The reporter learned from the Big Data Development Department of the National Information Center of the National Development and Reform Commission that from January to February this year, multiple high-frequency data such as consumption and investment have rebounded. In terms of consumption, commodity consumption and service consumption increased by 5.7% and 1.1% respectively year-on-year. In terms of investment, the physical workload indicators such as the construction machinery operating rate have significantly improved. The number of capital investment events in cutting-edge fields such as advanced manufacturing and artificial intelligence has increased significantly year-on-year. Consumer big data shows that offline consumption vitality is steadily released. The offline payment amount for various types of consumption in January and February increased by 3.8% year-on-year, an increase of 2.9 percentage points compared to December last year. Among them, the consumption of goods and services increased by 5.7% and 1.1% year-on-year, respectively, an increase of 4.4 and 0.7 percentage points compared to December. This trend can also be reflected in the "Money Bar" data, which reflects the consumption heat of small and micro merchants. According to the data from "Collect Money", the payment amount in January and February increased by 5.5% year-on-year, an increase of 5.1 percentage points compared to December. Specifically, commodity consumption increased by 6.4% year-on-year, an increase of 7.5 percentage points from December. Among them, consumption of clothing, home building materials, and household appliances increased by 25.1%, 10.8%, and 8.6% year-on-year, respectively, an increase of 16.3, 12.5, and 4.1 percentage points from December; Service consumption increased by 5.0% year-on-year, an increase of 3.7 percentage points compared to December. Among them, consumption of elderly care and childcare, life services, transportation, etc. increased by 33.4%, 8.6%, and 8.6% year-on-year, respectively, an increase of 9.7, 7.5, and 7.5 percentage points compared to December. Low consumption of automobiles and household appliances has improved. According to data from the Passenger Car Market Information Joint Branch of the China Association of Automobile Dealers, as of February 8th, the retail sales of passenger cars in China have decreased by 7.0% year-on-year, narrowing the decline by 7.0 percentage points compared to December. The online retail sales of major home appliance categories in January and February decreased by 4.5% year-on-year, a significant reduction of 15.4 percentage points compared to December. The government work report has placed expanding domestic demand as the top priority for two consecutive years. This year's government work report proposes to boost consumption by stimulating residents' endogenous consumption power and implementing policies to promote consumption. Shen Danyang, Director of the Research Office of the State Council, recently stated at a press conference of the State Council Information Office that the good momentum of residents' consumption growth this year has been evident in the first two months, especially during the Spring Festival holiday. The national consumer market is very hot, with various highlights, and the daily sales revenue of related industries has increased by 13.7% compared to last year's Spring Festival holiday. In terms of investment, some physical workload indicators such as construction machinery operating rate have significantly improved. In January and February, the operating rates of construction machinery such as concrete equipment, lifting equipment, and road equipment increased by 5.2, 2.2, and 0.2 percentage points year-on-year, respectively. The operating rate of cement mills increased by 8.7 percentage points year-on-year; The apparent consumption of steel increased by 4.2% year-on-year, with an increase of 12.2 percentage points compared to December. The ability to attract investment in cutting-edge fields is outstanding. In January and February, the winning bid amount for projects related to the construction of new infrastructure such as computing power centers and backbone networks, as well as software and hardware development, increased by 25.7% year-on-year. The number of capital investment events in cutting-edge fields such as advanced manufacturing and artificial intelligence increased by 59.5% year-on-year, and the amount increased by 60.5% year-on-year. Since the beginning of this year, various stable investment policies have been precisely implemented, various projects have been continuously promoted, and the physical workload has accelerated. In particular, cutting-edge fields such as digital economy, advanced manufacturing, and artificial intelligence have outstanding investment absorption capabilities, providing important support for expanding domestic demand, stabilizing growth, and promoting transformation. ”Xing Yuguan, Deputy Researcher at the Big Data Development Department of the National Information Center of the National Development and Reform Commission, said. (New Society)