7月工业生产保持较快增长装备制造业继续发挥"压舱石"作用 新质生产力成工业关键支撑 国家统计局发布的2025年7月国民经济运行数据显示，7月份工业生产保持较快增长，装备制造业继续发 挥工业"压舱石"作用，带动规上工业增加值同比增长5.7%。数据背后，新质生产力蓬勃发展，成为推动 工业迈向高质量发展的关键力量。 科技创新催生新动能。近年来，我国持续加大研发投入，推进高水平科技自立自强，创新成果不断涌 现。特别是今年以来，从人工智能大模型到机器人马拉松，一系列科技成果令世界瞩目。7月高技术制 造业增加值同比增长9.3%，继续快于规模以上工业增速。数据表明，随着新质生产力积极发展，我国 在关键技术领域不断取得突破，新技术正加速转化为实际生产力，不仅对经济支撑作用持续增强，同时 推动工业生产向高端化迈进，助力我国在全球高科技产业竞争中占据有利地位。 绿色发展成效显著。顺应全球绿色低碳发展趋势，我国工业在绿色转型方面成果斐然。7月新能源汽车 产量增长17.1%，锂离子电池产量增长29.4%，碳纤维、生物基化学纤维等绿色材料产量分别增长43.8% 和19.8%，废弃资源综合利用业增加值同比增长11.7%。绿色低碳产品产量 ...

7月以来，各行各业掀起一轮整治"内卷式"竞争浪潮。在国家政策与有关部门牵头指引下，部分工业品 价格初步改善，但对总体价格水平的拉动有限。行业间"反内卷"措施执行进度的分化与产能出清程度的 差异，阻滞了产业链价格传导。 8月以来，部分工业品期货价格震荡回落，市场情绪逐渐降温。整治"内卷式"竞争仍有待刚性产能约束 压缩供给，以及更多提振终端需求的政策落地见效。 期货带动现货 部分工业品价格上涨 受整治"内卷式"竞争预期升温影响，7月以来焦煤、多晶硅、碳酸锂等工业品期货主力合约涨幅显著； 南华综合指数自7月以来连续四周环比上涨。从现货价格看，截至8月22日，螺纹钢、热卷等钢铁行业相 关产品现价，以及碳酸锂、多晶硅等新能源行业相关产品现价均明显高于7月初。 光伏行业是本轮整治"内卷式"竞争的重点行业。据中国有色金属工业协会硅业分会（以下简称"硅业分 会"）介绍，多晶硅现货价格从年初至6月底累计跌幅15.3%；工业硅综合现货价格从年初至6月底累计 跌幅25.3%。而7月在国家"反内卷"政策引导下，多晶硅和工业硅现货价格分别较年初上涨36.9%和 7.26%。 对7月以来产品价格回暖成因，硅业分会分析，工业硅和多晶硅期货 ...

Economic Overview - In July, major economic indicators maintained overall stability, with new growth drivers emerging, supporting steady economic development despite existing risks and challenges [1] - The macroeconomic policies are showing effectiveness, leading to expanded market demand and enhanced market vitality [1] New Quality Productivity - The added value of high-tech manufacturing above designated size increased by 9.3% year-on-year in July, outpacing the overall industrial growth by 3.6 percentage points [2] - The digital economy is rapidly developing, with the added value of digital product manufacturing increasing by 8.4% year-on-year in July [2] - Production of green low-carbon products is also on the rise, with new energy vehicles, lithium-ion batteries, and wind turbine generators seeing production increases of 17.1%, 29.4%, and 19.3% respectively [2] Foreign Trade - In July, the total value of goods imports and exports grew by 6.7% year-on-year, with exports increasing by 8% and imports by 4.8% [3] - The diversification of trade is evident, with exports to ASEAN, the EU, and Belt and Road countries growing by 14.8%, 8.2%, and 11.7% respectively from January to July [3] - The export of integrated circuits surged by 21.8%, reflecting enhanced international competitiveness due to improved R&D capabilities [3] Consumption - Retail sales of consumer goods increased by 3.7% year-on-year in July, with service retail sales growing by 5.2% from January to July [4] - The "old-for-new" policy has positively impacted sales, with significant growth in retail sales of home appliances, furniture, and communication equipment [4] - Tourism and leisure-related consumption saw rapid growth during the summer, with double-digit increases in retail sales for travel services and recreational activities [5] Investment - Fixed asset investment grew by 1.6% year-on-year from January to July, with actual growth (adjusted for price factors) estimated between 4% and 5% [6] - Manufacturing investment rose by 6.2%, significantly outpacing overall investment growth [6] - Investment in high-tech industries, particularly in aerospace and information services, saw substantial increases of 33.9% and 32.8% respectively [6] Price Trends - In July, the Consumer Price Index (CPI) showed positive changes, with a month-on-month increase of 0.4% [7] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, indicating a strengthening market demand [7] - The Producer Price Index (PPI) saw a month-on-month decline of 0.2%, but the rate of decline has narrowed, marking the first reduction in the decline since March [7]

