The data in the first quarter increased confidence and "ignited" a new engine for high-quality development

2024-04-18 07:00 Source: China Economic Network
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(Editor in charge: Wu Xiaojuan)

The data in the first quarter increased confidence and "ignited" a new engine for high-quality development

07:00, April 18, 2024     Source: China Economic Network    

   Core point: In today's world, a new round of scientific and technological revolution and industrial transformation is accelerating, and the world has entered an era of innovation intensive. We need to be confident and energetic, continue to cultivate and develop new quality productivity, and "ignite" a new engine of high-quality development, so as to promote the steady progress of China's economy.

On April 16, the first quarterly report of China's economy in 2024 was released. According to the preliminary accounting, the GDP of the first quarter was 29629.9 billion yuan, a year-on-year increase of 5.3% at constant prices. The national economy continued to pick up and make a good start, laying a good foundation for achieving the goals and tasks of the whole year.

"New quality productivity" is the "C-word" in the economic field recently. The Central Economic Work Conference at the end of 2023 and this year's Government Work Report have made systematic arrangements to accelerate the cultivation and development of new quality productivity. For a period of time, a series of hard and practical measures have been launched in many parts of the country to promote the vigorous development of new quality productivity with hot and vivid front-line practice. From the data of the first quarter, relevant policies and measures have achieved positive results. In the first quarter, the added value of high-tech manufacturing above designated size increased by 7.5% year on year, the output of new energy vehicles increased by 29.2% year on year, and the investment in high-tech industries increased by 11.4% year on year. The market has improved and upgraded, the industry has gone new, and the strength of China's economic growth and breakthrough has continued to burst.

From the data over the years, although the proportion of the first quarter of the economy in the whole year is less than a quarter, it has obvious directional significance. This is because a good start will boost people's confidence and have a positive impact on subsequent economic behavior. It can be seen from some data this year that the positive factors supporting the continued recovery of China's economy have accumulated and increased. For example, in the first two months of this year, the country's total social electricity consumption was 1.53 trillion kilowatt hours, up 11% year on year. Among them, the electricity consumption of high-tech and equipment manufacturing industry increased by 16.9% year on year, reflecting the development momentum of China's new industrialization; In the first quarter, the online sales of Hanfu reached 1.98 billion yuan, an increase of 90.8%. The rise of the national trend has spawned new consumption hotspots, which also confirms China's super large market advantage. It can be predicted that China's economic prosperity is expected to rise further in the future.

Of course, turning over the first quarter report, the fiscal revenue grew at a low level, and some enterprises' operations were under pressure... While feeling the warmth of recovery, it is undeniable that the current external situation is still complex and severe, and China's economy still faces some difficult challenges. In fact, China is still in the stage of structural adjustment, transformation and upgrading, and it is normal to see some fluctuations in economic growth. Next, we need to adhere to the principle of seeking progress while maintaining stability, promoting stability through progress, and building up before breaking down, further strengthen the implementation of policies, consolidate the foundation and strengthen the strength, continue to enhance the overall confidence of the market and the driving force of economic operation, and consolidate the foundation for the sustained recovery of the economy. In this process, accelerating the development of new quality productivity is the optimal solution.

High quality development is the primary task of building a socialist modern country in an all-round way. Developing new quality productive forces is the internal requirement and important focus of high-quality development. We need to plan a modern industrial system as a whole, work from three dimensions, and cultivate the surging momentum for the development of new quality productivity. First, move towards "new", actively cultivate future industries and shape new advantages for development; Second, climb to "high", promote the transformation and upgrading of traditional industries, and steadily move towards high-quality development; The third is to move towards "green", promote the overall green transformation of economic and social development, and continue to improve the "gold content" of economic growth.

In today's world, a new round of scientific and technological revolution and industrial transformation is accelerating, and the world has entered an era of innovation intensive. Looking at our country, we still have a lot of work to do, from achieving a "good start" in the first quarter to achieving "good results" in the first half of the year to handing in excellent answers throughout the year. Therefore, we need to be confident and energetic, continue to cultivate and develop new quality productivity, and "ignite" a new engine of high-quality development, so as to promote the steady progress of China's economy. (Mao Tonghui, columnist of China Economic Network)



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