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In the first quarter of 2024, the development of social and people's livelihood in our province has achieved a good start

author:Straits Metropolis Daily

N Haidu all-media reporter Wu Xuewei

The reporter learned from the Provincial Bureau of Statistics that in the first quarter of 2024, the province's economic operation continued to pick up and improve, high-quality development was solidly promoted, the growth of major economic indicators accelerated, and the province's GDP in the first quarter increased by 5.8% year-on-year at comparable prices, an increase of 1.3 percentage points over the previous year. The province's investment in fixed assets increased by 5.0 percent, an increase of 2.5 percentage points over the previous year, and the total retail sales of consumer goods increased by 5.9 percent, an increase of 0.9 percentage points over the previous year.

First, the cultivation of new kinetic energy and new advantages has achieved results

The advanced manufacturing industry has been picking up steadily. In the first quarter, the added value of the province's railway, shipbuilding, aerospace and other transportation equipment manufacturing industries above designated size increased by 15.2 percent year-on-year, the automobile manufacturing industry increased by 15.1 percent, the special equipment manufacturing industry increased by 12.4 percent, the computer, communication and other electronic equipment manufacturing industry increased by 10.2 percent, and the general equipment manufacturing industry increased by 8.5 percent.

The output of new products has achieved rapid growth. In the first quarter, the output of analog chips increased by 1.3 times, household room air cleaning devices increased by 85.2%, medical equipment and instruments increased by 27.0%, and optical cables increased by 24.4%.

The information service industry is growing rapidly. From January to February, the operating income of the information transmission, software and information technology services above designated size in the province increased by 25.0% year-on-year, an increase of 10.5 percentage points over the previous year.

Second, the investment structure is optimized

The growth rate of project investment has accelerated. In the first quarter, the province's project investment increased by 13.9% year-on-year, an increase of 3.2 percentage points from January to February, and an increase of 4.5 percentage points over the previous year. The proportion of project investment in total investment increased from 75.8% in January and February to 76.1% in the first quarter.

Third, upgraded intelligent consumption has achieved rapid growth

Sales of new energy vehicles are growing rapidly. In the first quarter, the retail sales of new energy vehicles above designated size in the province increased by 29.6% year-on-year, an increase of 1.6 percentage points over the previous year.

Smart goods continue to sell well. In the first quarter, the retail sales of smart household appliances and audio-visual equipment of units above designated size in the province increased by 29.1 percent, an increase of 11.2 percentage points over the previous year, and computers and their supporting products increased by 44.3 percent, an increase of 39.8 percentage points over the previous year.

Upgraded consumption has picked up significantly. In the first quarter, the retail sales of cosmetics of units above designated size in the province increased by 46.1 percent, an increase of 56.3 percentage points over the previous year, and gold, silver and jewelry increased by 6.8 percent, an increase of 15.4 percentage points over the previous year.

Fourth, the steady development of market players

The number of market entities above designated size continues to increase. In the first quarter, the province had a total of 3,333 new "four-up" enterprises, a net increase of 1,246, and a total of 73,024 "four-up" enterprises in the province at the end of March.

The growth rate of private industry has accelerated. In the first quarter, the added value of private industries above the designated size in the province increased by 6.2%, an increase of 2.7 percentage points over the whole year of the previous year, and an increase of 1.2 percentage points from January to February, accounting for 61.2% of the added value of the province's industrial enterprises above the designated size.

The flow of elements is more active. Driven by the increase in Spring Festival passengers and the gradual resumption of international routes, the operating income of the province's transportation, warehousing and postal services above designated size increased by 17.1% year-on-year from January to February, of which the air transport industry increased by 35.8% year-on-year.

Fifth, the retail sales of consumer goods grew steadily

In the first quarter, all levels and departments in the province actively launched a series of policies and measures to promote consumption, and the consumer goods market operated smoothly, with the total retail sales of consumer goods in the province reaching 604.92 billion yuan, a year-on-year increase of 5.9%, and a growth rate of 0.9 percentage points higher than that in 2023.

Food and beverage consumption remained relatively hot. The festival effect and the spring dinner boom have injected vitality into the market, and the catering market is relatively prosperous. In the first quarter, the province's catering revenue increased by 8.3% year-on-year, 2.6 percentage points higher than the retail sales of goods.

The growth rate of online retail has accelerated. In the first quarter, the online retail sales of units above designated size increased by 11.7% year-on-year, an increase of 5.6 percentage points over 2023.

Basic living commodities grew rapidly. In the first quarter, the retail sales of grain, oil and food commodities of units above designated size in the province increased by 9.6% year-on-year, an increase of 4.9 percentage points over 2023, clothing, shoes, hats, needles and textiles increased by 9.0%, an increase of 4.0 percentage points over 2023, and daily necessities increased by 12.5%, an increase of 6.1 percentage points over 2023.

"She economy" has become a major highlight of consumption. In the first quarter, major e-commerce platforms and offline stores held various promotional activities for women, and the growth rate of jewelry and cosmetics accelerated, with the retail sales of cosmetics products of units above designated size increasing by 46.1% year-on-year, an increase of 56.3 percentage points over 2023, and gold, silver and jewelry increasing by 6.8%, an increase of 15.4 percentage points over 2023.

Smart products are popular. Commodity intelligence has become the mainstream of the consumer market, and all kinds of smart audio-visual products, smart home products, and smart communication products are widely sought after. In the first quarter, the retail sales of smart household appliances and audio-visual equipment of units above designated size increased by 29.1 percent year-on-year, smartphones increased by 11.2 percent, and computers and their ancillary products increased by 44.3 percent.

Sixth, the supply of factors is strong

The power supply is relatively sufficient. In the first quarter, the electricity generation of the whole society was 76.463 billion kWh, an increase of 13.3 percent year-on-year, and the electricity consumption of the whole society was 70.812 billion kWh, an increase of 11.7 percent, of which the industrial electricity consumption was 43.941 billion kWh, an increase of 13.0 percent.

Financial deposits and loans were generally stable. At the end of March, the balance of deposits in local and foreign currencies of financial institutions in the province was 8,504.041 billion yuan, up by 6.5 percent year-on-year, and the balance of loans in local and foreign currencies was 8,384.381 billion yuan, up by 6.1 percent.

Seventh, people's livelihood to make up for shortcomings has been steadily advanced

Fiscal expenditure on people's livelihood maintained steady growth. In the first quarter, the province's transportation expenditure increased by 36.6 percent year-on-year, environmental protection expenditure increased by 27.4 percent, housing security expenditure increased by 12.7 percent, and urban and rural community affairs expenditure increased by 11.9 percent.

Investment in some areas of people's livelihood has grown rapidly. In the first quarter, the province's investment in agriculture, forestry, animal husbandry and fishery increased by 42.5 percent year-on-year, education investment increased by 36.4 percent, investment in residential services, repair and other services increased by 29.2 percent, and investment in electricity, heat, gas and water production and supply increased by 23.4 percent.

Relevant people from the Provincial Bureau of Statistics pointed out that on the whole, the main economic indicators of the province maintained stable and rapid growth in the first quarter, the cultivation of new growth momentum accelerated, and the economy continued to rebound. However, the current external environment is still complex and severe, uncertainty is rising, and some industries and some areas are under great pressure to stabilize growth. In the next stage, it is necessary to persist in seeking progress while maintaining stability, promoting stability through progress, establishing first and then breaking through, and strive to consolidate and enhance the positive trend of economic recovery.

Editor: Xiao Xiao