Statistical data released on March 19 shows Yunnan Province's economic performance for January to February. During the first two months, the province's electricity production and consumption maintained growth. Solar power generation reached 8.628 billion kilowatt-hours, representing a year-on-year increase of 29.1%.
Industrial production in Yunnan showed a moderate slowdown. The value-added of industries above the designated size declined by 0.5% compared to the same period last year. By sector, mining output decreased by 9.5%, manufacturing dropped by 0.9%, while production and supply of electricity, heat, gas, and water increased by 4.3%. The equipment manufacturing sector grew by 5.2%, and high-tech manufacturing rose by 3%, outpacing the overall industrial growth by 5.7 and 3.5 percentage points, respectively. Non-tobacco and non-energy industries saw a 5% increase in value-added, exceeding the overall industrial growth by 5.5 percentage points.
Total power generation from industries above the designated size amounted to 62.015 billion kilowatt-hours, up 3.1% year-on-year. By energy source, thermal power generation fell by 23% to 7.747 billion kilowatt-hours, hydropower increased by 5.8% to 37.081 billion kilowatt-hours, wind power grew by 2.3% to 8.559 billion kilowatt-hours, and solar power surged by 29.1% to 8.628 billion kilowatt-hours. Clean energy accounted for 87.5% of total power generation, up 4.5 percentage points from the previous year. Coal output reached 8.76 million tons, while crude oil processing volume stood at 1.28 million tons.
On the consumption side, comprehensive energy consumption and electricity usage by industries above the designated size rose by 11.3% and 8%, respectively, increasing by 12.2 and 6.6 percentage points compared to the same period last year. Overall electricity consumption in the society grew by 7.5%, though it decreased by 0.3 percentage points year-on-year.
Yunnan's investment structure continued to optimize. Fixed-asset investment excluding rural households fell by 7.7% in the first two months. By industry, investment in the primary sector increased by 7.6%, while the secondary and tertiary sectors declined by 10.2% and 7.8%, respectively. Industrial investment dropped by 4.2%, narrowing by 0.9 percentage points from the full-year decline of the previous year. Real estate development investment decreased by 1.8%, with the decline narrowing by 1.1 percentage points.
Additional data indicated that Yunnan's total retail sales of consumer goods reached 196.642 billion yuan, down 1.2% year-on-year. The consumer price index rose by 0.6%, with a 0.2% increase in January and a 0.9% increase in February. The producer price index for industrial products increased by 3.6%.
According to the provincial statistics bureau, Yunnan's economy maintained overall stability in the first two months, with continued progress in structural adjustment and transformation. However, traditional advantageous sectors provided weaker support, while new growth drivers and advantages developed slower than expected. Major indicators faced downward pressure, indicating that sustained economic recovery requires further efforts to enhance efficiency. In the next phase, Yunnan will focus on maintaining stability, improving quality, and promoting efficiency, with emphasis on project implementation, stable growth, and development to achieve qualitative improvement and reasonable quantitative growth.