中观数据周报：工业生产走弱，新房成交回升-20251124

Policy Insights - The focus of policies is on high-quality economic development and external coordination, with significant meetings held to support the Hainan Free Trade Port as a key gateway for China's new era of opening up[3] - The State-owned Assets Supervision and Administration Commission (SASAC) held a meeting to promote the professional integration of central enterprises, emphasizing the importance of optimizing resource allocation and enhancing core competitiveness[8] Production & Infrastructure - Upstream production activities have weakened, with a slight decrease in blast furnace operating rates and stable daily consumption of thermal coal, while prices continue to rise[3] - The new housing sales volume has slightly rebounded, particularly in second-tier cities, while the second-hand housing market has significantly declined, remaining below last year's levels[3] Transportation - Urban transportation has seen a slight recovery, with air travel experiencing a significant increase, as evidenced by a rise in flight numbers and operational rates compared to last year[3] Consumer Trends - The growth rate of automobile sales has slowed, with retail and wholesale numbers continuing to rise compared to last year, but at a decelerating pace[3] Price Movements - Overall prices in the upstream sector have risen, while downstream prices have slightly decreased, particularly in vegetables, with crude oil prices showing a minor decline and iron ore prices rebounding[3]