Reporter of China Industry NewsMeng Fanjun
In November, China's economic rebound continued to consolidate, with indicators such as industry, services, consumption, and exports continuing to improve, high-quality development being solidly promoted, and the main expected goals of the annual development are expected to be well completed. On December 15, the press office held a press conference to introduce the national economic situation in November 2023. Liu Aihua, spokesman of the National Bureau of Statistics, chief economist and director of the Department of Comprehensive Statistics of the National Economy, said that in November, with the effectiveness of various macro policies, China's national economy continued to rebound. However, it should also be noted that there are still many uncertainties in external instability, domestic demand is still insufficient, and the foundation for economic recovery still needs to be consolidated. On the whole, the favorable conditions facing China's development are stronger than the unfavorable factors, and the trend of economic rebound will continue to be consolidated and strengthened.
From January to November, the national investment in fixed assets (excluding rural households) was 460814 billion yuan, a year-on-year increase of 29%, the same as January-October. Industrial investment grew by 90%, and investment in high-tech industries increased by 10% year-on-year5%, of which investment in high-tech manufacturing and high-tech services increased respectively6%。In the high-tech manufacturing industry, the investment in aviation, spacecraft and equipment manufacturing, and medical equipment and instrumentation manufacturing increased respectively8%。In the high-tech service industry, the investment in professional and technical services and the transformation of scientific and technological achievements in the service industry increased respectively6%。
From January to November, the added value of industrial enterprises above designated size increased by 4 percent year-on-year3%, 0. faster than January-October2 percentage points, the national industrial producers' ex-factory and purchases decreased by 3 year-on-year respectively1% and 36%。In November, the national industrial producers** fell by 3 year-on-year0%, down 03%；The national industrial producers' purchases fell by 4 percent year-on-year0%, down 03%。
Liu Aihua analyzed that in November, the recovery of China's industrial production accelerated, the development of high-tech industries improved, and new energy and new material products grew rapidly. In November, the added value of high-tech manufacturing above designated size increased by 6 percent year-on-year2%, 4 percent faster than in October4 percentage points. Among them, the added value of semiconductor device special equipment manufacturing, intelligent vehicle equipment manufacturing and other industries increased by 36 respectively1% and 922%。In November, the output of new energy vehicles and solar cells increased by 35 year-on-year6% and 445%；The output of green materials such as ultra-clear glass and monocrystalline silicon for the solar industry increased by more than 30% respectively.
In November, the added value of industrial enterprises above designated size increased by 6 percent year-on-year6%, 2 percent faster than in October0 percentage points;Month-on-month growth of 087%。In terms of three major categories, the added value of the mining industry increased by 3% year-on-year9 percent, and the manufacturing sector grew by 6 percent7%, electricity, heat, gas and water production and ** industry increased by 99%。The added value of the equipment manufacturing industry increased by 9 percent year-on-year8%, 3 percent faster than in October6 percentage points;The added value of high-tech manufacturing increased by 62%, 44 percentage points. In terms of products, the output of solar cells, service robots, and integrated circuit products increased year-on-year respectively9%。
From the perspective of industry, the support of the equipment manufacturing industry has been strengthened, and the growth rate of most industries has rebounded. In November, the added value of China's industrial enterprises above designated size increased by 6 percent year-on-year6%, 2 percentage points faster than in October, from the growth side, more than sixty percent of the industry, nearly half of the product growth rate has rebounded from October. In November, China's energy production maintained steady growth, and the output of raw coal and natural gas above designated size increased year-on-year respectively3%, and electricity generation increased by 84%, both of which were faster than in October.
In terms of investment, investment in the manufacturing industry has risen steadily, investment in high-tech industries has grown rapidly, and the scale of investment in fixed assets has continued to expand. From January to November, China's fixed asset investment increased by 2 percent year-on-year9%, the same as from January to October. Among them, manufacturing investment increased by 6 from January to November3%, 0. faster than January-October1 percentage point. "From January to November, investment in high-tech industries increased by 10 percent year-on-year5%, maintaining rapid growth. Liu Aihua said.
In November, China's equipment manufacturing industry grew by 98%, driving industrial growth by more than 1 percentage point. Liu Aihua said that in November, China's manufacturing purchasing managers' index (PMI) was 494%, a slight decrease of 01 percentage point, which is related to the fact that some manufacturing industries are currently entering the traditional off-season, and at the same time, it is related to the lack of market demand. Judging from the PMI trend in recent months, China's economy continues to be in a critical period of recovery, transformation and upgrading. From a structural point of view, high-tech manufacturing and equipment manufacturing enterprises are expected to maintain upward trend, while corporate profits continue to improve, and industrial enterprises above designated size have achieved year-on-year profit growth for three consecutive months.
Liu Aihua stressed that the characteristics of China's manufacturing recovery and transformation and upgrading are more significant, but at the same time, it should also be seen that because the overall economy is still in the recovery period, the manufacturing purchasing managers' index in November fell slightly, especially the new orders index is 494%, down 01 percentage point, indicating that the lack of market demand is still the primary difficulty faced by the current manufacturing industry.
Since 2023, the world economic recovery has been sluggish, and the global growth has continued to be sluggish. Liu Aihua said that on the whole, the characteristics of China's stable export scale and stable share have not changed, and the important position in the global industrial chain has not changed, and it is still an important force to drive world economic growth and promote the development of globalization.
In November, China's export volume ended a six-month decline, the overall foreign trade situation is improving, the main characteristics of the import and export of goods are as follows: the export of goods from decline to increase, the structure continues to be optimized, the import and export of private enterprises to maintain growth, the effective expansion of economic and trade cooperation space, and the growth of new export momentum.
From January to November, China's total import and export of goods was 379587 billion yuan, flat year-on-year. Among them, exports were 216038 billion yuan, an increase of 03%；imports 163549 billion yuan, down 05%。From January to November, the general import and export increased by 1 year-on-year6%, accounting for 64 percent of total imports and exports8%, an increase of 1 over the same period last year0 percentage points;Among them, the export of mechanical and electrical products increased by 28%, accounting for 58 percent of total exports6%。In November, China's total import and export of goods was 3,700.4 billion yuan, a year-on-year increase of 12%, 03 percentage points. Among them, exports were 2,095.6 billion yuan, an increase of 17%；imports were 1,604.8 billion yuan, an increase of 06%。
Liu Aihua said that although foreign trade as a whole is still relatively weak in the face of foreign demand, China's foreign trade relies on the strong industrial chain production advantages and super-large-scale market advantages, and with the support of policies such as unswervingly expanding high-level opening up, foreign trade operation is still expected to continue to maintain overall improvement.
Review: Yu Zaozao.
Editor-in-charge: Huo Yue.
Editor: Hu Na.