How is the development of new-type productive forces? The statistical bulletin reveals these important details.

Reporter Xin Yuan

New quality productivity has become one of the important engines of China’s economic growth. The National Bureau of Statistics released the “Statistical Bulletin of the People’s Republic of China on National Economic and Social Development in 2025” on February 28, which provides a series of specific data showing that new economic drivers are accelerating their formation.

The bulletin mentions that by 2025, the added value of equipment manufacturing in above-scale industries will increase by 9.2% year-on-year, accounting for 36.8% of the total industrial added value; profits of equipment manufacturing enterprises will grow by 7.7%. The added value of high-tech manufacturing will increase by 9.4%, accounting for 17.1% of the total industrial added value; profits of high-tech manufacturing enterprises will grow by 13.3%. The added value of digital product manufacturing will increase by 9.3%, accounting for 12.5% of the total industrial added value.

Looking at more detailed sectors, by 2025, China’s service robot production will reach 18.581 million units, a 16.1% increase from the previous year; mobile communication base station equipment production will reach 5.364 million radio frequency modules, a 13.5% increase; server production will reach 5.97 million units, a 12.6% increase. Among some above-scale service industry enterprises, revenue from strategic emerging service industries will grow by 9.3% year-on-year, and revenue from high-tech service industries will grow by 7.9%.

Additionally, the bulletin shows that in 2025, China’s e-commerce transaction volume will reach 46,733.9 billion yuan, a 2.5% increase from the previous year. Online retail sales will reach 15,972.2 billion yuan, an 8.6% increase. In fixed asset investment (excluding rural households), equipment and tool procurement investment will grow by 11.8% year-on-year. The total number of newly established business entities will be 25.74 million, with an average of 26,000 new enterprises per day.

Wang Qing, Chief Macro Analyst at Orient Securities, told Jiemian News that high-tech manufacturing, representing new quality productivity, will lead the growth significantly by 2025. It will not only drive continuous economic transformation and upgrading but also strongly boost overall economic growth. Under the dual drive of policy support and robust market supply and demand, new drivers will maintain a high-speed growth trend in 2025.

Jiemian News’ review found that during the previous local two sessions, many regions explicitly mentioned in government work reports the need to strengthen technological innovation and cultivate new growth drivers for the economy.

The Guangdong provincial government work report pointed out that by 2026, Guangdong will accelerate the construction of a modern industrial system. It will promote the integration of intelligent, green, and coordinated development across industries, deepen the integration of innovation, industry, capital, and talent chains, and promote the coordinated development of primary, secondary, and tertiary industries. The goal is to build an industrial system with advanced manufacturing as the backbone, featuring Guangdong’s unique advantages and strong international competitiveness.

Zhejiang Province proposed to develop emerging pillar industries, support the development of new materials, new energy, integrated circuits, aerospace, low-altitude economy, biomedicine, and visual health industry clusters, as well as implement “one chain, one policy” to promote industries such as humanoid robots, brain-computer interfaces, brain-like intelligence, quantum information, and biological manufacturing.

Henan, a major central economic province, mentioned in its government work report that it will develop new quality productivity according to local conditions. It will promote the integrated development of education, science and technology, and talent, deepen the fusion of technological innovation and industrial innovation, and build a modern industrial system with Henan’s distinctive advantages. The social R&D investment will grow by more than 10% annually, the added value of strategic emerging industries will account for 30% of above-scale industrial output, and the proportion of manufacturing will grow steadily and reasonably.

CITIC Securities’ latest research report states that 2026 marks the beginning of the “14th Five-Year Plan,” with developing new quality productivity becoming a core task to promote high-quality development and build a modern industrial system. Based on the policy window of the national two sessions, technological innovation, key core technology breakthroughs, and the layout of emerging and future industries will continue to be strengthened.