CCTV News: The National Information Center has released various leading indexes in the economic field, reflecting new changes in China's economy from different aspects such as investment efforts and consumption recovery. The national construction machinery operation rate increased month-on-month in the fourth quarter of 2024

The latest monitoring data of the National Information Center shows that in the fourth quarter of 2024, the national construction machinery operation rate increased by 1.2 percentage points compared with the third quarter. Among the 31 provinces (autonomous regions and municipalities), 18 provinces increased significantly compared with the third quarter. Projects are running "accelerated" and investment continues to increase

The project construction is accelerating, and the growth of the winning bid amount reflecting the intensity of the project investment is also accelerating. The winning amount of projects in the fourth quarter of 2024 increased by 10.3% year-on-year, and the winning amount of projects in the national group increased by 30.5% year-on-year, an increase of 16.8 percentage points from November.

Yang Daoling, Director of the Big Data Development Department of the National Information Center of the National Development and Reform Commission, introduced that with a series of stable investment policies that continue to exert effect, we will continue to promote various projects to accelerate the formation of physical workload. The resilience and endogenous growth momentum of investment are constantly improving, helping to expand domestic demand and better play the key role of the "stabilizer" of economic growth. Consumption rebounds and improves, and economic operation is stable and progressing

In 2024, with the support of a series of policies such as exchanging domestic demand and promoting consumption, my country's consumption potential has been released at a faster pace.

Offline consumption popularity index reflects the flow of people in major business districts in major cities. In December 2024, this index increased by 5.0% year-on-year, and offline consumption vitality continued to be released.

In 2024, Beijing has opened 17 large-scale commercial facilities, with a newly opened commercial area of ​​more than 1.5 million square meters. The city's 60 key business districts achieved a passenger flow of 2.67 billion, an increase of 10.7% year-on-year. Shanghai has completed 47 new commercial facilities renovation projects with an area of ​​about 2.6 million square meters. In more than 30 key business districts in the city, the annual average daily passenger flow increased by 6.3% year-on-year.

While the popularity of offline business districts continues to rise, the National Information Center's life service consumption popularity index constructed by the National Information Center based on order data of the life service e-commerce platform increased by 17.7% year-on-year in 2024, of which, a year-on-year increase of 10.5% in December, an increase of 1.4 percentage points from the previous month. Online retail sales of home appliances in major categories increased by 11.2% year-on-year in 2024 and 24.7% year-on-year in December.

The policy leverages consumption on one hand and drives enterprises on the other. The National Information Center's latest technologically innovative enterprise flow index increased by 11.9% year-on-year in 2024. Among them, December increased by 6.6% year-on-year, an increase of 2.7 percentage points from the previous month. It shows that the confidence in the development of innovative enterprises has been further enhanced and their vitality continues to increase steadily.

Yang Daoling said that judging from the growth trend of many high-frequency indicators, the economic operation throughout the year was generally stable and steady, showing the strong resilience and potential of the Chinese economy. The long-term positive support conditions and basic trend of my country's economy have not changed. It is expected that economic development will continue to recover and improve in 2025.