Economic Overview - In July, major economic indicators maintained overall stability, with new growth drivers emerging, supporting steady economic development [1] - Despite facing risks and challenges, macro policies are showing effectiveness, leading to expanded market demand and enhanced market vitality [1] New Productive Forces - The added value of high-tech manufacturing above designated size increased by 9.3% year-on-year in July, outpacing the overall industrial growth by 3.6 percentage points [2] - The digital economy is rapidly developing, with the added value of digital product manufacturing growing by 8.4% in July [2] - Production of green low-carbon products is increasing, with new energy vehicles, lithium-ion batteries, and wind turbine generators seeing production growth of 17.1%, 29.4%, and 19.3% respectively [2] Foreign Trade - In July, the total value of goods imports and exports grew by 6.7% year-on-year, with exports increasing by 8% and imports by 4.8% [3] - The diversification of trade is evident, with exports to ASEAN, the EU, and Belt and Road countries growing by 14.8%, 8.2%, and 11.7% respectively from January to July [3] - The export of integrated circuits surged by 21.8%, reflecting enhanced international competitiveness [3] Consumption - Retail sales of consumer goods increased by 3.7% year-on-year in July, with service retail sales growing by 5.2% from January to July [4] - The "old-for-new" policy is showing positive effects, with significant growth in retail sales of home appliances, furniture, and communication equipment [4] - Tourism and leisure-related consumption saw rapid growth during the summer, with double-digit increases in various service sectors [5] Investment - Fixed asset investment grew by 1.6% year-on-year from January to July, with actual growth (adjusted for price factors) estimated at 4% to 5% [6] - Manufacturing investment increased by 6.2%, significantly outpacing overall investment growth [6] - Investment in high-tech industries, particularly in aerospace and information services, saw substantial increases of 33.9% and 32.8% respectively [6] Price Trends - In July, the Consumer Price Index (CPI) showed positive changes, with a month-on-month increase of 0.4% [7] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, indicating a strengthening market demand [7] - The Producer Price Index (PPI) saw a month-on-month decline of 0.2%, but the rate of decline has narrowed, marking the first reduction in decline since March [7]
宏观政策发力显效 经济运行稳中有进 五个关键词解码七月经济（权威发布）
Ren Min Ri Bao·2025-08-15 21:52