Economic Overview - Beijing's economy showed stable operation in the first eight months of the year, with a focus on balancing major event support and economic development [1] Industrial Production - The industrial added value for large-scale enterprises grew by 6.1% year-on-year, with significant growth in the computer, communication, and other electronic equipment manufacturing sector at 24.3% [2] - The automotive manufacturing sector increased by 11.1%, while the pharmaceutical manufacturing sector saw a decline of 9.2% [2] - Strategic emerging industries and high-tech manufacturing added value grew by 17.4% and 9.6%, respectively, with lithium-ion batteries and new energy vehicles seeing production increases of 2.1 times and 1.4 times [2] - The export delivery value of large-scale industries reached 138.85 billion yuan, marking a 5.2% increase [2] Fixed Asset Investment - Fixed asset investment (excluding rural households) rose by 10.0% year-on-year, with equipment purchase investment surging by 83.5% [3] - Infrastructure investment grew by 5.2%, while real estate development investment fell by 11.4% [3] - Investment in the first industry increased by 54.8%, and high-tech industry investment remained active with a growth of 58.2% [3] - The total area of housing under construction decreased by 7.2%, with residential construction area down by 8.0% [3] Consumer Market - Total market consumption increased by 0.3%, driven by a 4.4% rise in service consumption [4] - The total retail sales of consumer goods reached 866.11 billion yuan, a decline of 5.1% [4] - Retail sales of upgraded goods such as jewelry and cosmetics grew by 35.7% and 8.7%, respectively [4] - Automotive retail sales dropped by 19.4% due to insufficient market demand [4] Price Stability - The consumer price index fell by 0.4% year-on-year, with food prices down by 2.3% [5] - Industrial producer prices decreased by 1.8% year-on-year, with a notable decline in purchasing prices by 1.7% [5] - In August, the industrial producer prices continued to show a downward trend, with a year-on-year decrease of 1.9% [5]

2025 年 8 月份，全国工业生产者出厂价格同比下降 2.9% ，降幅比上月收窄 0.7 个百 分点，环比由下降 0.2% 转为持平。工业生产者购进价格同比下降 4.0% ，环比持平。 1 — 8 月平均，工业生产者出厂价格比上年同期下降 2.9% ，工业生产者购进价格下降 3.3% 。 二、工业生产者价格环比变动情况 8 月份，工业生产者出厂价格中，生产资料价格上涨 0.1% ，影响工业生产者出厂价格 总水平上涨约 0.08 个百分点。其中，采掘工业价格上涨 1.3% ，原材料工业价格上涨 0.2% ，加工工业价格持平。生活资料价格下降 0.1% ，影响工业生产者出厂价格总水平下降约 0.03 个百分点。其中，食品价格上涨 0.1% ，衣着价格持平，一般日用品价格下降 0.2% ， 耐用消费品价格下降 0.3% 。 工业生产者购进价格中，建筑材料及非金属类价格下降 1.4% ，化工原料类和农副产品 类价格均下降 0.4% ；燃料动力类价格上涨 0.7% ，黑色金属材料类价格上涨 0.6% ，有色 金属材料及电线类、纺织原料类价格均上涨 0.1% 。 2025年8月工业生产者价格主要数据 | | 环比涨跌幅 ...

从同比表现看，欧元区7月能源价格较上年同期下降1.2%，中间品价格下降0.3%；资本品、耐用消费品 和非耐用消费品价格则分别上涨1.8%、1.7%和1.9%。欧盟范围内，非耐用消费品同比上涨2.2%，是主 要支撑因素。 在成员国中，罗马尼亚、保加利亚和斯洛伐克工业生产者价格环比涨幅居前，分别上涨6.7%、5.7%和 2.8%；爱沙尼亚、拉脱维亚和卢森堡工业生产者价格环比下降，降幅分别为1.0%、0.7%和0.4%。 保加利亚、丹麦和罗马尼亚工业生产者价格同比涨幅较高，分别达到10.7%、4.5%和2.5%；爱沙尼亚、 卢森堡和葡萄牙则出现较大同比降幅，分别为6.1%、4.5%和3.6%。 （文章来源：新华财经） 欧盟统计局发布数据显示，2025年7月，欧元区工业生产者价格环比上涨0.4%，欧盟整体上涨0.6%。这 是继6月环比分别上涨0.8%和0.7%后，连续第二个月保持上升态势。 从同比情况看，7月欧元区工业生产者价格较2024年同期上涨0.2%，欧盟上涨0.4%。 分行业来看，欧元区7月能源价格环比上涨1.5%，资本品价格上涨0.1%，耐用消费品价格上涨0.2%，非 耐用消费品价格保持不变。若剔除能源，工 ...

