Core Insights - The core viewpoint of the article highlights that China's GDP reached 140.19 trillion yuan in 2025, reflecting a 5.0% growth rate, showcasing the resilience and potential of the economy despite challenges [1][3]. Economic Performance - The economic data for 2025 indicates a steady progress with a significant achievement of surpassing the 140 trillion yuan mark, maintaining a 5% growth rate, which underscores the robustness of China's large-scale economy [3]. - The performance of external trade and domestic industrial transformation is advancing steadily, indicating a positive trajectory in economic development [3]. Structural Optimization - A notable highlight is the optimization and upgrading of the economic structure, with positive signals of structural adjustment and transformation across various industrial sectors [5]. - The service sector is experiencing a continuous increase in the proportion of service consumption, which plays a crucial role in improving and ensuring the livelihood of the population [5]. - High-tech industries and sectors with high technological content are maintaining a strong supply-demand dynamic, contributing significantly to the overall economic performance [5]. Investment and Policy Measures - Major project investments in 2025 are being implemented steadily, contributing to the development of domestic demand [7]. - There is a focus on boosting consumption and improving policies to enhance people's livelihoods, which are essential for promoting stable economic growth [7]. - The successful completion of the 14th Five-Year Plan sets a solid foundation for the 15th Five-Year Plan, with ongoing favorable conditions being accumulated [7]. - Future policy efforts will concentrate on expanding domestic demand, enhancing consumption, and accelerating the implementation of significant projects to ensure continued economic stability and growth in 2026 [7].

（原标题：李强主持召开专家、企业家和教科文卫体等领域代表座谈会，听取对政府工作报 告、"十五五"规划纲要的意见建议 把发展的战略基点放在扩大内需上） 新华社北京1月19日电 中共中央政治局常委、国务院总理李强1月19日下午主持召开专家、企业家 和教科文卫体等领域代表座谈会，听取对《政府工作报告》和《"十五五"规划纲要（草案）》两个征求 意见稿的意见建议。 座谈会上，明明、贺佳、闫俊杰、张智刚、龚旗煌、余晓晖、王拥军、周莉亚、石宇奇等先后发 言。大家认为，去年是很不平凡的一年，面对复杂严峻的外部形势，我们国家加大逆周期调节力度，在 稳增长、调结构、惠民生等方面推出很多务实举措，发展中的积极因素不断积累，要素流动持续活跃， 市场信心明显增强，取得的成绩实属不易。大家还结合各自领域，就做好今年和"十五五"时期经济社会 发展工作提出了意见建议。 在认真听取大家发言后，李强指出，过去一年，在以习近平同志为核心的党中央坚强领导下，我们 实施更加积极有为的宏观政策，沉着应对外部冲击，我国经济顶压前行、向新向优发展，新兴产业加快 培育壮大，市场需求持续扩容提质，展现出强大韧性和活力。今年是"十五五"开局之年，外部形势依然 复 ...

中央纪委国家监委网站 柴雅欣 1月19日，2025年中国经济成绩单公布：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%。 2025年是"十四五"规划收官之年。在以习近平同志为核心的党中央坚强领导下，中国经济航船无惧风 雨，顶住多重压力，保持稳中有进发展态势，高质量发展取得新成效。但也要看到，外部环境变化影响 加深，国内供强需弱矛盾突出，经济发展中老问题、新挑战仍然不少。翻开这份成绩单，我们应如何看 待经济数据背后的发展成色？面对新的风高浪急，中国经济航船如何继续乘风破浪、勇毅前行？ 稳中有进：在风浪中稳住了发展底盘、巩固了发展根基 "稳"是2025年中国经济的突出特点。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，更在风浪中稳住了发展的底 盘、巩固了发展的根基。 "全年社会消费品零售总额突破50万亿元，比上年增长3.7%，比2024年加快0.2个百分点，规模居全球零 售市场前列。"康义说。 "中国经济又一次在爬坡过坎中实现全年5%的增长，完成了年初确定的目标。特别是2025年国内生产总 值首次站上 ...

Economic Growth and Performance - In 2025, China's GDP grew by 5.0% compared to the previous year, achieving the government's target set at the beginning of the year [1] - The GDP growth rates for each quarter were 5.4%, 5.2%, 4.8%, and 4.5% respectively [1] - The nominal GDP growth in Q4 was 3.8%, showing a slight improvement from the previous quarter [2][3] Price and Inflation Trends - The GDP deflator index in Q4 increased by 0.35 percentage points, indicating a recovery in prices [3] - The Producer Price Index (PPI) for industrial producers decreased by 2.6% year-on-year, but the decline narrowed in the second half of the year [3] - Prices in certain sectors, such as coal mining and new energy equipment, began to rise after a prolonged decline [3] Consumer and Investment Dynamics - In December, retail sales of consumer goods grew by 0.9%, a decrease from the previous month [5] - The total retail sales for 2025 increased by 3.7%, supported by consumption subsidy policies [5] - Fixed asset investment fell by 3.8% for the year, with significant declines in real estate and infrastructure investments [6] Industrial Production and Export Performance - Industrial production value increased by 5.2% year-on-year in December, with an annual growth rate of 5.9% [6][7] - High-tech industries and exports were key drivers of industrial production, with high-tech manufacturing value added growing by 9.4% [7] - The export delivery value of industrial enterprises reached 15.8 trillion yuan, a 2.2% increase from the previous year [7] Policy Measures and Future Outlook - The Central Economic Work Conference emphasized expanding domestic demand as a priority, with measures to boost consumption and stabilize investment [8] - Policies are being implemented to support consumption and investment, including a significant bond issuance for consumption subsidies [8] - Analysts expect that the economic structure will gradually shift towards domestic demand, with potential improvements in service sector contributions [9]

