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This press conference in our state is very informative!

author:Yunnan Honghe release

On April 24, the Information Office of the State People's Government held a press conference on the operation of the national economy in Honghe Prefecture in the first quarter of 2024 to introduce the relevant situation and answer questions from reporters.

This press conference in our state is very informative!

Photo by Shang Qiuyuan at the press conference

Recent

The State Bureau of Statistics released the first quarter of this year in Red River State

The main indicators of economic operation

Overall

The state's economic operation is stable and improving

Get off to a good start

The first quarter was completed in Red River State

The regional GDP was 68.718 billion yuan

Year-on-year growth of 5.9%

Agricultural production is generally stable -

In the first quarter, the total output value of agriculture, forestry, animal husbandry, fishery and service industries in the state reached 9.99 billion yuan, a year-on-year increase of 3.1%.

This press conference in our state is very informative!

Mengzi Caoba Modern Agricultural Base Photo by Shen Yajie

The output of vegetables and fruits reached 1,210,100 tons and 376,500 tons, a year-on-year increase of 3.5% and 7.7% respectively, the output of fresh cut flowers was 396 million, a year-on-year increase of 2%, and the output of Chinese medicinal materials was 11,300 tons, a year-on-year increase of 4.1%. The total output of meat was 142,000 tons, down 2.1% year-on-year, of which: pork output was 108,800 tons, down 2.9% year-on-year. Milk production increased by 9.9% year-on-year, and egg production increased by 4.6% year-on-year. The number of live pigs was 2,838,400, down 4.7% year-on-year, and the number of live pigs was 1,160,800, down 4.9% year-on-year.

The industrial economy is recovering relatively well -

In the first quarter, the added value of industrial enterprises above the designated size in the state increased by 6.7% year-on-year.

This press conference in our state is very informative!

Yunnan tin smelter in Mengzi Economic and Technological Development Zone

All three major sectors saw growth to varying degrees: mining by 15.5 percent year-on-year, manufacturing by 4.8 percent year-on-year, and electricity, gas and water production and supply by 14.2 percent year-on-year.

Energy security is strong and effective——

In the first quarter, the state's industrial enterprises above designated size generated 7.027 billion kilowatt hours, a year-on-year increase of 26.6%.

This press conference in our state is very informative!

Construction of a hydropower photovoltaic power station Photo by Lu Wei

Among them, hydropower generation was 682 million kWh, a year-on-year increase of 4.4%, thermal power generation was 3.135 billion kWh, a year-on-year decrease of 13.2%, wind power generation was 3.017 billion kWh, a year-on-year increase of 171%, and solar power generation was 193 million kWh, a year-on-year increase of 11.6%.

The growth trend of key service industries is relatively good——

From January to February, the overall operating income of the state's key service industries above designated size (staggered monthly indicators) was 373 million yuan, a year-on-year increase of 15.6%.

This press conference in our state is very informative!

The first order of the China-Myanmar multimodal transport "one-order system" arrived in the Honghe Comprehensive Bonded Zone

Among them, the operating income of software and information technology services, Internet and related services, scientific research and technical services, leasing and business services increased by 73.8 percent, 16.5 percent, 25.8 percent and 17.5 percent respectively year-on-year, and the operating income of culture, sports and entertainment, multimodal transport and transportation agency, and loading and unloading and warehousing increased by 24.9 percent, 25.7 percent and 61.3 percent respectively year-on-year.

Steady growth in investment in fixed assets——

In the first quarter, the state's fixed asset investment increased by 8.8% year-on-year.

This press conference in our state is very informative!

Our state's first county-level digital economy platform was released by Li Shizhen

Among the completed investments, industrial investment and private investment accounted for 64.1 percent and 62.5 percent, and key industries such as agriculture, industry, tourism, and digital economy all achieved growth to varying degrees.

Market consumption continues to recover——

In the first quarter, the total retail sales of consumer goods in the state reached 26.901 billion yuan, a year-on-year increase of 4.6%.

This press conference in our state is very informative!

Kaiyuan Nanzheng Street photo by Tao Jiaqi

In terms of the location of business units, the retail sales of urban consumer goods were 21.96 billion yuan, up 4.6 percent year-on-year, and the retail sales of rural consumer goods were 4.941 billion yuan, up 4.9 percent year-on-year. In terms of consumption patterns, catering revenue was 2.961 billion yuan, up 13.2 percent year-on-year, and retail sales of goods were 23.94 billion yuan, up 3.7 percent year-on-year.

In terms of the categories of goods sold by units above designated size, the basic living consumption grew steadily, with grain, oil, food, and beverages increasing by 12.8 percent and 8.1 percent respectively year-on-year; the consumption of upgraded consumer goods was relatively active, with cosmetics, gold, silver, jewelry, and sports and entertainment goods increasing by 9.4 percent, 21.4 percent, and 33.7 percent year-on-year, respectively; and sales of new energy vehicles increasing by 23.9 percent year-on-year.

