EY安永：2026年中国经济破局谋新乘势而上报告（英文版）

In 2025, amid a complex and shifting domestic and global environment, China’s economy showed an asymmetric growth, stronger early in the year and moderating toward year-end. Fullyear gross domestic product (GDP) surpassed RMB140 trillion for the first time, up 5.0% year-on-year (YoY). Final consumption contributed 52%1 to economic growth, remaining the primary engine and stabilizing anchor. However, the slowdown in the fourth quarter underscored the urgency of rebalancing domestic supply and