Core Viewpoint - The total retail sales of consumer goods in China exceeded 50 trillion yuan in 2025, growing by 3.7% year-on-year, indicating a strong position in the global retail market [1] Group 1: Consumption Trends - Basic living and some upgraded goods showed good sales momentum, with retail sales of communication equipment, cultural office supplies, sports and entertainment products, home appliances, and food items growing by 20.9%, 17.3%, 15.7%, 11.0%, and 9.3% respectively [1] - Rural retail sales grew by 4.1%, outpacing urban growth by 0.5 percentage points, highlighting the potential of rural markets [4] - Service retail sales increased by 5.5% year-on-year, indicating significant growth potential in the service sector [1][4] Group 2: Policy and Market Support - The State Council's meetings on January 9 and 16 focused on expanding domestic demand and promoting consumption, emphasizing the importance of consumption for economic growth [1][2] - Policies aimed at stimulating consumption include optimizing service industry loans and supporting new business models and scenarios [4][9] - The implementation of paid leave and the construction of a unified national market are expected to enhance the consumption environment [2][13] Group 3: Downstream Market Potential - The consumption in lower-tier markets is characterized by a large population base, high marginal potential, and rapid structural upgrades [5][6] - The county-level commercial system is improving, with the county and rural market accounting for 38.7% of total retail sales [4] - Policies to stimulate consumption in lower-tier markets are being introduced, including financial support for county-level consumption activities [4] Group 4: Service Consumption as a New Engine - Service consumption is increasingly becoming a key driver of growth, with service retail sales growing faster than goods retail sales [8][12] - The proportion of service consumption in per capita spending reached 46.1% in 2025, reflecting a shift towards service-oriented consumption [8] - Various sectors such as tourism, cultural activities, and entertainment are experiencing significant growth, with some areas seeing over 20% growth in retail sales [8][10] Group 5: Upgrading Consumption Patterns - The implementation of the "old for new" consumption policy is expected to boost the sales of high-quality durable goods, with significant growth in categories like cultural office supplies and home appliances [11] - The demand for quality and experiential products is rising, while basic consumer goods remain stable, indicating a dual focus on upgrading and essential needs [11] - The government's fiscal policies, including subsidies and tax incentives, are effectively stimulating mid-to-high-end consumption [11][12] Group 6: Future Outlook - The retail sales growth rate is projected to accelerate to around 5.0% in 2026, with service retail sales expected to grow by 6.5% [14] - Continued implementation of consumption-boosting policies and improvements in the consumption environment are anticipated to support stable growth [13][14] - The contribution of final consumption expenditure to economic growth is expected to remain strong, reaching 52% in 2025 [13]

Economic Overview - In 2025, China's GDP reached 1401879 billion yuan, achieving a year-on-year growth of 5.0%, with a quarterly slowdown primarily due to base effects [3][2] - The quarterly growth rates were 5.4% in Q1, 5.2% in Q2, 4.8% in Q3, and 4.5% in Q4, with Q4 being the lowest due to the impact of previous growth policies [3][2] - The economic structure continues to show signs of differentiation, with strong industrial production but persistent mismatches between capacity and demand [2][5] Production Insights - Industrial production showed a recovery in December 2025, with a year-on-year growth of 5.2%, reversing previous months' slowdown [9] - The annual growth of industrial value added was 5.9%, significantly higher than the overall GDP growth, indicating its role as a core driver for economic targets [9] - High-tech manufacturing and green transformation are driving forces, with high-tech industries growing by 11.0% in December [12] Consumption Trends - Retail sales of consumer goods grew by 3.7% in 2025, but Q4 saw a decline in growth momentum, with December's retail sales increasing by only 0.9% [16][20] - Rural consumption outperformed urban areas, with rural retail sales growing by 4.1% compared to 3.6% in urban areas [16][20] - Online retail sales increased by 8.6%, with food-related online sales growing by 14.5%, reflecting a shift towards convenience and immediate consumption [17] Investment Dynamics - Fixed asset investment decreased by 3.8% in 2025, with December showing a significant decline of 15.1% year-on-year [27] - Manufacturing investment is constrained by weak demand and profitability pressures, while infrastructure investment faces funding constraints and project shortages [28] - The real estate sector showed marginal recovery, with a narrowing of declines in sales area and sales value, but overall conditions remain weak [29]