Economic Overview - The national economy is maintaining a steady and progressive development trend, with July's economic indicators showing some fluctuations due to multiple factors, but new growth drivers are emerging under innovation, and high-quality development is being solidly advanced [1] - In July, the industrial added value above designated size grew by 5.7% year-on-year, and the total retail sales of consumer goods increased by 3.7%, both down by 1.1 percentage points from June [1] - From January to July, fixed asset investment increased by 1.6% year-on-year, a decrease of 1.2 percentage points compared to the first half of the year [1] Demand Resilience - Despite fluctuations in July's economic data, domestic demand has shown significant resilience, particularly in the service sector and stable employment market, which are crucial for supporting domestic consumption [1][2] - Preliminary estimates suggest that combining retail goods and services, the year-on-year growth from January to July is around 5%, indicating a steady upward trend in consumption [1] High-Tech Industry Growth - The high-tech industry is experiencing rapid growth, with the added value of integrated circuit manufacturing and electronic special materials manufacturing increasing by 26.9% and 21.7% year-on-year in July, respectively [2] - The added value of the digital product manufacturing industry grew by 8.4% year-on-year, driven by the increasing application of digital technology across various sectors [2] Green Economy Development - The production of new energy products such as electric vehicles and lithium-ion batteries increased by 17.1% and 29.4% year-on-year in July, respectively, indicating a growing focus on green transformation [2] - The added value of the waste resource comprehensive utilization industry grew by 11.7% year-on-year, reflecting the positive impact of green circular economy initiatives [2] Future Economic Outlook - Despite facing risks and challenges, the long-term positive trend of the economy remains unchanged, supported by a solid economic foundation, advantages, resilience, and potential [3] - The macroeconomic policies are showing effectiveness, and the expansion of market demand, along with the development of new productive forces, will support stable economic operation and gradual improvement in development quality [3]

Economic Overview - The national economy showed a steady and progressive development in July, with continuous growth in production and demand, stable employment and prices, and significant progress in high-quality development [3][4] - Industrial production and service sectors experienced rapid growth, with industrial added value increasing by 5.7% year-on-year and service production index rising by 5.8% [3][4] Demand and Investment - Market sales continued to grow, with social retail sales increasing by 3.7% year-on-year in July; fixed asset investment also expanded, with a 1.6% year-on-year growth from January to July [3][4] - Despite challenges such as extreme weather and project delays, the investment scale continued to expand [3] Trade Performance - The total value of goods imports and exports increased by 6.7% year-on-year in July, with exports growing by 8%, indicating strong resilience and vitality in trade [3][4] Employment and Prices - The urban unemployment rate remained stable at 5.2%, and the Consumer Price Index (CPI) was flat year-on-year, with core CPI rising by 0.8% [4] New Growth Drivers - New economic drivers are steadily growing, with high-tech manufacturing value added increasing by 9.5% year-on-year from January to July; significant growth was noted in integrated circuit manufacturing and electronic materials [5][6] - The digital product manufacturing sector also saw an 8.4% year-on-year increase, with smart drone and vehicle equipment manufacturing growing by 80.8% and 21% respectively [6] Consumer Trends - New consumption patterns are emerging, with online and instant retail gaining popularity; the silver economy and first-time economy are rapidly developing [7] Economic Outlook - The economic outlook for the second half of the year appears stable, supported by effective macro policies and expanding market demand; consumption of home appliances and communication equipment saw significant growth [8] - The International Monetary Fund has raised its growth forecast for China's economy by 0.8 percentage points, reflecting confidence in the long-term stability and potential of the economy [9]

