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    News: 2024.03.18

    Mainland economy: Industrial and fixed investment start better than expected, consumption performance slightly lags behind

    The National Bureau of Statistics released data on consumption, industry, investment and unemployment rate of the economic "troika" in the first two months of this year. During the period, the total retail sales of consumer goods was 8.13 trillion yuan (the same below), an increase of 5.5% year-on-year, and the growth rate was higher than that in December last year...

    Industrial performance beats expectations

    According to data released by the National Bureau of Statistics, industrial production growth was stable in the first two months of this year and performed better than expected. Production in all industries has increased, especially in high-tech industries and manufacturing, where the growth rate has accelerated significantly. This shows that my country's industrial economy continues to improve and provides strong support for overall economic growth.

    Fixed investment continues to grow

    In addition to industrial production, fixed investment also shows a continued growth trend. All regions are actively promoting infrastructure construction and industrial upgrading, and investment enthusiasm is high. This will further promote economic development, increase employment and inject strong impetus into the economy.

    The consumer market is slightly weak

    However, the performance of the consumer market was slightly weak, and the growth rate slowed down compared with the same period last year. This may be related to the impact of the epidemic and lack of consumer confidence. The government should strengthen consumption promotion policies to stimulate consumption potential and promote the recovery of the consumer market.

    Unemployment rate remains stable

    In addition, the unemployment rate remained stable during this period and labor market conditions were good. The government should continue to strengthen employment and entrepreneurship support policies, increase the employment rate, and achieve the goal of comprehensive employment.