China's economy got off to a good start in the first quarter

　　China-Singapore Jingwei, April 16 -- The National Bureau of Statistics reported on the 16th that the national economy achieved a good start in the first quarter.

　　According to the National Bureau of Statistics, preliminary calculations show that the GDP in the first quarter was 296299 billion yuan, a year-on-year increase of 5.3% at constant prices, and a quarter-on-quarter increase of 1.6% over the fourth quarter of last year. By industry, the added value of the primary industry was 1,153.8 billion yuan, up by 3.3 percent year-on-year, the added value of the secondary industry was 109846 billion yuan, up by 6.0 percent, and the added value of the tertiary industry was 174915 billion yuan, up by 5.0 percent.

First, the situation of agricultural production is good, and animal husbandry is developing steadily

In the first quarter, the added value of agriculture (planting) increased by 3.8% year-on-year. The sown area of winter wheat remained stable, the growth was generally good, and spring plowing and spring sowing were carried out in a stable and orderly manner. According to the national planting intention survey, the intended sowing area of rice and corn has increased. In the first quarter, the output of pigs, cattle, mutton and poultry was 24.9 million tons, a year-on-year increase of 1.4 percent, of which the output of pork decreased by 0.4 percent, the output of beef, mutton and poultry increased by 3.6 percent, 0.1 percent and 6.1 percent respectively, the output of milk increased by 5.1 percent, and the output of poultry eggs increased by 1.5 percent. At the end of the first quarter, there were 408.5 million live pigs, down 5.2% year-on-year, and in the first quarter, 194.55 million live pigs were slaughtered, down 2.2%.

Second, industrial production has grown rapidly, and the growth of high-tech manufacturing has accelerated

In the first quarter, the added value of industrial enterprises above designated size increased by 6.1 percent year-on-year. In terms of the three major categories, the added value of the mining industry increased by 1.6 percent, the manufacturing industry increased by 6.7 percent, and the production and supply of electricity, heat, gas and water increased by 6.9 percent. The added value of high-tech manufacturing increased by 7.5 percent, 2.6 percentage points faster than the fourth quarter of last year. By economic type, the added value of state-controlled enterprises increased by 5.2 percent, joint-stock enterprises by 6.5 percent, foreign-funded enterprises and enterprises with investment from Hong Kong, Macao and Taiwan increased by 4.8 percent, and private enterprises by 5.4 percent. In terms of products, the output of charging piles, 3D printing equipment and electronic components increased by 41.7%, 40.6% and 39.5% respectively year-on-year. In March, the added value of industrial enterprises above designated size increased by 4.5 percent year-on-year and decreased by 0.08 percent month-on-month. In March, the purchasing managers' index of the manufacturing industry was 50.8 percent, up 1.7 percentage points from the previous month, and the expected index of production and business activities of enterprises was 55.6 percent, up 1.4 percentage points. From January to February, the total profit of industrial enterprises above designated size reached 914.1 billion yuan, a year-on-year increase of 10.2 percent.

Third, the growth trend of the service industry is relatively good, and the modern service industry is growing rapidly

In the first quarter, the added value of the service industry increased by 5.0% year-on-year. Among them, the added value of information transmission, software and information technology services, leasing and business services, transportation, warehousing and postal services, accommodation and catering, and wholesale and retail trade increased by 13.7 percent, 10.8 percent, 7.3 percent, 7.3 percent, and 6.0 percent respectively. In March, the national service industry production index increased by 5.0% year-on-year. Among them, the production index of information transmission, software and information technology services, leasing and business services, and accommodation and catering services increased by 12.7%, 8.2%, and 6.2% respectively. From January to February, the operating income of service enterprises above designated size increased by 12.0 percent year-on-year, 3.7 percentage points faster than that of the previous year. In March, the business activity index of the service sector was 52.4 percent, up 1.4 percentage points from the previous month, and the business activity expectation index was 58.2 percent. Among them, the business activity index of postal, telecommunications, radio and television and satellite transmission services, monetary and financial services, capital market services and other industries was higher than 60.0%.

Fourth, the market sales have grown steadily, and the service consumption has grown rapidly

In the first quarter, the total retail sales of consumer goods 120327 billion yuan, a year-on-year increase of 4.7%. In terms of the location of business units, the retail sales of urban consumer goods were 10,428 billion yuan, up by 4.6 percent, and the retail sales of rural consumer goods were 1,604.7 billion yuan, up by 5.2 percent. In terms of consumption type, retail sales of goods 106882 100 million yuan, up by 4.0 percent, and catering revenue reached 1,344.5 billion yuan, up by 10.8 percent. The sales of basic daily necessities were good, and the retail sales of grain, oil, food, and beverages of units above designated size increased by 9.6 percent and 6.5 percent respectively. The sales of some upgraded commodities grew rapidly, and the retail sales of sports and entertainment goods and communication equipment of units above designated size increased by 14.2 percent and 13.2 percent respectively. The national online retail sales were 3,308.2 billion yuan, a year-on-year increase of 12.4 percent. Among them, the online retail sales of physical goods were 2,805.3 billion yuan, an increase of 11.6 percent, accounting for 23.3 percent of the total retail sales of consumer goods. In March, the total retail sales of consumer goods increased by 3.1% year-on-year and 0.26% month-on-month. In the first quarter, retail sales of services increased by 10.0% year-on-year.