Economic Overview - The national economy is maintaining a steady and progressive development trend, with July's economic indicators showing some fluctuations due to multiple factors, but new growth drivers are emerging under innovation, and high-quality development is being solidly advanced [1] - In July, the industrial added value above designated size grew by 5.7% year-on-year, and the total retail sales of consumer goods increased by 3.7% year-on-year, both down by 1.1 percentage points from June [1] - From January to July, fixed asset investment increased by 1.6% year-on-year, a decrease of 1.2 percentage points compared to the first half of the year [1] Sector Performance - High-tech industries with higher technical content and added value are experiencing rapid growth, with the added value of integrated circuit manufacturing and electronic special materials manufacturing increasing by 26.9% and 21.7% year-on-year in July, respectively [2] - The added value of the digital product manufacturing industry grew by 8.4% year-on-year in July, driven by the increasing application of digital technology across various sectors [2] - Production of smart unmanned aerial vehicles and smart vehicle-mounted equipment surged by 80.8% and 21% year-on-year, respectively, while industrial robots and civilian drones saw production increases of 24% and 18.9% [2] Green Economy - The production of new energy products such as new energy vehicles and lithium-ion batteries increased by 17.1% and 29.4% year-on-year in July, respectively [2] - The production of green materials like carbon fiber and bio-based chemical fibers rose by 43.8% and 19.8% year-on-year [2] - The comprehensive utilization of waste resources saw an added value growth of 11.7% year-on-year in July, indicating a positive trend in green circular industry development [2] Future Economic Outlook - Despite facing risks and challenges, the foundation of the economy remains stable, with strong advantages and potential, supporting a long-term positive trend [3] - The macroeconomic policies are effective, and market demand is expanding, which will support stable economic operation and gradual improvement in development quality [3] - The annual economic growth target of around 5% is expected to be achievable, with further consolidation of high-quality development momentum [3]

Core Insights - China's new quality productivity is steadily growing, contributing to high-quality development and injecting new momentum into the economy [1][5] Group 1: Technological Advancements - In 2024, China's R&D expenditure is expected to exceed 3.6 trillion yuan, with an intensity of 2.68%, surpassing the EU and approaching OECD averages [1] - High-tech industries are experiencing rapid growth, with the value added in the integrated circuit manufacturing and electronic materials sectors increasing by 26.9% and 21.7% year-on-year in July [2] - The digital economy is expanding quickly, with the value added in the digital product manufacturing sector growing by 8.4% year-on-year in July [3] Group 2: Green Development - In July, the production of new energy vehicles and lithium-ion batteries increased by 17.1% and 29.4% year-on-year, respectively [4] - The production of green materials such as carbon fiber and bio-based chemical fibers grew by 43.8% and 19.8% year-on-year [4] - The comprehensive utilization of waste resources saw a year-on-year increase of 11.7% in July [5] Group 3: Investment Trends - Investment in aerospace and equipment manufacturing increased by 33.9% year-on-year from January to July, while investment in computer and office equipment manufacturing grew by 16% [6] - The service sector, particularly in information services and R&D, is also experiencing significant growth, with double-digit revenue increases reported [8] Group 4: Economic Resilience - From January to July, the total retail sales of consumer goods grew by 4.8% year-on-year, indicating stable consumer demand [8] - Despite challenges, China's foreign trade remains resilient, with a 7.3% increase in goods exports during the same period [8][12] - The contribution rate of final consumption expenditure to economic growth reached 52% in the first half of the year, an increase of 7.5 percentage points compared to the previous year [11] Group 5: Policy Impact - The implementation of proactive macroeconomic policies has effectively stimulated production demand and supported stable economic growth [13][14] - The construction of a unified national market and the promotion of integrated domestic and international trade are expected to enhance economic vitality [12]

