（2026年1月19日） 国家统计局 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 ...

Core Insights - 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 [1] - Private fixed asset investment decreased by 6.4% year-on-year [1] - Month-on-month, fixed asset investment fell by 1.13% in December [1] Investment by Industry - Primary industry investment was 957 billion yuan, showing a growth of 2.3% year-on-year [3] - Secondary industry investment totaled 177,368 billion yuan, with a growth of 2.5% [3] - Tertiary industry investment was 298,248 billion yuan, experiencing a decline of 7.4% [3] - Within the secondary industry, industrial investment grew 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 up 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 specific sectors included pipeline transportation investment up by 36.0%, multimodal transport and logistics investment up by 22.9%, and water transportation investment up by 7.7% [3] Investment by Region - Investment in the eastern region declined by 8.4% year-on-year [3] - The central region saw a decrease of 2.7% in investment [3] - Investment in the western region fell by 1.3% [3] - The northeastern region experienced the most significant decline, with a drop of 15.5% [3] Investment by Registration Type - Domestic enterprises' fixed asset investment decreased by 3.8% year-on-year [4] - Investment from Hong Kong, Macau, and Taiwan enterprises fell by 2.2% [4] - Foreign enterprises' fixed asset investment saw a significant decline of 13.8% [4]

Core Viewpoint - In 2025, China's 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][4]. Investment by Sector - Investment in the primary industry reached 957 billion yuan, showing a growth of 2.3% year-on-year [3][4]. - Investment in the secondary industry totaled 177,368 billion yuan, with a growth of 2.5% [3][4]. - Investment in the tertiary industry was 298,248 billion yuan, reflecting a decline of 7.4% [3][4]. Secondary Industry Breakdown - Industrial investment in the secondary industry increased by 2.6% year-on-year [3]. - Mining investment grew by 2.5%, while manufacturing investment saw a modest increase of 0.6% [3]. - Investment in the electricity, heat, gas, and water production and supply industry surged by 9.1% [3]. Tertiary Industry Breakdown - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) decreased by 2.2% [3]. - Notable growth was observed in pipeline transportation (36.0%), multimodal transport and agency services (22.9%), and water transportation (7.7%) [3]. Regional Investment Trends - Investment in the eastern region declined by 8.4% year-on-year [3]. - The central region experienced a decrease of 2.7%, while the western region saw a decline of 1.3% [3]. - The northeastern region faced the most significant drop at 15.5% [3]. Investment by Registration Type - Domestic enterprises' fixed asset investment fell by 3.8% [4]. - Investment from Hong Kong, Macau, and Taiwan enterprises decreased by 2.2% [4]. - Foreign enterprises experienced a substantial decline of 13.8% in fixed asset investment [4].

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%。 据国家统计局，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，详见附注7）。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%。 -3.8 其中：国有控股 -2.5 其中：民间投资 -6.4 按构成分 建筑安装工程 -8.4 设备工器具购置 11.8 其他费用 -2.3 分产业 第一产业 2.3 第二产业 2.5 第三 ...

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。 三、服务业平稳增长，现代服务业发展良好 全年服务业增加值比上年增长5.4%。其中，信息传输、软件和信息技术服务业，租赁和商务服务业，交通运输、仓储和邮政业，批发和零售 业，住宿和餐饮业增加值分别增长11.1%、10.3%、5.2%、5.0%、4.9%。12月份，服务业生产指数同比增长5.0%。其中，信息传输、软件和信息 技术服务业，租赁和商务服务业，金融业生产指数分别增长14.8%、11.3%、6.5%。1—11月份，规模以上服务业企业营业收入同比增长7.8%。12 月份，服务业商务活动指数为49.7%，比上月上升0.2个百分点；服务业业务活动预期指数为56.4%，上升0.5个百分点。其中，电信广播电视及卫 星传输服务、货币金融服务、资本 ...

Core Insights - The National Bureau of Statistics reported that the industrial added value above designated size in the country is expected to grow by 5.9% in 2025 compared to the previous year [1] Group 1: Industrial Growth - The mining industry is projected to see an added value growth of 5.6%, while the manufacturing sector is expected to grow by 6.4%. The electricity, heat, gas, and water production and supply industry is anticipated to grow by 2.3% [1] - The equipment manufacturing industry is forecasted to grow by 9.2%, and the high-tech manufacturing industry is expected to grow by 9.4%, both outpacing the overall industrial growth by 3.3 and 3.5 percentage points respectively [1] Group 2: Economic Types - State-controlled enterprises are projected to have an added value growth of 4.6%, while joint-stock enterprises are expected to grow by 6.3%. Foreign and Hong Kong, Macao, and Taiwan-invested enterprises are anticipated to grow by 3.9%, and private enterprises are expected to grow by 5.3% [1] Group 3: Product Performance - The production of 3D printing equipment, industrial robots, and new energy vehicles is expected to increase by 52.5%, 28.0%, and 25.1% respectively [1] Group 4: Monthly Indicators - In December, the industrial added value above designated size is expected to grow by 5.2% year-on-year and 0.49% month-on-month. The manufacturing purchasing managers' index is reported at 50.1, an increase of 0.9 percentage points from the previous month. The business activity expectation index is at 55.5, rising by 2.4 percentage points [1] Group 5: Profit Performance - From January to November, the total profit of industrial enterprises above designated size is projected to reach 66,269 billion yuan, reflecting a year-on-year growth of 0.1% [1]

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14007万吨， ...

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%。 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%。 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%。 | 指 标 | 比上年增长(%) | | --- | --- | | 固定资产投资(不含农户) ...

（2026年1月19日） 国家统计局 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 ...

Economic Growth Overview - In December, the value added of the mining industry increased by 5.4%, manufacturing by 5.7%, and the production and supply of electricity, heat, gas, and water by 0.8% [2] - For the entire year, the industrial value added growth was 5.2% [6] Economic Type Analysis - In December, state-controlled enterprises saw a value added growth of 3.9%, joint-stock enterprises 5.8%, foreign and Hong Kong, Macau, and Taiwan-invested enterprises 2.7%, and private enterprises 4.2% [2][6] Industry Performance - Out of 41 major industries, 33 experienced year-on-year growth in value added in December. Notable growth was seen in coal mining and washing (6.4%), oil and gas extraction (3.7%), and food processing (3.2%). However, the beverage and refined tea manufacturing sector declined by 0.5% [2] - High-tech manufacturing grew by 6.4% [6] Product Output - In December, among 623 industrial products, 325 saw a year-on-year increase in output. Steel production was 115.31 million tons, down 3.8%, while cement production was 144.16 million tons, down 6.6%. Notably, the production of ten non-ferrous metals increased by 4.9% [3] - The output of new energy vehicles reached 1.791 million units, marking an 8.7% increase [3] Sales and Exports - The sales rate for products from large-scale industrial enterprises was 98.2%, a decrease of 0.7 percentage points year-on-year. The export delivery value reached 1,493.2 billion yuan, reflecting a nominal growth of 3.2% [4][6]