growth of 17.5% [1][2] - Real estate development investment fell by 17.2%, with new commercial housing sales area down by 8.7% and sales value down by 12.6% [1][2] - High-tech industries, particularly information services and aerospace equipment manufacturing, reported significant investment growth of 28.4% and 16.9% respectively [2][3] Policy Impact - The "Two New, Two Heavy" policy framework has played a crucial role in guiding investment trends, with infrastructure investment in key areas showing rapid growth [4][5] - The issuance of long-term special government bonds has facilitated increased investment in infrastructure, with pipeline transportation investment rising by 36.0% [4][5] - Equipment and tool procurement investment grew by 11.8%, contributing significantly to overall investment growth [5]

Core Viewpoint - The A-share market is experiencing fluctuations, with the CSI A500 index showing a slight increase while the ChiNext index is declining, reflecting mixed sector performances in the market [1] Group 1: Market Performance - As of 13:50, the CSI A500 index rose by 0.1%, while the ChiNext index fell by 0.9% [1] - Sectors such as precious metals, electric grid equipment, tourism, and controllable nuclear fusion are leading in gains, whereas AI applications, communication equipment, cloud computing, and gaming sectors are facing declines [1] Group 2: Economic Outlook - The National Bureau of Statistics indicates that by 2025, China's economy will exhibit a clear characteristic of "moving towards new," with R&D expenditure intensity reaching 2.8%, an increase of 0.11 percentage points from 2024, surpassing the OECD average for the first time [1] - Significant advancements in artificial intelligence, quantum technology, and brain-computer interfaces are reported, with a notable growth of 9.3% in the added value of large-scale digital product manufacturing compared to 2024 [1] Group 3: Index Composition - The CSI A500 index focuses on representative companies across various industries, covering 89 out of 93 sub-industries, with a higher weight on emerging sectors like information technology and healthcare [1] - The ChiNext index consists of 100 stocks from the ChiNext board, emphasizing high market capitalization and liquidity, with over 90% representation from strategic emerging industries [1] Group 4: Investment Products - The E Fund CSI A500 ETF (159361) and E Fund ChiNext ETF (159915) are among the largest in their categories, offering good liquidity and a low management fee of 0.15% per year, facilitating low-cost investment in quality leading companies in the A-share market [1]

"韧"的特性愈发凸显。放眼全球，我国经济增速在主要经济体中名列前茅，是全球经济增长最稳定、最 可靠的动力源，对世界经济增长的贡献率预计达到30%左右。稳外贸多样化格局加速形成，目前我国已 成为150多个国家和地区的主要贸易伙伴，高技术、高附加值产品成为出口增长主力，外贸展现强大韧 性。2025年高技术产品出口额比上年增长13.2%。 "进"的步伐更加有力。2025年规模以上高技术制造业增加值占规模以上工业增加值比重升到了17.1%。 民营经济促进法正式施行，综合整治"内卷式"竞争成效显现。海南自由贸易港启动全岛封关运作。2025 年，我国货物进出口总额比上年增长3.8%。民生保障有力有效，居民人均可支配收入实际增长5.0%， 与经济增长同步。养老、育幼、医疗等民生事业取得积极进展。 "新"的动能培育壮大。2025年，我国研发经费投入强度达2.8%，比上年提高0.11个百分点，首次超过 OECD国家平均水平，创新指数排名首次进入全球前十。我国在人工智能、量子科技、脑机接口等前沿 领域捷报频传。2025年，规模以上数字产品制造业增加值比上年增长9.3%，服务器、工业机器人产量 高速增长；绿电、绿能、绿色经济蓬勃发 ...

第三是"新"的动能培育壮大。这一年，我国经济展现出"向新而行"的鲜明特征。2025年，研发经费投入强度达 2.8%，比上年提高0.11个百分点，首次超过OECD国家平均水平。世界知识产权组织数据显示，我国创新指数 排名首次进入全球前十。从基础研究的新探索到关键技术的新突破，从科技创新与产业创新的深度融合到惠 民成果的广泛落地，我国在人工智能、量子科技、脑机接口等前沿领域捷报频传，一批重大科研成果竞相涌 现，新质生产力不断发展壮大。2025年，规模以上数字产品制造业增加值比上年增长9.3%，服务器、工业机 器人产量高速增长；绿电、绿能、绿色经济蓬勃发展，新能源汽车国内新车销量占比超过50%。 【大河财立方消息】1月19日，国新办就2025年国民经济运行情况举行新闻发布会。 国家统计局局长康义会上表示，对于过去一年的经济表现，可以用"稳、进、新、韧"这四个字来作简要概括。 首先是"稳"的格局得到巩固。2025年的中国经济，"稳"是突出的特点。面对外部环境急剧变化，国内困难挑战 增多的复杂严峻形势，我国实施更加积极有为的宏观政策，不仅有效化解外部环境变化的不利影响，更在风 浪中稳住了发展的底盘、巩固了发展的根基。2 ...