Economic Overview - Liaoning Province's economy showed overall stability from January to July, with a year-on-year industrial added value growth of 3.9% [1] - High-tech manufacturing sector experienced a significant growth of 7.8% [1] Industrial Performance - Mining industry added value increased by 10.9%, while manufacturing and electricity, heat, gas, and water production and supply sectors grew by 3.0% and 1.1% respectively [1] - Among 40 major industrial categories, 23 reported year-on-year growth, resulting in a growth coverage of 57.5% [1] - Notable growth sectors included chemical fiber manufacturing (up 9.3 times), and various manufacturing sectors such as railway, shipbuilding, aerospace, and non-ferrous metal mining [1] Investment Trends - Fixed asset investment in manufacturing increased by 22.8%, with high-tech manufacturing investment rising by 37.0% [2] - First industry investment decreased by 7.1%, while second industry investment grew by 7.9% [2] - Construction project investment saw a 1.8% increase, with projects over 100 million yuan growing by 6.0% [2] Consumer Market - Retail sales of consumer goods reached 597.72 billion yuan, marking a 5.5% year-on-year increase [2] - Basic living goods sales remained stable, with significant growth in food (17.0%), daily necessities (12.9%), and tobacco and alcohol (6.6%) [2] - Upgraded consumer goods showed rapid growth, including smartphones (up 130%), wearable devices (up 98.2%), and energy-efficient home appliances (up 46.6%) [2] Trade Performance - Total import and export value reached 437.61 billion yuan, with a slight year-on-year increase of 0.4% [3] - Exports totaled 234.78 billion yuan, reflecting a growth of 13.6% [3] - Key export categories included agricultural products (18.85 billion yuan, up 9.1%), steel (22.73 billion yuan, up 11.1%), and machinery and electrical products (118.51 billion yuan, up 8.9%) [3]

Economic Overview - The overall economic operation of the province is stable from January to July, with a year-on-year industrial added value growth of 3.9% [1] - High-tech manufacturing industry shows a significant growth of 7.8% [1] Industrial Performance - Mining industry increased by 10.9%, while manufacturing and electricity, heat, gas, and water production and supply industries grew by 3.0% and 1.1% respectively [1] - Among 40 major industrial categories, 23 experienced year-on-year growth, representing a growth rate of 57.5% [1] - Notable growth in chemical fiber manufacturing (9.3 times), and double-digit growth in several sectors including pharmaceutical manufacturing and electrical machinery [1] Investment Trends - Manufacturing investment increased by 22.8%, with high-tech manufacturing investment rising by 37.0% [2] - First industry investment decreased by 7.1%, while second industry investment grew by 7.9% [2] - Construction project investment increased by 1.8%, with projects over 100 million yuan growing by 6.0% [2] Consumer Market - Retail sales of consumer goods reached 597.72 billion yuan, with a year-on-year growth of 5.5% [2] - Significant growth in essential goods, with food retail sales increasing by 17.0% and daily necessities by 12.9% [2] - Upgraded products like smartphones and wearable devices saw substantial sales growth, with smartphones increasing by 130% [2] Trade Performance - Total import and export value reached 437.61 billion yuan, with exports growing by 13.6% [3] - Agricultural product exports increased by 9.1%, while steel and electromechanical products also saw growth [3] Price Trends - A slight decline in consumer prices and a decrease in industrial producer prices were noted [4]

