国民经济延续稳中有进发展态势

Core Viewpoint - The national economy in October 2023 continued to show a stable growth trend, with steady production demand, stable employment and prices, and ongoing transformation and upgrading [1] Economic Operation Overview - Production supply continued to grow, with agricultural production performing well and industrial production remaining stable, as evidenced by a 4.9% year-on-year increase in industrial added value in October [2] - Market sales expanded, with a 2.9% year-on-year increase in total retail sales of consumer goods in October, driven by consumption-boosting initiatives and holiday economic activities [2] Employment and Price Stability - The urban unemployment rate was 5.1% in October, marking a decline for two consecutive months [3] - Positive changes in prices were noted, with consumer prices turning from decline to increase and a narrowing decline in producer prices; specific industries like lithium-ion battery manufacturing and photovoltaic equipment saw price increases of 0.2% and 0.6% respectively [3] Investment Structure and Potential - Fixed asset investment saw a year-on-year decline of 1.7% from January to October, with a 1.1% decrease in exports; however, investment in manufacturing grew by 2.7% during the same period, indicating an optimization in investment structure [4] - The manufacturing sector's investment accounted for 25.6% of total investment, up 1.1 percentage points from the previous year, highlighting the ongoing potential for investment growth in various sectors [4] Outlook for the Year - The economic environment is conducive to achieving annual development goals, despite facing risks and challenges; the long-term positive trends and support conditions for the economy remain unchanged [5] - The economy has shown rapid growth this year, with stable employment and prices, and a balanced international payment situation, laying a solid foundation for achieving annual targets [6] - Demand potential continues to be released, with active market sales in tourism, culture, sports, and online consumption, indicating a robust domestic market [6] - The cultivation of new productive forces is evident, with significant growth in smart product manufacturing and green material production [6] - Ongoing macro policies are effectively implemented, contributing to demand expansion and economic stability [6]