Policies Deliver Tangible Results: Multiple Leading Indicators in China Continue to Improve
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Author:小编   

According to the latest leading indicators released by the National Information Center of the National Development and Reform Commission, investment in new-type infrastructure and emerging industries continued to gather momentum in October, while consumer market vitality was steadily unleashed. In October, the national construction machinery operating rate rose 0.7 percentage points year on year, registering positive year-on-year and month-on-month growth for two consecutive months, as project construction steadily picked up pace. Policies continued to yield results, with major projects such as the "six networks" accelerated, driving investment recovery and structural optimization. The value of bids won for new-type infrastructure projects related to computing power and data surged 45.4% year on year, and capital investment in frontier fields such as artificial intelligence more than tripled compared with the same period last year. The consumer market grew steadily. In October, consumer payment amounts across various categories rose 2.6% year on year, and the offline consumer vitality index was up 1.8% year on year.