Economic performance continued to recover in November

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Economic performance continued to recover in November
January 01, 1970

Abstract: Fu Linghui said that since the fourth quarter, major economic indicators have rebounded significantly, social confidence has been effectively boosted, and positive changes have increased significantly. Judging from the situation throughout the year, the main goals of economic and social development are expected to be successfully achieved.

Data released by the National Bureau of Statistics yesterday showed that in November, the added value of industries above designated size nationwide increased by 5.4% year-on-year, 0.1 percentage points faster than the previous month; the added value of industry, total retail sales of consumer goods, and fixed asset investment (excluding farmers) increased by 0.46% month-on-month respectively. %, 0.16% and 0.10%. The national urban surveyed unemployment rate was 5.0%, the same as last month. Combined with other previously announced economic data, Fu Linghui, spokesperson of the National Bureau of Statistics and head of the National Economic Comprehensive Statistics Department, said at a press conference held by the State Council Information Office that the economy continued to rebound in November.

Fu Linghui said that since the fourth quarter, major economic indicators have rebounded significantly, social confidence has been effectively boosted, and positive changes have increased significantly. Judging from the situation throughout the year, the main goals of economic and social development are expected to be successfully achieved. Looking from next year, the international environment will become more complex, severe and uncertain. The prevalence of trade protectionism will drag down global trade and world economic recovery. The negative impact of geopolitical conflicts on the supply of global energy and other bulk commodities is still difficult to predict. The macro policies of major economies There is still great uncertainty in adjusting the spillover effects, and the domestic economic adjustment and transformation is still progressing. Continued efforts are needed to expand domestic demand, promote residents' employment and income, and resolve hidden risks. (Securities Times)

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