Group 1: Overall Retail Performance - In July, the total retail sales of consumer goods reached 38,780 billion yuan, with a year-on-year growth of 3.7% [1] - From January to July, the total retail sales of consumer goods amounted to 284,238 billion yuan, growing by 4.8% [1] Group 2: Breakdown by Location - In July, urban retail sales were 33,620 billion yuan, reflecting a year-on-year increase of 3.6%, while rural retail sales were 5,160 billion yuan, growing by 3.9% [3] - For the period of January to July, urban retail sales totaled 246,669 billion yuan, with a growth rate of 4.8%, and rural retail sales reached 37,569 billion yuan, increasing by 4.7% [3] Group 3: Breakdown by Consumption Type - In July, the retail sales of goods were 34,276 billion yuan, showing a year-on-year growth of 4.0%, while catering revenue was 4,504 billion yuan, with a growth of 1.1% [4] - From January to July, the retail sales of goods amounted to 252,254 billion yuan, growing by 4.9%, and catering revenue reached 31,984 billion yuan, increasing by 3.8% [4] Group 4: Retail Formats and Online Sales - From January to July, retail sales in convenience stores, supermarkets, department stores, specialty stores, and brand stores grew by 7.0%, 5.2%, 1.1%, 5.8%, and 1.9% respectively [6] - The national online retail sales for the first seven months reached 86,835 billion yuan, with a year-on-year growth of 9.2%, and the physical goods online retail sales were 70,790 billion yuan, growing by 6.3% [6] - Online retail sales of food, clothing, and daily necessities increased by 14.7%, 1.7%, and 5.8% respectively [6]

Group 1: Real Estate Investment and Development - From January to July, national real estate development investment reached 535.8 billion yuan, a year-on-year decrease of 12.0% (on a comparable basis) [1] - Residential investment amounted to 412.08 billion yuan, down 10.9% [1] - The total construction area for real estate development enterprises was 6,387.31 million square meters, a year-on-year decline of 9.2%, with residential construction area at 4,451.07 million square meters, down 9.4% [3] Group 2: New Construction and Completion - New housing starts totaled 35,206 million square meters, a decrease of 19.4%, with residential new starts at 25,881 million square meters, down 18.3% [3] - The completion area for houses was 25,034 million square meters, down 16.5%, with residential completions at 18,067 million square meters, a decline of 17.3% [3] Group 3: Sales and Inventory - From January to July, the sales area of new commercial housing was 51,560 million square meters, a year-on-year decrease of 4.0%, with residential sales area down 4.1% [4] - The sales revenue of new commercial housing was 49,566 billion yuan, a decline of 6.5%, with residential sales revenue down 6.2% [4] - As of the end of July, the inventory of commercial housing was 76,486 million square meters, a decrease of 462 million square meters from the end of June, with residential inventory down by 285 million square meters [7] Group 4: Funding Situation - From January to July, the funds available to real estate development enterprises totaled 57,287 billion yuan, a year-on-year decrease of 7.5% [8] - Domestic loans amounted to 9,207 billion yuan, an increase of 0.1%, while self-raised funds were 23,230 billion yuan, down 8.5% [8] - Personal mortgage loans reached 7,918 billion yuan, a decline of 9.3% [8] Group 5: Market Sentiment - The real estate development prosperity index (National Real Estate Prosperity Index) stood at 93.34 at the end of July [9]

（文章来源：国家统计局） 国家统计局数据显示，7月份，规上工业天然气产量216亿立方米，同比增长7.4%，增速比6月份加快2.8 个百分点；日均产量7.0亿立方米。1—7月份，规上工业天然气产量1525亿立方米，同比增长6.0%。 ...

国家统计局数据显示，2025年7月份有色金属冶炼和压延加工业增加值同比增长6.8%，1-7月累计增加值 同比增长7.4%；7月份十种有色金属产量为681万吨，同比增长2.2%；1-7月累计产量为4739万吨，累计 同比增长2.8%。其中电解铝7月份产量为378万吨，同比增长0.6%；1-7月电解铝产量为2638万吨，累计 同比增长2.8%。 | 2025年7月份规模以上工业生产主要数据 | | --- | 资讯编辑：冯诗奇 021-26093556 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 | | 7月 | | 1-7月 | | | --- | --- | --- | --- | --- | | 指标 | 绝对重 | 同比增长 | 绝对童 | 同比增长 | | | | (%) | | (%) | | 规模以上工业增加值 | : | 5.7 | : | 6.3 | | 分三大门类 | | | | | | 老乱,不 | : | 5.0 | : | 5.8 | | 制造业 | : | 6.2 | : | 6.9 | | 其中:高技术制造业 | : | 9.3 | : | ...

