In April, production demand grew steadily, and employment prices generally improved
Social expectations continue to improve, and high-quality development is solidly promoted
In April, production demand grew steadily, employment prices generally improved, social expectations continued to improve, high-quality development was solidly promoted, and the national economy was generally stable, continuing to rise and improve. On May 17, at a press conference held by the Information Office of the State Council, Liu Aihua, spokesperson, chief economist and director of the Department of Comprehensive Statistics of the National Statistics, introduced the operation of the national economy in April and answered questions from reporters.
The growth of industrial production has accelerated, and there are supporting factors for the sustained recovery
The added value of industrial enterprises above designated size increased by 6.7 percent year-on-year, 2.2 percentage points faster than that of the previous month, and increased by 0.97 percent month-on-month, which was a high point in the month-on-month growth rate in recent years...... In April, benefiting from the continuous coordinated efforts of macroeconomic policies and the pull of exports, the growth of industrial production accelerated. At the press conference, Liu Aihua analyzed the main characteristics of the current industrial economic operation.
The growth rate of the three major categories has rebounded. In April, the added value of the mining industry increased by 2 percent, an increase of 1.8 percentage points over the previous month, the manufacturing industry increased by 7.5 percent, an increase of 2.4 percentage points, and the production and supply of electricity, heat, gas and water increased by 5.8 percent, an increase of 0.9 percentage points.
More than eighty percent of the industry and nearly sixty percent of the product growth rate rebounded. In April, among the 41 major industrial industries, the year-on-year growth rate of added value of 33 industries rebounded or narrowed compared with the previous month, with a rebound of 80.5%; Among the 619 major industrial products in the statistics, the output growth rate of 363 products rebounded or narrowed, with a rebound of 58.6%, nearly 60%.
The export of industrial products plays a significant driving role. Under the effect of a series of policies to stabilize foreign trade, the delivery value of industrial exports continued to rise, driving the recovery of industries with a high proportion of exports such as electronics and textiles. In April, the export delivery value of industrial enterprises above designated size increased by 7.3 percent year-on-year, 5.9 percentage points faster than the previous month. Among the 39 major industries with exports, 31 industries have increased their exports, and the growth area is close to eighty percent.
The equipment manufacturing industry has rebounded significantly. In April, the added value of the equipment manufacturing industry above designated size increased by 9.9% year-on-year, 3.9 percentage points faster than the previous month. Among them, the added value of the automobile manufacturing industry increased by 16.3 percent, and the added value of the computer communication and other electronic equipment manufacturing industry increased by 15.6 percent.
In addition, in April, the added value of the consumer goods manufacturing industry increased by 4.8% year-on-year, and the growth rate was 1.7 percentage points faster than that of the previous month.
Liu Aihua believes that in the next stage, the large-scale equipment renewal and consumer goods trade-in policy in the industrial field will release more market space, and the vigorous development of information technology, digital technology, intelligent technology and green technology will help accelerate the release of new kinetic energy, "The manufacturing purchasing managers' index (PMI) has been in the expansion range for 2 consecutive months, and the year-on-year growth rate of profits of industrial enterprises above designated size has increased for 3 consecutive quarters, which will form a strong support for the continuous rebound of the industrial economy." ”
Consumption is generally recovering, and the market potential is expected to continue to be released
In April, the total retail sales of consumer goods increased by 2.3% year-on-year, and the growth rate fell from the previous month, mainly due to the decrease of 2 days in the number of holiday days compared with the same month of the previous year and the high base in the same period. "After deducting the impact of the base in the same period, it is still a steady growth trend. On a month-on-month basis, in April, the total retail sales of consumer goods increased by 0.03% month-on-month. Liu Aihua made a specific introduction.
Consumption of basic living goods and some upgraded goods has grown steadily. In April, among the retail sales of units above designated size, grain, oil and food increased by 8.5 percent year-on-year, beverages increased by 6.4 percent, and daily necessities increased by 4.4 percent.
Consumption of services is growing well. From January to April, retail sales of services increased by 8.4% year-on-year, 4.9 percentage points higher than the growth rate of retail sales of goods in the same period. Holiday travel continued to be active, driving the rapid growth of consumption such as catering and transportation. From January to April, catering revenue increased by 9.3% year-on-year, and the retail sales of transportation services, tourism consulting and leasing services, and cultural, sports and leisure services all maintained rapid growth.
Online consumption has played a significant driving role. From January to April, the online retail sales of physical goods increased by 11.1% year-on-year, accounting for 23.9% of the total retail sales, an increase of 0.6 percentage points from January to March.
"Since the beginning of this year, hot spots such as cultural and tourism consumption, digital consumption, green consumption, and health consumption have continued to add new impetus to the recovery of the consumer market, and the overall consumer market has shown a continuous recovery trend. It should also be noted that residents' spending capacity and consumer confidence still need to be further improved. Liu Aihua believes that in the next stage, with the continuous emergence of new consumption scenarios, the accelerated integration of new business formats, the continuous expansion of consumption space, and the gradual implementation of consumer goods trade-in and other pro-consumption policies, the market potential is expected to be continuously released.
Investment has maintained steady growth, and its key role is expected to be further played
Since the beginning of this year, driven by the relevant policies of actively expanding effective investment, investment in fixed assets has generally maintained steady growth. From January to April, investment in fixed assets (excluding rural households) increased by 4.2% year-on-year, a slight decrease of 0.3 percentage points from the first quarter, mainly due to the rain and flood disasters in some parts of the south affecting the construction progress of the project.
Investment in the manufacturing sector grew steadily. From January to April, manufacturing investment rose 9.7% year-on-year. Among them, the investment in the equipment manufacturing industry increased by 12.2% year-on-year, and the investment in the consumer goods manufacturing industry increased by 15.4% year-on-year, both maintaining double-digit growth.
Investment in technological transformation and upgrading has grown rapidly. From January to April, investment in technological transformation in the manufacturing industry increased by 8.5 percent, and investment in high-tech industries increased by 11.1 percent.
The investment in equipment renewal has grown rapidly. Driven by policies such as large-scale equipment renewal, from January to April, the investment in the purchase of equipment and tools increased by 17.2% year-on-year, 13 percentage points faster than the total investment, driving the growth of the total investment by 2.2 percentage points.
Strong support for large projects. From January to April, the completed investment of projects with a planned total investment of 100 million yuan or more increased by 10% year-on-year, 5.8 percentage points faster than the total investment.
Liu Aihua said that in the next stage, with the continuous emergence of the driving and amplifying role of government investment, the continuous enhancement of market confidence and expectations, the gradual recovery of private investment enthusiasm and the continuous strengthening of project element guarantees, the key role of effective investment is expected to be further played.
"Since the beginning of this year, China's economic operation has continued to improve, showing relatively strong resilience and potential, which is conducive to resolving the impact of external shocks. On the one hand, the advantages of the super-large-scale market have been fully exerted, promoting the continuous recovery of domestic demand, the role of the main driving force of domestic demand has become more prominent, and the endogenous power and reliability of the domestic cycle have been further enhanced. On the other hand, the quality and level of international circulation have been further improved, which is conducive to continuously consolidating and expanding the international market and development space. Liu Aihua believes that although the economy continues to rebound and still faces certain difficulties and challenges, the mainland's economic foundation is stable, there are many advantages, strong resilience, great potential, economic vitality continues to increase, social expectations continue to improve, the ability and resilience to deal with external shocks, and the economic recovery will not change. (Reporter Liu Zhiqiang)
Source: People's Daily