Macroeconomic policies have taken effect The national economy continued to rebound in November

Mondo Finance Updated on 2024-01-29

People's Daily Online, Beijing, December 15 (Reporter Yang Xi) The National Bureau of Statistics released a number of macroeconomic data today, which show that China's national economy continued to rebound in November, production and supply rose steadily, market demand continued to improve, employment prices were generally stable, people's livelihood security was strong and effective, and transformation and upgrading were solidly promoted.

Liu Aihua, spokesperson of the National Bureau of Statistics, chief economist and director of the Department of Comprehensive Statistics of the National Economy, said that in November, all regions and departments resolutely implemented the decision-making and deployment, adhered to the general tone of the work of seeking progress while maintaining stability, completely, accurately and comprehensively implemented the new development concept, accelerated the construction of a new development pattern, solidly promoted high-quality development, focused on expanding domestic demand, optimizing the structure, boosting confidence, preventing and resolving risks, and the macroeconomic regulation and control policies continued to be effective, and the economic recovery continued to consolidate.

The situation in agricultural production is relatively good, and grain output has reached a new high.

The total grain output of the whole country was 1,390.8 billion catties, an increase of 177 over the previous year600 million catties, an increase of 13%, stable at 1 for 9 consecutive yearsMore than 3 trillion catties. Among them, the output of autumn grain was 1,041.8 billion catties, an increase of 198 over the previous year400 million catties, an increase of 19%。The national grain output was 1,282.9 billion catties, an increase of 13%;The output of beans was 47.7 billion catties, an increase of 14%, of which soybean production increased by 28%。The sown area of grain has increased and the yield has increased. The national grain sowing area is 178.5 billion mu, an increase of 954 over the previous year60,000 acres, an increase of 05%;The grain yield is 3897 kg mu, an increase of 29 kg mu, an increase of 08%。The autumn and winter sowing was smoothly promoted, and the sowing area of winter wheat remained stable, and the growth was generally good.

The recovery of industrial production has accelerated, and the equipment manufacturing industry and high-tech manufacturing industry have rebounded.

In November, the added value of industrial enterprises above designated size increased by 6 percent year-on-year6%, 2 percent faster than the previous month0 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 the previous month6 percentage points;The added value of high-tech manufacturing increased by 62%, 44 percentage points. In terms of economic types, the added value of state-controlled enterprises increased by 7 percent year-on-year3%;Joint-stock enterprises grew by 72%, and foreign-funded enterprises and enterprises with investment from Hong Kong, Macao and Taiwan increased by 44%;The private sector grew by 52%。In terms of products, the output of solar cells, service robots, and integrated circuit products increased year-on-year respectively9%。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. From January to October, the total profits of industrial enterprises above designated size decreased by 7 year-on-year8%, the decline was 1 percent narrower than that from January to September2 percentage points. Among them, the growth in October was 27%, an increase for 3 consecutive months. In November, the manufacturing purchasing managers' index was 494%, and the expected index of business and business activities of enterprises was 558%。

The service industry grew rapidly, and the contact-based agglomeration service industry recovered relatively quickly.

In November, the national service industry production index increased by 9 percent year-on-year3%, 1 faster than the previous month6 percentage points;In terms of different industries, the production indices of accommodation and catering, transportation, warehousing and postal services, information transmission, software and information technology services, and wholesale and retail trade increased year-on-year respectively9%, respectively faster than the previous month4 and 19 percentage points. From January to November, the national service industry production index increased by 8 percent year-on-year0%, 01 percentage point. From January to October, the operating income of service enterprises above designated size increased by 7 percent year-on-year7%, 06 percentage points;In November, the index of business activity in the services sector was 493 per cent, and the business activity expectation index was 593%, of which, the business activity index of water transportation, telecommunications, radio and television and satellite transmission services, monetary and financial services and other industries is at 550% or more in the higher boom range.

The market sales growth trend is good, and the service consumption continues to grow rapidly.