Core Viewpoint - In July 2025, the national industrial producer price index showed a month-on-month decline in both the producer's ex-factory prices and the purchasing prices, indicating a continued downward trend in industrial prices [1][3]. Group 1: Year-on-Year Changes in Industrial Producer Prices - In July, the ex-factory prices of industrial producers decreased by 3.6% year-on-year, while the purchasing prices fell by 4.5% [1][3]. - The average decline from January to July for ex-factory prices was 2.9%, and for purchasing prices, it was 3.2% [1][3]. - The prices of production materials dropped by 4.3%, significantly impacting the overall ex-factory price level [3][7]. Group 2: Month-on-Month Changes in Industrial Producer Prices - In July, the ex-factory prices of industrial producers decreased by 0.2% month-on-month, with production materials contributing to a decline of approximately 0.17 percentage points [6][7]. - The purchasing prices of industrial producers fell by 0.3% month-on-month, with notable declines in fuel and power prices by 0.6% and black metal materials by 0.7% [6][7]. Group 3: Breakdown of Price Changes by Category - In the ex-factory price category, the mining industry saw a significant decline of 14.0% year-on-year, while the processing industry experienced a decrease of 3.1% [3][7]. - For purchasing prices, fuel and power prices decreased by 10.8%, and black metal materials dropped by 8.0% [5][7]. - The prices of durable consumer goods fell by 3.5%, while general daily goods saw a slight increase of 0.6% [3][7].

Group 1: Year-on-Year Changes in Industrial Producer Prices - In July, the producer prices for industrial goods saw a decline in production material prices by 4.3%, contributing approximately 3.20 percentage points to the overall decrease in producer prices [3] - The mining industry experienced a significant price drop of 14.0%, while raw material prices fell by 5.4% and processing industry prices decreased by 3.1% [3] - Consumer goods prices decreased by 1.6%, impacting the overall producer price level by about 0.42 percentage points, with food prices down by 1.8% and durable goods prices down by 3.5% [3] Group 2: Month-on-Month Changes in Industrial Producer Prices - In July, the producer prices for industrial goods showed a month-on-month decline in production material prices by 0.2%, affecting the overall producer price level by approximately 0.17 percentage points [7] - The mining industry prices decreased by 0.2%, raw material prices fell by 0.1%, and processing industry prices dropped by 0.3% [7] - Consumer goods prices also saw a decline of 0.2%, with food prices remaining stable and durable goods prices decreasing by 0.6% [7] Group 3: Changes in Purchase Prices of Industrial Producers - In July, the purchase prices for industrial producers indicated a notable decline in fuel and power prices by 10.8%, black metal materials by 8.0%, and chemical raw materials by 6.5% [6] - Agricultural and sideline product prices decreased by 4.6%, while construction materials and non-metallic materials fell by 3.8% [6] - Conversely, prices for non-ferrous metal materials and wires increased by 2.8% [6]

Group 1: Service Trade Growth - In the first five months of 2025, China's service trade grew steadily, with a total import and export value of 32,543.6 billion yuan, an increase of 7.7% year-on-year [4] - Service exports reached 14,033.7 billion yuan, growing by 15.1%, while imports were 18,509.9 billion yuan, increasing by 2.7% [4] - The service trade deficit was 4,476.2 billion yuan, a decrease of 1,352.2 billion yuan compared to the same period last year [4] Group 2: Knowledge-Intensive Services - Knowledge-intensive service trade maintained growth, with imports and exports totaling 12,492.7 billion yuan, up by 5.0% [4] - Major contributors included other business services and telecommunications, computer, and information services, with respective trade values of 5,384.1 billion yuan and 4,400.6 billion yuan, growing at 3.2% and 10.7% [4] - Knowledge-intensive service exports were 7,196.5 billion yuan, increasing by 6.6%, while imports were 5,296.2 billion yuan, up by 2.9%, resulting in a surplus of 1,900.3 billion yuan, an increase of 293 billion yuan year-on-year [4] Group 3: Travel Services - Travel services experienced the fastest growth, with total imports and exports reaching 9,200.5 billion yuan, a growth of 12.2%, making it the largest sector in service trade [5] - Travel service exports surged by 74.2%, while imports grew by 5.3% [5]

