生产性服务业发展报告 (2025 年) 版权声明 本报告版权属于中国信息通信研究院，并受法律保护。 转载、摘编或利用其他方式使用本报告文字或者观点的， 应注明"来源：中国信息通信研究院"。违反上述声明者， 本院将追究其相关法律责任。 前 言 党的二十届三中全会、四中全会分别提出要"聚焦重点环节分领 域推进生产性服务业高质量发展"，"提高现代服务业与先进制造业 融合发展水平"。生产性服务业涵盖研发设计、信息传输、金融、 物流、商贸等多个领域，服务工业、农业生产的多个环节，具有知 识密集、附加值高、融合性和专业化强等显著特点。在新一代信息 技术影响下，生产性服务业高质量发展呈现融合化、数智化、高端 化、绿色化、全球化的演进特征。推动生产性服务业高质量发展已 成为发展新质生产力、赋能新型工业化、构建现代化产业体系、实 现高水平对外开放的必然选择。 经过多年发展，我国生产性服务业增加值规模从 2016 年的 19.8 万亿增至 2024 年的 41.1 万亿人民币，年复合增长率 9.5%，占 GDP 比重从 26.6%升至 30.5%。服务型制造走深走实提升发展质量，成 为制造业企业普遍选择，"制造+服务"的"两业融 ...

民生保障领域，街道聚焦群众需求，每年制定实事项目清单，累计办结近200件。实施老旧小区改 造工程，建立老年餐厅助餐点，开设公益暑托班，举办招聘会助力就业。此外，街道创新建立党建+代 表+微网+联盟工作新机制，打造"精网微格、代表嵌入"品牌，深化城际商圈人大协商平台建设，建成 运河记忆馆，提升环保监督质效。 经济发展上，街道紧扣区委、区政府"产业升级三年行动计划"，以金融全产业链为主导，构建高质 量新格局。五年来，核心指标量质齐升，一般公共预算收入从2020年底的2.9亿元增至2025年10月的3.4 亿元，累计完成18.22亿元，总量居全区首位；固定资产投资突破61.7亿元；"四上"企业从67家跃升至 125家，净增58家；精准招商落地11个亿元以上重点项目，总投资15.83亿元。街道全力打造金融"高 地"，引进重点税源企业，新增财税约4.93亿元，还提质升级核心载体，擦亮金融服务业集聚区示范街 区品牌。同时，推行全周期项目服务机制，激活消费市场，新增经营主体2000余家，培育"夜经济"标 杆。 基层治理方面，街道党工委以高质量党建为核心引擎，构建立体化工作格局。深化党建引领基层治 理创新，扩大党建联席会议" ...

昨天（12月22日），"金鸡湖2025人力资源生态周暨苏州重点产业薪酬调研成果发布"系列活动在苏 州工业园区开幕。作为苏州首个集"研、展、洽、招"于一体的重点产业人力资源盛会，本次活动以"聚 势启新，生态共融"为主题，采用"1+4+X"架构，围绕一场开幕式、四场产业分享会及多场生态展览展 开，旨在打造集发布、研讨、展示、对接于一体的高水平产业人才交流平台。为期一周的活动中，汇聚 人力资源服务业、金融服务业等多行业的人力资源生态展同步举行。 现场，园区人力资源开发有限公司（新建元圆才）发布《2025苏州市重点产业薪酬调研成果》。报 告显示，苏州市企业员工总体年薪稳中有涨，2025年度全市企业员工年薪50分位值为11.7万元，其中高 端装备制造、新一代信息技术两大重点产业年薪同步攀升，核心技术岗位年薪最高可达百万元。人才需 求方面，全市总体保持平稳态势，航空航天及低空经济、机器人、智能车联网等新质生产力领域招聘活 跃度较高。据悉，苏州市重点行业企业薪酬福利调查报告今年已是连续第17年发布。 ...

在日本其他地区的中国大陆游客占比方面，东京都以20.0%排在第16位，北海道以19.5%排在第18位。 岩手县、广岛县和山口县等低于1成。在新冠疫情后访日游客复苏的过程中，日本各地也出现了致力于 吸引不同国家和地区的游客的动向。 日本首相高市早苗关于"台湾有事"的国会答辩引发的中日对立预计将长期化。中国大型航空公司已将免 费退改签飞往日本机票的期限延长至2026年3月底。航班减少和航线停运也相继发生，截至12月1日，同 月从关西机场起降的中国航班将有3成停运。 抵达日本关西国际机场的访日外国游客（12月） 中日对立的长期化可能给日本旅游业等带来风险。日经通过调查在日本住宿的外国游客中的中国大陆游 客占比发现，2025年1～9月在各都道府县中，和歌山县为37.0%，占比第2高。兵库县为34.4%，排第 3。中国大陆游客占比最高的是…… 日本经济新闻（中文版：日经中文网）通过调查在日本住宿的外国游客中的中国大陆游客占比发现， 2025年1～9月在各都道府县中，静冈县达到45.0%，占比最高。该县拥有受中国游客欢迎的富士山，位 于连接东京、京都和大阪的访日游"黄金路线"上。在中国政府呼吁本国国民谨慎前往日本的情况下 ...

