中新社马尼拉1月29日电(记者 张兴龙)菲律宾国家统计局29日公布数据显示，该国2025年国内生产总值 (GDP)同比增长4.4%，低于政府设定的全年经济增长目标。 从2025年菲律宾经济的季度表现看，第四季度GDP同比增长3.0%，为全年最低水平；此前公布的第三 季度经济增速为4.0%，但菲国家统计局于1月28日将该数据下修至3.9%；第一季度和第二季度经济增速 分别为5.4%和5.5%。 菲律宾政府2025年全年经济增长目标区间为5.5%至6.5%。全年四个季度中，仅第二季度经济增速达到 该目标区间下限，其余季度均未达标。 菲律宾2025年经济同比增长4.4% 来源：中国新闻网 编辑：付健青 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 具体来看，2025年全年，菲律宾农业、工业和服务业分别同比增长3.1%、1.5%和5.9%。需求端方面， 家庭最终消费支出和政府最终消费支出分别同比增长4.6%和9.1%。贸易方面， ...

Core Insights - Guangdong's total deposits in domestic and foreign currencies are projected to reach 38.7 trillion yuan by the end of 2025, just shy of the 40 trillion mark, significantly outpacing Jiangsu by 10.82 trillion yuan [1] - The GDP of Guangdong is expected to be 14.58 trillion yuan in 2025, maintaining its position as the largest economy in China for 37 consecutive years, despite a modest growth rate of 3.9% [2][3] Economic Indicators - **Population Scale**: Guangdong has a resident population of 127 million, with a real-time population of 150 million, leading the nation. The province has over 30 million migrant workers, accounting for about 25% of its resident population [5] - **Business Environment**: By the end of 2025, Guangdong is expected to have over 20.37 million registered business entities, representing about 10% of the national total [6] - **Financial Sector**: Guangdong's financial institutions are projected to hold 38.72 trillion yuan in deposits by the end of 2025, maintaining a significant lead over other provinces [8] - **Foreign Trade**: In 2025, Guangdong's total goods trade import and export volume is expected to reach 9.49 trillion yuan, contributing 24.1% to the national foreign trade increment [9] - **Fiscal Revenue**: The local general public budget revenue for Guangdong is projected to be 1.3939 trillion yuan in 2025, marking a 3% increase and maintaining the top position in the country for 35 years [10] - **Capital Market**: Guangdong is expected to have 1,224 listed companies by the end of 2025, with a total market capitalization exceeding 30.75 trillion yuan, indicating a strong wealth creation capacity [11] - **Industry Clusters**: Guangdong has formed nine trillion-yuan industry clusters, including new-generation electronic information and green petrochemicals, showcasing its industrial strength [12][14]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 钢材早报：驱动不强，期钢延续窄幅震荡 市场信息： 1、 央行行长潘功胜表示，2026年，中国人民银行将继续实施好适度宽松的货币政策，把促进经济稳定增长、物价合理回升作为货币政策的重要考量。今年 降准降息还有一定的空间。 2、 中国经济2025年"成绩单"出炉。2025年全年，我国GDP同比增长5.0%，达到140.19万亿元；规模以上工业增加值增长 5.9%，增速较上年加快 0.1 个百分 点；社会消费品零售总额规模增长3.7%，增速较上年加快0.2个百分点；固定资产投资下降3.8%，其中房地产开发投资下降17.2%。2025 年末全国人口 140489万人，全年出生人口792万人，死亡人口1131万人，人口总量同比减少339万人。 3、 国家统计局数据显示，2025 年，中国粗钢产量96081 万吨，同比下降4.4%；生铁产量 83604万吨，同比下降3.0%；钢材产量144612万吨，同比增长 3.1%。 4、 海关总署数据显示，2025年我国累计出口钢材11901.9万吨，同比增长7.5%，创历史新高。 5、 1 月 26 日，全国主港铁 ...

