8月份国民经济保持总体平稳、稳中有进

Core Viewpoint - The national economy of China is maintaining overall stability and progress, with steady growth in production, expanding domestic demand, and increasing foreign trade despite global economic uncertainties [1][2][5]. Economic Performance - Production is showing stable growth, with industrial value-added in August increasing by 5.2% year-on-year, and manufacturing value-added growing by 5.7%, outpacing overall industrial growth [1][2]. - The service sector is also performing well, with a production index growth of 5.6% in August, driven by increased travel and dining activities during the summer [1][2]. Domestic Demand - Domestic consumption is expanding, with retail sales of consumer goods increasing by 3.4% year-on-year in August, and service consumption, particularly in tourism and entertainment, showing strong growth [2]. - Fixed asset investment has grown by 0.5% in the first eight months, with manufacturing investment rising by 5.1%, indicating robust support for manufacturing upgrades [2]. Foreign Trade and Reserves - China's foreign trade remains resilient, with total goods trade increasing by 3.5% year-on-year in August, and exports of electromechanical products growing by 9.2% in the first eight months [2]. - Foreign exchange reserves increased by $29.9 billion at the end of August, reflecting a stable upward trend [2]. Stability Indicators - Key economic indicators have shown stable growth from January to August, with the urban unemployment rate at 5.3%, remaining consistent with the previous year [3]. - Consumer prices decreased by 0.4% year-on-year in August, primarily due to falling food prices, while core CPI (excluding food and energy) rose by 0.9% [3]. Transformation and Innovation - The rise of artificial intelligence and digitalization is driving growth in related industries, with significant increases in the manufacturing of smart vehicle equipment (17.7%) and integrated circuits (23.5%) in August [4]. - The modern service sector is also thriving, with information technology services growing by 12.1% [4]. Future Outlook - The long-term supportive conditions for China's economy remain unchanged, with macroeconomic policies expected to continue fostering stable growth [5].