Core Viewpoint - The recent "Hainan Free Trade Port" initiative is expected to significantly enhance the economic landscape of Hainan, providing various benefits such as zero tariffs, increased tourism, and financial support for local industries [3][18]. Group 1: Economic Benefits - The core benefit of the Hainan Free Trade Port is the exemption of import tariffs on foreign goods entering the island, which reduces costs for local processing and increases competitiveness in international markets [7]. - The expansion of the duty-free shopping policy has led to increased consumer spending, benefiting local products and boosting sales for the coconut industry [8]. - The new logistics policies allow for efficient processing and distribution, significantly lowering logistics costs and improving the overall supply chain for local products [9]. Group 2: Financial and Talent Influx - The free trade port has facilitated easier cross-border capital flows, enabling local businesses to access funding through banks and attract foreign investment for agricultural development [12]. - The arrival of agricultural and logistics experts is enhancing the productivity and value of local crops, including coconuts, thereby increasing the overall economic potential of the region [13]. Group 3: Market Opportunities - The Hainan Free Trade Port is expected to create consumer benefits by making imported goods cheaper and enhancing the overall tourism experience [14]. - The initiative is likely to spur explosive growth in sectors such as tourism, modern services, and high-tech industries, creating new market opportunities [15]. - The favorable policies are attracting capital investment, making Hainan a promising location for both physical investments and financial asset allocation [16].

面向"十五五"，张伟表示，长宁将深耕项目并购、产业基金等专业赛道，依托长宁金融园、西郊国际金 融产业园等核心载体，壮大并购交易规模、强化资源整合与投后赋能。长宁还计划通过进一步完善政策 支持、集聚高端人才，推动金融服务与科技创新、产业焕新紧密结合。 回顾与上海证券报的深度合作，张伟表示，去年12月，首届"上证·大虹桥金融高质量发展大会"在长宁 成功举办。一年来，双方携手并进，合作持续深化，共同致力于搭建政企对接与思想交流平台。本次大 会是长宁与上海证券报签署合作框架协议后的延续，期待借助大会继往开来，开出新花、结出新果。 12月12日，上海市长宁区委书记张伟在"上证·大虹桥金融高质量发展大会"致辞中表示，长宁将继续依 托"大虹桥"战略优势，对区域"金融服务业"进行迭代升级，不断提升金融服务实体经济质效。 张伟表示，长宁作为上海重要的开放枢纽，正努力以鲜明特色和务实举措，大力推动金融服务业创新发 展，逐步构建多元协同的金融发展生态，助力上海国际金融中心建设。 今年以来，长宁积极赋能虹桥并购集聚区建设，落地首单化工领域并购项目、首只并购私募基金。区内 国资平台也积极布局：设立上海长宁私募基金管理有限公司，已成功获 ...

Investment Policy and Management Model - Hainan Free Trade Port adopts a "one line open, two lines controlled" management model to balance trade facilitation and risk prevention, allowing foreign goods to enter freely while controlling domestic market safety[4] - The management model aims to establish Hainan as a competitive open economy by simplifying regulations for international trade while ensuring domestic regulatory compliance[5] Key Industries and Growth Opportunities - Hainan focuses on four leading industries: tourism, modern services, high-tech industries, and tropical efficient agriculture, leveraging policy advantages to enhance international tourism and service sector innovation[8] - The tourism sector is projected to receive 97.21 million visitors in 2024, a year-on-year increase of 8%, with total tourist spending reaching 204.01 billion yuan, up 12.5%[8] - The modern service industry is expected to grow by 3.6% in 2024, driven by reforms in financial services and the establishment of international education and healthcare hubs[9] - High-tech industries are developing rapidly, with significant advancements in sectors like electronic information and biomedicine, showcasing strong innovation potential[10] - Tropical agriculture is being modernized and internationalized, supported by policies that promote high-quality agricultural products and brand development[11] Future Industry Focus - Hainan is prioritizing three future industries: seed industry, deep-sea technology, and aerospace, with over 2,800 seed innovation enterprises established in the "South Breeding Silicon Valley"[13] - The deep-sea industry is expected to attract around 1,000 marine enterprises, focusing on deep-sea intelligent equipment and marine biomedicine[13] - The aerospace sector is leveraging Hainan's geographical advantages to develop a comprehensive aerospace industry chain, including satellite and rocket manufacturing[14] Investment Incentives and Market Dynamics - Hainan Free Trade Port offers zero-tariff policies for eligible enterprises, significantly reducing costs and promoting high-value-added processing industries[15] - The cross-border service trade negative list and other policies are designed to lower operational costs and attract financial investments, enhancing the growth of private and high-end industries[17] - In 2024, private enterprises accounted for 63.7% of Hainan's total import and export value, reaching 176.85 billion yuan, reflecting a 36.9% year-on-year growth[18]

