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 ...

Core Viewpoint - In 2025, China's GDP reached 140.19 trillion yuan, marking a 5.0% increase from the previous year, with significant achievements in economic stability and growth during a challenging environment [1][2]. Economic Growth - The GDP growth was consistent across quarters: 5.4% in Q1, 5.2% in Q2, 4.8% in Q3, and 4.5% in Q4 [1]. - The urban survey unemployment rate averaged 5.2%, indicating overall employment stability [2]. - The total retail sales of consumer goods exceeded 50 trillion yuan, growing by 3.7% year-on-year, with service retail sales increasing by 5.5% [2]. Industrial Performance - The industrial added value reached 41.7 trillion yuan, a 5.8% increase, contributing 35% to economic growth, up by 1.8 percentage points from the previous year [3]. - The manufacturing sector's added value was 34.7 trillion yuan, growing by 6.1%, maintaining a stable share of around 25% of GDP [3]. Future Economic Outlook - The year 2026 is seen as a new starting point for China's economy, with strong foundations and potential for long-term growth despite external challenges [4]. - The economic performance in 2025, achieving a 5.0% growth rate, reflects resilience and vitality in the face of adverse external influences [4]. New Growth Drivers - The emergence of new production capacities and the benefits of reforms are becoming increasingly evident, with traditional sectors slowing down while new growth drivers, such as artificial intelligence and digital economy, are gaining momentum [5]. - The manufacturing value of digital products grew by 9.3%, with significant advancements in sectors like electric vehicles and logistics [5]. Supportive Policies - Proactive macroeconomic policies are ensuring stable economic operations, with measures to expand demand and optimize supply effectively implemented [6]. - The growth rate of retail sales and industrial added value accelerated by 0.2 and 0.3 percentage points, respectively, compared to the previous year [6].

Core Insights - In 2025, China's economy demonstrated stability and resilience, with a GDP of 140,187.9 billion yuan, reflecting a growth rate of 5.0% compared to the previous year [1] - The contribution of China's economy to global growth is expected to remain around 30%, highlighting its role as a key driver in the world economy [1] - The "Four Stabilities" policy was introduced to stabilize employment, enterprises, markets, and expectations amid external challenges [2] Economic Growth - China's GDP growth was steady throughout the year, with quarterly growth rates of 5.4%, 5.2%, 4.8%, and 4.5% respectively [1] - The average annual growth rate during the "14th Five-Year Plan" period was 5.4%, with an economic increment exceeding 36 trillion yuan [1] Foreign Trade - In 2025, China's total goods import and export reached 45.47 trillion yuan, a historical high with a year-on-year growth of 3.8% [1] - High-tech product exports increased by 13.2%, with significant growth in sectors like robotics [1] - Exports to countries involved in the Belt and Road Initiative grew by 11.2%, indicating a diversified market strategy [1] Consumption Trends - The total retail sales of consumer goods surpassed 50 trillion yuan, with a year-on-year growth of 3.7% [2] - The contribution of final consumption expenditure to economic growth was 52.0% [2] - Digital consumption accounted for nearly half of residents' total consumption expenditure, with online retail sales growing by 8.6% [3] Manufacturing and Innovation - The manufacturing sector showed robust growth, with the value added in high-tech manufacturing increasing by 9.4% [4] - The production of new energy vehicles accounted for over 50% of domestic new car sales, with an average of 45,000 new energy vehicles produced daily [4] - The application of artificial intelligence and digital technologies is driving significant improvements in productivity and efficiency across various industries [5] Investment and Future Outlook - China's innovation index has entered the global top ten, with rapid growth in new industries such as artificial intelligence and commercial aerospace [6] - Effective investment in areas like computing power and data centers is expected to transform the growth dynamics of the Chinese economy in the coming years [6] - The overall economic landscape remains stable, with a focus on high-quality development and resilience in the face of external uncertainties [6]

Economic Overview - In 2025, China's GDP reached 140,187.9 billion yuan, marking a 5.0% increase from the previous year, achieving a significant milestone in economic growth [1][2] - The economic growth during the "14th Five-Year Plan" period has consistently crossed major thresholds of 110 trillion, 120 trillion, 130 trillion, and now 140 trillion yuan [2] Growth Characteristics - The year 2025 showcased a distinct "new direction" in the economy, evident in sectors such as consumption, investment, and exports, with emerging trends like the silver economy, ice and snow economy, and first-release economy becoming new growth points [1][8] - High-tech industries, particularly in information services, saw double-digit investment growth, indicating a shift towards advanced manufacturing and innovation [3][7] Manufacturing Sector - The added value of the manufacturing industry grew by 6.4%, significantly outpacing mining (5.6%) and electricity, heat, gas, and water production (2.3%), highlighting manufacturing as the core driver of industrial economic growth [5][6] - In 2025, the added value of high-tech manufacturing increased by 9.4%, with a notable contribution from equipment manufacturing, which grew by 9.2% [4][5] Consumption and Investment - Total retail sales of consumer goods surpassed 50 trillion yuan, growing by 3.7%, with online retail sales increasing by 8.6% [8] - Investment in high-tech industries, such as information services and aerospace manufacturing, rose by 28.4% and 16.9%, respectively, despite an overall decline in total investment by 3.8% [8] Export Performance - The total value of goods imports and exports reached 454,687 billion yuan, reflecting a 3.8% increase, with high-tech product exports rising by 13.2% [8] Future Outlook - Looking ahead to 2026, the focus will be on stabilizing domestic demand and enhancing the role of high-tech manufacturing to counteract potential external pressures on trade [9][10] - The government aims to maintain a stable growth trajectory while addressing structural adjustments to ensure quality development [9]

