A recent event, the "China Economic Vitality Data Night," organized by the financial programming center of China Central Television, featured a keynote presentation by Wang Yufei, Vice President of Tianyancha, who released significant "Big Data on Enterprise Vitality." As a leading domestic business inquiry platform, Tianyancha leverages its database of over 390 million social entities and more than 1,100 data dimensions to collaborate with CCTV Finance in decoding the intrinsic drivers of China's steady economic progress using authoritative data. The report offers a panoramic view of the robust resilience and vast potential of the Chinese economy, examining micro-level foundations, industrial engines, and consumption momentum.
Micro, small, and medium-sized enterprises (MSMEs) form the most dynamic cells of the market economy and serve as the "micro-level foundation" for China's stable economic operation. Data from Tianyancha reveals that by 2025, the total number of MSMEs in China with registered capital under 5 million yuan has exceeded 130 million, accounting for 66% of all business entities. Throughout 2025, 7.68 million new MSMEs were established, averaging over 20,000 new registrations per day. These enterprises, spanning various industries, permeate every corner of the economic and social landscape like capillaries. Tianyancha monitors the "vital signs" of each business entity, supporting MSMEs in operations and partnership decisions through functions such as business information, risk assessment, equity structure analysis, and ultimate beneficiary identification, thereby indirectly facilitating the growth of tens of millions of small businesses. The "micro-level foundation" of China's economy is becoming increasingly solid.
If the total number of business entities represents the "base," then the industrial structure acts as the "engine." In 2025, three key sectors—artificial intelligence, the low-altitude economy, and new energy vehicles—demonstrated remarkable performance, collectively unleashing new economic dynamics. In artificial intelligence, against the backdrop of national initiatives promoting "AI+," the entire industry ecosystem has exhibited vigorous innovative capacity. Tianyancha data shows that by 2025, there are nearly 2.3 million AI-related enterprises, with over 550,000 new registrations in 2025 alone, a 32.6% increase compared to the same period in 2024. These enterprises operate across more than 20 fields, including smart manufacturing, intelligent transportation, and smart healthcare, indicating a increasingly solid industrial foundation.
The low-altitude economy represents a burgeoning blue-ocean industry. According to Tianyancha, registrations for low-altitude economy enterprises surged by 135.6% in 2025, bringing the total number to 157,000. Capital market activity has been equally vibrant; Tianyancha's investment and financing data indicates that manufacturers of intelligent unmanned aerial vehicles raised over 17.4 billion yuan in total financing, a 45.9% increase from 2024. From drone food delivery to urban air mobility, and from agricultural plant protection to emergency rescue, what was once a distant "aerial business" is now becoming a tangible industrial reality.
The new energy vehicle industry underwent a "qualitative leap" in 2025. Tianyancha data reports that by 2025, the number of registered new energy vehicle-related enterprises in China reached 1.079 million, with 381,000 new additions in 2025, a year-on-year increase of 5.5%. Utilizing its extensive data dimensions, Tianyancha comprehensively documents the industry's transition from scale expansion to technological breakthroughs and brand upgrades, providing data support for high-quality industrial development.
The vigorous growth of modern service industries continues to unleash consumption vitality. Tianyancha data shows that there are over 2.599 million existing tourism-related enterprises nationwide, with the cultural and tourism sector emerging as a new growth pole stimulating regional economic expansion. The recent popularity boom of Harbin serves as a vivid example of this trend. This "traffic surge" not only drove a sharp increase in ice and snow tourism consumption but also revitalized the entire cultural and tourism industry chain in Heilongjiang Province. Data indicates that in 2025 alone, Heilongjiang saw the addition of 361,000 new enterprises across just four sectors—culture, sports & entertainment; leasing & business services; and accommodation & catering—accounting for one-quarter of all new enterprises in the province. This means one out of every four new businesses was related to the cultural and tourism industry. The transition from "internet-famous check-in spots" to "enduring industries" demonstrates that consumers are willing to pay for quality experiences, and businesses are adapting accordingly—this is the power of the market.
From 130 million MSMEs solidifying the micro-level foundation, to three emerging sectors activating industrial momentum, and further to the cultural and tourism industry unleashing consumption potential, this series of core data points illustrates a dynamic pattern of multi-point growth and synergistic development within the Chinese economy. As a leading domestic business inquiry platform, Tianyancha witnesses every change, every financing round, and every new registration of business entities. Through authoritative data interpretation and industrial insights, this report not only deciphers the core logic of economic vitality but also conveys the fundamentally positive long-term outlook of the Chinese economy to the public. As the "micro-level foundation" becomes more solid, new growth drivers strengthen, and consumption vitality continues to be released, the resilience and vitality of China's economy will undoubtedly translate into powerful momentum for high-quality development. Moving forward, Tianyancha will continue to use data as a bridge to provide more precise business decision support for market entities, thereby contributing to high-quality economic development.