来源｜新华社 政府工作报告说，一年来，我国经济顶压前行、展现强大韧性。经济运行总体平稳、稳中有进，国内生 产总值增长5%，总量达到140.19万亿元。就业总体稳定，城镇新增就业1267万人，城镇调查失业率 平均为5.2%。对外贸易较快增长，出口多元化成效明显，国际收支基本平衡。民生保障更加有力，居 民收入增长和经济增长同步，脱贫攻坚成果巩固拓展，实施学前一年免费教育政策、惠及1400万儿 童，全面实施育儿补贴制度、惠及3000多万婴幼儿。粮食产量达到1.43万亿斤。重点领域风险化解取 得积极进展，社会大局保持稳定。 #看两会看东方 编辑 ｜瑜见 ...

Core Viewpoint - The meeting between President Xi Jinping and Finnish Prime Minister Orpo emphasizes China's vast market potential, likening it to an ocean that is resilient and open to foreign investment opportunities [1]. Group 1: Economic Resilience - China's economy is described as a "big ocean," indicating its vastness and depth, which cannot be easily disrupted by external challenges [1]. - The metaphor of "stormy winds can overturn a small pond but cannot shake the ocean" illustrates the strength and stability of the Chinese economy [1]. Group 2: Commitment to Openness - China is committed to deepening institutional openness and sharing development opportunities with the world [1]. - The ongoing reforms and improvements in China's industrial system and innovation capabilities are highlighted as key factors driving economic potential [1].

Core Viewpoint - The recent appreciation of the Renminbi (RMB) against the US dollar has sparked diverse opinions in the market, with some believing it may enter a sustained appreciation phase, while others express concerns about its negative impact on export enterprises [1] Group 1: RMB Exchange Rate Trends - On January 23, the RMB to USD central parity rate was reported at 6.9929, marking a 90 basis point increase from the previous trading day and reaching the highest level since May 2023 [1] - The RMB has remained above the "7" mark since breaking it at the end of last year, with a projected 4.4% appreciation against the USD by 2025 [1] - Factors contributing to the recent RMB appreciation include a weakening USD, robust Chinese economic fundamentals, and released demand for foreign exchange [1] Group 2: Impact on Exports - Traditionally, RMB appreciation negatively affects export enterprises by reducing price competitiveness, decreasing RMB returns from exports, and compressing profit margins [3] - However, the impact of RMB appreciation on exports is gradually diminishing due to the diversification of foreign trade structures and the optimization of export product categories [3] - The increasing ability of enterprises to adapt to exchange rate fluctuations, with hedging ratios rising to around 30%, helps mitigate the impact of currency volatility on operations [3] Group 3: Import Perspective - RMB appreciation enhances its purchasing power in international markets, which can lower the import costs of bulk commodities and high-end equipment [3] Group 4: RMB Internationalization - The pace of RMB internationalization is accelerating, with cross-border RMB payments reaching 35 trillion yuan in the first half of 2025, a 14% year-on-year increase [4] - The acceptance of RMB in international trade settlements is improving, particularly among countries involved in the Belt and Road Initiative and regions like ASEAN and Africa [4] Group 5: Economic Resilience - The core support for maintaining RMB exchange rate stability comes from the strong resilience of the Chinese economy, characterized by a large market size, complete industrial chains, and ongoing technological and industrial innovation [4] - The continuous increase in foreign exchange trading volume and the diversification of market participants enhance the market's ability to absorb external changes [4] Group 6: Market Mechanism and Risk Management - In a market-driven exchange rate formation mechanism, RMB exchange rates are determined by market supply and demand, with fluctuations being a normal occurrence [5] - Companies are encouraged to focus on core competencies and enhance international competitiveness while adopting a "risk-neutral" approach to manage currency risks using various hedging tools [5]

4.7% 3.7% 5.0% 4.2% 5.4% 5.3% 5.5% 5.5% 5.0% 5.2% 5.5% 5.6% 5.5% 4.8% 3.9% 5.1% 4.0% 5.3% 5.5% 4.9% 4.1% 7.0% 5.1% 5.8% 4.1% 5.3% 5.5% GDP增速 (%) 用于定 2025年31省 "同结" 2025年,全国31个省份的经济"成绩单" 已全部揭晓。从数据上看,经济大省持续扛起发 展重任,多个省份迈上新的总量台阶,超半数地 区增速跑赢全国平均水平,各地发展亮点纷呈, 既展现出中国经济的强大韧性,也凸显出区域协 调发展的蓬勃活力。 31省份2025年经济成绩单 ● GDP总量 ● GDP增速 GDP总量(亿元) 4000 16000 8000 12000 北京 52073.4 5.4% 天津 18539.82 4.8% 河北 49305.2 5.6% 山西 25495.7 4.0% | 内蒙古 26710 | | | --- | --- | | 辽宁 | 33182.9 | | 吉林 | 14973.88 | | 黑龙江 | 16878.0 | | 上海 | 56708.71 | ...

