经济运行呈现多方面积极特点

Core Viewpoint - The economic data for August indicates a stable and improving trend in China's economy, with significant growth in industrial output and service sectors, driven by effective macroeconomic policies [3][4][6]. Economic Performance - The industrial added value for large-scale enterprises increased by 5.2% year-on-year in August, maintaining a rapid growth rate [4][5]. - The service sector production index grew by 5.6% year-on-year, outperforming the industrial sector [4][5]. - The total retail sales of consumer goods rose by 3.4% year-on-year, indicating a continued expansion in domestic demand [4][5]. Investment Trends - Fixed asset investment increased by 0.5% year-on-year from January to August, with manufacturing investment growing by 5.1%, significantly outpacing overall investment growth [5][6]. - Equipment and tool investment rose by 14.4% year-on-year, contributing to a 2.1 percentage point increase in fixed asset investment [6]. Foreign Trade and Reserves - The total import and export value in August increased by 3.5% year-on-year, with both exports and imports achieving three consecutive months of growth [5][6]. - By the end of August, China's foreign exchange reserves increased by $29.9 billion compared to the previous month, reflecting a stable upward trend [5]. Policy Impact - The government's policies aimed at boosting consumption and investment are showing positive effects, particularly in enhancing domestic demand and promoting economic circulation [6][7]. - The "old-for-new" consumption policy has effectively stimulated consumer demand, leading to significant sales growth in related products [6]. Long-term Outlook - Despite external uncertainties, the fundamental conditions supporting long-term economic growth in China remain intact, with ongoing macroeconomic policy effectiveness and deepening reforms [8][10]. - The real estate market is showing signs of stabilization, with a narrowing decline in sales and prices, indicating progress towards recovery [9][10].