China's economy continues to recover with remarkable resilience
2022-12-16
On December 15, the National Bureau of Statistics announced the operation of the national economy in November. Fu Linghui, spokesman of the National Bureau of Statistics, said that in November, the international environment became more complex and severe, the contraction of foreign demand further emerged, the domestic epidemic rebounded in a large area, and the "triple pressure" of demand contraction, supply shock and expected weakening increased, which significantly restricted the economic operation. In the face of new situations and challenges, the national economy has generally maintained a recovery momentum, market prices have risen steadily, new drivers of growth continue to grow, people's livelihood is well protected, and the overall social situation remains stable. Industrial production was generally stable in November, and industrial production was generally stable. Affected by the rebound of epidemic situation and insufficient market demand, the added value of industries above designated size nationwide increased by 2.2% year on year, 2.8 percentage points lower than that in October. From the cumulative data, the added value of industries above designated size from January to November increased by 3.8% year on year, a slight drop of 0.2 percentage points compared with January to October. "In November, due to the increased impact of the epidemic in the short term, industrial production fell back, but from a cumulative perspective, it remained generally stable. At the same time, the trend of industrial structure upgrading remained unchanged, new drivers continued to grow, and the supply of products for people's livelihood was guaranteed." Tang Weiwei, deputy director of the Industry Department of the National Bureau of Statistics, said. ——The rapid growth of new energy and new kinetic energy products highlights the resilience of the industrial economy. In November, the output of new energy vehicles increased by 60.5% year on year; The production of new materials such as ultra white glass, polycrystalline silicon and monocrystalline silicon for the solar energy industry accelerated at a high level; The output of high-tech products such as mobile communication base station equipment, civil aircraft and civil unmanned aerial vehicles increased rapidly. ——The production of necessities has kept growing, and the effect of energy supply has continued to show. In November, the daily necessities involving residents' clothing, food and other aspects kept growing, providing strong support for the orderly operation of the economy and society; The added value of the mining industry increased by 5.9% year on year, of which the coal mining and washing industry and the oil and gas mining industry increased by 5.5% and 7.2% respectively, playing an important role in ensuring the production and domestic energy consumption of residents. "The pattern of steady industrial growth has not changed." Tang Weiwei said that the industrial economy is expected to continue to recover as the optimization measures for epidemic prevention and control are implemented and the measures to stabilize the economy are effective. Release of online consumer demand In November, the total retail sales of consumer goods reached 3861.5 billion yuan, down 5.9% year on year. According to the analysis of Fu Jiaqi, a statistician of the Department of Foreign Trade Economics of the National Bureau of Statistics, the consumer market was under obvious pressure in November, and the decline in market sales was expanded. However, online consumption grew rapidly, the retail growth of basic living goods was good, some upgraded consumption was better than the whole, and the retail formats such as supermarkets and convenience stores grew steadily. The release of online consumer demand has played a significant role in driving the growth of the economy. From January to November, the online retail sales of physical goods in China increased by 6.4% year on year, significantly faster than offline sales, accounting for 27.1% of the total retail sales of consumer goods, 0.9 percentage points higher than that from January to October, and the proportion has increased continuously since September. Among them, online retail sales of food and consumer goods closely related to residents' lives increased by 15.1% and 6.1% respectively year on year. According to the estimation of the State Post Office, China's express delivery development index in November increased by 1.2% year on year;
Edit:wangwenting Responsible editor:xiaomai
Source:people.cn
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