Economic Overview - In 2025, China's GDP reached 140.19 trillion yuan, marking a 5% increase year-on-year, successfully achieving the annual growth target of around 5% [2][3] - The quarterly GDP growth rates were 5.4% in Q1, 5.2% in Q2, 4.8% in Q3, and 4.5% in Q4, indicating a gradual decline in growth momentum towards the end of the year [2][3] Economic Structure and Performance - The industrial added value in 2025 was 41.7 trillion yuan, growing by 5.8%, while the service sector's added value reached 80.89 trillion yuan, increasing by 5.4% and accounting for 57.7% of GDP [3] - High-tech industries maintained rapid growth, with the added value of high-tech manufacturing accounting for 17.1% of industrial added value [5] Trade and Investment - Total goods trade reached 45.47 trillion yuan, a 3.8% increase, with exports at 26.99 trillion yuan (up 6.1%) and imports at 18.48 trillion yuan (up 0.5%) [3] - Fixed asset investment (excluding rural households) was 48.52 trillion yuan, down 3.8%, with a notable decline in infrastructure, manufacturing, and real estate investments [3][4] Consumer Behavior - Retail sales of consumer goods totaled 50.12 trillion yuan, growing by 3.7%, indicating a need for improved consumer sentiment despite a slight increase from the previous year [3][4] - Service retail sales grew by 5.5%, outpacing goods retail sales, reflecting a shift towards service consumption [6] Policy Measures and Future Outlook - In response to economic pressures, the government plans to implement proactive macroeconomic policies in 2026, focusing on boosting consumption and stabilizing investment [7][8] - The central bank has introduced measures to lower financing costs and enhance credit support for key sectors, aiming to stimulate economic growth [7][8] - The emphasis will be on expanding domestic demand and addressing local fiscal challenges to ensure a balanced economic recovery [9]

编者按： 中国经济发展向新向优 2025年，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。全年经济总量迈上新台阶，首破140万亿元，同比增长5%，经济社会发展主要目标 任务圆满实现。2026年，我国将继续实施更加积极有为的宏观政策，持续扩大内需、优化供给，做优增量、盘活存量，因地制宜发展新质生产 力，纵深推进全国统一大市场建设，推动经济实现质的有效提升和量的合理增长，确保"十五五"开好局、起好步。 本报记者 周潇枭 北京报道 1月19日，国家统计局发布2025年全年经济数据。 初步核算，全年国内生产总值140.19万亿元，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%。 在全球需求偏弱、外部不利影响加深等背景下，2025年我国经济同比增长5%，顺利完成年初5%左右的增长目标，充分展示我国经济发展的韧 性和活力。与此同时，我国经济结构在不断优化升级，高新技术产业保持较快增长；内需潜力不断释放，文 ...

持续发力扩大内需，随着提振消费专项行动落地见效，我国消费市场规模稳步扩大，压舱石作用凸显。 数据显示，2025年社会消费品零售总额突破50万亿元，比上年增长3.7%，规模居全球零售市场前列。 其中，服务消费活力释放，成为2025年经济运行中的重要亮点。康义介绍，全年服务零售额比上年增长 5.5%，最终消费支出对经济增长的贡献率52%，是经济增长的主动力和稳定锚。 更加积极有为的宏观政策持续发力，2025年，我国经济呈现向优向好发展势头，高质量发展成色更足。 "稳"的格局得到巩固。2025年，我国货物贸易再创新高，外汇储备余额超过3.3万亿美元；城镇调查失 业率平均值是5.2%，就业保持总体稳定；民生保障有力有效，居民人均可支配收入实际增长5.0%。"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。"国家统计局局长康义表示。 （来源：经济参考报） 1月19日，2025年中国经济成绩单出炉——国内生产总值（GDP）首次跨越140万亿元大关，比上年增长 5.0%。"稳"的根基更加牢固、"进"的步伐更加坚定、"新"的动能不断激发、"韧"的特性日益凸显。 多项指标向优向 ...

省级层面，将重点围绕九大主题举办消费促进活动，包括优化实施消费品以旧换新，扩大商品消费；推 进"有奖发票"试点，以"小发票"撬动"大消费"；启动"青海家宴"品牌建设三年行动，打响特色餐饮品 牌；举办"老字号嘉年华・新春年货季"，打造一站式新春消费场景；举办"购在青海 双节添彩"线上促 消费活动，力促一季度消费"开门红"；办好第八届双品网购节，激发品质品牌消费活力；举办精品消费 月活动，在年末叠加多重优惠提振消费；推广"青海好物"，助力特色产品开拓国内外市场；深化农体文 旅商融合，推动多业态协同促消费。 各市（州）、县（区）商务等部门，将结合本地特色，开展200场以上区域消费促进活动。各类市场主 体，将借助季节时令、节日假期、体育赛事、文艺演出、旅游出行等消费热点载体，开展200场以上打 折让利、满减赠礼等促消费活动。 本报讯 （记者 董洁） 为深入贯彻党的二十届四中全会、中央经济工作会议"扩大内需、提振消费"决策 部署，全面落实省委、省政府"以开局即决战、起步即冲刺的姿态，奋力实现一季度'开门红'"的工作安 排，青海省商务厅提前谋划、精心布局，制定《2026年青海省消费促进活动方案》，并于1月19日举办 启动 ...