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基础设施加快推进、消费市场持续回暖 一组数据感受活力中国
Yang Shi Xin Wen Ke Hu Duan·2025-08-15 07:33

Economic Overview - The overall economic operation in China remained stable in July, with various fiscal policies continuing to exert influence and accelerate infrastructure project construction [1] Government Investment and Infrastructure - Government investment has increased, leading to a faster pace of engineering construction [2] - National engineering machinery workload increased by 4.44% month-on-month, indicating a quicker pace in infrastructure project construction, particularly in road equipment, which reflects ongoing large-scale projects [3] - 20 provinces in China reported a construction start rate exceeding 50%, with 12 provinces, including Hubei, Jiangxi, Guizhou, Qinghai, and Guangxi, showing month-on-month growth [5] - From January to July, the cumulative year-on-year growth of project bidding amounts was 31.9%, indicating a robust investment climate [7] - Major economic provinces like Jiangsu, Guangdong, Zhejiang, Sichuan, and Shandong accounted for nearly 40% of the national project bidding amounts in July, continuing to play a leading role in investment [9] Industrial Production - Industrial production maintained steady growth in July, with strong innovation and development momentum among enterprises [10] - The industrial park production heat index increased by 21.9% year-on-year in July, with the average operating rate of major industrial products rising by 2.6 percentage points compared to the same period last year [11] - The operational vitality index for startups and technology innovation enterprises grew by 35.2% and 24.9% year-on-year, respectively, with five provinces showing over 50% growth in startup vitality [13] Consumer Activity - The consumer market continued to recover in July, with both online and offline consumption showing improvement [14] - The online service consumption heat index increased by 9.7% year-on-year, indicating stable consumer vitality related to daily life [15] - Offline consumption showed even more significant growth, with a year-on-year increase of 20.9% in the consumption heat index, particularly in regions like Ningxia, Guangxi, Anhui, Tianjin, and Henan [17] - Home appliance consumption surged, with key categories seeing a 36.7% year-on-year increase in online retail sales, particularly in air conditioning [19] - The migration scale index increased in July, with a month-on-month rise of 15.3% and a year-on-year rise of 16.1%, reflecting heightened travel enthusiasm among residents [20]