2026 has arrived.
On New Year’s Eve, the national leader delivered the 2026 New Year Address, paying tribute to every hardworking individual striving for progress.
The nation’s total economic output has continuously surpassed new milestones, with an estimated 140 trillion yuan this year, marking a new stage in economic strength, technological capability, defense power, and comprehensive national power.
The year 2025 was an extraordinary one, with the economy advancing under pressure and the «14th Five-Year Plan» successfully concluded.
Many of the significant innovative achievements mentioned in the address highlight the confidence of the economy as a «locomotive» driving global economic growth.
«AI large models are racing to catch up,» «new breakthroughs have been made in independent chip R&D,» «Tianwen-2 embarks on its ‘star-chasing’ journey,» «humanoid robots showcase ‘kung fu mode'»
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Behind these accomplishments is an economy undergoing profound transformation, using the key of new quality productive forces to unlock the new door of high-quality development for the «15th Five-Year Plan.»
A solid foundation ensures stability. Behind the steadily climbing GDP figure of 140 trillion yuan lies the profound foundation and surging vitality of an ultra-large-scale market. From coastal to inland areas, from cities to villages, technology and industry are deeply integrated, and the potential of domestic demand is continuously unleashed.
In the first three quarters of 2025, the contribution of final consumption expenditure to economic growth reached 53.5%, an increase of 9 percentage points from the previous full year.
Against the backdrop of a turbulent external environment, the vast domestic market acts as a stabilizing anchor, poised to continuously unleash its potential during the «15th Five-Year Plan» period, providing ample momentum for the economic ship to navigate the waves.
Strong framework, ample momentum. The strength of the economic «framework» depends crucially on the power of the innovation engine.
In 2025, the nation became one of the economies with the fastest-rising innovation capacity, with many perceiving it as having a stronger «tech vibe.»
The «Global Innovation Index 2025 Report» released by the World Intellectual Property Organization shows its ranking has risen to 10th globally, entering the global top ten for the first time.
From the DeepSeek large model gaining widespread popularity, to humanoid robots entering daily life, to the continuous upward exploration of commercial aerospace… batches of breakthroughs in key core technologies and the rise of high-end manufacturing clusters demonstrate the firm strides in high-quality development and a leading position in the global technology sphere.
Warm livelihoods, united hearts. The purpose of economic development is to improve people’s livelihoods. Childcare subsidies, aging-friendly home modifications… are vivid reflections of the commitment to a people-centered development philosophy, translating growth achievements into tangible well-being.
«With the necessities of life and the rhythm of daily meals through the seasons, each ‘small family’ thriving means the ‘big family’ of the nation is flourishing.»
Enhanced care for «the young and the old.» Childcare subsidies for children under 3 have been fully implemented nationwide, easing family burdens. To date, all 31 provincial-level regions have issued such subsidies, covering over 24 million people, with a distribution rate of around 80% for 2025.
In the first 11 months of 2025, renovation work commenced on 25,800 old urban residential communities nationwide. Many old neighborhoods have been equipped with elevators, and community elderly care service centers are increasing, offering considerate services that warm hearts.
Standing at the historical intersection marking the successful conclusion of the «14th Five-Year Plan» and the spirited launch of the «15th Five-Year Plan,» as 2026 is welcomed, the economy is sailing forward on the course of high-quality development with a more solid foundation, a stronger framework, and a warmer sentiment, carrying hope and confidence.