Core Viewpoint - The performance of China's economy in the past year can be summarized with four key terms: "stability," "progress," "new," and "resilience" [1] Group 1: Stability - The stability of China's economic structure has been consolidated, with GDP expected to reach 140 trillion yuan in 2025, marking a 5.0% increase from the previous year [1] - The average urban unemployment rate is projected to be 5.2%, indicating overall employment stability [1] - The total value of goods trade has reached a new high, with foreign exchange reserves exceeding 3.3 trillion USD [1] Group 2: Progress - Despite complex internal and external environments, China is committed to high-quality development, accelerating the transformation of old and new growth drivers [2] - The proportion of high-tech manufacturing value added to total industrial value added is expected to rise to 17.1% in 2025, with final consumption contributing over 50% to economic growth [2] - The implementation of the Private Economy Promotion Law and the deepening of reform and opening-up have shown positive results [2] - The total value of imports and exports is projected to grow by 3.8% compared to the previous year [2] - Real disposable income per capita is expected to increase by 5.0%, aligning with economic growth [2] Group 3: New Dynamics - China's economy is characterized by a strong focus on innovation, with R&D expenditure intensity reaching 2.8%, surpassing the OECD average for the first time [3] - The country has entered the top ten in the global innovation index, with significant advancements in artificial intelligence, quantum technology, and other cutting-edge fields [3] - The value added of the digital product manufacturing industry is expected to grow by 9.3%, with rapid increases in the production of servers and industrial robots [3] - The share of new energy vehicle sales in the domestic market has exceeded 50% [3] Group 4: Resilience - Despite global economic challenges, China's economy has demonstrated significant resilience, achieving both quantitative and qualitative improvements [4] - China's economic growth rate ranks among the highest among major economies, contributing approximately 30% to global economic growth [4] - The export value of high-tech products is projected to increase by 13.2% compared to the previous year, showcasing strong resilience in foreign trade [4]

国家统计局局长康义在国务院新闻发布会上回答第一财经记者提问时表示，这一年，经济顶压前行、向 新向优发展，主要预期目标圆满实现，"十四五"胜利收官，第二个百年奋斗目标新征程实现良好开局。 对于过去一年的经济表现，康义用"稳、进、新、韧"这四个字来作简要概括。 康义介绍，首先是"稳"的格局得到巩固。2025年的中国经济，"稳"是突出的特点。面对外部环境急剧变 化，国内困难挑战增多的复杂严峻形势，我国实施更加积极有为的宏观政策，不仅有效化解外部环境变 化的不利影响，更在风浪中稳住了发展的底盘、巩固了发展的根基。 备受市场关注的中国经济年报发布。 国家统计局1月19日发布的数据显示，初步核算，全年国内生产总值1401879亿元，按不变价格计算，比 上年增长5.0%。分季度看，一季度国内生产总值同比增长5.4%，二季度增长5.2%，三季度增长4.8%， 四季度增长4.5%。 2025年，国内生产总值首次跃上140万亿元新台阶，比上年增长5.0%；城镇调查失业率平均值是5.2%， 就业保持总体稳定；货物贸易再创新高，外汇储备余额超过3.3万亿美元。对于我国这样超大体量的经 济体而言，在各种风险挑战交织的背景下，能够实现这 ...

国务院新闻办公室于2026年1月19日（星期一）上午10时举行新闻发布会。国家统计局局长康义介绍 2025年国民经济运行情况，并答记者问。 康义介绍，2025年是"十四五"规划收官之年，也是中国式现代化进程中具有重要意义的一年。这一年， 我国发展历程很不平凡，取得的成绩令人鼓舞，经济顶压前行、向新向优发展，主要预期目标圆满实 现，"十四五"胜利收官，第二个百年奋斗目标新征程实现良好开局。他表示，对于过去一年的经济表 现，可以用"稳、进、新、韧"这四个字来作简要概括。 首先是"稳"的格局得到巩固。2025年的中国经济，"稳"是突出的特点。面对外部环境急剧变化，国内困 难挑战增多的复杂严峻形势，我国实施更加积极有为的宏观政策，不仅有效化解外部环境变化的不利影 响，更在风浪中稳住了发展的底盘、巩固了发展的根基。2025年，国内生产总值首次跃上140万亿元新 台阶，比上年增长5.0%；城镇调查失业率平均值是5.2%，就业保持总体稳定；货物贸易再创新高，外 汇储备余额超过3.3万亿美元。对于我国这样超大体量的经济体而言，在各种风险挑战交织的背景下， 能够实现这样的稳定发展很不容易。 第二是"进"的步伐更加有力。这一年尽 ...