0:00 国家统计局1月19日发布数据显示，2025年，面对国内外经济环境的复杂变化，在以习近平同志为核心的党中央坚强领导下，各地区各部门深入贯彻 落实党中央、国务院决策部署，坚定不移贯彻新发展理念、推动高质量发展，统筹国内国际两个大局，统筹发展和安全，实施更加积极有为的宏观政策， 纵深推进全国统一大市场建设，国民经济运行顶压前行、向新向优，高质量发展取得新成效，经济社会发展主要目标任务圆满实现，"十四五"胜利收官。 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%。分产业看： 第一产业增加值93347亿元，比上年增长3.9%； 第二产业增加值499653亿元，增长4.5%； 第三产业增加值808879亿元，增长5.4%。 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%。 从环比看，四季度国内生产总值增长1.2%。 一、粮食增产丰收，畜牧业稳定增长 全年全国粮食总产量71488万吨，比上年增加838万吨，增长1.2%。其中，夏粮产量14975万吨，下降0.1%；早稻产量2851万吨，增长1.2%；秋粮产量 536 ...

从全年来看，采矿业增加值增长5.6%，制造业增长6.4%，电力、热力、燃气及水生产和供应业增长2.3%。装备制造业增加值增长9.2%，高技术制造业增加 值增长9.4%，增速分别快于规模以上工业3.3、3.5个百分点。 不难看出，装备制造业和高技术制造业增势较好。与之相关的是，2025年，新质生产力给我国经济发展带来诸多新的亮点和变化，从产业来看，产业向新力 积聚成势。 21世纪经济报道记者冉黎黎 北京报道 2026年1月19日，国家统计局发布数据显示，2025年12月份，规模以上工业增加值同比实际增长5.2%（增加值增速均 为扣除价格因素的实际增长率）。从环比看，12月份，规模以上工业增加值比上月增长0.49%。 2025年，全国规模以上工业增加值比上年增长5.9%，保持较快增长态势，增速较上年加快0.1个百分点。 规模以上工业增加值同比增长速度。（国家统计局/图） 分三大门类看，12月份，采矿业增加值同比增长5.4%，制造业增长5.7%，电力、热力、燃气及水生产和供应业增长0.8%。 进一步而言，国家统计局局长康义在当日举行的2025年国民经济运行情况新闻发布会上提到，高端装备、绿色能源、智能制造等新兴领域 ...

第三产业中，基础设施投资（不含电力、热力、燃气及水生产和供应业）比上年下降2.2%。其中，管 道运输业投资增长36.0%，多式联运和运输代理业投资增长22.9%，水上运输业投资增长7.7%。 分地区看，东部地区投资比上年下降8.4%，中部地区投资下降2.7%，西部地区投资下降1.3%，东北地 区投资下降15.5%。 分登记注册类型看，内资企业固定资产投资比上年下降3.8%，港澳台企业固定资产投资下降2.2%，外 商企业固定资产投资下降13.8%。 2025年固定资产投资(不含农户)主要数据 注:此表中速度均未扣除价格固意。 据国家统计局网站19日发布数据，2025年，全国固定资产投资（不含农户）485186亿元，比上年下降 3.8%。其中，民间固定资产投资比上年下降6.4%。从环比看，12月份固定资产投资（不含农户）下降 1.13%。 分产业看，第一产业投资9570亿元，比上年增长2.3%；第二产业投资177368亿元，增长2.5%；第三产 业投资298248亿元，下降7.4%。 第二产业中，工业投资比上年增长2.6%。其中，采矿业投资增长2.5%，制造业投资增长0.6%，电力、 热力、燃气及水生产和供应业投 ...

Core Insights - In December 2025, the industrial added value of large-scale industries in China experienced a year-on-year real growth of 5.2% and a month-on-month growth of 0.49% [1] Group 1: Industrial Performance - The mining industry saw a year-on-year growth of 5.4%, while the manufacturing sector grew by 5.7%, and the production and supply of electricity, heat, gas, and water increased by 0.8% in December [3] - Among different economic types, state-controlled enterprises had a year-on-year growth of 3.9%, joint-stock enterprises grew by 5.8%, foreign and Hong Kong, Macao, and Taiwan-invested enterprises increased by 2.7%, and private enterprises saw a growth of 4.2% [3] - Out of 41 major industries, 33 reported year-on-year growth in added value, with notable increases in coal mining and washing (6.4%), oil and gas extraction (3.7%), and food processing (3.2%) [3] Group 2: Product Output - In December, among 623 industrial products, 325 reported a year-on-year increase in output, including a 4.9% increase in ten non-ferrous metals and a 3.0% increase in ethylene [4] - The production of automobiles reached 3.412 million units, a decrease of 2.8%, while new energy vehicles grew by 8.7% to 1.791 million units [4] - The sales rate of products from large-scale industrial enterprises was 98.2%, reflecting a year-on-year decline of 0.7 percentage points, and the export delivery value reached 1.4932 trillion yuan, showing a nominal year-on-year growth of 3.2% [4]

