A group of eye-catching data is inspiring. China’s economy is long and the future is expected
CCTV News:In 2023, China comprehensively deepened reform and opening-up, intensified macro-control, focused on expanding domestic demand, optimizing structure, boosting confidence, and preventing and defusing risks, and made solid progress in economic recovery and high-quality development. People from all walks of life believe that this year’s economic operation and achievements in economic work have fully confirmed the correctness and foresight of the Party Central Committee with the Supreme Leader as the core in judging the situation and making relevant decisions, and have effectively demonstrated the great development resilience and potential of China’s economy. Today (December 15th), the publication of a series of authoritative data fully verified this point.
[Looking at the development of China’s economic recovery through data and continuing to consolidate]
The State Council Information Office held a press conference today (December 15th). According to the data released by the National Bureau of Statistics, the national economy continued to pick up in November, production and supply rose steadily, and employment prices were generally stable. In November, the recovery of industrial production accelerated, the service industry grew rapidly, and the added value of industrial enterprises above designated size increased by 6.6% year-on-year, 2 percentage points faster than last month. Among them, the equipment manufacturing industry grew by 9.8%, and the growth rate of over 60% of industries and nearly half of products rebounded from last month. In November, the service industry production index increased by 9.3% year-on-year, 1.6 percentage points faster than last month. Market demand continued to improve, with the total retail sales of social consumer goods reaching 4,250.5 billion yuan, up 10.1% year-on-year; 1— In November, retail sales of services increased by 19.5% year-on-year.
1— In November, manufacturing investment increased by 6.3%, 0.1 percentage point faster than the previous 10 months; Investment in high-tech industries increased by 10.5% year-on-year, maintaining rapid growth.
China’s foreign trade operation is still expected to continue to maintain overall improvement.
A spokesman for the National Bureau of Statistics said today that from the foreign trade data of the first 11 months, the characteristics of China’s stable export scale and stable share have not changed, and its important position in the global industrial chain supply chain has not changed. China is still an important force driving world economic growth and promoting globalization.
In November, China’s total import and export volume increased by 1.2% year-on-year, 0.3 percentage points faster than last month. Among them, the export volume increased by 1.7% year-on-year, ending the downward trend for six consecutive months.
China’s trade structure continues to be optimized, 1-mdash; In November, the import and export volume of general trade with a longer industrial chain and relatively high added value accounted for 64.8% of the total import and export volume, an increase of 1 percentage point over the same period of last year; As the largest subject of foreign trade, the import and export of private enterprises increased by 6.1% year-on-year, up by 3.1 percentage points over the same period of last year.
The space for economic and trade cooperation has been effectively expanded. 1— In November, the import and export volume of China and the countries that jointly built the "Belt and Road" increased by 2.6% year-on-year, which continued to be faster than all imports and exports.
The export of new kinetic energy kept growing. 1— In November, China’s exports of mechanical and electrical products increased by 2.8%, accounting for 58.6% of the total export value, which provided strong support for export growth.
The employment situation is generally stable, and the employment of migrant workers continues to improve.
Since the beginning of this year, under the continuous action of various policies and measures to stabilize employment, with the sustained recovery of economic operation, the service industry, especially the contact-gathering service industry, has recovered rapidly, the employment space has been effectively expanded, and the employment situation is generally stable. At today’s press conference, the spokesman of the National Bureau of Statistics also introduced this.
In November, the national urban survey unemployment rate was 5%, down 0.7 percentage points from the same period of last year. 1— In November, the national urban survey unemployment rate was 0.4 percentage points lower than the same period of last year. The employment situation is generally stable.
The employment of migrant workers continued to improve. In November, the unemployment rate of migrant agricultural registered laborers in cities and towns dropped by 0.2 percentage points from last month and 1.6 percentage points from the same period of last year, which was at a low level in recent years.
Liu Aihua said that from the next stage, although the structural contradiction of employment still exists, the favorable conditions for promoting employment stability are also accumulating and increasing.
Liu Aihua, spokesperson of the National Bureau of Statistics:In accordance with the arrangements of the CPC Central Committee and the State Council, we will give more priority to employment, continue to implement various measures to stabilize employment, expand employment space through multiple channels, strengthen vocational skills training, optimize employment services, ensure the employment stability of key groups, and continuously consolidate the stable employment situation.