Group 1 - The core viewpoint of the article is that infrastructure investment in China has shown a year-on-year growth of 3.2% from January to May, excluding the power, heating, gas, and water production and supply industries [1] Group 2 - Investment in the water transportation industry increased by 18.9% [1] - Investment in water conservancy management grew by 12.6% [1] - Investment in railway transportation rose by 5.9% [1]

分产品看，7月份，规模以上工业623种产品中有335种产品产量同比增长。汽车251.0万辆，增长8.4%，其中新能 源汽车117.6万辆，增长17.1%。 | 2025年7月份规模以上工业生产主要数据 | | | | | | --- | --- | --- | --- | --- | | | 7月 | | 1-7月 | | | 绝对量 | | 同比增长 | 绝对量 | 同比增长 | | | | (%) | | (%) | | 规模以上工业主要产品产量 | | | | | | 布(亿米) | 27 | 1.9 | 183 | 0. 3 | | 硫酸(折100%) (万吨) | 923 | 8.0 | 6444 | 7.1 | | 烧碱(折100%) (万吨) | 381 | 6.8 | 2661 | 4. 3 | | 乙烯(万吨) | 312 | 9. 1 | 2127 | 10. 6 | | 化学纤维 (万吨) | 734 | 4. 6 | 4998 | 5.0 | | 水泥 (万吨) | 14557 | -5.6 | 95801 | -4.5 | | 平板玻璃(万重量箱) | 8042 | -3. 4 | ...

Core Insights - The industrial value-added growth for the first seven months of the year is reported at 5.7%, with a year-on-year increase of 6.3% [2] - The manufacturing sector shows a robust performance, with high-tech manufacturing growing at 9.3% year-on-year [2] - The energy sector, particularly electricity and gas production, has seen a decline in growth rates, with electricity production increasing by only 3.4% [2] Industrial Performance - The industrial value-added for the mining sector grew by 5.0%, while manufacturing increased by 6.2% [2] - The electricity, heat, gas, and water production and supply industry experienced a growth of 3.3% [2] - State-owned enterprises reported a growth of 5.4%, while private enterprises grew by 5.0% [2] Key Industries - Coal mining and washing industry increased by 4.2%, while oil and gas extraction grew by 4.1% [2] - The chemical raw materials and products manufacturing industry saw a growth of 7.2% [2] - The automotive manufacturing sector reported a significant growth of 8.5% [3] Production Output - The production of crude steel decreased by 4.0% to 7,966 million tons, while steel products increased by 6.4% [2] - The output of solar cells grew by 16.0% to 6,638 million kilowatts [3] - The production of new energy vehicles surged by 17.1% to 117.6 million units [3] Export and Sales - The export delivery value reached 1,290.4 billion yuan, reflecting a year-on-year increase of 0.8% [3] - The product sales rate slightly decreased by 0.2 percentage points to 97.1% [3]

（文章来源：国家统计局） 国家统计局数据显示，7月份，规上工业原油产量1812万吨，同比增长1.2%，增速比6月份放缓0.2个百 分点；日均产量58.5万吨。1—7月份，规上工业原油产量12660万吨，同比增长1.3%。 ...

7月份，规模以上工业增加值同比实际增长5.7%（增加值增速均为扣除价格因素的实际增长率）。从环比看，7月份，规模以上工业增加值比上月增长 0.38%。1—7月份，规模以上工业增加值同比增长6.3%。 分三大门类看，7月份，采矿业增加值同比增长5.0%，制造业增长6.2%，电力、热力、燃气及水生产和供应业增长3.3%。 分经济类型看，7月份，国有控股企业增加值同比增长5.4%；股份制企业增长6.5%，外商及港澳台投资企业增长2.8%；私营企业增长5.0%。 分行业看，7月份，41个大类行业中有35个行业增加值保持同比增长。其中，煤炭开采和洗选业增长4.2%，石油和天然气开采业增长4.1%，农副食品加工业 增长5.6%，酒、饮料和精制茶制造业增长0.1%，纺织业增长1.7%，化学原料和化学制品制造业增长7.2%，非金属矿物制品业下降0.6%，黑色金属冶炼和压 延加工业增长8.6%，有色金属冶炼和压延加工业增长6.8%，通用设备制造业增长8.4%，专用设备制造业增长3.8%，汽车制造业增长8.5%，铁路、船舶、航 空航天和其他运输设备制造业增长13.7%，电气机械和器材制造业增长10.2%，计算机、通信和其他电子设 ...

1-7月份，全国固定资产投资（不含农户）288229亿元，同比增长1.6%。其中，民间固定资产投资同比下降1.5%。从环比看，7月 份固定资产投资（不含农户）下降0.63%。 分产业看，第一产业投资5646亿元，同比增长5.6%；第二产业投资104455亿元，增长8.9%；第三产业投资178128亿元，下降 2.3%。 第二产业中，工业投资同比增长9.0%。其中，采矿业投资增长3.0%，制造业投资增长6.2%，电力、热力、燃气及水生产和供应 业投资增长21.5%。 第三产业中，基础设施投资（不含电力、热力、燃气及水生产和供应业）同比增长3.2%。其中，水上运输业投资增长18.9%，水 利管理业投资增长12.6%，铁路运输业投资增长5.9%。 分地区看，东部地区投资同比下降2.4%，中部地区投资增长3.2%，西部地区投资增长3.6%，东北地区投资下降3.0%。 分登记注册类型看，内资企业固定资产投资同比增长1.7%，港澳台企业固定资产投资增长3.5%，外商企业固定资产投资下降 15.7%。 | 指 标 | 同比增长(%) | | --- | --- | | 固定资产投资(不含农户) | 1.6 | | 其中:国 ...