1月26日，宁波市统计局、国家统计局宁波调查队发布2025年宁波经济运行情况。根据全省地区生产总值统一核算结果，2025年全市地区生产总值18716亿 元，按不变价格计算，同比增长4.9%。 "稳就业、稳企业、稳市场、稳预期，2025年宁波加快培育壮大新质生产力，全市经济运行总体平稳，高质量发展扎实推进，现代化滨海大都市建设取得积 极进展。"市统计局相关负责人表示。 分产业看，第一产业增加值472亿元，增长3.9%；第二产业增加值7866亿元，增长4%；第三产业增加值10378亿元，增长5.6%。三次产业之比为 2.5∶42.0∶55.5。三次产业对GDP增长的贡献率分别为1.9%、36.2%和61.9%。 解读：自2017年晋级GDP"万亿俱乐部"以来，宁波经济总量先后超越佛山、长沙、无锡、青岛及天津。不久前，宁波市两会期间，其政府工作报告中指 出，"十四五"时期，宁波综合经济实力实现跨越，地区生产总值由1.31万亿元增加到1.87万亿元，经济总量跃居全国城市第十一。 与过去的成绩对比，宁波实力不俗，但与自身预期相比，则稍显不足。早在"十四五"开局之年，宁波曾定下"奋力实现2025年GDP总量破2万亿、进入 ...

Economic Overview - The ICHI Composite Economic Index slightly declined this week, ending a previous expansion trend, but remains close to the stable zone around 100, indicating a phase of consolidation after prior growth[1] - The consumption index fell into the contraction zone, reflecting a marginal cooling in post-holiday consumption, although the decline is limited and overall remains robust[1] - The investment index also decreased, with corporate investment entering a wait-and-see phase after prior expansion, maintaining a level around 100, indicating continued support for domestic demand[1] - The production index showed a slight recovery into the expansion zone, suggesting stabilization as industrial production activities return to normal post-holiday[1] Structural Insights - In 2025, China's GDP reached approximately 140.19 trillion RMB, growing by 5.0% year-on-year, demonstrating strong macroeconomic resilience amid complex external conditions[2] - The equipment manufacturing and high-tech manufacturing sectors saw value-added growth of 9.2% and 9.4% respectively, significantly outpacing the overall manufacturing sector, indicating a shift towards new growth drivers[2] - There is a steady improvement in innovation capabilities and a structured push towards green transformation, with green electricity and green economy sectors thriving[2] - Business confidence is gradually improving, with enhanced operational expectations from enterprises and increased activity in service and new consumption sectors among residents[2]

铝产业链周度报告 范玲 期货从业资格号：F0272984 投资咨询资格号：Z0011970 2026-1-23 中航期货 目录 01 报告摘要 03 数据分析 02 多空焦点 04 后市研判 | 响， | 政 | 万 | 解 | 周 | 2%。 | 存。 | 心 | 符 | 行 | 的21 | 币 | 电 | 上 | 影 | 核 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 央 | 均 | 仍 | | | | | | | | | | | | | | | | | | | | | | | | | | | 至60. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 货 | 较 | 观 | 内 | 撑 | 月 ...

Economic Data Review - The US January S&P Global Manufacturing PMI rose to 51, indicating expansion, while the Q3 actual GDP annualized growth rate was finalized at 4.4%[1] - Japan's December export growth was below expectations at 5.1%, compared to the forecast of 6.1%[10] - The Eurozone's January ZEW Economic Sentiment Index increased to 40.8, and France's Manufacturing PMI reached a near four-year high of 51[10] US Economic Indicators - The WEI index for the US decreased to 2.34% from 2.48%[15] - The US Redbook retail sales year-on-year growth marginally fell to 5.5% from 5.7%[17] - The 30-year mortgage rate in the US rose to 6.09% from 6.06% the previous week, while the MBA Market Composite Index increased by 14.1% to 397.2[21] Employment Trends - ADP's weekly job additions fell to 46,000, down from 70,000 the previous week[26] - Initial jobless claims in the US rose to 200,000 from 199,000 the prior week, while continuing claims decreased to 1.849 million[30] - The INDEED job vacancy index showed a slight decline, averaging 105.3, down 0.5% from the previous week[34] Price Movements - The RJ/CRB Commodity Price Index increased by 3.4% to 312.24, while US gasoline prices rose to $2.70 per gallon, up 1.3% from the previous week[36] Financial Conditions - Financial conditions in the US and Eurozone tightened, with the Bloomberg Financial Conditions Index for the US dropping to 0.812 from 0.848[43] - Offshore dollar liquidity showed improvement for the yen against the dollar, while the euro's liquidity worsened[46] - The 10-year US-EU bond yield spread narrowed to 132.3 basis points from 134.6 basis points[48]

