本报讯(记者李晞)记者11月20日从省统计局获悉，今年以来全省坚守稳中求进工作总基调，持续加力稳 就业、稳企业、稳市场、稳预期，推动各项宏观政策落地见效，前10月经济运行总体平稳、稳中有进， 工业、消费、服务业等关键领域呈现诸多亮点。 工业经济延续稳健增长态势。1—10月，全省规模以上工业增加值同比增长6.8%，工业生产韧性持续显 现。10月当月，规上工业增加值同比增长5.8%，其中高端制造领域表现亮眼：装备制造业、高技术制 造业、数字核心产品制造业分别增长8.0%、11.7%、9.4%，增速高于整体水平；计算机通信和其他电子 设备制造业、铁路船舶航空航天和其他运输设备制造业分别实现12.3%、18.1%的增长，彰显江苏工业 转型升级的坚实成效。 消费市场持续回暖，内需潜力稳步释放。1—10月，全省社会消费品零售总额达38816.8亿元，同比增长 4.0%。10月当月，限额以上家用电器和音像器材类商品零售额同比增长7.4%，计算机及其配套产品类 更是增长48%，升级类、数码类消费需求旺盛。从累计数据看，1—10月全省限额以上批发业、零售业 销售额分别增长5.1%、7.6%，限额以上住宿业、餐饮业营业额分别增长 ...

Overall Overview - The number and quality of small and medium-sized enterprises (SMEs) in China have significantly improved, with 63.487 million registered SMEs as of September 2025, contributing over 60% of GDP, 70% of technological innovation, and 80% of urban employment [13][14][16] - The average annual growth rates for the value added, operating income, and total profit of large-scale SMEs during the 14th Five-Year Plan period are 6.4%, 7.4%, and 5.4%, respectively, all exceeding those of large enterprises [13][14] Structural Distribution Regional Distribution - SMEs in eastern China account for 54.2% of the total, with Guangdong, Jiangsu, Shandong, Zhejiang, and Henan provinces collectively representing 40.9% [24][26] Industry Distribution - The wholesale and retail industry has the highest concentration of SMEs, accounting for over 30%, followed by leasing and business services, and scientific research and technical services, each exceeding 10% [27] Development Status Sustained Growth - In the first eight months of 2025, the value added of large-scale industrial SMEs increased by 7.6% year-on-year, with a continuous expansion of export indices for 17 months [2][36] Innovation Capacity - Over 178,000 SMEs hold patents, with a 55.1% industrialization rate for invention patents in 2024, and 35,000 new enterprises in artificial intelligence-related fields [2][17] Market Competitiveness - SMEs accounted for 99.3% of project-winning enterprises in 2024, with over 5,780 financing events totaling approximately 750.8 billion yuan, marking a 7.3% and 13.1% increase from 2023 [19][20] Employment Contribution - 71.8% of surveyed university students consider employment in SMEs, highlighting their role as a significant employment channel [20] Future Outlook - Continuous optimization of the business environment, enhanced cultivation systems, and deep integration of digital technologies will provide more opportunities for SMEs, contributing to economic and social development [2][36]

