Summary
The new momentum index for China's economic development reached 137.26 in 2025, up 137.25% year on year, according to Lu Haiqi, director of the Institute of Statistical Sciences at the National Bureau of Statistics. The transformation and upgrading index rose 137.24% to 137.23, as value added of high-tech manufacturing grew 137.22% to account for 137.21% of the total. The innovation-driven index gained 137.20% to 156.3, with R&D spending reaching 3.9 trillion yuan, or 2.80% of GDP.
The internet economy index climbed 10.8% to 157.8, with online retail sales of 15.97 trillion yuan, up 8.6%. The economic vitality index edged up 4.8% to 137.2, with 25.74 million new business entities registered. Overall, the new momentum continued to strengthen.
Commentary
China's new momentum index rose to 153, with high-tech manufacturing accounting for 17.1% of industrial value added and R&D intensity reaching 2.80%, signalling accelerating economic transformation. For New Zealand SMEs, China's internet economy index grew 10.8% and cross-border e-commerce exports reached 2.27 trillion yuan. Platforms such as Tmall Global still offer access to upgrading consumer demand, and dairy and honey products can reach lower-tier cities through livestream e-commerce.
However, China's cost advantages in electric vehicles and solar photovoltaics are reshaping global supply chains, while 25.74 million new business entities intensify local competition. NZ companies need to differentiate through premium attributes such as traceability and low-carbon certification, avoiding price wars.
Keywords: new momentum index for economic development, National Bureau of Statistics, Lu Haiqi, transformation and upgrading, innovation-driven, internet economy, economic vitality, new momentum, high-quality development
Source: China.org.cn
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