From January to November 2025, the provincial economy maintained overall stability.

**Industrial Growth Led by Mining Sector** During this period, the value-added of industrial enterprises above the designated size increased by 1.1% year-on-year. High-tech manufacturing saw a notable rise of 3.3%. By sector: - Mining grew by 6.8%, - Manufacturing edged up 0.5%, - Electricity, heat, gas, and water production and supply declined by 1.6%.

By ownership: - State-owned enterprises rose 1.2%, - Collective enterprises fell 2.7%, - Shareholding enterprises grew 3.8%, - Foreign, Hong Kong, Macao, and Taiwan-funded enterprises dropped 5.8%, - Private enterprises increased 0.3%.

Among 40 major industrial sectors, 23 posted growth (57.5%), with standout performers including: - Chemical fiber manufacturing (up 7.3x), - Rail, ship, aerospace, and transport equipment (41.0%), - Nonferrous metal mining (17.6%), - Ferrous metal mining (15.7%), - Nonferrous metal smelting (10.6%), - Pharmaceutical manufacturing (6.8%).

Key product outputs: - Civil steel ships (+88.3%), - Transformers (+48.0%), - Synthetic ammonia (+21.2%), - Fertilizers (+13.0%), - New energy vehicles (+22.4%), while overall auto production fell 5.6%.

**Decline in Fixed Asset Investment Amid High-Tech Growth** Fixed asset investment dropped 15.7%, though high-tech manufacturing investment rose 14.1%. By sector: - Infrastructure investment fell 16.6%, - Manufacturing investment grew 1.0%, - Real estate development plunged 31.0%.

By industry: - Primary sector investment declined 6.0%, - Secondary sector dipped 7.6%, - Tertiary sector slumped 22.2%.

**Retail Sales Expand with Premium Demand Surge** Total retail sales reached 956.5 billion yuan (+2.3%). Notable growth categories: - Wearable smart devices (up 16.3x), - Energy-efficient appliances (+110%), - Smartphones (+110%), - New energy vehicles (+1.1%).

**Trade: Exports Outpace Import Slump** Total import-export volume fell 1.5% to 684.07 billion yuan, with exports up 9.4% (373.48 billion yuan) and imports down 12.0% (310.59 billion yuan). Export highlights: - Agricultural products (+9.2%), - Electromechanical products (+9.3%), - Ships (+37.4%).

**Price Trends: Stable CPI, Falling PPI** CPI dipped 0.1%, with rural areas declining 0.7%. PPI dropped 4.1%, while industrial purchasing prices (IPI) fell 4.9%.