National Bureau of Statistics: The new momentum index for China's economic development in 2025 is 153.0, up 12.5% year-on-year

The Zhitong Finance App learned that the National Bureau of Statistics said that in 2025, the new momentum index for China's economic development will be 153.0, an increase of 12.5% over the previous year. In 2025, all classification indices improved compared with the previous year. Among them, transformation, upgrading and innovation drivers contributed greatly to the overall index growth. The transformation and upgrading index was 156.8, up 22.7% from the previous year, contributing 34.1% to the growth of the overall index; the innovation-driven index was 156.3, up 12.9% from the previous year, contributing 31.4% to the growth of the overall index; the network economy index was 157.8, up 10.8% from the previous year, contributing 27.2% to the growth of the overall index; and the economic vitality index was 137.2, up 4.8% from the previous year, contributing 7.3% to the growth of the overall index.

The original text is as follows:

The 2025 Economic Development New Momentum Index increased by 12.5%

In order to dynamically monitor changes in the new momentum of China's economic development, the Institute of Statistical Science of the National Bureau of Statistics calculated the 2025 Economic Development New Momentum Index using a fixed-base index method based on the “Statistical Monitoring System for New Industries, New Business Formats, and New Business Models”. The results show that in 2025, the new momentum index for China's economic development (100 in 2022) was 153.0, an increase of 12.5% over the previous year. In 2025, all classification indices improved compared with the previous year. Among them, transformation, upgrading and innovation drivers contributed greatly to the overall index growth.

1. Transformation and Upgrading Index. In 2025, the transformation and upgrading index was 156.8, an increase of 22.7% over the previous year, contributing 34.1% to the overall index growth.

2. Innovation Driven Index. In 2025, the innovation-driven index was 156.3, up 12.9% from the previous year, contributing 31.4% to the overall index growth.

3. Internet economy index. In 2025, the Internet Economy Index was 157.8, up 10.8% from the previous year, contributing 27.2% to the overall index growth.

4. Economic Vitality Index. In 2025, the economic vitality index was 137.2, up 4.8% from the previous year, contributing 7.3% to the overall index growth.

China's economic development new momentum index will maintain relatively rapid growth in 2025

——Lu Haiqi, Director of the Institute of Statistical Science of the National Bureau of Statistics, explains the 2025 China Economic Development New Momentum Index

The latest calculation results of the Economic Development New Momentum Index show that in 2025, China's economic development new momentum index was 153.0, an increase of 12.5% over the previous year. New momentum continued to be cultivated and expanded, economic development vitality was released, and the leading role of innovation-driven development was evident. The network economy maintained rapid growth, and the pace of transformation and upgrading accelerated, helping China's high-quality economic development achieve new results.

I. The pace of transformation and upgrading continues to accelerate

Adhere to scientific and technological innovation to lead industrial innovation, continue to promote the digital transformation of the manufacturing industry and “artificial intelligence +” actions, implement manufacturing technology transformation and upgrading projects and intelligent manufacturing projects, accelerate the green transformation of key industries, and continue to deepen the transformation and upgrading of traditional industries. Further promote the development of integrated clusters of strategic emerging industries, carry out large-scale application demonstration actions for new technologies, new products and new scenarios, build a provincial pilot zone for future industries, and build innovative centers for embodied intelligence and humanoid robots. Emerging industries will grow at an accelerated pace, and the future industry will continue to develop. The integration of the modern service industry and advanced manufacturing industry is accelerating, and the development trend of digital intelligence in the service industry is obvious. According to estimates, the transformation and upgrading index in 2025 was 156.8, an increase of 22.7% over the previous year. The value added of strategic emerging industries maintained relatively rapid growth; the value added of high-tech manufacturing increased 9.4% over the previous year, 3.5 percentage points faster than the value added of industries above scale, accounting for 17.1% of the value added of industries above scale; the value added value added of the digital product manufacturing industry increased by 9.3%, accounting for 12.5% of the value added of industries above scale; the share of non-fossil energy in total energy consumption increased by about 2 percentage points over the previous year; the export scale of “three new” products such as electric vehicles, photovoltaic products, and lithium batteries was close to 1.3 trillion yuan, up 27.1%, of which electric Automobile exports reached 3.93 million units, an increase of 73.1%.

