(Source: CCTV News Client 2025-06-20)
Since the beginning of this year, the external environment has undergone complex changes, and unilateralism and protectionism have risen, which has seriously impacted the international economic and w88 order. Everyone is very concerned about whether our foreign w88 can be sustained? Will the steady growth and positive momentum of China's economy be affected? Recently, the National Bureau of Statistics and other departments released some macroeconomic data for May and the first five months of this year. We can look for answers from these data.
Since the beginning of this year, the external environment has changed dramatically, making foreign w88 the focus of people's attention. Data show that in May, my country's total import and export of goods increased by 2.7% year-on-year, of which exports increased by 6.3%.
Tu Xinquan, Dean of China WTO Research Institute, w88 casino: The foreign w88 policy environment has changed greatly in recent months, so everyone is very concerned about the release of foreign w88 data in May. Judging from this result, it is better than everyone's general expectations, especially exports can grow by 6.3%, which is a pretty good result. On the one hand, there will still be inertia. Many of the export data shown in May may be orders placed before; on the other hand, export growth reflects that the competitiveness and resilience of the manufacturing industry are indeed very strong.
Faced with huge uncertainty, China has been expanding into a broader global market. Although imports and exports to the United States have declined, imports and exports to our major trading partners ASEAN and the EU, including the countries co-building the "Belt and Road", have continued to grow. In May, my country's exports to ASEAN and the EU increased by 16.9% and 13.7% respectively, and exports to Africa increased by 35.3%.
Tu Xinquan, Dean of China WTO Research Institute, w88 casino: In the entire world w88, China's competitiveness and China's share continue to grow. I believe that China is the country that can play the greatest role in helping Africa in the process of industrialization. Because we are now the world's largest manufacturing country, the potential for China-Africa cooperation is huge. Our investment in Africa will also drive w88 with Africa, especially exports. Therefore, the complementary relationship between China and Africa will be further demonstrated in the future.
In May, foreign w88 grew steadily in the face of the impact, and overall in the first few months of this year, the performance of foreign w88 was also remarkable. From January to May, my country's total import and export of goods increased by 2.5% year-on-year, of which exports increased by 7.2%, reflecting strong resilience.
Executive Vice President of China Institute of Development and Planning, Tsinghua University Dong Yu: From the perspective of exports, the most important thing is that when we encounter unexpected challenges, the central government promptly introduces a series of measures to deal with external challenges in the field of foreign w88. Especially for foreign w88 enterprises, it introduces a series of point-to-point support policies, such as one policy for each industry and one policy for each enterprise. Such policies can be directly distributed to specific foreign w88 fields and specific enterprises, so that they can weather the difficulties more stably when dealing with tariff impacts and challenges.
While stabilizing growth in quantity, the structural optimization of foreign w88 also deserves attention. China's foreign w88 companies are relying on technological innovation to continuously break down w88 barriers and actively explore international markets.
Recently, employees of a robotics company have to work overtime almost every day. The data collection robots they produce are mainly used to develop and train humanoid robots, and are very popular in overseas markets.
Another industrial robot company is not content with just selling products, but is also actively transforming to provide overall solutions to overseas customers. These high-tech export products and services highlight my country's new advantages in foreign w88 competition. In the first five months of this year, my country's exports of mechanical and electrical products increased by 9.3%, accounting for 60.0% of total exports.
Guo Liyan, deputy director of the Economic Research Institute of the National Development and Reform Commission: An important competitiveness that supports the resilience of China's exports comes from electromechanical products with high technological added value and relatively long industrial chains. This is the competitiveness generated by our domestic equipment manufacturing industry that has been working hard for many years and developing in the direction of high-end and smarter products. It is also a type of product that is currently irreplaceable in the international market. The current foreign w88 data is good, and behind it is the effect of the internal strength of the industrial chain.
Tu Xinquan, Dean of China WTO Research Institute, w88 casino: Why do we say that we have confidence? Especially from the perspective of w88 and manufacturing, our confidence is very sufficient because after so many years of hard work, we have mastered our own unique advantages in all aspects of the manufacturing industry, and this advantage is difficult to shake in the short term. Exploring different markets may bring different challenges, but based on our very solid competitiveness, we will achieve good results when exploring these new markets.
Behind the economic data is the continued power of policy "combination punches". Since the beginning of this year, our country has implemented more proactive and promising macro policies, focusing on stabilizing employment, stabilizing enterprises, stabilizing the market, and stabilizing expectations.
Dong Yu, Executive Vice President of the China Development Planning Institute of Tsinghua University: The steady growth of China’s economy from January to May is closely related to the objective analysis of the situation faced by China’s economy in 2025 at the Central Economic Work Conference in December last year, and the systematic deployment made on this basis. At the same time, when encountering short-term difficulties and challenges, the Political Bureau meeting of the Central Committee on April 25 promptly issued policy measures on "four stability". This "four stability" policy measures were refined and implemented by various departments in the economic work in May.
The strong domestic market is where our confidence and confidence lies. The more complex and severe the external environment becomes, the more important it is to strengthen the domestic circulation. This May, the consumer market is blooming in many ways and there are many bright spots. Under the combined influence of the "May Day" and "Dragon Boat Festival" holidays, the "6·18" platform promotion, and the w88-in policy for consumer goods, total retail sales of consumer goods increased by 6.4% year-on-year in May, 1.3 percentage points faster than the previous month.
We have practical strategies to promote consumption. In order to continue to promote the "two new" policies, some places have opened national subsidy stores directly into communities and villages. The scope of subsidies has been expanded, prices have become more affordable, and services such as door-to-door installation and recycling of old machines have been provided, attracting many consumers. Taking home appliances as an example, in May, retail sales of household appliances and audio-visual equipment for units above designated size increased by 53.0%.