Economic Overview - The province's economy showed overall stability in the first five months of the year, with significant growth in various sectors [2] - The industrial added value of large-scale enterprises increased by 3.4% year-on-year, with high-tech manufacturing growing by 9.7% [2] Industrial Performance - Among the three major sectors, mining, manufacturing, and utilities saw year-on-year increases of 13.2%, 1.6%, and 4.4% respectively [2] - State-owned enterprises' added value grew by 2.3%, while collective enterprises declined by 1.2%. Shareholding enterprises increased by 5.8%, and private enterprises grew by 4.6% [2] - Out of 40 industrial categories, 27 experienced year-on-year growth, resulting in a growth coverage of 67.5% [2] Investment Trends - Fixed asset investment increased by 0.1% year-on-year, with manufacturing investment rising significantly by 12.8% [2] - Infrastructure investment grew by 1.5%, while real estate development investment saw a decline of 25.4% [2] - Investment in the primary industry rose by 16.3%, the secondary industry by 1.7%, and the tertiary industry decreased by 2.1% [2] - Investment in construction projects increased by 6.5%, with projects over 100 million yuan growing by 11.0% [2] Market Sales - The total retail sales of consumer goods reached 4191.3 billion yuan, marking a year-on-year increase of 6.4% [3] - Sales of basic living goods saw rapid growth, with food and oil retail sales increasing by 20.3% [3] - Significant growth was noted in upgraded products, such as smartphones (up 130%), energy-efficient home appliances (up 54.7%), and wearable smart devices (up 46.1%) [3] Trade Performance - The total import and export value reached 3048.0 billion yuan, a year-on-year decrease of 1.8% [3] - Exports amounted to 1615.5 billion yuan, growing by 12.1%, while imports fell by 13.9% to 1432.5 billion yuan [3] - Notable export growth was seen in electromechanical products, which reached 803.6 billion yuan, up 6.0% [3] - High-tech product exports, particularly in computer integrated manufacturing technology, increased by 24.1% to 36.8 billion yuan [3] Price Trends - Consumer prices experienced a slight decline, while industrial producer prices also decreased in the first five months [3]

Core Viewpoint - In April 2025, the national industrial producer price index showed a year-on-year decrease of 2.7% for both the ex-factory prices and the purchasing prices, indicating a continued downward trend in industrial pricing [1][3]. Group 1: Year-on-Year Changes in Industrial Producer Prices - In April, the ex-factory prices of industrial producers saw a decline in production materials by 3.1%, contributing approximately 2.28 percentage points to the overall decrease in ex-factory prices. The mining industry experienced a significant drop of 9.4%, while raw materials and processing industries saw declines of 3.6% and 2.3%, respectively [3]. - Prices for living materials decreased by 1.6%, impacting the overall ex-factory price level by about 0.40 percentage points. Notably, food prices fell by 1.4%, while durable consumer goods prices dropped by 3.7% [3]. Group 2: Month-on-Month Changes in Industrial Producer Prices - In April, the ex-factory prices of industrial producers decreased by 0.5% month-on-month, with production materials contributing to a decline of approximately 0.37 percentage points. The mining industry saw a 2.1% decrease, while raw materials and processing industries experienced declines of 1.0% and 0.2%, respectively [7]. - Living materials prices fell by 0.2%, affecting the overall ex-factory price level by about 0.05 percentage points. Food prices decreased by 0.1%, while clothing prices increased by 0.3% [7]. Group 3: Changes in Purchasing Prices - The purchasing prices for industrial producers showed a significant decline in fuel and power categories by 7.7%, black metal materials by 6.7%, and chemical raw materials by 4.1%. Agricultural products also saw a decrease of 2.9% [6]. - Conversely, prices for non-ferrous metal materials and wires increased by 8.5%, indicating a mixed trend in purchasing prices across different categories [6].