11月经济增长数据解读：11月国有控股工业企业增加值平稳增长

Economic Growth Indicators - In November, the industrial added value of large-scale enterprises increased by 5.4% year-on-year, with a month-on-month growth of 0.46%[1] - From January to November, the industrial added value grew by 5.8% year-on-year, consistent with the previous period, and up by 1.5 percentage points compared to the same period in 2023[1] - Fixed asset investment from January to November increased by 3.3% year-on-year, slightly down by 0.1 percentage points from the previous period[6] Sector Performance - The manufacturing sector's added value rose by 6.0% year-on-year in November, while the mining sector grew by 4.2%[1] - High-tech manufacturing saw a year-on-year increase of 7.8%, although this was a decline of 1.6 percentage points from October[1] - The automotive manufacturing industry experienced a significant growth of 12.0% year-on-year, an increase of 5.8 percentage points from October[4] Consumer and Investment Trends - Social retail sales in November grew by 3.0% year-on-year, down by 1.8 percentage points from October[7] - Real estate development investment decreased by 10.5% year-on-year, with the decline widening by 0.1 percentage points from the previous period[6] - The production of new energy vehicles surged by 51.1% year-on-year, reflecting strong demand in the automotive sector[5] Future Outlook - Economic growth is expected to remain stable in December, supported by a series of incremental policies and large-scale equipment upgrades[11] - The implementation of a trillion-yuan bond issuance is anticipated to boost investment further[11]