Core Insights - The 2025 China economic report highlights the resilience and potential of the economy, showcasing its ability to progress towards new and superior development despite external pressures [1] Trade Performance - In 2025, China's total goods trade import and export value reached 45.47 trillion yuan, maintaining its position as the world's largest goods trading nation for nine consecutive years [2] - The report indicates that China has broken the expectation of growth being hampered by tariffs, demonstrating strong export performance and competitiveness [2] Global Engagement - China engaged in trade with over 240 countries and regions, achieving growth in imports and exports with more than 190 of them, expanding its development space [5] - The trade value between China and Central Asia surpassed 100 billion USD for the first time, marking China as the largest trading partner for Central Asian countries [5] Structural Advancements - China's foreign trade is supported by a stable and flexible supply chain system, with the engineering machinery industry in Jining exemplifying the country's shift towards high-end and intelligent manufacturing [6] - In 2025, China became a net exporter of industrial robots, with equipment manufacturing exports reaching 16.03 trillion yuan, a 9.2% increase, accounting for 59.4% of total exports [6] Trade Model Innovation - The "cross-border e-commerce + industrial belt" model is transforming traditional commodity trade, enhancing the efficiency of matching supply and demand globally [6] - The report emphasizes that each achievement in foreign trade reflects the resilience of the Chinese economy, supported by institutional, market, and industrial advantages [6]

Core Insights - The 2025 China economic report highlights the resilience and potential of the economy, showcasing strong performance in foreign trade despite external challenges [1] Group 1: Foreign Trade Performance - In 2025, China's total goods trade import and export value reached 45.47 trillion yuan, maintaining its position as the world's largest goods trading nation for nine consecutive years [1] - The report indicates that China has broken the expectation of growth being hindered by tariffs, demonstrating strong export performance and competitiveness [1] Group 2: Global Trade Relationships - China engaged in trade with over 240 countries and regions, achieving growth in imports and exports with more than 190 of them [4] - The trade value between China and Central Asia surpassed 100 billion USD for the first time, marking a significant milestone and establishing China as the largest trading partner for Central Asian countries [4] Group 3: Structural Advancements - China's foreign trade is supported by a stable and flexible supply chain, with the engineering machinery industry in Jining exemplifying the country's shift towards high-end and intelligent manufacturing [5] - In 2025, China became a net exporter of industrial robots, with equipment manufacturing exports reaching 16.03 trillion yuan, a 9.2% increase, accounting for 59.4% of total exports [5] - The transformation of trade models, such as the integration of cross-border e-commerce with industrial clusters, has enhanced the efficiency of matching supply and demand globally [5] Group 4: Future Outlook - Experts suggest that China's success in global trade is likely to continue into 2026, supported by institutional, market, and industrial advantages [5]

Core Insights - The 2025 China economic report highlights the resilience and potential of the economy, showcasing strong export performance and a diverse market presence [1][4]. Trade Performance - In 2025, China's total goods trade value reached 45.47 trillion yuan, maintaining its position as the world's largest goods trader for nine consecutive years [1]. - China engaged in trade with over 240 countries and regions, achieving growth in imports and exports with more than 190 of them [4]. - The trade value between China and Central Asia surpassed 100 billion USD for the first time, marking China as the largest trading partner for Central Asian countries [4]. Supply Chain and Manufacturing - The efficient and flexible supply chain system is a key factor in China's export resilience, particularly in the construction machinery sector [5]. - In 2025, China's equipment manufacturing exports amounted to 16.03 trillion yuan, growing by 9.2% and accounting for 59.4% of total exports [5]. Innovation and Trade Models - The transformation towards high-end and intelligent manufacturing is evident, with China becoming a net exporter of industrial robots in 2025 [5]. - The "cross-border e-commerce + industrial belt" model is reshaping traditional trade practices, enhancing the global matching of supply and demand [5]. Future Outlook - Experts predict that China's success in global trade will likely continue into 2026, supported by its institutional, market, and industrial advantages [5].

