来源：新华社 在"十四五"即将收官、"十五五"新程待启的关键时点，2025年12月10日至11日召开的中央 经济工作会议备受瞩目。 当前经济形势怎么看？"十五五"新开局重点任务如何推进？聚焦舆论关注的热点问题，中央 财办有关负责同志会后第一时间接受中央主要媒体采访，深入解读中央经济工作会议精神。 问：2025年我国交出怎样的经济"成绩单"？明年经济形势如何? 答： 中央经济工作会议对今年经济工作进行全面总结，指出2025年是很不平凡的一年，我国 经济顶压前行、向新向优发展，展现强大韧性和活力。 一是运行总体平稳、稳中有进。 主要经济指标符合预期，预计全年经济增长5%左右、继续位 居世界主要经济体前列，经济总量有望达到140万亿元左右。就业总体稳定，外贸较快增长、 出口多元化成效明显。 二是现代化产业体系建设持续推进。 新质生产力稳步发展，科技创新成果丰硕，人工智能、 生物医药、机器人等研发应用走在全球前列。 三是改革开放迈出新步伐。 全国统一大市场建设向纵深推进，综合整治"内卷式"竞争成效显 现，资本市场较为活跃，自主开放有序推进。 四是重点领域风险化解取得积极进展。 地方政府隐性债务有序置换，"保交房"任务 ...

Group 1 - The Central Economic Work Conference emphasized the importance of high-quality economic development and the need for collective efforts to achieve a good start for the 14th Five-Year Plan [2][4] - The conference highlighted the necessity of enhancing confidence and leveraging advantages to address external challenges, with a focus on internal capacity building [3][4] - The meeting called for the promotion of county-level economic development, particularly through the cultivation of characteristic industries and extending industrial chains [4] Group 2 - The conference proposed the construction of international technology innovation centers in key regions such as Beijing, Shanghai, and the Guangdong-Hong Kong-Macau Greater Bay Area, aiming to enhance regional collaboration and innovation [5][6] - The meeting stressed the importance of green development, urging key industries to implement energy-saving and carbon-reduction measures [6] - The establishment of the Hainan Free Trade Port is set to commence on December 18, with plans to optimize foreign investment and service trade regulations [7] Group 3 - The conference outlined measures to stabilize employment for key groups, including college graduates and migrant workers, and to improve educational resource allocation [8] - The focus on agricultural development was reinforced, with initiatives aimed at promoting rural revitalization and enhancing farmers' income through integrated agricultural and cultural tourism models [8]

Group 1 - The core focus of the Central Economic Work Conference is to prioritize domestic demand and build a strong domestic market as the main goal for China's economy in the coming year [1] - China's total import and export value reached 41.21 trillion yuan in the first 11 months of 2025, with a year-on-year growth of 3.6%, marking a historic trade surplus of over 1 trillion USD [1][3] - Private enterprises have become the mainstay of foreign trade, with their import and export value reaching 23.52 trillion yuan, a year-on-year increase of 7.1%, accounting for 57.1% of China's total foreign trade [6] Group 2 - Imports showed a weaker performance, with a year-on-year growth of only 0.2%, indicating a lack of domestic demand [8][10] - The current economic challenge is characterized by a strong supply but weak demand, leading to a mismatch that affects both businesses and consumers [15][19] - The Central Economic Work Conference emphasized the need to shift from quantity to quality in production, addressing the structural contradictions in supply and demand [21][23] Group 3 - The conference proposed a comprehensive plan to increase income for urban and rural residents, aiming to enhance consumption capacity and stimulate demand [29][36] - Experts suggest that improving basic public services and investing in human capital are crucial for increasing residents' consumption ability, especially for low-income groups [39] - The government plans to stabilize the real estate market by encouraging the acquisition of existing properties for affordable housing, which is expected to boost consumer confidence [41]

Group 1 - In 2025, China's economy faced significant challenges but showed resilience, with a focus on domestic demand and building a strong domestic market as highlighted in the Central Economic Work Conference [1][16] - The total value of China's goods trade import and export reached 41.21 trillion yuan, a year-on-year increase of 3.6%, with a trade surplus exceeding 1 trillion USD for the first time [1][3] - Private enterprises have become the mainstay of foreign trade, with their import and export value reaching 23.52 trillion yuan, a year-on-year increase of 7.1%, accounting for 57.1% of China's total foreign trade [7][9] Group 2 - The export growth of private enterprises outpaced that of state-owned and foreign enterprises, indicating their crucial role in driving trade growth [9] - Despite a decline in exports to the US by 18.9%, exports to ASEAN and the EU increased significantly, compensating for the drop [3][5] - The overall import growth was sluggish at 0.2%, reflecting weak domestic demand, which the Central Economic Work Conference emphasized needs to be addressed [10][20] Group 3 - The Central Economic Work Conference identified the imbalance between strong supply and weak demand as a major challenge, necessitating a focus on balancing supply and demand [20][22] - The government plans to implement a "rural and urban residents' income increase plan" to enhance consumer purchasing power, indicating a shift towards a more inclusive economic strategy [36][42] - The emphasis on quality over quantity in production is crucial for addressing the current economic challenges, with a focus on enhancing the supply of high-quality goods and services [29][31] Group 4 - The real estate market's stability is vital for consumer confidence, with measures proposed to stabilize the market and support affordable housing [49][51] - The government aims to shift fiscal spending from traditional infrastructure to social services like education and healthcare, which could enhance consumer spending capacity [47][46] - The Central Economic Work Conference set a policy direction of "seeking progress while maintaining stability" and "improving quality and efficiency," indicating a focus on sustainable economic growth [51]