Core Insights - In 2025, China's total fixed asset investment (excluding rural households) is projected to be 48,518.6 billion yuan, representing a decline of 3.8% compared to the previous year [1] - Private fixed asset investment is expected to decrease by 6.4% year-on-year [1] - Month-on-month, fixed asset investment (excluding rural households) fell by 1.13% in December [1] Investment by Industry - Investment in the primary industry reached 957 billion yuan, showing a growth of 2.3% year-on-year [3] - Investment in the secondary industry totaled 177,368 billion yuan, with a growth of 2.5% [3] - The tertiary industry saw a decline in investment of 7.4%, totaling 298,248 billion yuan [3] - Within the secondary industry, industrial investment grew by 2.6%, with mining investment increasing by 2.5%, manufacturing investment rising by 0.6%, and investment in electricity, heat, gas, and water production and supply increasing by 9.1% [3] - In the tertiary industry, infrastructure investment (excluding electricity, heat, gas, and water production and supply) decreased by 2.2% [3] - Notable growth in infrastructure investment includes a 36% increase in pipeline transportation and a 22.9% increase in multimodal transport and transportation agency services [3] Investment by Region - Investment in the eastern region declined by 8.4% year-on-year [3] - The central region experienced a decrease of 2.7% in investment [3] - The western region saw a decline of 1.3% in investment [3] - The northeastern region faced the most significant drop, with a decrease of 15.5% [3] Investment by Registration Type - Domestic enterprises' fixed asset investment fell by 3.8% year-on-year [3] - Investment from Hong Kong, Macau, and Taiwan enterprises decreased by 2.2% [3] - Foreign enterprises experienced a significant decline in fixed asset investment, dropping by 13.8% [3]

Group 1 - The core viewpoint of the article indicates that in 2025, the total fixed asset investment (excluding rural households) in China is projected to be 48,518.6 billion yuan, representing a decline of 3.8% compared to the previous year [1][3] - Private fixed asset investment is expected to decrease by 6.4% year-on-year [1][3] - In December, the month-on-month fixed asset investment (excluding rural households) fell by 1.13% [1][3] Group 2 - By industry, first industry investment reached 957 billion yuan, showing a growth of 2.3% year-on-year; second industry investment was 177,368 billion yuan, with a growth of 2.5%; while third industry investment declined by 7.4% [3] - Within the second industry, industrial investment increased by 2.6%, with mining investment growing by 2.5%, manufacturing investment rising by 0.6%, and investment in electricity, heat, gas, and water production and supply increasing by 9.1% [3] - In the third industry, infrastructure investment (excluding electricity, heat, gas, and water production and supply) decreased by 2.2%, with pipeline transportation investment growing by 36.0%, multimodal transport and transportation agency investment increasing by 22.9%, and water transportation investment rising by 7.7% [3] Group 3 - By region, investment in the eastern region fell by 8.4% year-on-year, the central region saw a decline of 2.7%, the western region decreased by 1.3%, and the northeastern region experienced a significant drop of 15.5% [3] - By registration type, domestic enterprise fixed asset investment decreased by 3.8%, investment from Hong Kong, Macau, and Taiwan enterprises fell by 2.2%, and foreign enterprise fixed asset investment declined by 13.8% [3]

2025年，面对国内外经济环境的复杂变化，在以习近平同志为核心的党中央坚强领导下，各地区各部门 深入贯彻落实党中央、国务院决策部署，坚定不移贯彻新发展理念、推动高质量发展，统筹国内国际两 个大局，统筹发展和安全，实施更加积极有为的宏观政策，纵深推进全国统一大市场建设，国民经济运 行顶压前行、向新向优，高质量发展取得新成效，经济社会发展主要目标任务圆满实现，"十四五"胜利 收官。 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%。分产业看，第一产业 增加值93347亿元，比上年增长3.9%；第二产业增加值499653亿元，增长4.5%；第三产业增加值808879 亿元，增长5.4%。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%。从环比看，四季度国内生产总值增长1.2%。 一、粮食增产丰收，畜牧业稳定增长 全年全国粮食总产量71488万吨，比上年增加838万吨，增长1.2%。其中，夏粮产量14975万吨，下降 0.1%；早稻产量2851万吨，增长1.2%；秋粮产量53662万吨，增长1.5%。分品种看，小麦产量14007 ...

