National Economic performance in November

In November, national economic performance continued to keep favorable development.

Main features of economic performance in November:

Steady growth is seen in industrial production. In November, total value-added of industry was 217.1 billion yuan, up 10.6% over the same month of last year. For the first 11 months of this year, total value-added of industry reached 2132.7 billion yuan, up 11.5% over the same period of last year.

The sales ratio of industrial production was 97.42%, up 0.12 percentage points over the same month of last year. Of which, that of light industry was up 0.45 percentage points, heavy industry was up 0.27 percentage points. From January to November, the sales ratio of industrial production was 97.27%, up 0.66 percentage points over the same period of last year.

In November, value of delivered export goods realized by industrial enterprises reached 129 billion yuan, up 20.9% over the same month of last year, down 0.9 percentage points over the previous month. From January to November, value of delivered export goods realized by industrial enterprises was up 26.1% over the same month of last year, and continued to keep fast growth.

II. Investment in fixed assets continued to increase fast. From January to November, the total investment in fixed assets (excluding urban and rural collective units and individual investment) reached 1819.1 billion yuan, up 11.7% over the same period of last year, and down 0.9 percentage points over the first 10 months of this year. Investment in fixed assets in this month was 250.4 billion yuan, up 6.7% over the same minth of last year, 4.1 percentage points slower than the previous month.

In the first 11 months of this year, the investment in capital construction reached 1008.4 billion yuan, up 8.0% over the same period of last year, 0.5 percentage points slower than the first 10 months of this year. In November, the investment in capital construction reached 134.7 billion yuan, up 5%, 5.9 percentage points slower than the previous month. From January to November, the investment in technical updating and transformation was 360.9 billion yuan, up 17.2% over the same period of last year, down 1.9 percentage points over the previous month. In this month, the investment in technical updating and transformation reached 59.6 billion yuan, up 8.2% over the same month of last year.

Market sales were brisk. In November, total retail sales of consumer goods hit 310.78 billion yuan, up 8.7% over the same month of last year. In terms of location of establishments, total retail sales in city reached 190.47 billion yuan, up 9.7% over the same month of last year, that in country and under country level was 120.31 billion yuan, up 7.2% over the same month of last year. In term of sectors, total retail sales of consumer goods in wholesale and retail sales trades reached 207.55 billion yuan, up 10.6%, that in catering trade reached 34.35 billion yuan, up 15.5%.

The consumer price continued to picked up. In November, consumer price was up 1.3% over the same month of last year. From January to November, consumer price was up 0.2% over the same period of last year.

In November, retail price was down 0.6 percentage points over same month of last year. From January to November, retail price was down 1.6 percentage points over the same period of last year.

Exports and imports continued to increase rapidly. From January to November, total value of exports and exports was 430.924 billion US dollars, up 33.4% over the same period of last year, the trade surplus was 23.56 billion US dollars. Of which, the value of exports was 227.24 billion US dollars, up 30.1%, and the value of imports was 203.68 billion US dollars, up 37.4% over the same period of last year.

In November, the value of exports was 22.16 billion US dollars, up 13.8%, value of imports was 21.64 billion US dollars, up 28.0% over the same month of last year.

Financial performance developed steadily. By the end of November, broad money M2 was 13099.4 billion yuan, up 12.4% over the same period of last year, narrow money M1 was 5078.7 billion yuan, up 17.1% over the same period of last year, down 1.1 percentage points over the previous month. Cash in circulation M0 was 1387.8 billion yuan, up 11.2%. In November, total net cash supply was 28.8 billion yuan, 4.1 billion yuan less than that in the same period of last year.

By the end of November, total loans balance of all financial institutions was 9818 billion yuan, up 14.7% over the same period of last year, new-loans in this month was 153.5 billion yuan, more 47.2 billion yuan than that in the same month of last year. From January to November, the new-loans was 1205.5 billion yuan, more 351.4 billion yuan than that in the same period of last year.

By the end of November, total deposits balance of all financial institutions was 12186.8 billion yuan, up 13.6%. Of which, total enterprises deposits balance was 4254.2 billion yuan, up 18.8%, savings deposits balance of urban and rural residents was 6349.2 billion yuan, up 7.3% over the same period of last year.