Economic Overview - In 2025, China's GDP reached 140,187.9 billion yuan, growing by 5.0% year-on-year, with quarterly growth rates of 5.4%, 5.2%, 4.8%, and 4.5% respectively [3][5] - The average annual growth rate during the "14th Five-Year Plan" period was 5.4%, with an economic increment exceeding 36 trillion yuan, showcasing China's resilience and adaptability [5] Foreign Trade Performance - China's total import and export value in 2025 was 45.47 trillion yuan, a historical high, with a year-on-year growth of 3.8% and exports increasing by 6.1% [7] - High-tech product exports grew by 13.2%, with significant increases in the export of handling and welding robots [8] - Exports to countries involved in the "Belt and Road" initiative rose by 11.2%, indicating a diversified market strategy [8] Consumption Trends - The total retail sales of consumer goods surpassed 50 trillion yuan, growing by 3.7%, with final consumption contributing 52.0% to economic growth [14] - Online retail sales increased by 8.6%, with live-streaming sales growing over 10% and instant retail transactions exceeding 30% [14] - Service consumption became a core driver of growth, with service retail sales increasing by 5.5% [15] Manufacturing and Production - The added value of major equipment manufacturing grew by 9.2%, and high-tech manufacturing increased by 9.4%, outpacing overall industrial growth [16] - New energy vehicles accounted for over 50% of domestic new car sales, with an average of 45,000 new energy vehicles produced daily [16] Technological Advancements - The integration of artificial intelligence into the economy is accelerating, with the core industry scale exceeding one trillion yuan [20] - Investment in high-tech manufacturing is outpacing traditional sectors, contributing to structural optimization and the formation of new growth drivers [24] - China's innovation index has entered the global top ten, with rapid growth in sectors like artificial intelligence and commercial aerospace [22] Conclusion - The "14th Five-Year Plan" has concluded successfully, with China's economy demonstrating resilience and a steady growth trajectory despite external pressures [25]

Economic Performance - In 2025, China's GDP reached 140.19 trillion yuan, marking a 5% increase from the previous year, and achieving a significant milestone in economic growth [2][3] - The economy demonstrated resilience and progress, with a "four consecutive jumps" in GDP crossing 110 trillion, 120 trillion, 130 trillion, and finally 140 trillion yuan during the "14th Five-Year Plan" [3][4] New Growth Drivers - Research and development (R&D) investment intensity reached 2.8% in 2025, surpassing the OECD average for the first time, indicating a strong focus on innovation [4] - The manufacturing sector saw a 9.3% increase in the value added of digital product manufacturing, with significant growth in new energy vehicles, which accounted for over 50% of domestic new car sales [4][5] Trade and Consumption - Despite external challenges, China's total goods import and export value reached 45.47 trillion yuan in 2025, a 3.8% increase year-on-year, with exports growing by 6.1% [5] - Retail sales of consumer goods surpassed 50 trillion yuan, reflecting a 3.7% increase from the previous year, showcasing the strength of domestic consumption [5] Price Stability - The Consumer Price Index (CPI) remained stable in 2025, with an annual average unchanged from the previous year, while December saw a 0.8% increase, the highest in nearly three years [6][9] - Factors contributing to CPI stability included a decline in food prices by 1.5% and energy prices by 3.3%, which collectively impacted CPI negatively [6][7] Future Outlook - The government aims to promote economic stability and reasonable price recovery as key considerations for monetary policy in 2026, with expectations for CPI to achieve moderate positive growth [9][10] - Structural reforms and demand expansion are anticipated to support price recovery, with a focus on improving residents' income and employment expectations [8][9]

