On March 18, the State Council Information Office held a press conference. Liu Aihua, spokesperson of the National Bureau of Statistics, chief economist, and director of the Department of Comprehensive Statistics of the National Economy, introduced the performance of the national economy from January to February 2024.

Liu Aihua said that in January and February 2024, as the effects of macro-portfolio policies continue to be released, the endogenous momentum of the economy continues to be restored, production demand is stable and rising, the employment situation is generally stable, consumer prices have turned from falling to rising year-on-year, and the quality of development has continued to improve., the economic operation started smoothly and continued the upward trend.

Data show that from January to February, the added value of industries above designated size actually increased by 7.0% year-on-year. From a month-on-month perspective, in February, the added value of industries above designated size increased by 0.56% compared with the previous month.

Looking at three major categories, from January to February, the added value of the mining industry increased by 2.3% year-on-year, the manufacturing industry increased by 7.7%, and the electricity, heat, gas and water production and supply industries increased by 7.9%.

分行业看，1—2月份，41个大类行业中有39个行业增加值保持同比增长。其中，涉矿主要行业利润情况如下：煤炭开采和洗选业增长1.4%** , the oil and natural gas extraction industry grew by 3.0%, the metal mineral products industry grew by 3.9%, and the ferrous metal smelting and rolling processing industry grew **8.7%，有色金属冶炼和压延加工业增长12.5%。

分产品看，1—2月份，619种产品中有418种产品产量同比增长。涉矿主要产品利润情况如下：钢材21343万吨，同比增长** 7.9%; cement was 182.8 million tons, down 1.6%; ten non-ferrous metals were 12.77 million tons, an increase **5.7%；原油加工量11876万吨，增长3.0%。

Energy production，规模以上工业（以下简称规上工业）原煤生产有所下降，原油、天然气、电力生产稳定增长。

Raw coal production declined, and imports grew rapidly. 1-2 In March, industrial raw coal output above designated size was 710 million tons, a year-on-year decrease of 4.2%. Imported coal was 74.52 million tons, a year-on-year increase of 22.9%, and continued to maintain rapid growth.

Crude oil production grew steadily and import growth accelerated. 1-2 In March, industrial crude oil output above designated size was 35.11 million tons, a year-on-year increase of 2.9%. Imported crude oil was 88.31 million tons, a year-on-year increase of 5.1%, and the growth rate was 4.5 percentage points faster than in December last year.

The growth rate of natural gas production accelerated, and imports maintained rapid growth. 1-2 In March, industrial natural gas output above designated size was 41.7 billion cubic meters, a year-on-year increase of 5.9%. Imported natural gas was 22.1 million tons, a year-on-year increase of 23.6%, and the growth rate slowed down by 0.1 percentage points compared with December last year.

In terms of fixed asset investment, from January to February 2024, national fixed asset investment (excluding farmers) was 5.0847 billion yuan, a year-on-year increase of 4.2%. On a month-on-month basis, fixed asset investment (excluding farmers) increased by 0.88% in February. From January to February 2024, private fixed asset investment was 2.6753 billion yuan, a year-on-year increase of 0.4%.

Industrial investment in the secondary industry increased by 11.9% year-on-year. Among them, investment in the mining industry increased by 14.4%.

Wang Xin, chief statistician of the Industry Department of the National Bureau of Statistics, said in his interpretation of industrial production data from January to February that overall, industrial production rebounded well in January to February, and the cultivation of new industrial productivity accelerated. However, we must also note that the current international situation is still complex and severe. Problems such as insufficient effective demand and high pressure on corporate profits still need to be effectively dealt with, and the foundation for the recovery of the industrial economy needs to be further consolidated. In the next stage, we must continue to implement the relevant deployment requirements of the Party Central Committee and the State Council, implement high-quality development requirements throughout the entire process of new industrialization, focus on emerging industries and future industries, comprehensively improve independent innovation capabilities, and promote the continuous and accelerated formation of new industrial productivity.

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