On the 15th, the National Bureau of Statistics released data showing that in November, production and supply remained basically stable, the overall employment situation remained stable, market prices continued to improve, new quality productivity steadily developed, and the economic operation continued to maintain an overall stable and progressive development trend. Stable growth in industrial production and stable growth in the service industry. In November, the added value of industrial enterprises above designated size in China increased by 4.8% year-on-year and 0.44% month on month. From January to November, the added value of industrial enterprises above designated size in China increased by 6.0% year-on-year. According to Liao Bo, Chief Macro Analyst of Zhejiang Securities, from a production perspective, the overall production of industrial enterprises above designated size in China remained stable in November, with most industries achieving growth. The equipment manufacturing and high-tech manufacturing industries grew rapidly, while traditional manufacturing industries were optimized and upgraded. The transformation and upgrading of the industrial economy continued to advance. We believe that the pre production pace within the year has laid a relatively high foundation for the growth rate of industrial production throughout the year. The growth of service retail is accelerating, while investment in the manufacturing industry continues to grow. From January to November, the total retail sales of consumer goods increased by 4.0% year-on-year; The service retail sales increased by 5.4% year-on-year, with a growth rate 0.1 percentage points faster than from January to October. National fixed assets investment (excluding farmers) was 44403.5 billion yuan, down 2.6% year on year; Excluding real estate development investment, the national fixed assets investment increased by 0.8%. Among them, manufacturing investment increased by 1.9%. Professor Wang Xiaosong from the School of Economics at Renmin University of China believes that policy efforts have produced certain effects. Since the beginning of this year, the effects of large-scale equipment renewal policies have continued to emerge, and investment in equipment and tool purchases has grown rapidly. Despite the overall decline in investment, industrial investment has steadily grown, especially in the rapid development of high-end, intelligent, and green industries. The integration of technological innovation and industrial innovation has also achieved rapid development, with increased investment in high-tech service industries and rapid growth in some areas of people's livelihood. Fu Linghui, spokesperson for the National Bureau of Statistics, stated that overall, the national economy remained stable in November, continuing the trend of steady progress. However, there are many external unstable and uncertain factors, insufficient effective domestic demand, and economic operation faces many challenges. Wang Xiaosong said that in the medium to long term, the "15th Five Year Plan" emphasizes technological self-reliance and high-quality development, which provides a major direction for economic transformation. In the future, China's macro policies will place greater emphasis on technological innovation, empowering industries with technology and achieving high-quality economic development. (New Society)