Overview
- Official data show GDP reached 140.19 trillion yuan in 2025, up 5.0%, with total retail sales rising 3.7% to 50.12 trillion yuan.
- Online retail sales climbed 8.6% to 15.97 trillion yuan, with physical goods online accounting for 26.1% of total retail; average per‑capita disposable income increased 5.0% to 43,377 yuan.
- Industrial upgrading accelerated as new‑energy vehicle output rose 25.1%, driving automotive lithium‑ion power battery production up 41.7% and charging‑pile output up 11.0%.
- The NDRC said it will apply unified subsidy standards nationwide for equipment renewal and trade‑ins covering cars, six home‑appliance categories, and four digital/smart product categories, with strict enforcement against fraud and price manipulation.
- Planning for the 15th Five‑Year period includes flagship high‑tech projects, with officials noting the digital economy’s value at about 49 trillion yuan, roughly 35% of GDP; in parallel, private estimates report China’s open‑source AI models near 15% global share by Nov 2025, reports cite a potential $25 billion Anthropic raise, and a PwC survey finds most CEOs have yet to see measurable AI returns.