Guo Liyan, deputy director of the Economic Research Institute of the National Development and Reform Commission: The "two new" policy is a systematic project that benefits both immediate and long-term benefits. It not only includes equipment updates and the replacement of old consumer goods with new ones, but also includes standard improvement actions and green circular economy actions. Since the beginning of this year, the scale of support funds for large-scale replacement of consumer goods has reached 300 billion yuan, doubled from last year, and more support will be given to higher-quality, smarter, and green products. This type of consumer quality upgrade will also drive the high-end, green, and intelligent transformation of corresponding industries, forming a good cycle of supply and demand. The driving effect of this structural optimization is to support high-quality development in the medium and long term.
We have new tricks to promote consumption. During this Dragon Boat Festival holiday, tourists at the Badaling Great Wall Scenic Area can see tourists wearing exoskeleton equipment to climb the Great Wall. This equipment can provide 37% boost when climbing.
When visiting the scenic spot, order a cup of coffee and let the drone deliver it to you. Let the artificial intelligence model help you develop a personalized play plan. Through the blessing of technology and the interesting interaction with traditional culture... each one attracts people's attention.
At present, China's tourist attractions have fully entered the digital era. New technologies such as VR and AI are constantly creating new scenes and providing new experiences for tourists.
Deputy Director of the Economic Research Institute of the National Development and Reform Commission Guo Liyan: There are many new technologies and new products that are closely integrated and innovative with leisure-related businesses such as entertainment, tourism, and sports, which have brought many new and unique experiences to consumers. At the same time, they have also extended their stay in related scenic spots and tourist-rich places. This series is an active growth point in the current related cultural tourism market. At the same time, we have also observed that during traditional Chinese holidays such as the Dragon Boat Festival, visa-free expansion-related measures have effectively attracted more overseas people to travel and shop in China.
Overall, from January to May this year, total retail sales of consumer goods increased by 5.0% year-on-year. Under the combined effect of a series of consumption-promoting policies, market sales have rebounded significantly.
Dong Yu, Executive Vice President of the China Development Planning Institute of Tsinghua University: There is also a very important policy measure introduced in the consumption field this year, which is the special action plan to boost consumption. In it, corresponding encouragement measures are also proposed for the expansion of consumption scenarios, especially for some new fields such as the first-tier economy, the silver economy, and the ice and snow economy. It provides a very important supporting role in expanding the overall cake of consumption and bringing new increments.
The expansion of domestic consumer demand and the increase in holiday travel have also driven the rapid growth of the service industry. In May, the national service industry production index increased by 6.2% year-on-year. Among them, the production index of wholesale and retail industry, accommodation and catering industry increased by 1.6 and 0.9 percentage points respectively from the previous month.
While the "troika" of consumption, investment, and exports are stabilizing, new productive forces continue to penetrate into all aspects of China's industrial structure adjustment.
Dong Yu, Executive Vice President of the China Development Planning Institute of Tsinghua University: If you break down the economic data further, you will find that some areas of faster growth often appear in industries with relatively high technological content. The more industries and fields with relatively high technological content and leading in high-quality development, the more powerful they will be in driving the economy when encountering shocks and challenges.
In May, the added value of high-tech manufacturing industries above designated size increased by 8.6% year-on-year, which was significantly faster than the growth rate of industries above designated size. The output of 3D printing equipment and industrial robot products increased by 40.0% and 35.5% respectively year-on-year, and the added value of intelligent unmanned aerial vehicle manufacturing increased by 85.9%.
Guo Liyan, deputy director of the Economic Research Institute of the National Development and Reform Commission: New products with relatively fast year-on-year growth in May, such as unmanned aerial vehicles, intelligent vehicle-mounted products, and humanoid robots, all maintained high double-digit growth, indicating that the current artificial intelligence + related industries such as low-altitude intelligent network connection, intelligent unmanned driving, and humanoid robots are accelerating technology iteration and product innovation. The generation of new kinetic energy is accelerating, and industrial manufacturing advantages and ultra-large-scale resource advantages in the market are accelerating the application of this new type of products.
As the leading role of innovation continues to increase, overall in the first five months of this year, the continued growth of new driving forces is also supported by data. From January to May, the added value of the high-tech manufacturing industry above designated size increased by 9.5% year-on-year, and the added value of digital product manufacturing industry above designated size increased by 9.9% year-on-year.
Dong Yu, Executive Vice President of the China Development Planning Institute of Tsinghua University: From the perspective of industrial development from January to May, a very important point is the construction of Digital China, which is also penetrating into all aspects of economic development. Artificial intelligence technology represented by DeepSeek is also being adopted by an increasingly wide range of small and medium-sized enterprises. The adoption of artificial intelligence technology will reduce production costs, enable companies to better meet customer needs, and produce products with higher quality and more technical content. In the future, intelligence will become an important business card of China's manufacturing.
The fundamentals of China’s long-term economic growth have not changed. In the next stage, my country's policy toolbox is fully stocked, and there is still a foundation, guarantee, and support for promoting stable economic operation.
In the face of a complex and ever-changing external environment, my country's economic momentum of stable growth has not changed, nor has its trend of new and positive development. This has further enhanced our confidence and confidence in dealing with various risks and challenges. We have also observed through various economic data that innovation is always the greatest competitiveness. No matter what kind of storms there are in the outside world, if the product is good, it will be easier to open up new markets, and it will be more likely to turn pressure into motivation and find new and better opportunities.
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