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%[19] - Infrastructure investment growth for the same period was 4.3%, slightly up from 4.1%[25] Consumer Spending - In October, the total retail sales of consumer goods increased by 4.8% year-on-year, up from 3.2% in the previous month[11] - Home appliance consumption surged by 39.2% year-on-year, significantly higher than the previous 20.5%[11] Real Estate Market - From January to October, real estate investment saw a cumulative year-on-year decline of 10.3%, worsening from a previous decline of 10.1%[32] - The sales area of new commercial housing decreased by 15.8% year-on-year, but the decline rate has narrowed compared to the previous 17.1%[32] Industrial Production - The industrial added value in October grew by 5.3% year-on-year, with manufacturing increasing by 5.4%[39] - High-tech manufacturing saw a significant increase, with added value growing by 9.4% year-on-year, outperforming overall industrial growth by 4.1 percentage points[7] Infrastructure Investment - The acceleration of project funding disbursement is expected to boost infrastructure investment growth, which has recently shown signs of recovery[25] - The issuance of special bonds for local government projects reached 2.83 trillion yuan by the end of September, with a planned total of 3.12 trillion yuan for the year[25]