From January to November, Yunnan Province's industrial value-added output above designated size grew by 4.5% year-on-year, accelerating by 0.9 percentage points compared to the January-October period.
By sector, mining output increased by 9.5%, manufacturing rose by 4.7%, while electricity, heat, gas, and water production and supply grew by 2.2%. Notably, high-end manufacturing showed strong momentum, with equipment manufacturing and high-tech manufacturing expanding by 17% and 16.9% respectively—12.5 and 12.4 percentage points higher than the overall industrial growth rate.
Yunnan has intensified efforts to boost consumption, implementing policies to unleash market potential and upgrade consumption structures. Total retail sales of consumer goods reached 1.16 trillion yuan, up 3% year-on-year.
Fixed-asset investment declined by 4% overall, with primary industry investment rising 2.4%, secondary industry falling 2.5%, and tertiary industry dropping 5.5%. Key sectors such as infrastructure (up 2%) and energy industry (up 12.8%) maintained growth, contributing significantly to investment expansion. Tourism investment also increased by 8.5%.
From January to October, service sector revenue above designated size rose 6.8% to 315.47 billion yuan. In November, consumer prices (CPI) edged up 0.4%, while producer prices (PPI) dipped 0.7%.
The provincial statistics bureau noted that while Yunnan's economy remained stable with improving fundamentals, challenges such as weak demand persist. Moving forward, the province will implement proactive policies to stabilize employment, businesses, and market expectations while optimizing supply and demand dynamics.
Comments