Group 1 - The core economic growth target for Dongguan during the "15th Five-Year Plan" is to maintain an average annual growth rate of around 5%, aiming for a GDP exceeding 1.7 trillion yuan by 2030, with per capita GDP surpassing the threshold of moderately developed countries [1][2] - Dongguan's economic growth has slowed after years of rapid expansion, necessitating higher demands for economic structure and quality improvements [1][2] - The city aims to leverage technology and innovation as key drivers for new productive forces, focusing on AI and technology-driven industries to support economic advancement [2][3] Group 2 - Dongguan recognizes existing challenges in its economic development, including low overall quality, reliance on a single pillar industry, and a small scale of emerging strategic industries [2][3] - To address these shortcomings, Dongguan plans to enhance the integration of technological and industrial innovation, aiming for R&D investment to reach 4.1% of GDP and service industry value added to account for 50% of GDP by 2030 [3] - The city will focus on building a robust AI ecosystem, enhancing capabilities in AI hardware and software, and establishing a national AI application pilot base [5][4] Group 3 - Dongguan's foreign trade has shown resilience, with total import and export volume expected to reach a historical high by 2025, despite a challenging international environment [5] - The city plans to expand its overseas warehouse layout and establish more overseas exhibition centers to enhance trade quality and efficiency [5][6] - Dongguan aims to tap into the domestic market, leveraging its advantages as a key city in the Greater Bay Area to boost internal circulation and expand growth opportunities [6][7]

Core Insights - Jiangsu Province's foreign trade import and export value reached 5.4 trillion yuan in the first 11 months of this year, marking a historical high for the same period, with a year-on-year growth of 6.2%, surpassing the national average by 2.6 percentage points, accounting for 13.1% of China's total import and export value during the same period [1][1][1] Trade Performance - Exports totaled 3.6 trillion yuan, reflecting a growth of 9.4%, while imports amounted to 1.8 trillion yuan, with a modest increase of 0.3% [1][1][1] - General trade showed stable growth with a total of 3.02 trillion yuan, increasing by 4.2%, representing 55.8% of the province's foreign trade, contributing 2.4 percentage points to the overall growth; processing trade reached 1.8 trillion yuan, growing by 9.6% [1][1][1] Product Categories - Electromechanical products accounted for over 70% of exports, significantly driving export growth; specifically, electrical equipment and ships were exported at 217.43 billion yuan and 130.59 billion yuan, respectively, with growth rates of 19.7% and 37%; "new three samples" products saw exports of 167.85 billion yuan, increasing by 14.7% [1][1][1] Belt and Road Initiative - Trade with countries involved in the Belt and Road Initiative constituted half of the province's total trade, with imports and exports reaching 2.7 trillion yuan, a growth of 11.8%, contributing 10.3 percentage points to overall trade growth, and the proportion increased by 2.5 percentage points to 50% compared to the same period last year; trade with ASEAN countries was 977.16 billion yuan, growing by 21% [1][1][1]

中国发展网讯 12月10日，四川省凉山州政府新闻办在西昌举行"十四五"高质量发展凉山答卷系列主题新闻发布会（第五场），介绍"十四五"时期凉山服务 业经济高质量发展主要成就。 "十四五"时期，是凉山商务承压奋进、破冰突围的五年，是产业能级持续跃升、发展质效全面提升的五年。凉山商务始终锚定全国全省发展大局，紧扣"促 消费、稳外贸、强流通、惠民生、保安全"战略主线，推动服务业实现质的有效提升和量的合理增长，为全州经济高质量发展筑牢了坚实支撑、注入了强劲 动能。 能级跃升"新台阶"，产业支撑愈发强劲。以"4+6"现代服务业体系建设为核心牵引，持续壮大经营主体、集聚发展动能，累计培育规（限）上服务业单位 1800户，形成梯次发展、多点支撑的产业格局。西昌市跻身全国县域商业"领跑县"并获评省级服务业高质量发展培育县，德昌县斩获"全省服务业强县"殊 荣，西昌市、宁南县、越西县入选县域商业建设行动激励县，产业聚集度和核心竞争力显著增强。2021年至2024年，全州服务业增加值接连跨越800亿元、 900亿元、千亿元大关，实现三年三大步的跨越式发展；2025年将历史性突破1200亿元。服务业"压舱石""主引擎"作用愈发凸显，成 ...

