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

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.