Economic Overview - Jinan's economy has shown overall stability in 2023, with a focus on steady progress and the implementation of various policies to support economic growth [1] Industrial Production - From January to October, the added value of industrial enterprises above designated size increased by 7.9% year-on-year, with significant growth in key sectors such as computer, communication, and other electronic equipment manufacturing (52.6%), automotive manufacturing (25.1%), and general equipment manufacturing (6.2%) [2] - High-tech manufacturing and equipment manufacturing saw added value growth of 18.7% and 20.0%, respectively, surpassing the overall industrial growth by 10.8 and 12.1 percentage points [2] Service Sector - The revenue of the service industry above designated size reached 362.57 billion yuan in the first three quarters, marking a 5.6% year-on-year increase [3] - The productive service sector, particularly leasing and business services, contributed significantly with a revenue of 59.64 billion yuan, growing by 15.1% and boosting overall service sector growth by 2.3 percentage points [3] Consumer Market - Retail sales of consumer goods reached 166.67 billion yuan from January to October, reflecting a 1.5% year-on-year increase [4] - The "trade-in" policy has positively impacted sales, with communication equipment retail sales increasing by 38.3%, cultural and office supplies by 30.3%, and new energy vehicles by 8.0% [4] - Online retail sales also showed vitality, with a growth of 20.8%, totaling 44.58 billion yuan [4] Investment Trends - Investment in various service sectors has surged, with leasing and business services up by 37.1%, wholesale and retail by 83.1%, and accommodation and catering by 142.4% [4] Fiscal and Financial Performance - Public budget revenue reached 98.41 billion yuan, a 1.5% increase year-on-year, with tax revenue growing by 3.2% [5] - Financial institutions reported a deposit balance of 3.14634 trillion yuan, up 6.0%, and a loan balance of 3.44679 trillion yuan, up 9.7% [5] - The total import and export volume reached 233.2 billion yuan, with exports growing by 26.2% and imports by 34.3% [5] Consumer Price Index - The Consumer Price Index (CPI) increased by 0.1% year-on-year, with a 0.2% rise in October [6] - Prices for five categories of goods and services increased, while three categories saw declines, indicating a mixed inflationary environment [6]

Economic Overview - In October 2025, China's economic performance showed that supply outpaced demand, with industrial output and service production indices growing by 4.9% and 4.6% year-on-year, respectively, but slowing down by 1.6 and 1.0 percentage points compared to the previous month[2] - The retail sales of consumer goods increased by 2.9% year-on-year, while fixed asset investment saw a cumulative decline of 1.7%, reflecting a slowdown of 0.1 and 1.2 percentage points from the previous month[2] Economic Transition and Growth Sectors - The ongoing economic transition is supported by high-tech manufacturing and productive services, with high-tech manufacturing output increasing by 7.2% year-on-year, outpacing overall industrial growth[2] - Key sectors such as automotive manufacturing, transportation equipment, and electricity production saw industrial value-added growth rates of 11.8%, 14.9%, and 2.2%, respectively[2] Consumer and Service Sector Growth - Basic and some upgraded consumer goods experienced rapid growth, with retail sales of food and oil products rising by 9.1% and 23.2% year-on-year, respectively[2] - Service consumption emerged as a significant growth point, with tourism and transportation services maintaining over 10% growth in retail sales from January to October[2] Investment Trends - From January to October, fixed asset investments in information services, transportation equipment, and automotive manufacturing grew by 32.7%, 20.1%, and 17.5%, respectively, while real estate investment declined by 14.7%[7] - The overall investment environment remains cautious due to complex external conditions and fierce domestic competition, with a notable decline in real estate development investments impacting total investment figures[7] Employment Stability - The urban unemployment rate in October was 5.1%, a slight decrease of 0.1 percentage points from the previous month, indicating overall employment stability[7]

11月14日，国新办举行新闻发布会，介绍2025年10月份国民经济运行情况。 如何评价10月份经济运行情况，有哪些亮点和积极变化？ 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回答《每日经济新闻》记者上述提 问时表示，城镇调查失业率继续下降，10月份全国城镇调查失业率为5.1%，比上月下降0.1个百分点， 连续两个月下降。其中外来农业户籍劳动力城镇调查失业率为4.5%，比上月下降0.2个百分点，明显低 于全部城镇调查失业率水平。 "在外部不利影响加深、经济运行面临不少挑战的情况下，我国就业形势保持总体稳定，重点群体就业 继续改善，对于保民生促发展发挥了重要作用。"付凌晖表示。 社消零总额同比增2.9% 与此同时，物价出现积极变化。居民消费价格指数(CPI)由降转涨，10月份居民消费价格指数同比上涨 0.2%，上个月下降0.3%。其中扣除食品和能源的核心CPI同比上涨1.2%，涨幅比上月扩大0.2个百分 点，连续六个月涨幅扩大。工业生产者出厂价格指数(PPI)降幅连续收窄，10月份PPI同比下降2.1%，降 幅比上月收窄0.2个百分点，连续三个月收窄。规范市场竞争秩序效果显现，10月份锂离子电池 ...