Manufacturing PMI Insights - In November 2025, China's manufacturing PMI rose to 49.2%, an increase of 0.2 percentage points from October, aligning with market expectations[1] - The manufacturing new orders index increased by 0.4 percentage points to 49.2%, driven by the implementation of the "two 500 billion" growth stabilization policies[2] - The manufacturing production index rebounded to 50.0%, up 0.3 percentage points from the previous month, indicating a return to non-contraction territory[3] Economic Factors - The recent "anti-involution" policies have led to a rise in raw material prices, with the main raw material price index increasing by 1.1 percentage points to 53.6%[4] - The production expectations index for manufacturing improved by 0.3 percentage points to 53.1%, reflecting a more optimistic outlook among manufacturers[5] - The construction PMI rose to 49.6%, up 0.5 percentage points, supported by the completion of 500 billion new policy financial tools[7] Service Sector Performance - The non-manufacturing business activity index fell to 49.5%, a decrease of 0.6 percentage points, marking the first entry into contraction territory for the year[6] - The service sector's decline is attributed to weakened consumer demand and significant adjustments in the real estate market[6] Future Outlook - The overall macroeconomic environment remains stable but shows signs of weakness, with the comprehensive PMI output index falling below the equilibrium line for the first time this year[8] - Projections indicate a potential decline in the manufacturing PMI to around 49.1% in December, influenced by external trade pressures and ongoing adjustments in the real estate market[8]

市场需求有所修复 11月，制造业PMI小幅回升。体现市场需求的制造业新订单指数回升0.4个百分点至49.2%，表明市场需求有所修复。 从需求结构上看，新订单指数与新出口订单指数差值在10月份出现跳升后，回落1.3个百分点至1.6个百分点。新出口订单指数回升1.7 个百分点至47.6%，是11月制造业新订单指数上升的重要推动因素。 东方金诚首席宏观分析师王青在接受《每日经济新闻》记者微信采访时表示，10月末中美经贸会谈取得积极成果，对11月出口形成一 定拉动。 王青指出，9月末至10月初推出"两个5000亿"稳增长政策，其中5000亿元新型政策性金融工具已在10月投放完毕，会在11月对基建投资 和制造业投资形成拉动；财政部10月份明确中央财政从地方政府债务结存限额中安排5000亿元下达地方，这将补充地方财力，其中为 项目建设提供2000亿元新增资金。这些都会拉动国内市场需求。 11月30日，国家统计局公布11月中国采购经理指数（PMI）运行情况。 数据显示，11月，中国制造业PMI为49.2%，比10月回升0.2个百分点，景气水平有所改善。其中，生产指数和新订单指数分别为50.0% 和49.2%，分别比上月上升 ...

Group 1: Manufacturing Sector - In November, China's manufacturing PMI rose to 49.2%, an increase of 0.2 percentage points from October, indicating an improvement in economic conditions [1] - The production index and new orders index were reported at 50.0% and 49.2%, respectively, with increases of 0.3 and 0.4 percentage points from the previous month [1] - The high-tech manufacturing PMI stood at 50.1%, remaining above the critical point for ten consecutive months, reflecting ongoing expansion in this sector [1][3] Group 2: Market Demand and Orders - The new orders index for manufacturing increased by 0.4 percentage points to 49.2%, suggesting a recovery in market demand [2] - The new export orders index rose by 1.7 percentage points to 47.6%, contributing significantly to the increase in the new orders index [2] - Recent policy measures, including the introduction of 500 billion yuan in new policy financial tools, are expected to stimulate infrastructure and manufacturing investments, thereby boosting domestic market demand [2] Group 3: Inventory and Production Trends - The raw materials inventory index remained below the prosperity line at 47.3%, indicating a continued destocking trend, while the finished goods inventory index also decreased, suggesting accelerated destocking [3] - The difference between the new orders index and the finished goods inventory index expanded by 1.2 percentage points, indicating that companies are focusing on reducing inventory levels [2][3] Group 4: Sector-Specific Insights - The high-tech manufacturing sector continues to show resilience and growth, with a PMI of 50.1%, despite a slight decline from the previous month [3] - The equipment manufacturing PMI fell to 49.8% and the consumer goods manufacturing PMI dropped to 49.4%, both entering contraction territory, indicating a potential need for policy adjustments to stimulate these sectors [3] - The construction sector's business activity index improved to 49.6%, driven by the completion of the 500 billion yuan policy financial tool, which is expected to support infrastructure investment [5]