Core Viewpoint - In 2025, China's fixed asset investment (excluding rural households) reached 48,518.6 billion yuan, representing a decline of 3.8% compared to the previous year, with private investment decreasing by 6.4% [1][4]. Investment by Industry - Investment in the primary industry was 957 billion yuan, an increase of 2.3% year-on-year [3]. - Investment in the secondary industry totaled 177,368 billion yuan, growing by 2.5% [3]. - Investment in the tertiary industry was 298,248 billion yuan, showing a decline of 7.4% [3]. - Within the secondary industry, industrial investment increased by 2.6%, with mining investment up by 2.5%, manufacturing investment up by 0.6%, and investment in electricity, heat, gas, and water production and supply rising by 9.1% [3]. Infrastructure and Regional Investment - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) in the tertiary industry decreased by 2.2% [3]. - Investment in pipeline transportation grew by 36.0%, while multimodal transport and transportation agency investment rose by 22.9%, and water transportation investment increased by 7.7% [3]. - Investment in the eastern region fell by 8.4%, the central region by 2.7%, the western region by 1.3%, and the northeastern region by 15.5% [3]. Investment by Registration Type - Domestic enterprises' fixed asset investment decreased by 3.8%, while investment from Hong Kong, Macau, and Taiwan enterprises fell by 2.2%, and foreign enterprises' investment dropped by 13.8% [3][5].

Core Insights - The industrial production in China showed rapid growth, with the total industrial value-added increasing by 5.9% year-on-year [1] Group 1: Industrial Growth - The mining sector's value-added increased by 5.6%, while the manufacturing sector grew by 6.4%, and the electricity, heat, gas, and water production and supply sector grew by 2.3% [1] - The equipment manufacturing industry saw a value-added growth of 9.2%, and the high-tech manufacturing industry experienced a 9.4% increase, both outpacing the overall industrial growth by 3.3 and 3.5 percentage points respectively [1] Group 2: Economic Types - State-owned enterprises reported a value-added growth of 4.6%, while joint-stock enterprises grew by 6.3%, foreign and Hong Kong, Macao, and Taiwan-invested enterprises increased by 3.9%, and private enterprises saw a growth of 5.3% [1] Group 3: Product Performance - The production of 3D printing equipment, industrial robots, and new energy vehicles increased significantly, with growth rates of 52.5%, 28.0%, and 25.1% respectively [1] Group 4: December Performance - In December, the industrial value-added increased by 5.2% year-on-year and 0.49% month-on-month [1] - The manufacturing purchasing managers' index (PMI) was at 50.1, rising by 0.9 percentage points from the previous month, while the business activity expectation index increased to 55.5, up by 2.4 percentage points [1] Group 5: Profitability - From January to November, the total profit of large-scale industrial enterprises reached 66,269 billion yuan, reflecting a year-on-year growth of 0.1% [1]

分产业看，第一产业投资9570亿元，比上年增长2.3%;第二产业投资177368亿元，增长2.5%;第三产业投资298248亿元，下降7.4%。 第二产业中，工业投资比上年增长2.6%。其中，采矿业投资增长2.5%，制造业投资增长0.6%，电力、热力、燃气及水生产和供应业投 资增长9.1%。 第三产业中，基础设施投资(不含电力、热力、燃气及水生产和供应业)比上年下降2.2%。其中，管道运输业投资增长36.0%，多式联运 和运输代理业投资增长22.9%，水上运输业投资增长7.7%。 分地区看，东部地区投资比上年下降8.4%，中部地区投资下降2.7%，西部地区投资下降1.3%，东北地区投资下降15.5%。 智通财经APP获悉，1月19日，国家统计局发布2025年全国固定资产投资基本情况。2025年，全国固定资产投资(不含农户)485186亿 元，比上年下降3.8%(按可比口径计算)。其中，民间固定资产投资比上年下降6.4%。从环比看，12月份固定资产投资(不含农户)下降 1.13%。分产业看，第一产业投资9570亿元，比上年增长2.3%；第二产业投资177368亿元，增长2.5%；第三产业投资298248亿元，下 ...