Economic Overview - In November, industrial, service, consumption, and investment data showed a downward trend due to high base effects from the previous year, but exports saw a year-on-year increase, indicating positive price signals [1][10] - The economy grew by 5.2% in the first three quarters, and macro policies are expected to strengthen, achieving a growth target of around 5% for the year [1][15] Industrial and Service Sector Performance - In November, the industrial added value increased by 4.8% year-on-year, while the cumulative growth from January to November was 6.0%, a slight decrease of 0.1 percentage points from the previous period [2][12] - The service production index rose by 4.2% year-on-year in November, with a cumulative growth of 5.6% from January to November, also down by 0.1 percentage points [2][12] - Emerging industries and modern services are growing rapidly, with significant increases in sectors like electronic materials and integrated circuits, which grew by 22.9% and 24.6% respectively [2][12] Consumption Trends - Retail sales of consumer goods increased by 1.3% year-on-year in November, with a cumulative growth of 4.0% from January to November, surpassing last year's annual growth rate [2][12] - The service retail sector saw a year-on-year growth of 5.4% from January to November, indicating strong potential for service consumption [3][13] - The "Double Eleven" shopping festival had a preemptive effect on consumption, leading to a temporary slowdown in November's growth [3][13] Investment Insights - Fixed asset investment (excluding rural households) decreased by 2.6% year-on-year from January to November, while investment excluding real estate development grew by 0.8% [3][13] - Infrastructure investment fell by 1.1%, while manufacturing investment increased by 1.9%, and real estate development investment dropped by 15.9% [3][13] - High growth was observed in manufacturing sectors such as railways, ships, aerospace, and new energy vehicles, indicating a strengthening of new productive forces [3][13] Export Performance - In November, total goods imports and exports increased by 4.1% year-on-year, with exports growing by 5.7% and imports by 1.7% [4][14] - From January to November, total goods imports and exports rose by 3.6%, with exports increasing by 6.2% and imports by 0.2% [4][14] Policy Outlook - The Central Economic Work Conference signaled a proactive approach to boost consumption and stabilize investment, with plans for a special action to enhance consumption in 2026 [11][17] - The National Development and Reform Work Conference emphasized the need for policy coordination to promote investment recovery and ensure a good start for the 14th Five-Year Plan [11][17] - There is a focus on expanding domestic demand and increasing effective investment, with expectations for interest rate cuts and fiscal policy to significantly support consumption and infrastructure investment in early next year [9][18]

北京商报讯（记者 和岳）12月15日，国务院新闻办公室举行新闻发布会介绍11月国民经济运行情况。 国家统计局新闻发言人、总经济师、国民经济综合统计司司长付凌晖在会上表示，11月份，规模以上电 子专用材料制造、集成电路制造增加值分别增长30.9%、32.4%。智能产品生产较快增长。11月份，智 能车载设备制造、智能无人飞行器制造增加值分别增长30%、49.3%，工业机器人产量增长20.6%。绿色 转型推动下，新能源产业发展态势较好。11月份，新能源汽车、汽车用锂离子动力电池产量分别增长 17%、32.7%。绿色材料生产快速增长。11月份，高性能化学纤维、生物基化学纤维产量分别增长 41.3%、27.7%。 ...

二是发展新动能持续壮大。科技创新和产业创新深入融合，新质生产力培育壮大，新业态新模式快速发 展，为经济发展注入新的活力和动力。从供给看，高端化、数字化、智能化生产发展向好。1-11月份， 规模以上高技术制造业增加值同比增长9.2%，数字产品制造业增加值增长9.3%；工业机器人、集成电 路产量分别增长29.2%和10.6%。从需求看，消费模式创新加快，文化体育等服务性消费快速成长。1-11 月份，服务零售额中，文体休闲类、通讯信息服务类零售额同比增长均超过10%。即时零售和直播电商 等带动下，1-11月份，实物商品网上零售额同比增长5.7%。从价格看，我国数字化绿色化转型深入推 进，新能源产业、数字产品制造快速发展，带动相关产品价格上涨。11月份，有色金属冶炼和压延加工 业价格同比上涨7.8%，集成电路制造价格上涨1.7%，新动能的成长壮大，将有利于经济向好发展。 三是宏观政策继续显效。今年以来，我国经济保持稳中有进发展态势，离不开更加积极有为的宏观政策 精准发力。"两重"建设和"两新"政策的实施，以及全国统一大市场建设纵深推进，扩大了需求、促进了 生产、推动了经济。近期，有关部门积极推动落实进一步促进消费、扩 ...

