From 10 trillion to 14 trillion: the "industrial methodology" of economic powerhouses is diverging

In 2025, against a backdrop of increasing uncertainties in external demand, provinces across China stabilize their economic fundamentals, with many major economic provinces achieving record-high GDP. With the release of GDP data by Jiangsu on January 28, the economic data for all 31 provinces in China for the full year of 2025 have been announced. Three provinces have economic volumes exceeding 10 trillion yuan, with Guangdong leading at 14.58 trillion yuan, Jiangsu reaching a new milestone of 14 trillion yuan, and Shandong surpassing 10 trillion yuan for the first time. Additionally, as of the end of January, except for Jiangsu, Sichuan, Shanghai, Anhui, Guangxi, Inner Mongolia, Shanxi, and Ningxia, which have not yet held their annual meetings, the other 23 provinces have already convened their local meetings. From the perspective of relevant plans for the modern industrial system in various regions, adapting to local conditions is a distinct theme. For example, provinces with well-developed industrial systems such as Guangdong, Shandong, and Zhejiang continue systematic development, emphasizing the integration of new industries based on local advantages; provinces with a focus on heavy industries like Hubei and Henan prioritize quality improvement and supply chain enhancement; resource-rich provinces like Guizhou and Jiangxi extend their industrial chains in response to the trend.