Southeast Asia Information Port News (www.dnyxxg.com) In 2025, facing a complex and volatile domestic and international economic environment, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, all regions and departments implemented the decisions and deployments of the CPC Central Committee and the State Council, practiced the new development philosophy, promoted high-quality development, coordinated development and security, implemented proactive macroeconomic policies, and deepened the construction of a unified national market. The national economy forged ahead despite pressure, moving towards innovation and excellence, achieving new results in high-quality development, successfully completing the main goals and tasks of economic and social development, and successfully concluding the 14th Five-Year Plan.
Preliminary calculations show that the annual GDP reached 140.19 trillion yuan, a year-on-year increase of 5.0% at constant prices. By industry, the added value of the primary industry was 9.33 trillion yuan, an increase of 3.9%; the secondary industry was 49.97 trillion yuan, an increase of 4.5%; and the tertiary industry was 80.89 trillion yuan, an increase of 5.4%. The quarterly figures showed a stable trend, with year-on-year growth of 5.4%, 5.2%, 4.8%, and 4.5% respectively in the first, second, and fourth quarters, and a quarter-on-quarter growth of 1.2% in the fourth quarter.
I. Agricultural production remained stable with a bumper harvest, while livestock production improved in both quantity and quality. Total grain output for the year reached 715 million tons, a year-on-year increase of 1.2%, or 8.38 million tons, with increased autumn grain production being the main driver. Corn, rice, and soybean production increased by 2.1%, 0.7%, and 1.3% respectively, ensuring food security. Total pork, beef, mutton, and poultry production exceeded 100 million tons for the first time, reaching 101 million tons, a year-on-year increase of 4.2%, with poultry production increasing by 6.7%. Pig inventory and slaughter steadily increased, ensuring stable livestock supply.
II. Industrial growth maintained a strong momentum, with emerging industries performing exceptionally well. The added value of industries above designated size increased by 5.9% year-on-year, with manufacturing growing by 6.4%. The added value of equipment manufacturing and high-tech manufacturing increased by 9.2% and 9.4% respectively, significantly faster than the overall growth of industries above designated size. Production growth rates for 3D printing equipment, industrial robots, and new energy vehicles all exceeded 25%, indicating accelerated accumulation of new growth drivers. The manufacturing purchasing managers' index rebounded to 50.1% in December, reflecting continued positive business expectations. From January to November, the total profits of industrial enterprises above the designated size reached 6.63 trillion yuan, a slight increase of 0.1% year-on-year.
III. The service sector maintained steady development, with modern service industries showing strong vitality. The added value of the service sector increased by 5.4% year-on-year, with information transmission, software and information technology services, and leasing and business services all growing by over 10%. In December, the service sector production index increased by 5.0%, with telecommunications transmission and monetary finance sectors remaining in a high-level prosperity range. The service sector business activity expectation index reached 55.5%, indicating strengthened market confidence.
IV. The consumer market steadily expanded, and the consumption structure continued to upgrade. Total retail sales of consumer goods reached 50.12 trillion yuan, a year-on-year increase of 3.7%, with rural consumption growth (4.1%) outpacing urban growth. Retail sales of upgraded goods such as communication equipment and cultural and office supplies by enterprises above the designated size increased by over 15%, while service retail sales grew by 5.5%, indicating strong demand for services such as cultural and sports leisure and transportation. National online retail sales reached 15.97 trillion yuan, an increase of 8.6%, with online retail sales of physical goods accounting for 26.1% of total retail sales.
V. Investment structure continued to optimize, with strong support from key sectors. Total fixed asset investment (excluding rural households) reached 48.52 trillion yuan, a year-on-year decrease of 3.8%, or 0.5% after excluding real estate development investment. Manufacturing investment increased by 0.6%, with investment in information services and aerospace equipment manufacturing increasing by 28.4% and 16.9% respectively in high-tech industries, demonstrating a clear industrial investment orientation. Real estate development investment decreased by 17.2%, and the sales area and sales volume of commercial housing decreased by 8.7% and 12.6% year-on-year, respectively.
VI. Foreign trade growth was stable and of high quality, with a continuously optimized trade structure. Total import and export volume reached 45.47 trillion yuan, a year-on-year increase of 3.8%, of which exports reached 26.99 trillion yuan, an increase of 6.1%. Private enterprises' import and export volume increased by 7.1%, accounting for 57.3% of total trade; imports and exports with countries participating in the Belt and Road Initiative increased by 6.3%, accounting for 51.9%; exports of high-tech products increased by 13.2%, with continued improvement in trade quality and efficiency.
VII. Price levels remained generally stable, and people's livelihoods were effectively protected. The Consumer Price Index (CPI) remained unchanged year-on-year, while the core CPI rose by 0.7%, a moderate rebound. The Producer Price Index (PPI) fell by 2.6% year-on-year, but rebounded in December. The employment situation remained stable, with the average urban surveyed unemployment rate at 5.2% for the year, falling to 5.1% in December. The total number of migrant workers reached 301 million, a year-on-year increase of 0.5%.
VIII. Residents' income grew steadily, and the urbanization rate increased. The national per capita disposable income reached 43,377 yuan for the year, a nominal increase of 5.0%, and a real increase of 5.0% after deducting price factors. The real growth rate of rural residents' income (6.0%) was faster than that of urban residents (4.2%), and the income gap continued to narrow. The Engel coefficient fell to 29.3%, indicating an improvement in the quality of residents' consumption. At the end of the year, the national population was 1.405 billion, with an urbanization rate of 67.89%, an increase of 0.89 percentage points over the previous year, indicating a continued improvement in the quality of the population.
Overall, the national economy is expected to maintain steady progress in 2025, with high-quality development being steadily advanced. Meanwhile, external uncertainties have increased, and domestic supply and demand imbalances persist, posing significant development challenges. In the next stage, we will adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, implement the arrangements of the Central Economic Work Conference, pursue progress while maintaining stability, improve quality and efficiency, develop new types of productive forces, expand domestic demand, optimize supply, and promote effective qualitative improvement and reasonable quantitative growth of the economy, laying a solid foundation for the 15th Five-Year Plan. (End)