Residents’ consumption demand has been released and the scale of consumption has continued to expand.
With the full recovery of normal economic and social operation since this year, under the action of a series of policies to promote consumption, the consumer demand of residents has been released and the consumption scale has continued to expand.
In November, the total retail sales of social consumer goods reached 4,250.5 billion yuan, a year-on-year increase of 10.1%. Among them, the retail sales of urban consumer goods and rural consumer goods increased by 10.0% and 10.4% respectively. By consumption type, the retail sales of commodities reached 3,692.5 billion yuan, an increase of 8.0%; The catering revenue was 558 billion yuan, an increase of 25.8%. Among the retail sales of commodities above designated size, the retail sales of clothing, shoes, hats, knitwear, communication equipment, sports, entertainment goods, automobiles and gold, silver and jewelry increased by 22.0%, 16.8%, 16.0%, 14.7% and 10.7% respectively.
1— In November, the total retail sales of social consumer goods was 42,794.5 billion yuan, up 7.2% year-on-year, compared with 1-mdash; It accelerated by 0.3 percentage points in October. The national online retail sales reached 13,957.1 billion yuan, up 11.0% year-on-year. Retail sales of services increased by 19.5% year-on-year, compared with 1— It accelerated by 0.5 percentage points in October. From the consumption pattern, the proportion of service consumption has rebounded, and the demand for entertainment, information and medical care has increased significantly.
In November, electricity consumption of the whole society increased by 11.6% year-on-year.
Today, the National Energy Administration released data such as electricity consumption of the whole society in November. In November, the electricity consumption of the whole society was 763 billion kWh, up 11.6% year-on-year. In terms of industries, the electricity consumption of the primary industry was 9.6 billion kWh, up 12.2% year-on-year; The electricity consumption of the secondary industry was 527.7 billion kWh, a year-on-year increase of 9.8%; The electricity consumption of the tertiary industry was 132.1 billion kWh, a year-on-year increase of 20.9%; The domestic electricity consumption of urban and rural residents was 93.6 billion kWh, a year-on-year increase of 10.0%.
In November, the scale of civil aviation freight reached a record high.
According to the data of the Civil Aviation Administration of China, in November, the cargo and mail transportation volume of the whole civil aviation industry reached 719,000 tons, a record high. Among them, the cargo and mail traffic on domestic routes increased by 7.4% month-on-month, and the cargo and mail traffic on international routes increased by 5.4% month-on-month.
[Building the "Belt and Road" cooperation is strong, fruitful and seek common development]
Pragmatic cooperation on the Green Silk Road has been further promoted.
Today, at the special press conference held by the National Development and Reform Commission, the "One Belt, One Road" series blue books were officially released. The blue books show that in the past ten years, the construction of the Green Silk Road has achieved positive results, the concept of green development has been deepened, the international cooperation platform has been continuously improved, and pragmatic cooperation measures have been deepened. Green has become a bright background for building the "Belt and Road".
According to the Blue Book, China has successively issued policy documents such as strengthening the environmental management of overseas projects, promoting the green development of the "Belt and Road", promoting international cooperation in green energy, and not building new overseas coal-fired power projects, clarifying the key tasks and work arrangements for the construction of the Green Silk Road, and making efforts to strengthen policy guidance.
China has implemented a number of green, low-carbon and sustainable wind and solar power generation projects together with the co-construction country, which has injected strong impetus into the development of energy supply in the co-construction country in an efficient, clean and diversified direction. A number of landmark projects, such as Inner Mongolia Railway, China-Laos Railway, Indonesian Qingshan Industrial Park, and Laos Vientiane Saiseta Low-carbon Demonstration Zone, which were jointly carried out by China and the co-construction countries, have widely integrated green concepts and China technologies, which have played an important role in reducing pollution and greenhouse gas emissions and promoting local economic development, and have been widely praised by the co-construction countries’ governments and people.
China has built 24 agricultural technology demonstration centers in Africa.
Today, at the special press conference held by the National Development and Reform Commission, the responsible person said that 52 of the 53 countries that have established diplomatic relations in Africa have signed cooperation documents with China to jointly build the Belt and Road, and built a number of major landmark projects and "small but beautiful" livelihood projects, which have promoted the economic and social development and improvement of people’s livelihood in African countries.
