许勤华

中国人民大学国家发展与战略研究院副院长

国际关系学院教授

Vice Dean at the National Academy of Development and Strategy, Renmin University of China, Professor Xu Qinhua was interviewed by Liu Xin (CGTN The Point with Liu Xin) about the GDP: +5.3% as the key highlight of China’s economic performance this year.

中国在2025年上半年实现GDP超66万亿元，5.3%的经济增速是在全球疫情冲击、国际地缘政治局势动荡、贸易保护主义抬头的背景下实现的，2025年上半年中国经济增长表现亮眼的重要原因是多方面的：

China recorded GDP of more than 66 trillion yuan in the first half of 2025, achieving a 5.3% growth rate against the headwinds of a lingering global pandemic, volatile geopolitics and rising trade protectionism. The strong performance was driven by several factors:

第一，中国经济增长的核心动能来自国内消费需求的旺盛，上半年内需对GDP增长的贡献率为68.8%，其中国内最终消费支出贡献率为52%，是增长的主动力。其中设备更新、消费品“以旧换新”等刺激政策拉动消费成果显著，2025年上半年消费品以旧换政策合计带动销售额1.1万亿元，发放直达消费者的补贴约1.75亿份。

First, domestic demand has been the primary engine of the growth. In H1 2025, internal demand contributed 68.8% of GDP growth, with domestic final consumption expenditure alone accounting for 52%. Policies such as equipment upgrades and the “Trade-in of Old Consumer Goods” proved highly effective: the trade-in initiative generated 1.1 trillion yuan in sales and roughly 175 million consumer subsidies during the period.

第二，中国的市场微观主体活力增强。截至2025年5月底，全国登记在册民营企业突破5800万户，比2020年末净增40%以上，贡献了八成以上的城镇新增就业，强大且富有活力的市场经营主体为经济逆势上扬创造了条件。

Second, market entities have become markedly more dynamic. By the end of May 2025, the number of registered private enterprises nationwide surpassed 58 million, up more than 40% from end-2020. These firms created over 80% of new urban jobs, providing a resilient foundation for the economy’s upward momentum.

第三，中国的逆周期调控政策促进经济健康发展。2021-2025“十四五”五年期间，中国经济增量超过35万亿元（约4.89万亿美元），年均5.5%的增速为今年5.3%的“高位运行”奠定了坚实基础。

Third, China’s counter-cyclical macro policies have fostered sound economic development. During the 14th Five-Year Plan period (2021-2025), China’s economy expanded by more than 35 trillion yuan (about US$4.89 trillion), averaging 5.5% annual growth and laying a solid base for this year’s 5.3% “high-level operation.”

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来源：CGTN

中国人民大学欧亚研究院成立于2022年01月25日。研究院旨在研究新时代亚欧地区重大问题，推动中国特色亚欧研究学科建设，打造全国及全球欧亚-亚欧研究学术共同体，构建跨学科学术研究交流平台，积极为国家建设发展提供智力支持，为全球治理体系改革做出应有贡献。研究院挂靠国家高端智库中国人民大学国家发展与战略研究院，是中央统战部和教育部指导的校级研究机构，现任执行院长为许勤华教授。