Group 1: Economic Performance Overview - The economic data for October highlights three temperature levels: strong, moderate, and weak[2] - The production service industry and equipment manufacturing showed strong performance, with the production index for the information industry growing by 13% and equipment manufacturing by 8%[4] - Essential consumption grew by 4.2% in October, surpassing the previous value of 3.4%, while cumulative growth for the first ten months was 4.4%, better than last year's 4.0%[19] Group 2: Investment and Construction Trends - Manufacturing investment saw a decline, with a year-on-year decrease of 6.7% in October, down from -1.9% previously, and a cumulative growth of 2.7% for the first ten months[22] - Infrastructure and real estate investments continued to decline, with real estate investment down by 23% in October compared to the previous month[44] - The overall growth rate for subsidy-related durable goods consumption dropped to -2.6% in October, down from 3.9%[7] Group 3: Policy Implications and Future Outlook - The government is expected to support technology innovation sectors where sentiment is better than economic performance, while consumption sectors may see further growth opportunities[2] - If economic growth deviates from annual targets, policies may flexibly increase support for subsidy-related consumption and construction chains[2]

Economic Overview - In October, some economic indicators showed a downward trend due to last year's high base, deep adjustments in the real estate sector, and weak domestic demand [2][6] - Despite the downturn, there were positive signs such as a rebound in service retail sales driven by the National Day and Mid-Autumn Festival holidays, indicating significant consumption potential [2][6] Industrial Performance - The industrial added value for October grew by 4.9% year-on-year, a decline of 1.6 percentage points from the previous month, marking the lowest monthly growth this year [6][12] - The manufacturing sector is transitioning towards high-end production, with equipment manufacturing increasing by 8%, outpacing overall industrial growth [6][10] Investment Trends - From January to October, fixed asset investment (excluding rural households) decreased by 1.7%, with infrastructure investment down by 0.1% and real estate development investment down by 14.7% [7][14] - High-tech sectors such as aerospace and information services saw significant investment growth, with aerospace manufacturing up by 19.7% and information services up by 32.7% [7][12] Trade Dynamics - In October, the total import and export volume grew by 0.1% year-on-year, with exports declining by 0.8% and imports increasing by 1.4% [8][9] - The trade growth slowdown was attributed to last year's high base, with some exports delayed from September due to typhoons [9][10] Policy Measures - The government is implementing policies to enhance the adaptability of supply and demand in consumer goods, aiming to stimulate consumption and investment [3][13] - Recent policies include the introduction of 500 billion yuan in new policy financial tools and the acceleration of local government bond usage to support effective investment [13][14] Economic Outlook - Despite the challenges, the overall economic operation remains stable, with a GDP growth of 5.2% in the first three quarters, laying a solid foundation for achieving the annual target of around 5% [12][15] - Analysts suggest that additional policy measures may be necessary to counteract weak demand and support economic recovery, particularly in the real estate sector [14][15]

Core Insights - The overall economic operation remains stable, with steady growth in production and demand, stable employment and prices, and ongoing transformation and upgrading of the economy [1][2][7] Economic Performance - In October, industrial production maintained stability, with the industrial added value of large enterprises increasing by 4.9% year-on-year [2] - The service sector's production index grew by 4.6% year-on-year, although the growth rate slightly declined due to a high base from the previous year [2] - Retail sales of consumer goods increased by 2.9% year-on-year in October, supported by holiday economic activities [2] Employment and Prices - The urban unemployment rate was 5.1% in October, marking a decrease for two consecutive months, with specific groups showing improved employment rates [2] - The consumer price index (CPI) turned from decline to growth in October, with the core CPI rising by 1.2% year-on-year, indicating a positive price trend [3] Structural Adjustments and New Growth Drivers - The economy is undergoing structural adjustments, with new growth drivers such as the digital economy and platform economy expanding rapidly [4][6] - The proportion of advanced manufacturing and modern services is increasing, with the added value of equipment manufacturing growing by 9.5% year-on-year [5] Future Outlook - The economic foundation remains strong, with favorable conditions for achieving annual targets, including a GDP growth of 5.2% year-on-year in the first three quarters [7][8] - The government is implementing proactive macro policies to stimulate demand and production, including a new policy financial tool worth 500 billion yuan [8]