0:00 央视网消息（新闻联播）：习近平总书记指出，现代化产业体系是现代化国家的物质技术基础，必须把发展经济的着力点放在实体经济上，为实现第二个百 年奋斗目标提供坚强物质支撑。 "十四五"期间，我国以科技创新为引领、以实体经济为根基，加快建设现代化产业体系，为中国式现代化注入澎湃动力。 广袤大地，中国产业新动能处处涌动着蓬勃生机。 长三角的工业互联网平台上，每分钟2万组数据在数字孪生系统实时流动调度，平均8秒就有一台冰箱下线奔向全国各地；同一时刻，珠三角的灯塔工厂里， 定制一辆汽车有10万种个性化选装方案、100多个颜色实时切换；东部沿海的保税园区，跨境数据高速奔涌，仅一秒钟就能完成一单核验通关，让中国制造 沿着数字导航快速通达全球。 习近平总书记始终高度重视以实体经济为支撑的现代化产业体系建设，多次深入工厂车间、走进生产一线，围绕现代化产业体系建设作出一系列重要指示。 他强调，要打造自主可控、安全可靠、竞争力强的现代化产业体系；加快构建具有智能化、绿色化、融合化特征和符合完整性、先进性、安全性要求的现代 化产业体系。 "十四五"时期，我国现代化产业体系建设不断向纵深推进。制造业规模连续多年稳居世界首位，万余 ...

Core Insights - The latest data from the National Taxation Administration indicates that in October, China's new productivity continued to grow, with high-end manufacturing, innovative industries, and the integration of digital and physical sectors all showing robust growth, injecting new vitality into economic development [1] Group 1: High-end Manufacturing - In October, the sales revenue of the equipment manufacturing industry increased by 7.3% year-on-year, consistently outperforming the average level of the manufacturing sector this year [1] - Specific sectors such as computer and communication equipment manufacturing, shipbuilding and related equipment manufacturing, and battery manufacturing saw sales revenue growth of 10.1%, 24.4%, and 27.2% respectively, demonstrating strong development momentum [1] Group 2: Innovative Industries - The sales revenue of high-tech industries grew by 13.6% year-on-year in October [1] - High-tech service industries experienced a sales revenue increase of 16.1%, while high-tech manufacturing saw a 10.1% rise [1] - Notable growth was observed in integrated circuits, industrial robots, and drone manufacturing, with sales revenue increasing by 32.5%, 41.7%, and 38.4% respectively [1] Group 3: Digital and Physical Integration - The sales revenue of core digital economy industries rose by 8.5% year-on-year in October [1] - Digital product services and digital technology application industries reported sales revenue growth of 10.2% and 13.1% respectively [1] - The digital content and media industry showed significant growth, with sales revenue increasing by 15.2% year-on-year [1]

Group 1 - The core viewpoint of the articles highlights the robust growth in high-end manufacturing, innovative industries, and the integration of digital and physical economies in China, driven by new productive forces [1][2] Group 2 - In high-end manufacturing, sales revenue in the equipment manufacturing sector increased by 7.3% year-on-year in October, surpassing the average growth rate of the manufacturing industry, with significant contributions from computer communication equipment (10.1%), shipbuilding (24.4%), and battery manufacturing (27.2%) [1] - In innovative industries, high-tech industry sales revenue grew by 13.6% year-on-year in October, with high-tech services and manufacturing increasing by 16.1% and 10.1% respectively, particularly driven by the "Artificial Intelligence+" initiative, leading to substantial growth in integrated circuits (32.5%), industrial robots (41.7%), and drone manufacturing (38.4%) [1] Group 3 - In the digital-physical integration sector, sales revenue from core digital economy industries rose by 8.5% year-on-year in October, with enterprise spending on digital technologies increasing by 9.6%, indicating ongoing advancements in digital industrialization and industrial digitalization [2] - The digital product service industry and digital technology application industry saw sales revenue growth of 10.2% and 13.1% respectively, while the digital content and media industry experienced a notable increase of 15.2% [2] Group 4 - The tax data for October reflects the success of China's industrial structure upgrade and economic transformation, particularly emphasizing the impact of the "Artificial Intelligence+" initiative on the growth of frontier industries and the deep integration of digital technology with the real economy, providing strong and sustainable momentum for high-quality economic development [2]

今日摘要 习近平总书记指出，现代化产业体系是现代化国家的物质技术基础，必须把发展经济的着力点放在实体 经济上，为实现第二个百年奋斗目标提供坚强物质支撑。"十四五"期间，我国加快建设现代化产业体 系，为中国式现代化注入澎湃动力。 李强出席二十国集团领导人第二十次峰会第二及第三阶段会议。 系列报道《学习贯彻四中全会精神在基层》今天来看：青海、内蒙古等地认真学习贯彻全会精神，不断 筑牢生态安全屏障，增强绿色发展动能。 10月份，我国新质生产力持续壮大，工业机器人销售收入同比增长超40%。 今年以来，绿色贸易正成为我国外贸发展新动能新优势。 国际人士表示，高市早苗错误言论破坏地区及世界和平稳定。日本人士指出，高市早苗错误言论违背日 本和平宪法。 俄罗斯称，在顿涅茨克等地控制三个居民点。乌克兰称，击落俄军无人机。 内容速览 【新思想引领新征程·非凡"十四五"】我国加快建设现代化产业体系 李强会见南非副总统 当地时间11月23日，国务院总理李强在约翰内斯堡会见南非副总统马沙蒂莱。 李强结束出访回到北京 11月24日下午，国务院总理李强在结束出席二十国集团领导人第二十次峰会后，乘包机回到北京。 【学习贯彻四中全会精神在基层 ...