Economic Overview - In 2025, China's GDP surpassed 140 trillion yuan, reaching 140.19 trillion yuan, with a year-on-year growth of 5% [1][3] - The economic growth during the "14th Five-Year Plan" period has achieved significant milestones, marking consecutive increases in GDP from 110 trillion to 140 trillion yuan [1][3] Production Growth - The primary industry added value was 9.33 trillion yuan, growing by 3.9%; the secondary industry added value was 49.97 trillion yuan, growing by 4.5%; and the tertiary industry added value was 80.89 trillion yuan, growing by 5.4% [3] - National grain production reached 715 million tons, a 1.2% increase, while meat production exceeded 10 million tons, growing by 4.2% [3] - Industrial production saw a significant increase, with a 5.9% growth in the value added of large-scale industries, and high-tech manufacturing sectors grew by 9.4% [3] Demand Expansion - The total retail sales of consumer goods reached 50.12 trillion yuan, with a year-on-year growth of 3.7%, driven by a 3.8% increase in goods retail and a 5.5% increase in service retail [4] - Manufacturing investment grew by 0.6%, with high-tech industries such as information services and aerospace seeing substantial increases of 28.4% and 16.9%, respectively [4] - The total import and export volume reached 45.47 trillion yuan, growing by 3.8%, with private enterprises' exports increasing by 7.1% [4] High-Quality Development - The economic growth is supported by high-quality development, with R&D expenditure intensity reaching 2.8%, surpassing the OECD average for the first time [6] - China's innovation index entered the global top ten, reflecting advancements in key technologies and integration of technological and industrial innovation [6] - The manufacturing value added of digital products grew by 9.3%, and new energy vehicle sales accounted for over 50% of domestic new car sales [6] Future Outlook - The economic foundation remains strong, with favorable conditions for stable growth in 2026, despite external challenges [7] - The contribution rate of final consumption expenditure to economic growth exceeded 50%, indicating a shift towards balanced consumption between goods and services [4][7]

"2025年，我国经济发展向新向优，预期目标圆满实现。"1月19日，国新办举行新闻发布会，国家统计局局 长康义在会上如此表示。 这份年报最引人注目的数据是：全年国内生产总值（GDP）首次跃上140万亿元新台阶，比上年增长5.0%。同 时，多项核心数据不仅创新高，更在全球坐标系中巩固了领先地位。 展望2026年，康义认为，总体来看，机遇大于挑战，有利条件强于不利因素，我国经济稳中向好有条件、有支 撑。从近期情况看，经济运行已显现积极信号。同时，政策工具箱已准备就绪并将持续发力。 经济增速在主要经济体中名列前茅 2025年GDP同比增长5.0%，实现了年初政府工作报告设定的经济增长目标。 "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。"康义表示，整个"十四五"时期，中国对世界经济增长的年均贡献率达到30% 左右，为世界经济提供了稳定的支撑和更广的合作空间。 面对传统动能放缓的现实，中国经济"向新而行"的势头越发鲜明。 康义指出，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的比重上升到17.1%。 在回应关于新质生产力的 ...

Core Viewpoint - The Chinese economy in 2025 is characterized by stability, progress, innovation, and resilience, achieving a GDP of 140 trillion yuan with a growth rate of 5.0% compared to the previous year [2][6]. Economic Stability - The stability of the Chinese economy has been reinforced, with a significant GDP growth and a stable urban unemployment rate of 5.2% [2][3]. - The foreign exchange reserves exceeded 3.3 trillion USD, and trade volume reached new highs [2][3]. Economic Progress - Despite complex internal and external environments, the focus on high-quality development has accelerated the transformation of new and old growth drivers [3][4]. - The contribution of final consumption expenditure to economic growth surpassed 50%, and the high-tech manufacturing sector's value added reached 17.1% of total industrial output [3][4]. Innovation and New Drivers - Research and development expenditure intensity increased to 2.8%, surpassing the OECD average for the first time, with significant advancements in AI, quantum technology, and other fields [4][5]. - The digital product manufacturing sector saw a 9.3% increase in value added, and new energy vehicles accounted for over 50% of domestic sales [4][5]. Economic Resilience - The Chinese economy demonstrated strong resilience amid global economic disruptions, contributing approximately 30% to global economic growth [5][8]. - High-tech product exports grew by 13.2%, showcasing the robustness of China's trade relationships [5][8]. Future Economic Outlook - The foundation for economic growth in 2026 is solid, with expectations of continued stability and support from proactive macroeconomic policies [9][11]. - The focus on high-quality development and innovation will further enhance China's economic capabilities and resilience [9][11].

2025年，面对国内外形势复杂变化，各地区各部门深入贯彻落实党中央、国务院决策部署，实施更加积 极有为的宏观政策，全国工业生产平稳向好，工业企业出口韧性彰显，企业利润结构改善，装备制造 业、高技术制造业较快增长，传统制造业优化升级，新质生产力加快形成，工业经济持续向优向新发 展。 一、工业生产稳中有进，出口、利润结构改善 工业品出口韧性彰显，企业利润结构改善。2025年，在外部环境不稳定不确定性明显上升的背景下，规 模以上工业企业实现出口交货值15.8万亿元，比上年增长2.2%，展现出较强韧性和活力。其中，装备制 造行业出口表现亮眼，铁路船舶航空航天、专用设备、汽车行业出口交货值分别增长24.2%、10.2%、 7.5%。企业利润结构不断优化，2025年1—11月份，规模以上工业企业利润保持增长，其中装备制造业 利润同比增长7.7%，拉动全部规模以上工业企业利润增长2.8个百分点，是对规模以上工业企业利润增 长拉动作用最强的板块。 二、转型升级扎实推进，夯实工业向优基本盘 装备制造业占比持续提升，"压舱石"作用进一步凸显。2025年，规模以上装备制造业增加值比上年增长 9.2%，增速较上年加快1.5个百分点； ...