The overall stability of economic operation continues to rise to a good trend-focusing on the economic trend of China in April

Xinhua News Agency, Beijing, May 17thTitle: The overall stability of economic operation continues to rise to a good trend-focusing on the economic trend of China in April

Xinhua News Agency reporters Han Jianuo and Wei Yukun

According to the data released by the National Bureau of Statistics on the 17th, in April, although some indicators were affected by the wrong month of holidays and the high base in the same period of last year, the year-on-year growth rate slowed down, but the growth rate of industry, import and export accelerated, the employment price improved overall, enterprises expected to remain in the boom zone, high-quality development progressed steadily, the economic operation was generally stable, and the upward trend continued.

The economic operation continues to pick up and improve.

"In April, the national economy continued to pick up and the positive factors accumulated." Liu Aihua, spokesman of the National Bureau of Statistics, said at the press conference of the State Council Office held on the same day.

Production and supply have increased steadily. From the perspective of industry, in April, the added value of industrial enterprises above designated size increased by 6.7% year-on-year, 2.2 percentage points faster than last month; The chain increased by 0.97%, and the growth rate of more than 80% of industries and nearly 60% of products rebounded.

From the service industry, in April, the service industry production index increased by 3.5% year-on-year, which was lower than that of last month. Liu Aihua said that this is mainly due to the high base brought by the wrong month of holidays. Last year, two days of the May Day holiday were arranged in April, and this year all fell in May, which means that the holiday in April this year was two days less than that in April last year. The wrong month of holiday had a great influence on tourism, accommodation, catering and other industries in April last year, which brought high cardinal utility. In April last year, the production index of service industry increased by 13.5% year-on-year, which was the highest point in each month of the year.

"According to the preliminary calculation, the high base factor brought by the wrong month of holidays affected the year-on-year growth rate of the service industry production index to drop by more than 1 percentage point. After deducting the wrong month of holidays, the service industry was generally stable and continued to recover." Liu Aihua said.

Market demand continues to expand. From the perspective of import and export, in April, the growth rate of import and export of goods turned from negative to positive, up 8% year-on-year. In terms of consumption, in April, the total retail sales of social consumer goods increased by 2.3% year-on-year. In terms of investment, in the first four months, the national fixed assets investment increased by 4.2% year-on-year, maintaining a steady growth trend.

In April, the added value of equipment manufacturing and high-tech manufacturing above designated size increased by 9.9% and 11.3% respectively year-on-year, accelerating by 3.9 and 3.7 percentage points over the previous month; From January to April, the online retail sales of physical goods increased by 11.1% year-on-year … The new quality productivity was accelerated, the new kinetic energy of consumption continued to grow, and the high-quality development continued to make new progress.

Overall improvement in employment prices and expected improvement in enterprise development.

Employment is the most basic livelihood, which concerns thousands of families.

Statistics show that in April, the economy continued to recover and the policy of stabilizing employment was effective, and the unemployment rate continued to decline. The national urban survey unemployment rate was 5%, down 0.2 percentage points from the previous month and falling for two consecutive months. The unemployment rate of key groups such as migrant workers has dropped a lot. The urban survey unemployment rate of migrant agricultural registered laborers is 4.5%, down 0.5 percentage points from last month and 0.6 percentage points from the same period of last year.

The continuous expansion of consumer demand has driven consumer prices to rise steadily. In April, the national consumer price index (CPI) rose from the previous month, up 0.3% year-on-year, and the growth rate was 0.2 percentage points higher than that of the previous month. Among them, the core CPI excluding food and energy rose by 0.7%, an increase of 0.1 percentage points.

It is worth noting that the development of enterprises is expected to improve. In April, the market demand continued to recover, the production of enterprises accelerated, and the purchasing managers index (PMI) of China’s manufacturing industry expanded for two consecutive months. Among them, the expected index of production and business activities is 55.2%, which continues to be in a high boom range, indicating that the confidence of manufacturing enterprises in the recent market development is generally stable. Driven by the expansion of service demand, the business activity index of service industry is 50.3%, which has been in the boom zone for four consecutive months.

"At the same time, we must also see that the complexity, severity and uncertainty of the current external environment have obviously increased, the domestic effective demand is insufficient, the business pressure of enterprises is high, and there are many hidden risks. The domestic cycle is not smooth enough, and the foundation for recovery needs to be strengthened." Liu Aihua said that in the next stage, it is necessary to make great efforts to effectively implement the macro policies that have been determined, and make overall plans for stabilizing growth, increasing stamina and preventing risks, so as to effectively consolidate and enhance the economic recovery.

The trend of sustained economic recovery is expected to be consolidated and enhanced.

"Although the external environment is becoming more complicated, severe and uncertain, domestic economic development is also facing some difficult challenges, but China’s economic foundation is stable, with many advantages, strong resilience and great potential. With the acceleration of macroeconomic policies, the endogenous kinetic energy of the economy continues to be repaired, and the trend of sustained economic recovery is expected to be consolidated and enhanced." Liu Aihua said.

First, new kinetic energy and new advantages have been accelerated. At present, China is in a critical period of transformation and upgrading. The innovation-driven development strategy has been implemented in depth, and the construction of a modern industrial system has been accelerated. The digital economy and green and low-carbon development have spawned more new growth points, and new kinetic energy is rapidly forming and growing, which has effectively enhanced the stamina and resilience of economic development.

Second, domestic demand is expected to continue to improve. From the perspective of investment, since the beginning of this year, all regions and departments have accelerated the construction of projects, increased investment in innovation and development, and overall investment has maintained steady growth. With the gradual implementation of large-scale equipment renewal and refinement measures, investment in key areas will continue to increase, which will accelerate the formation of more physical workload and help the steady expansion of investment. From the perspective of consumption, the consumption demand of cultural tourism continues to be active, and the consumption potential of county-level cultural tourism and holiday economy is steadily released. With the improvement of the employment situation, the implementation of consumption promotion policies has been refined, and consumption scenarios have been continuously innovated and expanded, and the consumer market will continue to expand and upgrade.

Third, the effectiveness of the policy is expected to be further exerted. Since the beginning of this year, the macro-policies have been put forward, and all localities and departments have thoroughly implemented the decision-making arrangements of the CPC Central Committee and the State Council, and successively issued implementation rules and supporting policies, creating favorable conditions for economic development. With the gradual support of policies, funds and other factors, the acceleration of investment and construction in major strategic areas of the country will help promote sustained economic recovery.