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(经济观察)中国经济稳定增长护航民生基本盘
Zhong Guo Xin Wen Wang· 2025-10-20 13:31
中新社北京10月20日电 (记者 刘亮)今年前三季度中国国内生产总值(GDP)同比增长5.2%,比上年全年和 上年同期分别加快0.2、0.4个百分点。这份稳定增长的"成绩单",有力护航就业、收入等民生基本盘。 数据显示,1—9月,中国城镇调查失业率均值为5.2%,其中一、二、三季度均值分别为5.3%、5.0%、 5.2%,与上年同期相比分别为高0.1个百分点、持平、持平。就业形势总体稳定。 对外经济贸易大学国家对外开放研究院教授陈建伟指出,经济增长是就业市场的"压舱石"和"稳定 器"。"经济大盘稳了,企业才有信心投资、有能力扩张,才能提供更多就业岗位。这为中国应对内外部 挑战、确保就业形势总体稳定提供了最坚实的基础和最大底气。" 持续加大的政策支持力度,也为稳就业保驾护航。数据显示,三季度,交通运输、住宿餐饮、文体娱 乐、卫生和社会工作、公共管理等服务行业就业人数较二季度和上年同期均有增加,农民工、高校毕业 生等重点群体就业基本稳定。 陈建伟观察到,今年中国聚焦就业重点群体实施精准靶向帮扶措施,如提供专项补贴、拓宽就业渠道、 强化就业服务等,力求将政策红利滴灌到最需要的人群。同时,中国顺应产业转型升级,积极引 ...
宏观纵览 | “反内卷”的下一步:盈利改善如何向中下游传导
Sou Hu Cai Jing· 2025-09-29 08:32
Core Insights - The recovery of upstream industry prices has been observed, while downstream sectors still require more policy support [2][6] - The "anti-involution" campaign has shown positive results, with expectations for further policy actions to enhance industry health and sustainable development [2][8] Industrial Profit Growth - From January to August, industrial profits for large-scale enterprises turned from a 1.7% decline to a 0.9% increase, marking a significant recovery [3][5] - August saw a notable profit increase of 20.4% compared to July, reversing a previous decline [3][4] - The improvement in industrial profits is attributed to macro policy effectiveness, low base effects, and strong support from the equipment manufacturing sector [3][6] Price Improvement and Its Impact - Price recovery is a key factor in profit growth, with the Producer Price Index (PPI) decline narrowing to 2.9% in August, the smallest drop since March [4][5] - Specific industries such as coal processing and steel have seen reduced price declines, contributing to the overall PPI improvement [4][6] Downstream Industry Challenges - Despite profit improvements in upstream sectors, downstream industries still face weak demand and operational pressures, indicated by rising inventory levels and extended accounts receivable periods [5][7] - Analysts suggest that targeted policies to stimulate downstream demand, such as expanding consumption incentives, are necessary for broader profit recovery [7][8] Policy Measures and Future Outlook - Continuous policy support is essential for sustaining profit growth, particularly in the context of "anti-involution" measures aimed at reducing excessive competition [7][8] - The Ministry of Industry and Information Technology has outlined specific growth plans for various sectors, including steel and automotive, focusing on governance and competition regulation [9][10]
强化政策协同,筑牢“十五五”价格合理回升基石
Sou Hu Cai Jing· 2025-09-22 22:49
Group 1 - The core viewpoint of the articles highlights the persistent low inflation in China as a significant challenge for the economy, affecting both macroeconomic stability and microeconomic sentiment [1][8][9] - The Consumer Price Index (CPI) has shown a positive trend, with the core CPI rising by 0.9% year-on-year in August, marking the highest level since February 2024, indicating potential recovery in prices [1][4][3] - The industrial producer price index (PPI) has also shown signs of improvement, with a year-on-year decline of 2.9% in August, a narrowing of the decline by 0.7 percentage points from the previous month [6][8] Group 2 - Experts emphasize the need for a combination of short-term policies and long-term reforms to stabilize prices, suggesting a target CPI growth of 2% as a long-term goal for the 14th Five-Year Plan [11][12] - The "anti-involution" policy is seen as a crucial measure for structural adjustment in the economy, aimed at reducing excess capacity and optimizing supply structures [12][10] - The current economic environment is characterized by insufficient demand, which is expected to continue influencing price trends during the 14th Five-Year Plan period [9][8]
前七月经济总体平稳,工业拉动功不可没
Da Zhong Ri Bao· 2025-08-22 01:05
Group 1 - Shandong's economy shows overall stability with key economic indicators performing better than the national average, including a 6.0% increase in industrial technological transformation investment, which is 0.5 percentage points higher than the first half of the year [1] - The transformation efforts in Shandong have led to significant improvements in production efficiency, as exemplified by Shandong Lukang Ceramics Technology Co., which upgraded its facilities to increase annual production capacity to 4 million ceramic heat-resistant pots and enhance market share by 20% [1] - The province has been promoting technological transformation and enterprise transformation for seven consecutive years, focusing on maintaining stability while exploring new growth drivers amid increasing external pressures and internal challenges [1] Group 2 - Traditional industries such