Core Insights - The 2025 China economic report highlights the resilience and potential of the economy, showcasing strong performance in foreign trade despite external challenges [1] Group 1: Foreign Trade Performance - In 2025, China's total import and export value reached 45.47 trillion yuan, maintaining its position as the world's largest goods trading nation for nine consecutive years [1] - The report indicates that China has broken the expectation of growth being hindered by tariffs, demonstrating strong export performance and competitiveness [1] Group 2: Global Trade Relationships - China engaged in trade with over 240 countries and regions, achieving growth in imports and exports with more than 190 of them, expanding its development space [4] - The trade value between China and Central Asia surpassed 100 billion USD for the first time, marking China as the largest trading partner for Central Asian countries [4] Group 3: Structural Advancements - China's foreign trade is supported by a stable and flexible supply chain, with the engineering machinery industry in Jining exemplifying the country's shift towards high-end and intelligent manufacturing [5] - In 2025, China became a net exporter of industrial robots, with equipment manufacturing exports reaching 16.03 trillion yuan, a 9.2% increase, accounting for 59.4% of total exports [5] - The transformation of trade models, such as the integration of cross-border e-commerce with industrial clusters, has enhanced the efficiency of matching supply and demand globally [5] Group 4: Future Outlook - Experts predict that China's success in global trade is likely to continue into 2026, supported by its institutional, market, and industrial advantages [5]

2026年以来，欧洲主流媒体、官方研究机构和经济领域从业者对中国经济在复杂国际环境下取得的表现 给予积极评价。观点普遍认为，中国经济实现既定增长目标，外贸与产业竞争力有效支撑经济韧性，中 欧经贸关系体量大、总体保持稳定，为全球经济增长注入确定性。 近日，中国经济2025年成绩单公布：国内生产总值（GDP）首次跃上140万亿元新台阶，比上年增长 5.0%。多家欧洲主流财经媒体在报道2025年中国经济运行情况时指出，中国实现了5%的经济增长目 标，在全球经济复苏乏力的背景下，这一表现体现出较强稳定性。 英国《金融时报》表示，中国在国内需求阶段性承压的情况下，仍然完成年度增长目标，出口表现对整 体经济形成重要支撑，被视为中国经济保持稳定的重要因素之一。 希腊有关市场人士指出，在自由贸易政策下，各国的比较优势理应由市场机制自然形成和体现。就希腊 而言，虽然市场规模相对有限，但这也意味着希腊企业需要更加主动地开拓更为广阔的中国市场。希腊 产品，特别是农产品，在品质和特色方面具有明显优势，具备进一步扩大对华出口的良好基础。与此同 时，中国在物流领域的投资经验和能力，有望与比雷埃夫斯港既有项目形成互补效应，进一步提升区域 ...

Core Viewpoint - China aims to transition from being the "world's factory" to becoming the "world's market," accelerating its development as a major consumer economy, which will inject strong new momentum into mutually beneficial cooperation with countries worldwide [1][3]. Group 1: Domestic Demand and Economic Growth - Domestic demand has become the main driving force and stabilizing anchor for China's economic growth, contributing an average of 93.1% to economic growth from 2013 to 2024 [2]. - In 2025, final consumption expenditure is expected to contribute 52% to economic growth, an increase of 5 percentage points from the previous year [2]. - The share of service consumption expenditure in per capita consumption is projected to reach 46.1% in 2025, indicating a structural optimization in consumption [2]. Group 2: Investment Opportunities and Market Potential - China's market is characterized by its large size, diverse levels, and significant potential, with substantial investment opportunities in new urbanization, technology industries, and improving livelihoods [3]. - The current consumer rate in China is about 40%, with a potential increase of 10-20 percentage points compared to developed countries, indicating room for growth [3]. - The implementation of policies such as the "old-for-new" consumption policy is expected to benefit over 360 million people, showcasing market size and policy effectiveness [3]. Group 3: Global Economic Impact - Over the past five years, China has imported goods and services worth over $15 trillion, establishing itself as the world's second-largest consumer market [3]. - As residents' income levels rise and demand for a better life increases, new consumption trends will emerge, driving new supply and investment opportunities [3]. - China's commitment to expanding domestic demand will create new opportunities for global cooperation, enhancing its role as a major consumer market [4].