深圳特区报记者 何 泳 熊子恒 各地传真 10 2025年8月7日 星期四 在广东海到在,就在了华为.比 们不仅在到内市场调度突出,还需 體系方米斯开航加斯市场 计,截至2004年度,同时市南部委员 位置计制制定制形标准300元 主要涉及先长, 三人机 : 高知胜网 石墨体育手卡产企销城。 企业资料加斯材料集团设分有 服公划已选择十几年保持行业绩免 地台,感染为空部时代等处实点用 麻将主要供应真，该相手与航空 2008年的"进新路", 宜祥国际线 19黄龙大设;"一对里外会开的组盟 理具发完假: 邮件,推动我们对失重与国际标准 財産。 石原城作为一场文辅助文材料 IE木,各国都在哈占国际利用新加 权。2015年,世界石面博大会在西 服务官所,用时,全球已有多个石窟 MOGSANA OLD. 日韩国教合国家语文科学中心 和中国社最科学研究院共同网址 (国际电工委员会)申请时报一周初 总编管理局国际标准。大会上人 即代表团使石墨排航站技术提开计 -使東日IXC的专家被变成有 器联中国会议制定国际标准的 力,但这封都作到是用值地发给了 在体育会人员。 "看到邮件,我们那些不服气 NTE外国专家了解中国制定国际 标准 ...

Core Viewpoint - The article highlights the contrasting paths of China and the United States in the renewable energy sector, with China leading significantly in renewable energy capacity and technology while the U.S. continues to invest heavily in fossil fuels [1][3][7]. Renewable Energy Capacity - In 2024, China's total power generation is projected to reach 10,073 TWh, compared to the U.S. at 4,387 TWh, showcasing China's dominance in renewable energy projects [1][3]. - China's renewable energy accounts for 34% of its total power generation, while the U.S. stands at 24% [1][3]. - Specific renewable energy capacities show China leading in solar (834 TWh vs. 303 TWh), wind (992 TWh vs. 453 TWh), hydro (1354 TWh vs. 236 TWh), and biomass (208 TWh vs. 47 TWh) [2]. Electric Vehicle Market - China exported electric vehicles worth $38 billion in the previous year, three times more than Tesla's annual exports of approximately $12 billion [4]. - The market share of electric vehicles in China has surpassed 50% and is expected to exceed 60% by the end of the year [6]. - The U.S. electric vehicle market is hindered by low charging infrastructure and unstable subsidy policies, while China is rapidly expanding its charging network [4][6]. Battery Technology - China dominates the lithium-ion battery market, with exports reaching $65 billion, which is 22 times that of the U.S. [4][6]. - The article emphasizes that the country with battery manufacturing capabilities will gain significant economic and geopolitical advantages, with China currently being the only winner in this domain [6]. Policy and Strategic Direction - The U.S. is focusing on reviving fossil fuel industries, while China is committed to renewable energy development, as evidenced by significant investments in solar, wind, and hydro projects [3][7]. - Historical patterns show that U.S. energy policies have fluctuated with political changes, while China maintains a consistent long-term strategy for renewable energy [8][10]. Global Influence - China is expanding its influence in the global renewable energy market by investing in projects across various countries, including Hungary, Saudi Arabia, and Indonesia [10]. - The article notes that most countries are not following the U.S. fossil fuel path, instead opting for renewable energy investments, which aligns with China's growing global influence [10].

Group 1: Economic Growth and Innovation - The added value of high-tech manufacturing in China increased by 9.5% year-on-year in the first half of the year, contributing 23.3% to the overall industrial growth [1] - R&D expenditure as a percentage of GDP in China has approached 2.7%, surpassing the EU average and nearing the OECD average [2] - The number of effective invention patent applications in China reached nearly 5 million in the first five months, growing by 12.8% [2] Group 2: Technological Advancements - Significant technological achievements include the launch of DeepSeek model, amphibious firefighting aircraft AG600 receiving certification, and advancements in quantum computing and nuclear fusion [2][3] - The number of national-level manufacturing innovation centers has reached 33, supporting the industrialization of technological achievements [2] Group 3: Industry Transformation - The structure of the economy is steadily adjusting, with high-tech manufacturing and high-tech service investments growing by 9.5% and 8.6% respectively [4] - The production of industrial robots increased by 32% year-on-year, and the added value of smart vehicle equipment manufacturing grew by 26.8% [4] Group 4: Green Development - The production of new energy vehicles, lithium-ion batteries for vehicles, and solar batteries increased by 36.2%, 53.3%, and 18.2% respectively in the first half of the year [4] Group 5: Financial Support for Innovation - The total amount of loans for technological innovation and technological transformation reached 1.7 trillion yuan, 1.9 times that of the end of last year [7] - A new "technology board" in the bond market has been established to promote the construction of a technology finance system [6][7]