II. Innovation-driven leading role continues to be demonstrated

Firmly implement innovation-driven development strategies and comprehensively promote the strategic plan for building a strong science and technology nation. Deepen the reform of the science and technology system, strengthen the systematic layout of basic cutting-edge fields and research on key core technologies. The country's strategic scientific and technological strength continues to grow, and the overall strength of science and technology continues to improve. Investment in innovation continues to increase, and scientific and technological innovation has been fruitful. R&D applications such as artificial intelligence, biomedicine, robotics, and quantum technology are at the forefront of the world. The number of high-value invention patents per 10,000 population continues to increase, and the transformation and implementation of innovative achievements has borne fruit. Estimates show that in 2025, the innovation-driven index was 156.3, an increase of 12.9% over the previous year. Annual research and experimental development (R&D) expenditure reached 3.9 trillion yuan, an increase of 8.1% over the previous year, reaching 2.80%; basic research expenditure was 277.8 billion yuan, an increase of 11.1%, accounting for 7.08% of R&D expenditure. The full-time equivalent of R&D personnel per 10,000 people maintained a relatively rapid growth rate; 17,600 national-level specialized and innovative “little giant” enterprises were cultivated; the number of high-value invention patents per 10,000 population reached 16, an increase of 2 over the previous year; technology contract turnover reached 76,000 yuan. An increase of 10.8%.

3. The network economy has maintained relatively rapid growth 

Accelerate the completion of the overall layout of digital China construction, promote the expansion of digital infrastructure into networks, continuously optimize the scientific layout of computing power resources, and accelerate the release of the potential of data elements. Innovate diversified consumption scenarios, accelerate the application of artificial intelligence terminals and smart devices, instant retail, live e-commerce, etc. continue to develop, and quality and personalized consumption is growing rapidly. The driving role of cross-border e-commerce has increased, digital trade is developing rapidly, and new momentum for foreign trade is being cultivated at an accelerated pace. According to estimates, the Internet Economy Index reached 157.8 in 2025, an increase of 10.8% over the previous year. The annual mobile Internet access traffic reached 395.8 billion GB, an increase of 17.3%; the number of 5G base stations nationwide reached 4.84 million, a net increase of 588,000 over the previous year, accounting for 37.6% of the total number of mobile phone base stations, an increase of 4 percentage points; the national e-commerce transaction volume reached 46.7 trillion yuan, an increase of 2.5%; online retail sales reached 15.97 trillion yuan, an increase of 8.6%, of which retail sales of online goods increased by 1.5 percentage points; the growth rate of cross-border e-commerce exports was 2.27 trillion yuan, an increase of 5.4%.

4. Effective release of economic development vitality

Continue to push forward comprehensive and deepening reforms, implement guidelines for the construction of a unified national market, introduce a new version of the negative market entry list, improve basic market system rules, thoroughly manage outstanding issues in key areas, vigorously promote market-based factor allocation reforms, and effectively stimulate the vitality of various business entities. According to estimates, the economic vitality index for 2025 was 137.2, an increase of 4.8% over the previous year. 25.74 million new operators were set up throughout the year, an average of 26,000 new enterprises were set up per day, an increase of 20,000 over the previous year; the number of active enterprises increased by 9.8%, accounting for 4.7 percentage points; the number of high-tech enterprises continued to grow, and investment in high-tech services maintained a relatively rapid growth rate, with investment in the information service industry increasing by 28.4%; the express delivery business volume reached 19.95 billion units, and express delivery business revenue was 1493.9 billion yuan, providing effective support for the continuous expansion and quality improvement of the consumer market.

This article was compiled from the official website of the “National Bureau of Statistics”. Zhitong Finance Editor: Chen Siyu.