我国经济转型升级态势持续

Core Viewpoint - China's economic transformation and upgrading continue to show positive trends, with stable growth in production and demand, and overall stability in employment and prices [1][2][3] Economic Performance - In October, industrial production maintained stability with a year-on-year increase of 4.9% in the added value of large-scale industries [2] - The service sector's production index grew by 4.6% year-on-year, although the growth rate slightly decreased due to a high base from the previous year [2] - Retail sales of consumer goods increased by 2.9% year-on-year in October, with significant growth in the sales of products related to consumption upgrades [2][4] Employment and Prices - The urban unemployment rate was 5.1% in October, marking a decline for two consecutive months, with specific improvements in employment for migrant agricultural workers [2][3] - The consumer price index (CPI) turned positive in October, with the core CPI rising by 1.2% year-on-year, indicating a continuous expansion in inflation [3] New Economic Drivers - The digital economy and emerging industries are expanding, with significant growth in online retail, which accounted for 25.2% of total retail sales in the first ten months [4][6] - Investment in high-tech sectors is increasing, particularly in renewable energy, new materials, and artificial intelligence, contributing to overall economic stability [4][6] Industrial Upgrading - The advanced manufacturing and modern service sectors are gaining a larger share of the economy, with the added value of equipment manufacturing increasing by 9.5% year-on-year [5] - The integration of modern services with advanced manufacturing is showing positive trends, with significant contributions to the third sector's growth [5] Future Outlook - Despite challenges, the long-term positive trends in China's economy remain intact, supported by macroeconomic policies and expanding market potential [7][8] - The government is implementing proactive macro policies to stimulate demand and production, with new financial tools introduced to enhance local government financing and investment [8]