Group 1 - The core viewpoint is that China's GDP is projected to exceed 140 trillion yuan by 2025, marking significant economic growth during the "14th Five-Year Plan" period [1] - The service industry contributes two-thirds of the GDP growth, with the takeaway market alone expected to surpass 1.27 trillion yuan by 2025 [3] - Industrial and construction sectors account for one-third of the GDP, highlighting their importance in everyday life through housing, electronics, and transportation [3] Group 2 - Consumption is identified as a key driver of the economy, contributing 52% to GDP, with retail sales projected to reach 50 trillion yuan by 2025 [4] - Digital consumption is on the rise, with nearly 1 billion people engaging in online spending, further boosting GDP [4] - Despite challenges such as the US-China trade war, exports remain strong, with home appliances and mobile phones contributing significantly to the economy [4] Group 3 - There is a perception that individual income growth does not match GDP growth, with an average disposable income increase of 5% noted [5] - Certain sectors are experiencing downturns, such as real estate and private investment, which may affect individual financial experiences [5] - The overall economic growth is tied to individual contributions, emphasizing that every effort and expenditure is linked to the larger GDP figure [6]

宏观研究 证 券 研 究 报 告 【每周经济观察】 法国制造业 PMI 升至近四年新高——海外 周报第 124 期 ❖ 核心观点： 1、重要数据回顾：①美国 1 月标普全球制造业 PMI 回升，第三季度实际 GDP 环比折年率终值为 4.4%，ADP 周度新增就业人数下滑。②日本 12 月出口增 速不及预期。③欧元区 1 月 ZEW 经济景气指数回升，1 月制造业 PMI 初值 回升，法国制造业 PMI 升至近四年新高的 51。 2、美国基本面高频：①景气上行的有：地产（房贷申请数量继续回升）、物价 （大宗价格回升、美国汽油零售价回升）、就业（续请失业金回落）。②景气下 行的有：WEI 指数（经济景气下行）、消费（红皮书商业零售同比边际回落）、 就业（初请失业金人数回升）。 3、美国流动性高频：①美国和欧元区金融条件收紧。②离岸美元流动性：日 元兑美元流动性改善，欧元兑美元流动性恶化。 ❖ 一、过去一周重要数据回顾 美国经济活动指数回落。1 月 17 日当周，美国 WEI 指数升至 2.34%，上周为 2.4 。 上周为-0.03%。 ❖ 三、需求 1、美国红皮书商业零售同比增速边际回落。1 月 16 日当周 ...

Group 1: Economic Growth and Development - Dalian has achieved a GDP of 10002.1 billion yuan in 2025, marking a 5.7% year-on-year growth, making it the first city in Northeast China to surpass the 1 trillion yuan GDP milestone [1] - Dalian's GDP growth rate for 2025 is projected to be higher than the national average of 5.0% but lower than its own growth rate of 6.0% in the first three quarters of the previous year [1] - The government of Dalian has set economic development targets for 2026, including a GDP growth of over 5%, fixed asset investment growth of 3%, and a 3% increase in social retail sales [1] Group 2: Public Safety and Crime - In Pingtan, Fujian, a jewelry store was robbed, resulting in losses of nearly 2 million yuan, with two suspects apprehended shortly after the incident [3] - The robbery occurred on January 18, where the store owner was assaulted and locked in a restroom while the suspect stole valuables [3] - The police established a special investigation team and successfully captured the suspects by January 22 [3] Group 3: Environmental Concerns - In Ningxia, a sandstorm is expected to cause air quality to reach levels of light to heavy pollution from January 24 to 26, prompting health advisories for vulnerable populations [7] - Authorities have issued guidelines for dust control and public health protection in anticipation of the sandstorm [7] Group 4: Labor and Employment - Jiangsu province plans to adjust its high-temperature allowance, currently set at 300 yuan per month, in 2026, ensuring it is included in the total wage calculation [6] - The high-temperature allowance is paid for four months during the summer, and employers are prohibited from reducing wages due to this allowance [6]