1、Achieving milestones inthe 14th Five-Year Planand charting the nextleap in the 15thNovember 2025Economic performance in the first three quarters:Steady progress empowers the successfulconclusion of the 14th Five-Year Plan Domestic demand drives economictransformation and upgrades,diversifiedformats

2、unlock consumption potential:In thefirst three quarters,Chinas gross domesticproduct(GDP)grew 5.2%year on year(YoY)with final consumption expenditure contributing53.5%to economic growth1.Although Q3growth slowed,the annual target remainsachievable.Emerging consumption models suchas premium,smart and

3、 green consumption areaccelerating innovation and expanding newchannels and categories.From a manufacturing giant to an intelligentmanufacturing powerhouse,innovationmomentum strengthens:High-techmanufacturing output above designated sizegrew 9.6%YoY in the first three quarters.Production of 3D prin

4、ting equipment,industrialrobots and new energy vehicles(NEVs)rose40.5%,29.8%and 29.7%respectively2.With theGuangdong-Hong Kong-Macao Greater Bay Area(GBA),Beijing and Shanghai as innovation hubs,Chinas innovation index entered the global top10 for the first time in 2025.Foreign trade growth accelera

5、tes quarter byquarter,structural investment challengespersist:Total goods trade grew 4%YoY in thefirst three quarters3with strong export growthin the“three new products”(NEVs,lithiumbatteries and photovoltaic products)and electriclocomotives.However,issues like homogeneousinvestment and price compet

6、ition have emerged,making anti-involution governance key to futuremarket differentiation and resource efficiency.21.National Bureau of Statistics(NBS),https:/ Administration of Customs,http:/ the 2035 vision:The 15th Five-Year Plan outlines ablueprint for high-quality development Responding to profo