National Economic Performance in November

In November, national economic performance continued to slow down.

I. The growth of Industrial production slowed down.

In November, the total completed value-added of industrial production was 238.9 billion yuan, up 7.9% over the same month of last year. Of which, the value-added of heavy industry was 142.6 billion yuan, up 8.8% over the same month of last year. And that of light industry was 96.3 billion yuan, up 6.8%. In November, the sales ratio of the industry production was 97.16%, down 0.14% over the same month of last year. In the first 11 months of this year, the sales ratio of the industrial production was 97.18%, down 0.14% over the same period of last year.

II. The growth of investment in fixed assets declined obviously.

In October, the investment of state-owned units and other type of units were 274 billion yuan, up by 9.4%. Of which, investment in capital construction was 142.8 billion yuan, up 6%, that in technical innovation was 66.1 billion yuan, up 10.9%, and that in real estate was 55.1billion yuan, up 19.5%.

In the first 11 months of this year, the investment of state-owned units and other type of units were 2116.4 billion yuan, up by 16.3%. Analyzed by purposes, investment in capital construction was 1113.1 billion yuan, up 10.4%, that in technical innovation was 434.1 billion yuan, up 20.3%, and that in real estate was 485.7 billion yuan, up 29.7%.

III. Market sales were brisk

In November, the retail sales of consumer goods was 342.17 billion yuan, up 10.1% over the same period last year. By sector, the retail sales of consumer goods in wholesale and retail sale trades was 229.55 billion yuan, up 10.6%, that in Catering trade was 40.26 billion, up 17.2% over the same month of last year.

From January to November, the retail sales of consumer goods was 3356.2 billion yuan, up 10.1% over the same period of last year.

IV. Consumer price index declined again

In November, the consumer price was down 0.2% over the previous month, and down 0.3% at compared with the same month of last year. Analyzed by category of commodities, the price for recreational, educational, cultural articles and service item was up 2.0%, the price for residence item was up 0.6%. On the other hand, the ex-factory price of manufactured goods was down 3.7%, and the purchasing price for energy, raw materials and power was down 3.5%

V. Export and import increased fast

Total value of export and import in the first 11 months of this year was 462.77 billion US dollars, up by 7.4% compared with the same period of last year. Of which, the value of export was 241.57billion US dollars, up 6.3%; that of import was 221.2 billion US dollars, up 8.6%. Surplus was 20.37 billion US dollars, down 13.5% over the same period of last year. In November, the total value of export was 24 billion US dollars, up 8.4%, and import was 20.85 billion US dollars, down 3.7% over the same month of last year, surplus was 3.16 billion US dollars, up 523.5%.

During the first 11 months, 22915 overseas-funded enterprises have been approved to set up, scoring an increase of 16.32 percent. The total amount of foreign capital actually used is 41.897 billion US dollars, up 15.61% over the same period of last year.