Chinanews.com client, Beijing, December 15th (Reporter Li Jinlei) "Double 11", your retaliatory buying and buying, you have done a good job!
On December 15, the National Bureau of Statistics released China's economic data for November. Among them, the national online shopping in the first November exceeded the 10 trillion mark.
Data map: Citizens enter a store participating in the "Double Eleven" carnival.
Photo by Wang Gang
Online retail sales of 10,05374 billion yuan
The data shows that from January to November, the national online retail sales reached 10,057.4 billion yuan, an increase of 11.5% year-on-year, 0.6% faster than that from January to October; of which, the online retail sales of physical goods increased by 15.7%, accounting for the total retail sales of consumer goods. 25%.
Online retail sales exceeded the 10 trillion yuan mark, and your crazy shots during the "Double 11" period can be said to be indispensable.
This year's "Double 11" front stretched, successfully bringing about the largest consumption explosion in the year.
From 0:00 on November 1st to 24:00 on November 11th, the total sales volume of Tmall and JD.com's “Double 11” in 2020 was finally fixed at 769.7 billion yuan.
Search for "retaliatory consumption" on social media, and you will find that many people have posted their own buying and buying records, some have posted screenshots of online shopping, and many have dozens of orders.
Screenshot of shopping cart shared by netizens.
As buying, buying and buying speeds up, consumption growth continues to pick up.
The total retail sales of consumer goods in November was 3951.4 billion yuan, a year-on-year increase of 5.0%, an acceleration of 0.7 percentage points from October.
Fu Linghui, spokesman for the National Bureau of Statistics, said that while online retail has maintained rapid growth, physical store sales have also recovered.
In the first 11 months, the decline in retail sales of physical stores narrowed by 1.5% compared with the previous 10 months, which also shows that the momentum of consumption growth is still continuing.
Citizens enter a shopping mall participating in the "Double 11" event.
Photo by Wang Gang
There are three more data to achieve from negative to positive
While experiencing the buying, buying and buying spree, the recovery of the national economy continued to show in November, with three more indicators successfully turning positive.
Among them, the growth rate of private investment turned positive for the first time this year.
Data show that from January to November, the national fixed asset investment (excluding rural households) increased by 2.6% year-on-year, which was 0.8 percentage points faster than that from January to October.
Private investment increased by 0.2%, and the growth rate turned positive for the first time this year.
In addition, from January to October, the national industrial enterprises above designated size achieved a total profit of 50124 trillion yuan, an increase of 0.7% year-on-year, and the growth rate turned from negative to positive for the first time in the year.
From January to October, the operating income of service industry enterprises above designated size increased by 0.3% year-on-year, and the growth rate turned from negative to positive for the first time this year.
Urban survey unemployment rate drops for 4 consecutive months
Employment is the foundation of people's livelihood. As the economy recovers, the scale of employment is also expanding.
Statistics show that from January to November, 10.99 million new jobs were created in cities and towns across the country, completing 122.1% of the annual target.
Survey unemployment rate is declining.
In November, the surveyed unemployment rate in cities and towns nationwide was 5.2%, a decrease of 0.1 percentage point from October, which was a consecutive decline for four consecutive months. Among them, the surveyed unemployment rate for the 25-59-year-old population was 4.7%, a decrease of 0.1 percentage point.
Fu Linghui said that with the economic recovery, employment is expanding, which will help increase residents' income.
Data map: Citizens buy pork in a Jingkelong supermarket in Chaoyang District, Beijing.
Photo by China News Agency reporter Jiang Qiming
CPI negative growth for the first time in 11 years
Looking at the price index again, in November, the national consumer price (CPI) fell by 0.5% year-on-year, and again became negative after 11 years.
Fu Linghui said that since the beginning of this year, the increase in consumer prices has generally been high and low. In November, consumer prices fell by 0.5% year-on-year, which was the first year-on-year decline since October 2009.
"The year-on-year decline in consumer prices in November was mainly due to the decline in food prices." Fu Linghui said that food prices in November changed from a 2.2% year-on-year increase in the previous month to a decrease of 2%, which affected the CPI for the month to drop by about 0.44. Percentage points.
The price of pork was the most important factor. The price of pork fell by 12.5% year-on-year, which affected the CPI drop by about 0.6%.
Is China facing the risk of deflation?
In this regard, Fu Linghui believes that from the perspective of future development, there are still many favorable conditions for the stable operation of consumer prices.
The entire market demand is expanding. This year’s grain harvest has been achieved and it has stabilized at more than 1.3 trillion catties for six consecutive years. Together with the recovery of live pig production capacity, pork prices have also declined, which has played an important role in the overall stability of prices. .
Finally, the timely implementation of measures to ensure supply and price stabilization is conducive to price stability.
As economic operations gradually return to normal, consumer price increases will return to a reasonable level.
Data map: A supermarket in Taiyuan City, Shanxi Province, citizens are buying pork.
Photo by China News Agency reporter Zhang Yun
Will pork prices continue to rise sharply?
Regarding the drop in pork prices in November, Fu Linghui explained that one reason was the recovery of live pig production this year, the increase in production capacity and the increase in supply; the other reason was the relatively high base in the same period last year.
Recently, pork prices have stopped falling and turned up. Everyone is very concerned about whether pork prices will soar again in the future and drive the CPI from negative to positive?
Fu Linghui responded that since the fourth quarter, New Year's Day and Spring Festival are approaching, and seasonal demand is increasing.
But on the whole, the recovery of domestic pig production capacity does not have the conditions and basis for a sharp increase in pork prices, and there is support and conditions for maintaining stable prices.
(Finish)