Group 1 - The core viewpoint of the articles highlights the robust growth of high-tech industries in China, particularly in high-tech manufacturing and services, driven by advancements in artificial intelligence and related technologies [1][2] - In October, high-tech industry sales revenue increased by 13.6% year-on-year, with significant contributions from sectors such as integrated circuits, industrial robots, and drone manufacturing, which saw sales growth of 32.5%, 41.7%, and 38.4% respectively [1] - High-end manufacturing, particularly in equipment manufacturing, also showed strong performance with a 7.3% year-on-year increase in sales revenue, indicating a trend of sustained growth above the average level of the manufacturing sector [1] Group 2 - The central role of high-end equipment manufacturing in the industrial chain is emphasized, as it determines the overall competitiveness of the manufacturing sector [2] - Recent policies from government departments and local authorities are focused on promoting high-end equipment manufacturing, including the issuance of guidelines for the construction of high-standard digital parks and support for "AI + manufacturing" applications [2][4] - Specific regional initiatives, such as Anhui Province's action plan for the intelligent robotics industry, aim to foster technological breakthroughs and establish a comprehensive development framework by 2027, targeting a total industry revenue of 100 billion yuan [4][5]

Core Insights - The latest VAT invoice data from the State Taxation Administration indicates that new productivity in China is continuously growing, particularly in high-end manufacturing, innovative industries, and the integration of digital and physical economies, injecting new vitality into economic development [1][2]. High-end Manufacturing - In October, the sales revenue of the equipment manufacturing industry increased by 7.3% year-on-year, consistently surpassing the average level of the manufacturing sector this year, accounting for nearly half of the manufacturing industry's total [1]. - Specific sectors such as computer and communication equipment manufacturing, shipbuilding and related equipment manufacturing, and battery manufacturing saw sales revenue growth of 10.1%, 24.4%, and 27.2% year-on-year, respectively, demonstrating strong development momentum [1]. Innovative Industries - The sales revenue of high-tech industries grew by 13.6% year-on-year in October, maintaining a double-digit growth rate [2]. - High-tech service industries and high-tech manufacturing industries reported sales revenue growth of 16.1% and 10.1% year-on-year, respectively. The "Artificial Intelligence +" initiative has accelerated the growth of cutting-edge industries, with sales revenue for integrated circuits, industrial robots, and drone manufacturing increasing by 32.5%, 41.7%, and 38.4% year-on-year [2]. Digital and Physical Integration - In October, the sales revenue of core digital economy industries rose by 8.5% year-on-year, with national enterprise procurement of digital technologies increasing by 9.6%, reflecting the ongoing advancement of digital industrialization and industrial digitalization [2]. - The sales revenue of digital product services and digital technology applications grew by 10.2% and 13.1% year-on-year, respectively, with significant contributions from digital consumption, as evidenced by a 15.2% year-on-year increase in sales revenue for digital content and media industries [2].

Group 1: Core Insights - The latest VAT invoice data from the State Taxation Administration indicates that China's new productivity continues to grow, with high-tech industry sales revenue increasing by 13.6% year-on-year, maintaining rapid growth [1] - High-tech service and manufacturing sectors both achieved double-digit growth in sales revenue, particularly driven by the acceleration of the "Artificial Intelligence+" initiative, with sales revenue for integrated circuits, industrial robots, and drone manufacturing increasing by 32.5%, 41.7%, and 38.4% respectively [1] Group 2: High-end Manufacturing - The equipment manufacturing sector's sales revenue grew by 7.3% year-on-year, consistently outperforming the average manufacturing sector growth, now accounting for nearly half of the manufacturing industry's total [2] - Specific sectors such as computer communication equipment manufacturing, shipbuilding and related device manufacturing, and battery manufacturing saw sales revenue growth of 10.1%, 24.4%, and 27.2% respectively, indicating strong development momentum [2] Group 3: Digital Economy - In October, the sales revenue of core digital economy industries increased by 8.5% year-on-year, with national enterprise spending on digital technologies rising by 9.6%, reflecting ongoing advancements in digital industrialization and industrial digitalization [3] - The digital product service industry and digital technology application industry reported sales revenue growth of 10.2% and 13.1% respectively, highlighting the significant role of digital consumption in injecting new vitality into economic development [3]