as chemicals, steel, and light textiles remain crucial pillars of Shandong's industrial sector, with 35 out of 41 industrial categories showing growth, resulting in an 85.4% growth rate across the sector [2] - Shandong is enhancing its industrial monitoring and support systems, utilizing leading indicators like prices and manufacturing PMI to address operational challenges promptly [2] - The province is also focusing on emerging industries such as laser equipment, new energy batteries, and artificial intelligence, integrating them into key industrial chains with increased policy support [2] Group 3 - The advancement of high-end manufacturing is accelerating, with Shandong focusing on innovation to meet market demands, resulting in a 10.5% increase in high-tech manufacturing value added, surpassing the overall industrial growth rate by 2.7 percentage points [3] - Efforts include enhancing the innovation ecosystem and promoting the sharing of core capabilities between leading enterprises and digital service providers [3] - The province is addressing bottlenecks in the transformation of key industries through initiatives like the "reveal and take charge" action and establishing pilot and application verification platforms [3] Group 4 - New demand and scenarios are being stimulated, with Shandong developing a comprehensive drone industry chain and exploring applications in logistics, emergency medical services, and urban management [4] - The smart connected vehicle industry is also expanding, integrating intelligent vehicles with smart infrastructure to create viable commercial models in various sectors [4] - In the first seven months, new energy vehicle manufacturing, aerospace equipment manufacturing, and computer manufacturing saw electricity consumption growth rates of 40.6%, 32.2%, and 32.1% respectively, indicating robust performance in these new growth areas [4]
反内卷要打“持久战”新能源汽车光伏仍是重点
Di Yi Cai Jing· 2025-07-29 23:15
国家信息中心经济预测部产业经济研究室主任魏琪嘉表示,综合整治"内卷式"竞争,规范地方政府和企 业行为,这一部署着重通过系统施策,针对在公平竞争过程中出现的违背市场规律、产业发展规律的不 当做法进行集中治理,以便更好发挥市场配置资源的作用,营造良好的产业发展生态环境,具有牵一发 而动全身的作用。 建立健全反内卷长效机制 整治"内卷式"竞争,7月开始更加注重健全"长效机制",且新能源汽车、光伏将是重点。 近段时间以来,政策层面正持续密集部署新能源汽车、光伏等行业的"反内卷",钢铁、水泥、电池、塑 料加工等多个行业协会也陆续发起号召反对"内卷式"无序竞争。 7月1日召开的中央财经委员会第六次会议明确强调,纵深推进全国统一大市场建设,要聚焦重点难点, 依法依规治理企业低价无序竞争,引导企业提升产品品质,推动落后产能有序退出。 两天后,工信部召开了光伏行业制造业企业座谈会,强调依法依规、综合治理光伏行业低价无序竞争, 引导企业提升产品品质,推动落后产能有序退出,实现健康、可持续发展。 综合整治"内卷式"无序竞争,已成为下一阶段工业稳增长的重点工作之一。 下半年面对更加复杂严峻的外部环境,全国工业和信息化主管部门负责同志 ...
王有捐:上半年CPI总体平稳 PPI低位运行
Sou Hu Cai Jing· 2025-07-15 23:17
Group 1: Consumer Price Trends - Consumer prices remained generally stable in the first half of the year, with CPI down 0.1% year-on-year, consistent with the first quarter [2] - In June, CPI turned from decline to an increase of 0.1%, influenced by international commodity price fluctuations and effective domestic demand policies [2] - Core CPI, excluding food and energy, rose 0.4% year-on-year in the first half, with a 0.1 percentage point increase compared to the first quarter [2][4] Group 2: Food Price Dynamics - Food prices decreased by 0.9% year-on-year in the first half, with the decline narrowing by 0.6 percentage points compared to the first quarter [2] - Prices for fresh fruits and aquatic products increased by 2.7% and 0.8%, respectively, contributing approximately 0.08 percentage points to CPI [2] - Pork prices averaged a 3.8% increase in the first half, while beef prices saw a 6.9% decline [2] Group 3: Energy Price Trends - Energy prices fell by 3.2% year-on-year in the first half, with the decline expanding by 2.1 percentage points compared to the first quarter [3] - Gasoline prices dropped by 7.1%, contributing approximately 0.25 percentage points to the CPI decline [3] Group 4: Producer Price Index (PPI) Trends - PPI decreased by 2.8% year-on-year in the first half, with a notable decline of 3.6% by June [5] - International commodity price fluctuations led to a mixed price trend in domestic oil and non-ferrous metal industries [5] - Oil and gas extraction prices averaged a 9.6% decline, while non-ferrous metal smelting prices increased by an average of 6.2% [5] Group 5: Export and Industry Price Pressures - Uncertainties in the global trade environment led to price declines in export-oriented industries, with textiles and metal products down 2.3% year-on-year [6] - Sufficient supply and weak demand contributed to price declines in coal and electricity production, with coal prices down 15.4% [7] Group 6: Policy Impact on Prices - Macro policies have stabilized prices in certain industries, with the price of new energy vehicle manufacturing down 1.6%, a reduction narrower than in the first quarter [7] - Consumer demand policies have led to price increases in discretionary consumption sectors, with prices for arts and crafts up 12.3% [7]