Core Viewpoint - The macroeconomic policies in China have shown positive effects, leading to stable economic growth and expansion in various sectors, including production, market sales, and foreign trade [2][5]. Economic Performance - In November, industrial production maintained steady growth, with the industrial added value of large-scale enterprises increasing by 4.8% year-on-year, remaining consistent with the previous month [3]. - The equipment manufacturing sector experienced significant growth, with its added value rising by 7.7%, contributing 59.4% to the overall industrial growth [3]. - Retail sales of consumer goods increased by 1.3% year-on-year, with notable growth in cosmetics (6.1%) and gold and jewelry (8.5%) [3]. Employment and Prices - The urban unemployment rate remained stable at 5.1% in November, unchanged from the previous month [4]. - Consumer prices rose by 0.7% year-on-year, with a 0.5 percentage point increase from the previous month, marking three consecutive months of price recovery [4]. Policy Support - The implementation of proactive macroeconomic policies has played a crucial role in supporting stable economic operations [5]. - Policies aimed at promoting consumption and investment have been effective, with significant increases in retail sales of home appliances (14.8%), cultural office supplies (18.2%), and communication equipment (20.9%) from January to November [6]. Investment and Production - Equipment investment grew by 12.2% year-on-year from January to November, contributing 1.8 percentage points to overall investment growth [6]. - The added value of large-scale equipment manufacturing increased by 9.3%, accounting for 36.4% of total industrial output [6]. Business Performance - From January to October, the revenue of large-scale industrial enterprises increased by 1.8%, while profits rose by 1.9%, marking three consecutive months of growth [7]. - In the service sector, revenue increased by 7.6% and profits by 7.8% during the same period [7]. Outlook for Economic Goals - The data from the first eleven months indicates favorable conditions for achieving the annual economic growth target, supported by expanding market demand and effective macro policies [8]. - The ongoing implementation of policies related to "two new" and "two heavy" constructions is expected to further stimulate demand and production [9].
国民经济延续稳中有进发展态势(锐财经)
Ren Min Ri Bao Hai Wai Ban·2025-12-15 22:51