The National Bureau of Statistics released the main economic data for August on the 15th. In August, macroeconomic policies were coordinated, and the overall operation of the national economy remained stable, with steady progress in transformation and upgrading, and new achievements in high-quality development. Looking ahead, analysts say that the further release of policy effectiveness in the next stage will provide strong guarantees for the stable operation of the economy; At the same time, macro policies in the fourth quarter may introduce new incremental measures to ensure the smooth achievement of the annual economic growth target of around 5.0%. In August, the overall economic operation was stable and steady with progress. Various regions and departments actively strengthened macroeconomic policy adjustments, deepened the construction of a unified national market, and focused on strengthening the domestic circulation. Production and demand remained basically stable, employment and prices remained overall stable, new driving forces were cultivated and strengthened, and the national economy maintained an overall stable and steady development trend. From an industrial perspective, the added value of industries above designated size increased by 5.2% year-on-year in August, continuing to maintain rapid growth. The development trend of the manufacturing industry is good, with the added value of the manufacturing industry growing by 5.7% in August, faster than the growth rate of industries above designated size. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, stated that since the beginning of this year, the overall growth rate of industrial production has accelerated, driven by the expansion of domestic demand policies such as the "two new" policy, as well as the rapid growth of mid to high end industries such as high-tech manufacturing and equipment manufacturing, which have continuously optimized the industrial structure. Driven by strong policy support and a thriving market supply and demand, the growth momentum of the manufacturing industry's new energy sector is relatively strong. ”Wang Qing said. According to data from the National Bureau of Statistics, in August, the added value of equipment manufacturing and high-tech manufacturing industries above designated size increased by 8.1% and 9.3% respectively year-on-year, both significantly faster than those of industries above designated size. From the perspective of consumption, the total retail sales of consumer goods in August increased by 3.4% year-on-year, and the retail sales of goods related to trade in continued to maintain rapid growth. The potential for service consumption is also constantly being released, with active services such as tourism and leisure, performances and events, and information and communication. Wang Qing mentioned that the retail performance of consumer goods in August was mostly positive, with the year-on-year growth rate of retail sales of clothing, cosmetics, sports and entertainment products, gold, silver, jewelry, cultural and office supplies and other goods accelerating. "This may be boosted by the wealth effect brought by the rise in the stock market," said Fu Linghui, spokesperson for the National Bureau of Statistics, chief economist, and director of the Department of Comprehensive Statistics of the National Economy, at the press conference of the State Council Information Office on the 15th. Since the beginning of this year, despite the complex changes in the external environment, deepening external adverse effects, weak domestic effective demand, and long-term accumulation of structural contradictions, China's economy has withstood pressure and maintained a steady and progressive development trend under the continuous efforts of macro policies and accelerated construction of a unified national market. The main indicators for the first 8 months have been generally stable, and high-quality development has been solidly promoted. Looking ahead to the future: there may be new incremental policies in the fourth quarter. Since the beginning of this year, various regions and departments have conscientiously implemented the decisions and deployments of the Party Central Committee and the State Council, promoted the effective implementation of various macro policies, and promoted stable economic development. The "dual" construction has shown remarkable results, and the "two new" policies have been deeply implemented. In the next stage, macroeconomic policies will continue to exert force. In the next stage, with the implementation and refinement of more proactive fiscal policies and moderately loose monetary policies, the effectiveness of policies will be further released, which will provide strong guarantees for the smooth operation of the economy. ”Fu Linghui stated. Wen Bin, Chief Economist of China Minsheng Bank, stated that the current macroeconomic policies are in a process of "sustained and timely strengthening", mainly showing gradual and bottoming out characteristics to help achieve the annual economic and social development goals and tasks. However, he mentioned that considering the increase in the base in the fourth quarter of last year after the implementation of a package of incremental policies, the policy intensity should be correspondingly increased in the next stage to maintain stable economic growth. Wang Qing believes that macro policies in the fourth quarter may introduce new incremental measures, with the core being fiscal strengthening, central bank interest rate cuts, and greater efforts to promote the real estate market to stop falling and stabilize, ensuring the smooth achievement of the annual economic growth target of "around 5.0%". (New Society)