1月消费、投资等多领域高频数据出炉促消费政策持续显效 2026年经济开局良好

Economic Overview - In January, various high-frequency data such as investment, consumption, foreign trade, and industrial production indicate a positive economic trend for the start of 2026 [1][2] - The amount of project bids related to new infrastructure construction and software/hardware development increased by 11.6% year-on-year, reflecting active investment in digital economy and frontier sectors [1][2] Investment Trends - The operating rate of construction machinery increased by 3.3 percentage points year-on-year, while the cement mill operation rate rose by 9.3 percentage points, and apparent steel consumption grew by 29.2% year-on-year, indicating a strong construction project activity [1] - New policy financial tools amounting to 500 billion yuan were deployed, along with an additional 200 billion yuan in special bond quotas to support investment construction in certain provinces, highlighting a significant policy push to stabilize investment [2] Consumption Insights - In January, total consumption amount increased by 2.4% year-on-year, with goods and service consumption rising by 3.6% and 1.0% respectively, showing improved consumer sentiment [2] - Payment data from small and micro businesses indicated a 2.1% year-on-year increase in consumption payments, further supporting the notion of rising consumer activity [2] Foreign Trade Performance - The average daily cargo throughput at ports increased by 6.0% year-on-year, reflecting improvements in shipping and logistics [3] - In 2025, China's total foreign trade value exceeded 45 trillion yuan, achieving a 3.8% growth despite a complex international environment, marking the ninth consecutive year of growth [3] Industrial Production Developments - Major industrial product operating rates increased by 4.7 percentage points year-on-year in January, influenced by the timing of the Spring Festival [3] - The number of patents granted in strategic emerging industries grew by 1.1% year-on-year, with AI-related patents increasing by 29.8%, indicating strong innovation momentum in frontier sectors [3]