11月工业高端化势头明显，3D打印设备产量翻番

Core Insights - In November, the industrial added value of enterprises above designated size in China experienced a year-on-year real growth of 4.8%, with a month-on-month increase of 0.44% [5][6] - The growth rate of industrial production showed a slight decline compared to the previous month, influenced by base effects, while the month-on-month growth accelerated [6][7] - High-end manufacturing sectors, particularly equipment manufacturing and high-tech manufacturing, demonstrated significant growth, with respective year-on-year increases of 7.7% and 8.4% [7][8] Industrial Performance - The mining industry saw a year-on-year increase of 6.3%, while manufacturing and electricity, heat, gas, and water production and supply industries grew by 4.6% and 4.3%, respectively [6] - The cumulative industrial added value from January to November grew by 6.0% year-on-year, indicating a stable overall industrial production environment [5][11] High-tech and Equipment Manufacturing - The added value of equipment manufacturing and high-tech manufacturing accounted for 36.4% and 16.9% of the total industrial added value, respectively [7][8] - Notable product growth included 3D printing equipment, industrial robots, and new energy vehicles, with year-on-year production increases of 100.5%, 20.6%, and 17.0% [9][10] Policy Impact - The implementation of policies such as "two highs" and "two new" has effectively stimulated market demand and supported industrial production growth and upgrades [2][8] - The focus on expanding domestic demand and promoting the transformation of traditional industries is crucial for sustaining industrial development [11]