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Moving towards the new, China's economy continues to recover and improve

Source: People's Network
2024-05-24 14:06

Original title: Moving towards the new, China's economy continues to recover and improve

In a steam turbine factory in Heilongjiang, an intelligent workshop for blade processing is being built in order. Enterprises seize the opportunity of large-scale equipment renewal, promote intelligent transformation, transform traditional manual loading and unloading operations and manual inspection records into automated operations and digital online detection, and promote intelligent manufacturing with "intelligent transformation and digital transformation". Large scale equipment renewal is not only a physical change of replacing old with new, but also a "chemical reaction" of intelligent upgrading. While expanding investment demand, it cultivates new momentum for the development of new quality productivity, demonstrating the vigorous vitality of China's economic growth.

Not long ago, the National Bureau of Statistics released data showing that the national economy in April was generally stable and continued to recover. In April, the production supply increased steadily, and the added value of industries above designated size increased by 6.7% year-on-year, 2.2 percentage points faster than that of last month; The market demand continues to expand, the growth rate of import and export of goods turns from negative to positive, and the investment in manufacturing industry is growing well; Employment prices have generally improved. The unemployment rate in urban areas surveyed nationwide is 5%, down 0.2 percentage points from the previous month; The enterprise development is expected to be better, and the manufacturing purchasing manager index has expanded for two consecutive months; High quality development continued to make new progress, medium and high-end manufacturing industries accelerated growth, and the industrial structure continued to upgrade. On the whole, the main indicators of industry, exports, employment, prices and so on have improved overall. The new driving force has maintained rapid growth. The national economy has continued to pick up and improve. Positive factors have accumulated, providing a solid foundation for enhancing confidence and stabilizing expectations.

To observe China's economy, we should not only look at the short-term "shape", but also look at the long-term "trend"; We should not only see local fluctuations, but also see the overall positive trend. It is undeniable that the year-on-year growth rate of service industry production index, total retail sales of social consumer goods and other indicators has slowed down, but this is greatly affected by the holidays, wrong months and higher base in the same period of last year. In April last year, the total retail sales of social consumer goods increased by 18.4% year on year and 1.06% month on month. Both the year-on-year growth and the month on month growth were the highest points of the year. It is estimated that the high base factor brought about by the holiday and wrong month affects the year-on-year growth of service industry production index, total retail sales of social consumer goods and other indicators by more than 1 percentage point. Therefore, we should not be led by the short-term fluctuations of some indicators when looking at a super large economy like China, but should start from the overall situation and long-term trend to form a comprehensive, objective and correct understanding.

From the marginal change in April compared with the first quarter, the endogenous momentum of the economy continues to repair, which will provide a source of power for China's economy to continue to consolidate and recover. From the supply side, new driving forces and new advantages have been accelerated. From January to April, the equipment manufacturing industry above designated size accounted for 32.4% of all industries above designated size, and the value-added of high-tech manufacturing industry accounted for 15.4%. New industries, new products, and new models continue to grow, further expanding the space for economic development; From the demand side, domestic demand is expected to continue to improve and foreign demand is expected to continue to recover. From January to April, the investment in manufacturing technology transformation increased by 8.5% year on year. Investment in key areas continues to increase. At the same time, cultural and tourism consumption demand continues to be active, which will continue to release the demand potential of the super large domestic market. With the accelerated cultivation and expansion of new quality productivity, the consumer market continues to expand and improve its capacity, giving full play to the advantages of strong production capacity and super large market, China's economy will continue to form a higher level dynamic balance of demand driven supply and supply creating demand.

Recently, several international organizations and advisory bodies have raised their expectations for China's annual economic growth, which shows the confidence of the international community in China's economic development. In the next stage, although the complexity, severity and uncertainty of the external environment have increased significantly, and the economy continues to recover and face many difficulties and challenges, China's economy has a stable foundation, many advantages, strong resilience, and great potential, and is fully capable, qualified, and confident to ride the wind and waves forward, iterative upgrading and expansion. Next, adhering to the general tone of seeking progress while maintaining stability, implementing the new development concept in a complete, accurate and comprehensive manner, accelerating the construction of a new development pattern, focusing on promoting high-quality development, and relying on forward efforts to effectively implement the macro policies that have been identified will certainly consolidate and enhance the recovery of the economy to a better state, and continue to promote the effective improvement of the quality and reasonable growth of the Chinese economy. Li Keji

Editor in charge: queen

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