China’s National Bureau of Statistics Institute of Statistical Science said the
2025 New Economic Momentum Index (2022=100), calculated under the New
Industries/New Business Models statistical monitoring system using a fixed‑base
index, stood at 153.0, up 12.5% YoY. Subindices: Transformation & Upgrading
156.8 (+22.7% YoY; contribution to total growth 34.1%), Innovation‑Driven 156.3
(+12.9% YoY; contribution 31.4%), Network Economy 157.8 (+10.8% YoY;
contribution 27.2%), Economic Vitality 137.2 (+4.8% YoY; contribution 7.3%).
Transformation/upgrading and innovation were the largest contributors to the
index’s growth.