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Industrial production rose steadily, and the economy continued to recover steadily


In November, the national industrial added value above designated size increased by 7.0% year-on-year, and the growth rate was 0.1 percentage point faster than that in October; from January to November, the national industrial added value above designated size increased by 2.3% year-on-year, 0.5 percentage point faster than that in the first ten months. The production situation continued to recover, which effectively promoted the gradual return of economic operations to normal.

The sustained and stable economic recovery is supported. Whether it was November or January-November, the national industrial added value above designated size not only increased year-on-year, but also accelerated. In addition, in November, among the 612 major industrial products, 439 products achieved year-on-year growth, with a growth area of 71.7%, which continued to increase by 1.9 percentage points from the previous month. From January to November, 331 products achieved year-on-year growth, and the cumulative growth area was 54.1%, an increase of 2.6 percentage points from January to October. It is worth mentioning that from January to October, the total profits of industrial enterprises above designated size across the country increased by 0.7% year-on-year, and the growth rate turned from negative to positive for the first time in the year. Among them, the total profits realized by industrial enterprises above designated size in October increased by 28.2% year-on-year. It can be seen that the steady and rapid growth of industrial production has a broader foundation, and as time goes by, this foundation has become more and more consolidated.
Industry is the lifeblood of the national economy, is in a dominant position in the national economy, and plays an important and irreplaceable role. Despite the severe impact of the sudden new crown pneumonia epidemic, my country's economy has emerged from a V-shaped sustained and stable recovery. A large part of the reason lies in the fact that industrial production has shown steady growth and overall improvement, which has played a fundamental supporting role.
The development of the real economy is strong. The manufacturing industry is the foundation of a powerful country and the mainstay of the real economy. To promote high-quality economic development, it is necessary to turn the main direction of the real economy and adhere to the manufacturing industry. In November, the added value of the equipment manufacturing industry increased by 11.4% year-on-year, an acceleration of 0.6 percentage points from the previous month. It maintained double-digit growth for five consecutive months, and continued to strengthen its support for the stability and improvement of industrial production. Among them, as the largest industry in the industry, the electronics industry grew by 9.3%, an increase of 4.3 percentage points from the previous month, stimulating the growth of all industries above designated size by 0.4 percentage points.
In particular, the growth rate of high-tech manufacturing has accelerated significantly. In November, the value added of the high-tech manufacturing industry increased by 10.8% year-on-year, a sharp increase of 4.5 percentage points from the previous month, and the growth rate rose to a new high this year. Despite the huge impact of the epidemic, the high-tech manufacturing industry has bucked the trend and achieved rapid growth, which fully reflects the unswerving adherence to high-quality economic development and the promotion of the optimization and upgrading of the economic system, making the real economy bigger, stronger and better. .
There is a foundation for a steady recovery in consumption. Consumption is the main force driving my country's economic growth in recent years, and its trend directly affects the effectiveness of economic operations. Objectively speaking, the epidemic has a greater impact on consumption. From January to November, the total retail sales of consumer goods fell by 4.8% year-on-year, although the rate of decline narrowed by 1.1 percentage points from January to October. However, from the perspective of development trends, consumer demand is picking up steadily, while industrial production is growing steadily and rapidly, laying a solid foundation for such a rebound.
In November, the added value of the consumer goods manufacturing industry increased by 3.0% year-on-year, an acceleration of 0.6 percentage points from the previous month. In the same direction, in November, the total retail sales of consumer goods increased by 5.0% year-on-year, an acceleration of 0.7 percentage points from October. Coupled with the fact that the entire industrial production is growing steadily and rapidly, this means that industrial production as a supply side, to a certain extent, precedes consumption as a demand side and continues to steadily recover and develop, and it can provide a reliable source for stable consumption recovery. The foundation of this will help provide favorable conditions for supply and create demand.
The global industrial chain supply chain is stable and guaranteed. my country is a major manufacturing country in the world. It has a complete, independent, complete, large-scale, and coordinated industrial system. It is an important part of the global industrial chain supply chain. The epidemic has caused instability in the global industrial chain supply chain. However, as my country's industrial production continues to recover and economic operations are gradually improving, strong manufacturing capabilities and unique industrial chain supply chain advantages can effectively maintain the stability of the global industrial chain supply chain.
Driven by the steady and rapid growth of industrial production, in November, the export delivery value of industrial products increased by 9.1% year-on-year, an acceleration of 4.8 percentage points from the previous month, and the growth rate was the highest since 2019. The export situation of major industries has further improved. Among them, the exports of the electronics and electrical machinery industries increased by 14.8% and 18.3% respectively, a sharp increase of 8.2 and 6.6 percentage points from the previous month. The better-than-expected foreign trade situation has provided a strong guarantee for the stability of the global industrial chain and supply chain, and has also confirmed the sustained and stable recovery of the economy.
In short, industrial production has risen steadily, sending a positive signal of sustained and stable recovery of my country's economy. At the same time, it must be noted that the impact of the epidemic is still fermenting, and the external environment of economic development is still facing more instability and uncertainty. Therefore, we must continue to do a good job in the "six stability", implement the "six guarantees" task, adhere to the strategy of expanding domestic demand, adhere to the deepening of supply-side structural reforms, accelerate the construction of a new development pattern, focus on smoothing the economic cycle, and promote the sustained and stable recovery of the economy. .

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