From January to August, the provincial economy maintained overall stability.

01 Above-scale Industrial Growth Sustained, High-tech Manufacturing Maintained Stable Growth

From January to August, the province's above-scale industrial added value increased by 3.5% year-on-year. Among this, high-tech manufacturing added value grew by 6.4%. By the three major categories, mining industry added value increased by 10.1% year-on-year, manufacturing grew by 2.9%, and electricity, heat, gas, and water production and supply increased by 0.1%. By economic type, state-controlled enterprises' added value increased by 3.6% year-on-year; collective enterprises grew by 1.6%, joint-stock enterprises increased by 5.7%, foreign-invested and Hong Kong, Macao, and Taiwan-invested enterprises declined by 2.2%; private enterprises grew by 2.4%. By industry, among the province's 40 major industrial categories, 23 industries saw year-on-year growth in added value, with a growth coverage of 57.5%. Among these, chemical fiber manufacturing increased by 8.7 times, railway, shipbuilding, aerospace and other transportation equipment manufacturing grew by 44.9%, non-ferrous metal mining and processing increased by 23.2%, ferrous metal mining and processing grew by 21.1%, gas production and supply increased by 20.4%, non-ferrous metal smelting and processing grew by 18.7%, pharmaceutical manufacturing increased by 15.3%, electrical machinery and equipment manufacturing grew by 8.6%, agricultural and food processing increased by 6.3%, petroleum, coal and other fuel processing grew by 5.6%, general equipment manufacturing increased by 2.6%, while automobile manufacturing declined by 0.5%. By product, transformer output increased by 63.0% year-on-year; chemical reagents grew by 35.9%; civilian steel vessels increased by 32.1%; pumps grew by 17.9%; synthetic ammonia (anhydrous ammonia) increased by 17.9%; paper products grew by 14.0%; commercial concrete increased by 11.9%; steel materials declined by 0.2%; automobiles decreased by 12.2%, of which new energy vehicles grew by 19.7%.

02 Fixed Asset Investment Declined, Manufacturing Investment Grew Rapidly

From January to August, the province's fixed asset investment decreased by 5.8% year-on-year. By sector, infrastructure investment declined by 2.3% year-on-year; manufacturing investment increased by 14.3%, of which high-tech manufacturing investment grew by 16.7%; real estate development investment declined by 27.2%. By industry, primary industry investment increased by 20.4% year-on-year, secondary industry investment grew by 4.1%, and tertiary industry investment declined by 14.1%. Construction project investment decreased by 0.7% year-on-year. Among this, investment in construction projects over 100 million yuan increased by 2.8%.

03 Market Sales Continued Growing, Upgraded Product Sales Showed Good Momentum

From January to August, the province's total retail sales of consumer goods reached 687.48 billion yuan, increasing by 4.6% year-on-year. From above-scale unit commodity retail values, basic living goods sales grew steadily, with grain, oil, and food retail sales increasing by 16.0% year-on-year, daily necessities growing by 11.4%, and tobacco and alcohol increasing by 4.7%. Some upgraded product sales grew rapidly, with smartphones increasing by 120%, wearable smart devices growing by 77.8%, energy-efficient household appliances (Level 1 and 2) increasing by 44.7%, and new energy vehicles growing by 10.4%.

04 Import and Export Achieved Growth, Export Growth Was Strong

According to customs statistics, from January to August, the province's total import and export value reached 501.94 billion yuan, increasing by 0.1% year-on-year. Among this, exports totaled 267.67 billion yuan, growing by 11.6%; imports reached 234.27 billion yuan, declining by 10.5%. From export commodities, agricultural product exports totaled 21.58 billion yuan, increasing by 9.6% year-on-year; steel material exports reached 25.69 billion yuan, growing by 5.7%; mechanical and electrical product exports totaled 135.65 billion yuan, increasing by 9.4%, of which electrical equipment exports reached 13.03 billion yuan, growing by 14.6%; ship exports totaled 14.91 billion yuan, increasing by 23.1%; auto parts exports reached 9.79 billion yuan, growing by 10.6%.

05 Consumer Prices Operated at Low Levels, Industrial Producer Prices Declined

From January to August, the province's Consumer Price Index (CPI) declined by 0.2% year-on-year. Among this, urban areas declined by 0.2% and rural areas declined by 0.7%. By category, food and tobacco prices declined by 0.8%, clothing prices increased by 1.3%, housing prices rose by 0.1%, daily necessities and services prices increased by 0.3%, transportation and communication prices declined by 2.8%, education, culture and entertainment prices rose by 0.5%, healthcare prices declined by 0.8%, and other goods and services prices increased by 7.6%. From January to August, the province's Industrial Producer Price Index (PPI) declined by 4.8% year-on-year, and Industrial Producer Purchase Price Index declined by 5.2%.

Provincial Key Economic Indicators for January-August 2025