[Report from the press conference of the State Council Information Office]
The main economic operation indicators in November show-
The economy continues to recover, and the overall stability is improving
Guangming Daily reporter Dong Bei
On December 15, the National Bureau of Statistics released data showing that in November, industrial and agricultural production rose steadily, the employment situation was generally stable, consumer prices rose moderately, high-quality development progressed steadily, and economic operations were generally stable. “In general, the national economy continued to recover in November, and the main macro indicators were within a reasonable range.” Fu Linghui, spokesperson of the National Bureau of Statistics and Director of the Department of Comprehensive Statistics of the National Economy, at a press conference held by the State Council Information Office Say.
The economy recovers steadily, and the annual growth is expected to reach 8%
Fu Linghui pointed out at the press conference that my country’s economic development is more resilient, and with the intensification of macro policy adjustments, policies to ensure supply, stabilize prices and help companies to relieve difficulties have been effective. Looking at the whole year, my country’s economy is expected to recover steadily.
The data shows that in the first three quarters, my country’s GDP grew by 9.8% year-on-year, with an average growth rate of 5.2% over the two years. According to estimates by major international organizations such as the International Monetary Fund, the annual growth rate is expected to reach about 8%, which is significantly higher than that of major economies. The characteristics of strong development resilience, great potential, and sufficient motivation are obvious.
Consumer prices are a general concern of the masses. According to reports, from January to November, consumer prices rose by 0.9% year-on-year, and the overall increase was lower than the expected target for the year. After deducting food and energy, the core CPI rose 0.8% year-on-year, remaining basically stable, and the overall rise was moderate.
Since the fourth quarter, industrial production has continuously accelerated, promoting high-quality development and achieving results. In November, the added value of industries above designated size increased by 3.8% year-on-year, 0.3 percentage points faster than the previous month. From January to November, the output of metal containers and integrated circuits, which are in short supply in the market, maintained rapid growth.
It is worth mentioning that my country’s major scientific and technological achievements continue to emerge. Good news in the fields of manned aerospace, quantum computing, etc. are frequent, 5G commercial construction is progressing steadily, and the role of new inventions and technologies in driving the economy continues to increase.
“The above situation shows that my country’s economy continues to recover steadily, and the main objectives and tasks of economic and social development for the year are expected to be better achieved.” Fu Linghui told reporters.
Consumption continues to upgrade
In the past two years, the consumption situation has been disturbed by the epidemic. Last year, the contribution of consumption to economic growth declined due to the impact of the epidemic. Fu Linghui believes that the contribution of consumption to economic growth has been steadily increasing this year. Overall, the trend of consumption upgrades continues.
“Judging from the situation in November, my country’s market sales are generally recovering. However, due to the frequent spread of the epidemic, they are stable and slow.” Fu Linghui said that in November, the total retail sales of consumer goods increased by 3.9% year-on-year. A decrease of 1 percentage point from the previous month, an average increase of 4.4% over the two years, a decrease of 0.2 percentage point. Both the production and sales of new energy vehicles have more than doubled, and the sales of high-end brands have also increased significantly.
“From the perspective of future development, the trend of my country’s consumption scale expansion and consumption structure upgrading will not change.” Fu Linghui pointed out that the spread of the epidemic still has restrictions on consumption, especially contact consumption. Recently, the price of some vegetables has risen relatively high. To a certain extent, it will affect consumption growth. In the next stage, we must do a good job in the prevention and control of the epidemic, promote the formation of a stable consumption environment, and actively increase market supply to better meet the consumption needs of residents.
There is good support for maintaining stable economic operation
“The current international environment is becoming more complex and severe. The recovery of the world economy has slowed down, and inflationary pressures are intertwined with the spread of the epidemic. my country’s economy is also facing the triple pressure of shrinking demand, supply shocks, and expected weakening. However, my country’s long-term positive fundamentals are not There is still good support for changes, overcoming difficult challenges and maintaining stable economic operations.” Fu Linghui said.
——In terms of stimulating domestic demand, residents’ income has grown steadily, and the employment situation is generally stable, which is conducive to improving residents’ spending power and willingness to consume. Fu Linghui pointed out that as long as the epidemic is well prevented and controlled, consumption development next year is still promising. Major projects in the “14th Five-Year Plan” have been started one after another, and the construction of the “two new and one heavy” infrastructure is progressing steadily, which is conducive to enhancing the driving effect of effective investment.
——In terms of innovation-driven, technological innovation has accelerated development, 5G industry has accelerated its layout, strategic emerging industries such as digital economy, life and health, new materials and other strategic emerging industries have grown rapidly, and innovation investment in key components, core components and other short-board areas has been continuously increased , And achieved a series of results. In 2021, my country’s global ranking of innovation index will rise to the 12th place in the world, rising for 9 consecutive years.
——In terms of market vitality, the effects of decentralization, regulation, and service reforms and optimizing the market environment have continued to show up. The market-oriented reforms of factors have been steadily advanced, high-level opening up has been accelerated, the vitality of market entities has been effectively stimulated, the momentum of development has increased, and the dividends of reform and opening up have continued to be released.
“Guangming Daily” (10th edition on December 16, 2021)