Industrial production has risen steadily. In October, the national added value of industrial enterprises above designated size increased by 5.9% year-on-year, and the growth rate was 0.1 percentage points higher than that of the previous month. In terms of economic types, the added value of state-owned enterprises increased by 4.6% year-on-year, that of collective enterprises fell by 3.6%, that of joint-stock enterprises increased by 6.7%, and that of foreign-invested and Hong Kong-, Macao- and Taiwan-invested enterprises increased by 3.9%. In terms of three major industries, the added value of the mining industry increased by 3.8% year-on-year; that of the manufacturing industry grew by 6.1%, 0.4 percentage points faster than that of the previous month; and that of the production and supply industry of electricity, heat, gas and water grew by 6.8%. From January to October, the national added value of industrial enterprises above designated size increased by 6.4% year-on-year.
Investment growth has rebounded. From January to October, the national fixed asset investment (excluding farmers) was 54,756.7 billion yuan, a year-on-year increase of 5.7%, and the growth rate was 0.3 percentage points higher than that from January to September. Among that, private investment was 34,134.3 billion yuan, an increase of 8.8% and 0.1 percentage points higher. Investment in high-tech manufacturing and equipment manufacturing increased by 16.1% and 11.1% respectively; both of the growth rates grew by 1.2 percentage points, and were 10.4 and 5.4 percentage points respectively higher than those of the total investment.
The growth rate of overall sales has declined. In October, affected by the factors like the separation of Mid-Autumn Festival holidays and the National Day holidays and the consumption delay in some commodities before the “Singles’ Day” E-commerce Festival, the retail sales of nationwide consumer goods totaled 3.5534 trillion yuan, an increase of 8.6% year-on-year, while its growth rate dropped 0.6 percentage points from the previous month. As for the location of different business departments, the retail sales of consumer goods in urban areas reached 3.0601 trillion yuan, up 8.4% year-on-year, while the retail sales of consumer goods in rural areas reached 493.4 billion yuan, up 9.7%. According to consumption types, the income of catering industry was 400.6 billion yuan, an increase of 8.8%, and the retail sales of goods totaled 3.1528 trillion yuan, an increase of 8.5%. From January to October, the total retail sales of consumer goods increased by 9.2% year-on-year.