Core Insights - The report analyzes the current state and future trends of China's foreign trade through the lens of the 138th Canton Fair, highlighting a shift from "scale expansion" to "value competition" in foreign trade practices [1][5] Group 1: Market Dynamics - Over 310,000 overseas buyers attended the 138th Canton Fair, with 74,500 exhibition booths and more than 32,000 participating companies, marking a historical high [3] - The fair showcased over 10,000 high-quality enterprises recognized for advanced technology and innovation, with smart products, green energy-efficient appliances, and intelligent robots being the main highlights [3] - Emerging markets are becoming the growth engine for China's foreign trade, with a 14.1% increase in pre-registered buyers, particularly from Belt and Road Initiative countries, which saw a 9.4% growth [5][7] Group 2: Technological Empowerment - AI is becoming a core driver for the development of the foreign trade industry, enhancing user experience and enabling businesses to transition from merely using AI tools to integrating into the AI ecosystem [7][9] Group 3: Compliance and Risk Management - Compliance has become a necessity for long-term profitability in an increasingly complex international trade environment, with 43% of cross-border traders prioritizing compliance as a core focus [9][12] - The instability of tariff policies poses systemic shocks to the foreign trade payment system, necessitating real-time adjustments in transaction prices [9][12] Group 4: Branding and Market Strategy - The market for self-built websites in China reached 1.4 trillion yuan in 2022, with market share expected to grow from 9.8% in 2016 to 41%-50% by 2025, indicating a shift towards brand building in overseas markets [14][16] - Companies are increasingly recognizing the importance of establishing long-term relationships with consumers rather than focusing solely on one-time transactions [14][16] Group 5: Future Trends - The foreign trade landscape is evolving along three clear trends: value reconstruction, deep localization, and compliance resilience, which are essential for companies to find stable growth in changing circumstances [16][18]

Core Viewpoint - The article emphasizes Guangzhou's unique ability to support a large population and its role as a significant economic hub, highlighting its resilience and capacity to manage a diverse demographic [5][20]. Group 1: Population and Economic Capacity - As of 2024, Guangzhou's registered population is 10.75 million, while the resident population reaches 18.97 million, with actual management exceeding 24 million, comparable to Beijing and Shanghai [7]. - The city accommodates approximately 13.25 million migrant workers daily, reflecting its role as a major employment center [8]. - Guangzhou has 4.2174 million business entities as of October 2025, ranking second among Chinese cities, indicating a strong entrepreneurial environment [8]. Group 2: Foreign Trade Performance - In the first ten months of the year, Guangzhou's total foreign trade reached 1.02 trillion yuan, a year-on-year increase of 12.1%, with exports rising by 20.5%, leading among the top ten foreign trade cities [9]. Group 3: Logistics and Population Management - In the first seven months of the year, Guangzhou processed over 13 billion express deliveries, maintaining the highest volume in the country, significantly surpassing other major cities [12]. - The article suggests that the actual population size of Guangzhou is underestimated, leading to substantial pressure on public services and urban management [13]. Group 4: Economic Behavior of Migrant Workers - Many migrant workers in Guangzhou tend to save on low-end consumption while sending their earnings back home for significant expenses like housing and weddings, indicating a unique economic behavior [15]. Group 5: Urban Challenges and Achievements - Despite its achievements, Guangzhou faces challenges in industrial transformation and urban governance, yet it remains a leading provincial capital with a population burden that exceeds its fiscal capacity [20].

Economic Performance - Shanghai's GDP achieved a remarkable growth of 5.5% in the first three quarters, demonstrating strong resilience despite a complex external environment [1] - The annual growth rate may face some downward pressure due to the high growth base from the previous year's fourth quarter [1] Foreign Trade - Shanghai's foreign trade import and export total increased by 5.2% year-on-year from January to October, with exports rising by 10.5% [2] - Exports to non-US markets grew by 16.3%, indicating strong market competitiveness and expansion capabilities of Chinese and Shanghai enterprises [2] Transportation and Financial Markets - Airport passenger throughput increased by 8.2% due to holiday travel, while waterway and road freight turnover rose by 3.7% and 2.1% respectively [2] - The financial sector saw a total transaction volume of 29.678 trillion yuan in the first three quarters, a year-on-year increase of 12.7% [2] Industrial Transformation - The transformation of Shanghai's economic structure accelerated, with the three leading industries' manufacturing output growing by 7.6% from January to October [3] - The output of integrated circuits and artificial intelligence increased by 10.9% and 11.1% respectively, showcasing the growth of new productive forces [3][4] Consumer and Investment Trends - Retail sales of consumer goods in Shanghai rose by 4.8% year-on-year, surpassing the national average for the first time [5] - Fixed asset investment increased by 5.8% year-on-year, with significant investments in urban renewal projects [5] Employment and Income - Employment remained stable, and the overall price level was steady, with a reduction in the income gap between urban and rural residents [6]