Core Viewpoint - China's economic transformation and upgrading continue to show positive trends, with stable growth in production and demand, and overall stability in employment and prices [1][2][3] Economic Performance - In October, industrial production maintained stability with a year-on-year increase of 4.9% in the added value of large-scale industries [2] - The service sector's production index grew by 4.6% year-on-year, although the growth rate slightly decreased due to a high base from the previous year [2] - Retail sales of consumer goods increased by 2.9% year-on-year in October, with significant growth in the sales of products related to consumption upgrades [2][4] Employment and Prices - The urban unemployment rate was 5.1% in October, marking a decline for two consecutive months, with specific improvements in employment for migrant agricultural workers [2][3] - The consumer price index (CPI) turned positive in October, with the core CPI rising by 1.2% year-on-year, indicating a continuous expansion in inflation [3] New Economic Drivers - The digital economy and emerging industries are expanding, with significant growth in online retail, which accounted for 25.2% of total retail sales in the first ten months [4][6] - Investment in high-tech sectors is increasing, particularly in renewable energy, new materials, and artificial intelligence, contributing to overall economic stability [4][6] Industrial Upgrading - The advanced manufacturing and modern service sectors are gaining a larger share of the economy, with the added value of equipment manufacturing increasing by 9.5% year-on-year [5] - The integration of modern services with advanced manufacturing is showing positive trends, with significant contributions to the third sector's growth [5] Future Outlook - Despite challenges, the long-term positive trends in China's economy remain intact, supported by macroeconomic policies and expanding market potential [7][8] - The government is implementing proactive macro policies to stimulate demand and production, with new financial tools introduced to enhance local government financing and investment [8]

Economic Overview - In October, the national economy continued to show a stable and progressive development trend, with notable characteristics including growth in production supply and market sales [2][5]. Employment Situation - The urban surveyed unemployment rate decreased to 5.1% in October, down by 0.1 percentage points from the previous month, marking two consecutive months of decline [1]. Production and Supply - Agricultural production remained strong, with an increase in autumn grain area and yield, indicating a promising harvest [2]. - The industrial production maintained stability, with the industrial added value of large-scale enterprises growing by 4.9% year-on-year in October [2]. - The service sector also showed steady growth, with a production index increase of 4.6% year-on-year [2]. Market Sales - Social retail sales of consumer goods increased by 2.9% year-on-year in October, driven by holiday consumption and the promotion of consumption [5]. - Specific categories such as communication equipment and cultural office supplies saw significant retail growth of 23.2% and 13.5%, respectively [5]. Price Trends - The consumer price index (CPI) turned positive in October, rising by 0.2% year-on-year, while the core CPI increased by 1.2%, marking a continuous expansion in growth for six months [7]. - The producer price index (PPI) saw a narrowing decline of 2.1% year-on-year, indicating a positive trend in industrial pricing [7]. Investment Trends - Investment in high-tech manufacturing showed robust growth, with a year-on-year increase of 7.2% in October [10]. - Investment in sectors such as aerospace and information services grew significantly, with increases of 19.7% and 32.7%, respectively [11]. Emerging Industries - The digital economy and green transformation are gaining momentum, with significant growth in sectors like smart manufacturing and artificial intelligence [12]. - New energy vehicles and lithium-ion batteries saw production increases of 19.3% and 30.4%, respectively, highlighting the growth potential in these areas [10].