CCTV News: On the morning of March 17, the National Bureau of Statistics released the national economic operation data from January to February. A spokesperson for the National Bureau of Statistics said that as more active fiscal policies and moderately loose monetary policies gradually implemented, the synergy between stock policies and incremental policies has continued to increase. From January to February, the economy was generally stable, continuing the rebound and positive trend.

From the perspective of production, new industrialization is advancing steadily, macro-policy combination effect continues to show the industrial pull, and industrial production is growing rapidly. Among them, the equipment manufacturing industry has a very obvious supporting role in the growth of the entire industry.

As the digital transformation continues to deepen, the holiday economy is relatively active during the Spring Festival, driving the growth of industries related to information technology, tourism and transportation, and the service industry has grown well. Among them, the production index of information transmission software and information technology services, leasing and business services increased by 9.3% and 8.8% year-on-year respectively.

From the demand perspective, during the Spring Festival, the tourism, culture and sports markets were hot, driving market sales to rebound and service consumption to expand. During the Spring Festival, the number of domestic travelers increased by 5.9% year-on-year.

In January-February, the transaction volume of tourism service platform increased by more than 20%. During the 2024-2025 ice and snow season, the cumulative passenger flow of ski resorts across the country increased by 22.8% year-on-year, and domestic animated films broke many film and television box office records.

Under the policy of increasing the construction of people's livelihood infrastructure and large-scale equipment renewal, investment in manufacturing has grown rapidly, and the growth rate of infrastructure investment has accelerated, driving the recovery of investment growth. Among them, the growth rate of manufacturing investment is significantly faster than the growth of all investments.

From the perspective of new quality productivity, from January to February, the added value of high-tech manufacturing above designated size in the country increased by 9.1% year-on-year, and the output of new energy vehicles increased by 47.7%, achieving a relatively fast growth rate based on the higher base in 2024.

In addition, since 2025, policies such as "two heavy" and "two new" have continued to show their pull on production demand. From January to February, the production of excavation and shoveling and transportation machinery, household refrigerators, and household washing machines, as well as the retail sales of household appliances and audio-visual equipment, furniture, cultural office supplies, and communication equipment products of units above the limit all maintained double-digit growth.

Fu Linghui, spokesperson of the National Bureau of Statistics, said that in general, from January to February, the economic operation was generally stable, the growth rate of major indicators was steadily increasing, new momentum was cultivated and strengthened, and the quality of development steadily improved. In the next stage, we will implement more active and effective macro policies, expand domestic demand in all aspects, strengthen innovation-driven development, deepen reform and opening up, promote the sustained recovery and improvement of the economy, and effectively guarantee and improve people's livelihood. The national economy started steadily from January to February this year, and the development trend was new and positive

At the press conference of the State Council Information Office held on the morning of March 17, Fu Linghui, spokesperson of the National Bureau of Statistics, introduced the operation of China's national economy in the first two months of 2025. Overall, from January to February 2025, as various macroeconomic policies continued to exert force and effect, the national economy continued to move forward in a new and positive trend, and the quality of development steadily improved.

Data shows that from January to February 2025, industrial production grew rapidly, and the national industrial added value of large-scale industries increased by 5.9% year-on-year, 0.1 percentage point faster than the whole year of the previous year. The service industry has grown well, with the national service industry production index growing by 5.6% year-on-year, 0.4 percentage points faster than the whole year of the previous year. Market sales growth accelerated, with the total retail sales of consumer goods of 8373.1 billion yuan, a year-on-year increase of 4.0%, 0.5 percentage points faster than the whole year of the previous year.

In addition, from January to February, the national fixed asset investment growth rate rebounded to 5261.9 billion yuan, a year-on-year increase of 4.1%, an acceleration of 0.9 percentage points over the whole year of the previous year. The import and export of goods were basically stable, with a total amount of 653.64 billion yuan, a year-on-year decrease of 1.2%. The employment situation is generally stable, with the average national urban surveyed unemployment rate of 5.3%. The national consumer price (CPI) fell by 0.1% year-on-year.

Fu Linghui said that from the perspective of the economic operation characteristics from January to February, it can be summarized into two sentences: one is that the economic operation starts smoothly, and the other is that the development trend is new and positive. The steady start of economic operation mainly refers to the continued recovery trend since the fourth quarter of last year. The new and positive development trend is mainly reflected in the steady development of new quality productivity, the continuous emergence of macroeconomic policies, and the improvement of market expectations and confidence. The National Bureau of Statistics stated that the economic operation was generally stable from January to February, and the growth rate of major indicators increased steadily, showing the strong resilience of China's economy. But we must also see that the external environment has become more complex and severe, and there are many unstable and uncertain factors. In the next stage, we must implement more active and proactive macro policies to promote the sustained recovery and improvement of the economy.