On December 18, the provincial statistics bureau released economic performance data for the first 11 months of the year. The figures indicate stable overall economic operations in Liaoning during this period.
1. Industrial Growth Maintained, Mining Sector Shows Strong Performance From January to November, the value-added output of industrial enterprises above the designated size in the province increased by 1.1% year-on-year. High-tech manufacturing output rose by 3.3%.
By sector, mining output grew by 6.8%, manufacturing expanded by 0.5%, while electricity, heat, gas, and water production and supply declined by 1.6%.
By ownership type, state-controlled enterprises saw a 1.2% increase, collective enterprises fell by 2.7%, shareholding enterprises grew by 3.8%, foreign and Hong Kong/Macao/Taiwan-funded enterprises dropped by 5.8%, and private enterprises edged up by 0.3%.
Among 40 major industrial sectors, 23 recorded year-on-year growth, accounting for 57.5% of the total. Notable performers included chemical fiber manufacturing (up 7.3x), rail/sea/air transport equipment manufacturing (41.0%), nonferrous metal mining (17.6%), ferrous metal mining (15.7%), nonferrous metal processing (10.6%), pharmaceuticals (6.8%), agricultural food processing (5.2%), electrical machinery (3.4%), and petroleum/coal fuel processing (2.8%). Auto manufacturing declined by 4.2%.
Key product outputs showed significant variations: civil steel ships (+88.3%), transformers (+48.0%), synthetic ammonia (+21.2%), fertilizers (+13.0%), paper products (+8.4%), flat glass (+6.5%), nonferrous metals (+4.6%), steel products (-0.8%), and automobiles (-5.6%), though new energy vehicles grew by 22.4%.
2. Fixed Asset Investment Declines, High-Tech Manufacturing Investment Grows Fixed asset investment fell by 15.7%, while high-tech manufacturing investment rose by 14.1%.
By sector, infrastructure investment dropped by 16.6%, manufacturing investment grew by 1.0%, and real estate development investment plunged by 31.0%.
By industry, primary sector investment fell by 6.0%, secondary sector by 7.6%, and tertiary sector by 22.2%. Construction project investment declined by 12.4%, with major projects (over 100 million yuan) down 10.1%.
3. Retail Sales Expand, Premium Goods Show Rapid Growth Total retail sales reached 956.5 billion yuan, up 2.3%.
Essential goods sales remained stable: grain/oil (+12.2%), daily necessities (+9.3%), beverages (+3.5%). Premium categories surged: wearable smart devices (+16.3x), energy-efficient appliances (+110%), smartphones (+110%), and new energy vehicles (+1.1%).
4. Trade Declines Slightly, Exports Grow Total imports and exports stood at 684.07 billion yuan (-1.5%), with exports at 373.48 billion yuan (+9.4%) and imports at 310.59 billion yuan (-12.0%).
Export highlights included agricultural products (31.05 billion yuan, +9.2%), electromechanical products (189.12 billion yuan, +9.3%), electrical equipment (18.7 billion yuan, +14.6%), ships (23.09 billion yuan, +37.4%), and auto parts (13.48 billion yuan, +6.1%).
5. Stable Consumer Prices, Falling Producer Prices CPI edged down 0.1%, with urban areas flat and rural areas down 0.7%. Food/alcohol prices fell 0.9%, clothing rose 1.2%, housing edged up 0.1%, household goods/services increased 0.7%, transport/communication dropped 2.6%, education/culture rose 0.5%, healthcare fell 0.7%, and other services surged 9.0%.
PPI declined by 4.1%, while IPI (Intrepid Potash) fell by 4.9%.