2024年10月经济数据分析：政策效果显现，供需结构改善

Economic Overview - The overall fixed asset investment in China from January to October reached 42,322.2 billion yuan, with a year-on-year growth of 3.4%[20] - Infrastructure investment growth has rebounded to 4.3% in the same period, up from 4.1%[26] Consumer Spending - In October, the total retail sales of consumer goods increased by 4.8% year-on-year, compared to 3.2% in the previous month[12] - Home appliance consumption surged by 39.2% year-on-year, significantly up from 20.5%[12] Real Estate Market - Real estate investment from January to October saw a cumulative year-on-year decline of 10.3%, worsening from a previous decline of 10.1%[7] - The sales volume of new residential properties decreased by 15.8% year-on-year, but the decline rate has narrowed compared to previous months[33] Industrial Production - The industrial added value in October grew by 5.3% year-on-year, slightly down from 5.4% in September[40] - High-tech manufacturing industries showed robust growth, with added value increasing by 9.4% year-on-year[7] Policy Impact - The implementation of debt relief policies is expected to significantly improve market liquidity and local investment spending, stabilizing investment and consumption growth[10] - The combination of policies aimed at stabilizing the real estate market and boosting the capital market is expected to enhance consumer confidence[12]