The person in charge said that a number of major landmark projects, such as Kenya’s Monnet Railway and Nigeria’s Laiji Port, have effectively improved Africa’s infrastructure. In reducing poverty and benefiting the people, China has built 24 agricultural technology demonstration centers in Africa, popularized more than 300 advanced and applicable technologies such as corn close planting, and promoted the average yield increase of local crops by 30%— 60%, helping African countries to improve the level of agricultural development. In addition, a number of "small but beautiful" livelihood projects, such as "Bright Walk" and "Luban Workshop", have effectively promoted the improvement of people’s livelihood in African countries.
The cooperation between China and Latin America in building the "Belt and Road" is strong.
The relevant person in charge of the National Development and Reform Commission said that of the 26 countries that have established diplomatic relations between China and Latin America and the Caribbean, 22 countries have joined the "One Belt, One Road" initiative, and the "One Belt, One Road" cooperation between China and Latin America has shown a strong development momentum.
The person in charge said that China and Latin American and Caribbean countries continued to promote the "four-in-one" interconnection of land, sea, sky and network, and successfully built a number of landmark projects, such as Jamaican North-South Expressway and Peruvian Qiankai Port, and the effectiveness of facility connectivity became increasingly apparent.
At the same time, the level of smooth trade has been continuously improved. The trade volume of goods between China and Latin American and Caribbean countries increased from US$ 261.39 billion in 2013 to US$ 485.79 billion in 2022, with an average annual growth rate of 7.1%. China has become the main trading partner of more than 10 Latin American and Caribbean countries. By the end of 2022, the stock of China’s direct investment in Latin American and Caribbean countries reached US$ 596.15 billion. Seven Latin American and Caribbean countries, including Brazil, Peru, Venezuela, Chile, Bolivia, Argentina and Ecuador, have successively joined the Asian Infrastructure Investment Bank.
China has established about 180 pairs of sister city relations with 17 Latin American and Caribbean countries, and the frequency and quantity of exchange of students between China and Latin America have been increasing.
[Policy "combination boxing" accurately releases economic growth potential]
The People’s Bank of China facilitates reverse repurchase and medium-term lending.
Today, the People’s Bank of China has carried out reverse repurchase operation and medium-term loan facility (MLF) operation in the open market to maintain liquidity in the banking system’s reasonable abundance.
Today, the website of the People’s Bank of China announced that on December 15th, 2023, the People’s Bank of China launched a 50 billion yuan open market reverse repurchase operation and a 1,450 billion yuan medium-term loan facility (MLF) operation, in order to maintain liquidity in the banking system’s reasonable abundance, hedge the impact of short-term factors such as government bond issuance and payment, and properly supply medium-and long-term base money. The winning interest rates were the same as before.
As there are 197 billion yuan of reverse repurchase and 650 billion yuan of medium-term lending facilities (MLF) due today, this means that the medium-term lending facilities (MLF) will continue to make a net investment of 800 billion yuan, which is a new high in the year.
The reporter learned from the People’s Bank of China that since the beginning of this year, the Medium-term Lending Facility (MLF) has continued to exceed the quota month by month, with a cumulative increase of more than 1.7 trillion yuan in the first 11 months, which strongly supports a reasonable and sufficient liquidity.
The State Administration of Foreign Exchange has expanded the high-level opening pilot of cross-border trade and investment.
Today, the State Administration of Foreign Exchange expanded the high-level opening pilot of cross-border trade and investment to Shanghai, Jiangsu, Guangdong, Beijing, Zhejiang and Hainan provinces. The specific measures include eight measures, such as facilitating the receipt and payment of foreign exchange funds in current account and exempting foreign-invested enterprises from registration for domestic reinvestment, which will facilitate more business entities to handle cross-border trade and investment business in compliance with regulations.
Tourism trial operation of Hong Kong-Zhuhai-Macao Bridge officially opened.
Today (December 15th) is the first day of the trial operation of the Hong Kong-Zhuhai-Macao Bridge. More than 800 tourists visited the bridge after passing the border inspection and customs inspection. At present, the bridge tour must be in the form of a tour group, and it is open to two types of people: first, mainland residents with valid identity cards, and second, Hong Kong and Macao residents who have entered the Mainland and hold valid Hong Kong and Macao residents’ passes to and from the Mainland.