Fifth, investment in fixed assets has risen steadily, and investment in high-tech industries has grown rapidly

In the first quarter, the national investment in fixed assets (excluding rural households) 100042 billion yuan, up 4.5 percent year-on-year, 1.5 percentage points faster than that of the previous year, and after deducting investment in real estate development, the national investment in fixed assets increased by 9.3 percent. By sector, infrastructure investment increased by 6.5 percent, manufacturing investment increased by 9.9 percent, and real estate development investment fell by 9.5 percent. The sales area of newly built commercial buildings nationwide was 226.68 million square meters, down 19.4 percent year-on-year, and the sales of newly built commercial buildings were 2,135.5 billion yuan, down 27.6 percent. By industry, investment in the primary industry increased by 1.0 percent, investment in the secondary industry increased by 13.4 percent, and investment in the tertiary industry increased by 0.8 percent. Private investment increased by 0.5 percent, and excluding investment in real estate development, private investment increased by 7.7 percent. Investment in high-tech industries increased by 11.4 percent year-on-year, of which investment in high-tech manufacturing and high-tech services increased by 10.8 percent and 12.7 percent respectively. Among the high-tech manufacturing industries, investment in aerospace and equipment manufacturing and computer and office equipment manufacturing increased by 42.7 percent and 11.8 percent respectively, while investment in high-tech services increased by 24.6 percent and 16.9 percent respectively in e-commerce services and information services. In March, investment in fixed assets (excluding rural households) increased by 0.14% month-on-month.

6. The import and export of goods grew steadily, and the trade structure continued to be optimized

In the first quarter, the total import and export value of goods was 101693 billion yuan, a year-on-year increase of 5.0%. Among them, exports were 5,737.8 billion yuan, up by 4.9 percent, and imports were 4,431.5 billion yuan, up by 5.0 percent. Imports and exports offset each other, with a trade surplus of 1,306.3 billion yuan. The import and export of private enterprises increased by 10.7 percent, accounting for 54.3 percent of the total import and export. Imports and exports to the Belt and Road countries increased by 5.5 percent, accounting for 47.4 percent of the total imports and exports. Exports of mechanical and electrical products increased by 6.8 percent, accounting for 59.2 percent of total exports. In March, the total import and export volume was 3,558 billion yuan, down 1.3 percent year-on-year. Among them, exports were 1,986.9 billion yuan, down by 3.8 percent, and imports were 1,571 billion yuan, up by 2.0 percent.

7. Consumer prices were generally stable, while prices for industrial producers declined

In the first quarter, the national consumer price index (CPI) was flat year-on-year. By category, the prices of food, tobacco and alcohol decreased by 1.7 percent, clothing by 1.6 percent, housing by 0.2 percent, daily necessities and services by 0.8 percent, transportation and communications by 1.4 percent, education, culture and entertainment by 2.3 percent, medical care by 1.4 percent, and other articles and services by 2.9 percent. Among the prices of food, tobacco and liquor, the price of fresh fruits decreased by 7.3 percent, the price of pork decreased by 7.0 percent, the price of fresh vegetables decreased by 3.9 percent, and the price of grain rose by 0.4 percent. Core CPI, which excludes food and energy prices, rose 0.7% year-on-year. In March, the national consumer price rose by 0.1 percent year-on-year and fell by 1.0 percent month-on-month.

　　In the first quarter, the ex-factory prices of industrial producers nationwide fell by 2.7% year-on-year. Among them, the March fell by 2.8% year-on-year and 0.1% month-on-month. In the first quarter, the purchase price of industrial producers fell by 3.4% year-on-year. Among them, the year fell by 3.5% year-on-year and 0.1% month-on-month in March.

8. The employment situation was generally stable, and the surveyed unemployment rate in urban areas dropped slightly

　　In the first quarter, the average surveyed unemployment rate in urban areas nationwide was 5.2 percent, down 0.3 percentage points from the same period last year. In March, the surveyed urban unemployment rate was 5.2 percent, down 0.1 percentage points from the previous month and the same month last year. The surveyed unemployment rate of the local registered labor force was 5.3%, and the surveyed unemployment rate of the non-resident labor force was 5.1%, of which the surveyed unemployment rate of the non-resident agricultural registered labor force was 5.0%. The surveyed unemployment rate in 31 large cities and towns was 5.1 percent. The average weekly working hours of employees in enterprises nationwide is 48.6 hours. At the end of the first quarter, the total number of migrant rural laborers was 185.88 million, a year-on-year increase of 2.2%.

9. Residents' incomes have grown steadily, and the incomes of rural residents have grown faster than those of urban residents

In the first quarter, the per capita disposable income of residents nationwide was 11,539 yuan, a nominal increase of 6.2 percent year-on-year, and a real increase of 6.2 percent after deducting price factors. In terms of permanent residence, the per capita disposable income of urban residents was 15,150 yuan, up by 5.3 percent in nominal terms and 5.3 percent in real terms, while the per capita disposable income of rural residents was 6,596 yuan, up by 7.6 percent in nominal terms and 7.7 percent in real terms. In terms of sources of income, the per capita wage income, net operating income, net property income, and net transfer income of residents nationwide increased by 6.8 percent, 6.8 percent, 3.2 percent, and 4.8 percent respectively in nominal terms. The median per capita disposable income of residents nationwide was 9,462 yuan, a nominal increase of 6.4 percent year-on-year.

　　On the whole, the national economy made a good start in the first quarter, and the accumulation of positive factors increased, laying a good foundation for achieving the goals and tasks for the whole year. However, it should also be noted that the complexity, severity and uncertainty of the external environment have risen, and the foundation for economic stability and improvement is not yet solid. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, pay close attention to the detailed implementation of the spirit of the Central Economic Work Conference and the National "Two Sessions", adhere to the principle of seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down, completely, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, strive to promote high-quality development, actively cultivate and develop new quality productive forces, increase the implementation of macro policies, and effectively enhance economic vitality, prevent and resolve risks. We will improve social expectations, consolidate and enhance the positive trend of economic recovery, and continue to promote the economy to achieve qualitative and effective improvement and reasonable quantitative growth. (Sino-Singapore Jingwei APP)