Steady growth of residents' income——

In the first quarter, the per capita disposable income of residents in the state was 6,825 yuan, a year-on-year increase of 4.9%.

This press conference in our state is very informative!

Rice and fish harvest photo by Long Jun

In terms of permanent residence, the per capita disposable income of urban residents was 9,861 yuan, up by 3.7 percent, and the per capita disposable income of rural residents was 4,538 yuan, up by 7 percent. The statewide consumer price index (CPI) fell 0.8% year-on-year.

The whole state will consistently adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China and the spirit of the central, provincial and state economic work conferences, anchor the annual economic and social development goals, adhere to the general tone of the work of seeking progress while maintaining stability, pay close attention to the implementation of various policies and work measures, and vigorously develop the resource economy, park economy, Port economy, accelerate economic transformation and upgrading, continue to optimize the business environment, vigorously boost market confidence, consolidate the trend of economic recovery month by month, and lay a solid foundation for the state's high-quality economic growth.

There will also be a Q&A with these highlights at the press conference

Let's take a look

This press conference in our state is very informative!

The State Bureau of Statistics released economic data for the first quarter, and Honghe State had a "good start" in the first quarter. What are the main benefits?

In the first quarter of this year, the state's economic operation continued to improve since 2022, and achieved the goal of "getting off to a good start" set by the state party committee and state government at the beginning of the year. The main "good" is in 4 aspects.

First, the good thing is that the situation is stable. In the first quarter, Honghe Prefecture's GDP grew by 5.9%, continuing the continuous positive trend since 2022. GDP grew by 2.1% for the full year of 2022, 3.2% for the full year of 2023, and 5.9% for the quarter, achieving the best level since 2022 in the quarter.

The second is that the good thing is that "kinetic energy is enough". From the perspective of supply, the primary, secondary and tertiary industries increased by 3.1%, 6.8% and 5.8% respectively, and contributed 5.3%, 43% and 51.7% to GDP growth respectively. From the perspective of demand, investment in fixed assets increased by 8.8 percent, and the total retail sales of consumer goods increased by 4.6 percent, and a virtuous cycle of investment and consumption was accelerated.

The third is that it is good at "high quality and efficiency". From the perspective of enterprises, from January to February, the operating income of industrial enterprises above the designated size in the state increased by 10.5%, and the total profits and taxes increased by 8.2%. In terms of residents, the per capita disposable income of residents in the whole state increased by 4.9 percent in the first quarter, of which the per capita disposable income of rural residents increased by 7 percent.

Fourth, it is good that the county is strong. In the first quarter, 11 of the 13 counties and cities in the state had a growth rate higher than 5%, including: Hekou increased by 12%, Gejiu increased by 8.1%, Luchun increased by 6.8%, Yuanyang increased by 6.1%, Luxi increased by 5.9%, Kaiyuan and Pingbian increased by 5.7%, Shiping and Honghe increased by 5.4%, Jianshui increased by 5.2%, and Maitreya increased by 5%, which strongly supported the stable economic growth of the state.

In 2024, the economic development of Honghe Prefecture is still in a critical period of structural adjustment and kinetic energy transformation, with many challenges and more opportunities. We have the confidence, conditions and ability to promote the continuous improvement of the state's economic structure, the continuous enhancement of growth momentum, and the continuous improvement of development momentum.

In the first quarter of 2024, the industrial economy of Honghe Prefecture will operate better than that of the whole country and the province. What are the new achievements and highlights of Honghe Prefecture's industrial transformation and upgrading?

In the first quarter, the total industrial added value reached 19.77 billion yuan, an increase of 5.8 percent, an increase of 6.1 percentage points over the same period, and the state's industrial economy made steady progress and achieved a good start; industry accounted for 28.8 percent of GDP, contributing 27.6 percent to GDP growth, and the role of industrial economy as a ballast stone and stabilizer was further consolidated. There are two main highlights.

Industrial production continues to accelerate. In the first quarter, the growth rate of industrial added value above designated size reached 6.7%, and the growth rate in the past 21 months was 3.9 percentage points faster than that in the fourth quarter of last year, continuing to maintain a positive momentum. The added value of the manufacturing industry increased by 4.8 percent, an increase of 1 percentage point over the fourth quarter of last year, the production and supply of electricity, heat, gas and water increased by 14.2 percent, an increase of 12.7 percentage points, and the mining industry increased by 15.5 percent, an increase of 19.5 percentage points. The four major industries of nonferrous metals, electric power, coal and chemical industry achieved double-digit rapid growth of 11.5%, 15.4%, 15.1% and 14.7% respectively.

