AI Data Insight
From January to November 2025, the revenue of industrial enterprises above designated size in China reached 139.2 trillion RMB, with the year-on-year growth rate narrowing from 1.5% in the first 10 months to 1.04%, indicating a significant slowdown in growth momentum. In November alone, revenue declined by approximately 3% compared to the same period last year, primarily dragged down by traditional raw material industries and weak domestic demand, although high-tech manufacturing maintained resilience. The market expects that with year-end inventory restocking and policy implementation, December data is likely to stabilize and rebound.