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国家发展改革委就当前宏观经济运行热点回应社会关切 持续发力、适时加力实施宏观政策
Jing Ji Ri Bao·2025-09-29 22:17

Economic Overview - In August, some economic indicators in China showed fluctuations, raising concerns about the achievement of the annual economic growth target amid slowing consumption, weak investment growth, and uncertain exports [1][2] - Despite external pressures, China's economy is generally stable, with high-quality development being steadily advanced, supported by continuous macro policy efforts [1][2] Supply-Side Analysis - Production is steadily growing, with significant increases in key sectors; in August, the added value of large-scale equipment manufacturing and high-tech manufacturing grew by 8.1% and 9.3% year-on-year, respectively [1] - The service sector's production index increased by 5.6% year-on-year, with the accommodation and catering industry showing accelerated growth [1] Profitability Improvement - Industrial profits have shown significant improvement; in the first eight months, the profit growth rate for large-scale industrial enterprises turned positive, from a decline of 1.7% to a growth of 0.9% year-on-year [1] - Monthly profit growth shifted from a decline of 1.5% in July to a growth of 20.4% in August [1] Demand-Side Resilience - Policy effectiveness is evident, with strong resilience and pressure resistance; retail sales of products related to trade-in programs continue to grow rapidly, and service consumption potential is being released [2] - Manufacturing investment grew by 5.1% in the first eight months, with significant increases in specific sectors such as information services and aerospace manufacturing [2] Foreign Trade Performance - In August, the total value of goods imports and exports increased by 3.5% year-on-year, with both exports and imports achieving growth for three consecutive months [2] Artificial Intelligence Initiative - The "Artificial Intelligence+" initiative aims for over 70% application penetration of new intelligent terminals and intelligent agents by 2027 [2][3] - The initiative emphasizes the importance of private enterprises in driving AI development, with 254,000 new AI software R&D private companies established in the first quarter of this year [3] Policy Support for AI Development - The National Development and Reform Commission (NDRC) plans to support various enterprises, including private ones, in participating in the "Artificial Intelligence+" initiative through policy and financial measures [3] "Three North" Project - The "Three North" project is the largest ecological protection and restoration project globally, with a new overall plan emphasizing grand strategic goals and diverse governance models [4] New Financial Tools - A new type of policy financial tool has been established with a scale of 500 billion yuan, aimed at supplementing project capital [5] - The NDRC is working to ensure that these funds are allocated to specific projects to promote effective investment and economic stability [5]