The development of green aluminum and green silicon industry chain clusters has achieved remarkable results. Closely focus on the 12 key industrial chains, extend the chain, supplement the chain and strengthen the chain, continue to promote the development of industrial chain aggregation, and accelerate the construction of a modern industrial system with Honghe characteristics. The first phase of Yunnan Honghe's 1.93 million tons of low-carbon aluminum project has been fully started, and upstream and downstream supporting enterprises have signed contracts to settle in, and the green and low-carbon high-end aluminum industry is moving towards clustering; the first phase of Meike's 48GW monocrystalline silicon project has been completed and put into operation, and the supporting Bond quartz crucible project has been put into operation simultaneously, and the green silicon photovoltaic industry has developed from scratch.

In the first quarter, the state's industrial economy got off to a good start. In the next step, we will adhere to the general tone of the work of seeking progress while maintaining stability, resolutely deploy in accordance with the arrangements of the state party committee and the state government, accelerate the large-scale equipment renewal action of the manufacturing industry, realize the technological upgrading of the industrial field and the high-end, intelligent and green transformation of the manufacturing industry, accelerate the cultivation of new quality productivity, promote the steady growth of the state's industrial economy, and strive to complete the expected goals for the whole year.

This year is the year of consumption promotion, and the first quarter has passed, what is the overall operation of the state's commercial and trade economy, and what are the characteristics? How will the work of promoting consumption be carried out in the next step?

In the first quarter, the state's economy got off to a good start, and the operation of the commercial and trade economy also showed an overall stable trend, making a positive contribution to promoting the sustained economic recovery.

In the first quarter, the state's total retail sales of consumer goods increased by 4.6%. The four industries of wholesale and small meals increased by 23.0%, 7.4%, 11% and 15.4% respectively, contributing 32.5% to the state's GDP and driving GDP growth by 1.9 percentage points, providing strong support for the state's economic growth.

The characteristics of the consumer market can be summarized in three aspects.

First, bulk consumption has grown rapidly. The state's business system focuses on advantageous industries and resources, separates the main and auxiliary key enterprises, helps the smooth switching of the two markets at home and abroad, and builds a service environment of "the government revolves around the enterprise and the enterprise does something immediately", fully activates the vitality of the enterprise, and realizes the stable and rapid growth of the bulk market.

Second, the consumption of some upgraded goods is active. Consumers' demand for high-quality and abundant "experiential" consumption increased significantly, and the retail sales of sports and entertainment goods, books, newspapers and magazines, and gold, silver and jewelry increased by 33.7%, 44.9% and 21.4% respectively.

Third, there is a strong demand for service consumption. The holiday economy performed strongly, residents' consumption demand was released intensively, and service consumption maintained rapid growth. In the first quarter, the operating income of the catering industry in the state increased by 15.4% year-on-year, which was 2.6 percentage points higher than that of the province (12.8%) and 4.6 percentage points higher than that of the whole country (10.8%).

This year is the year of consumption promotion, in accordance with the national, provincial and state unified deployment of consumer goods trade-in, next we will focus on solving the blocking and difficult problems in the circulation field, refine the work measures, and fully implement the trade-in action of automobiles, home appliances and home furnishings with the two-wheel drive of "policy + activity", and gradually establish a recycling system for old consumer goods that is "easier to go to the old and more willing to renew", so as to promote consumption from post-epidemic recovery to continuous expansion.

In terms of activities, we will integrate the trade-in of consumer goods with the continuous building of the brand of "Honghe Prefecture Four Seasons to Promote Consumption", and carry out themed activities every quarter. In terms of activity organization, we will adhere to three highlights, one is to highlight the festival season, such as the upcoming "May Day" holiday, the weather is gradually hot, we will organize a series of activities on the theme of home appliances and furniture to promote consumption, the activity will continue until the end of June, during the event, the majority of consumers buy home appliances and furniture, and can enjoy the old household appliances and furniture as price deductions, business discounts and subsidies. The second is to highlight key categories, and organize various forms of consumption promotion activities around food and clothing commodities that are closely related to the majority of consumers and automobiles, home appliances, decoration and building materials with weak growth. The third is to highlight local characteristics. We will highlight the integration of business formats, continue to promote Honghe's "Jiuhong" products into shopping malls, hotels and commercial outlets, create centralized experience points with local characteristics, and activate consumption with characteristic products.

This press conference in our state is very informative!

Character arrangement: 倪琴

Poster Production: Ye Wei

Unsigned image from the Honghe Rong Media Center gallery

Editor-in-charge: Luo Yang, Wang Jingni

This press conference in our state is very informative!

Honghe State Rong Media Center

Legal Counsel: Yunnan Lingyun (Honghe) Law Firm

Phone: 0873-3990877

Address: 3rd floor shop, No. 301, Building 2, Fenghua Modern City Community, Mengzi City, Honghe Prefecture

This press conference in our state is very informative!

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