In November, the total retail sales of consumer goods reached 4,250.5 billion yuan, a year-on-year increase of 101%, 2 percent faster than the previous month5 percentage points;Month-on-month, it decreased by 006%。According to the location of business units, the retail sales of urban consumer goods were 3,653 billion yuan, a year-on-year increase of 100%;The retail sales of rural consumer goods were 597.5 billion yuan, an increase of 104%。In terms of consumption type, the retail sales of goods were 3,692.5 billion yuan, an increase of 80%;catering revenue was 558 billion yuan, an increase of 258%。Among the retail sales of units above designated size, the retail sales of clothing, shoes and hats, knitted textiles, communication equipment, sports and recreational goods, automobiles, and gold, silver and jewelry increased respectively7%。From January to November, the total retail sales of consumer goods 427945 billion yuan, a year-on-year increase of 72%, 0. faster than January-October3 percentage points. The national online retail sales 139571 billion yuan, a year-on-year increase of 110%。Among them, the online retail sales of physical goods 117709 billion yuan, an increase of 83%, accounting for 27 percent of the total retail sales of consumer goods5%。From January to November, retail sales of services increased by 19 percent year-on-year5%, 05 percentage points;

Investment in fixed assets grew steadily, and investment in high-tech industries grew rapidly.

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 from January to October. In terms of sub-sectors, infrastructure investment increased by 5% year-on-year8 percent, and manufacturing investment grew by 6 percent3%, real estate development investment fell 94%。The sales area of commercial housing in China was 100509 million square meters, a year-on-year decrease of 80%;The sales of commercial buildings 105318 billion yuan, down 52%。By industry, investment in the primary industry decreased by 02%, and investment in the secondary industry increased by 90%, and investment in the tertiary industry increased by 03%。Private investment fell by 05%, deducting real estate development investment, private investment increased by 9 year-on-year1%。Investment in high-tech industries increased by 10 percent 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%。In November, investment in fixed assets (excluding rural households) increased by 026%。

The import and export of goods increased year-on-year, and the structure continued to be optimized.

In November, the total import and export volume 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%。Imports and exports were offset, with a surplus of 490.8 billion yuan. From January to November, the total import and export volume 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;The import and export of private enterprises increased by 61%, accounting for 53 percent of total imports and exports3%, an increase of 3 over the same period last year1 percentage point. Exports of mechanical and electrical products increased by 28%, accounting for 58 percent of total exports6%。

The employment situation was generally stable, and the surveyed unemployment rate in urban areas remained unchanged from the previous month.

In November, the surveyed unemployment rate in urban areas across the country was 50%, unchanged from the previous month. The unemployment rate of the local household registration labour force survey was 51%;The unemployment rate of the migrant labor force survey was 47%, of which the surveyed unemployment rate of the migrant agricultural household registration labor force is 44%。The surveyed unemployment rate in 31 large cities and towns was 50%。The average weekly working hours of employees in enterprises nationwide is 489 hours.

Market prices have declined, and the core CPI is generally stable.

In November, the national household consumption** (CPI) fell by 05%, down 05%。In terms of categories, food, tobacco and alcohol** decreased by 2 year-on-year2%, Clothing ***13%, residential ***03%, daily necessities and services** decreased by 05%, and traffic communications** decreased by 24%, educational, cultural and entertainment ***18%, healthcare***13%, Other Supplies & Services***30%。In food, tobacco and alcohol**, pork** decreased by 318%, grain ***05%, fresh vegetables ***06%, fresh fruit ***27%。Core CPI, excluding food and energy**, was 06%, the same increase as the previous month. From January to November, the national household consumption was 0 year-on-year3%。

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%。From January to November, the national industrial producers' ex-factory and purchases decreased by 3 year-on-year respectively1% and 36%。

On the whole, in November, with the effectiveness of various macro policies, the national economy continued to rebound. Liu Aihua also pointed out that it is also necessary to see that there are still many uncertain factors of external instability, domestic demand is still insufficient, and the foundation for economic recovery still needs to be consolidated. In the next stage, it is necessary to fully implement the spirit of the first economic work conference, implement the major decisions and deployments of the first economic work with high quality, adhere to the principle of seeking progress while maintaining stability, promoting stability with progress, establishing first and then breaking down, completely, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, focus on promoting high-quality development, increase macroeconomic regulation and control, effectively enhance economic vitality, prevent and resolve risks, improve social expectations, consolidate and enhance the positive trend of economic recovery, and continue to promote the economy to achieve effective qualitative improvement and reasonable quantitative growth.

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