Xinhua News Agency, Beijing, April 9, Title: Insight into China’s Economy in the First Quarter of 2024
Xinhua News Agency’s “Xinhua Viewpoint” reporters Wei Yukun, Dai Xiaohe, and Tang Shining
Top 2 In February, the total retail sales of consumer goods increased by 5.5% year-on-year, and the total import and export of goods increased by 8.7%; in February, the urban surveyed unemployment rate dropped by 0.3 percentage points year-on-year; Escort manilaIn March, China’s manufacturing purchasing managers’ index (PMI) returned to the expansion range…
In a critical year to achieve the goals and tasks of the “14th Five-Year Plan”, China’s economy achieved a “good start” “. Recently, the domestic market is expected to continue to improve, the consumer market is surging, and the economy is picking up Escort manila with a clear trend; many foreign media have also Publish reports and be optimistic about China’s development potential. Singapore’s “Lianhe Zaobao” reported that “the latest PMI data returned to the line of prosperity and contraction, indicating that China’s economy has found a new growth engine.”
At the end of the first quarter, “Xinhua Perspective” Reporters combed Manila escort‘s published economic indicators, touched the pulse of economic development on the ground, observed China’s economic performance from multiple dimensions, and perceived Confidence in economic and social development.
Economic performance started smoothly but continued to improve
Food security is the “biggest thing in a country” and the foundation for economic development. According to the agricultural situation dispatch of the Ministry of Agriculture and Rural Affairs, as of April 8, 11% of the intended area for spring sowing of grain across the country has been completed, and the intended area for spring sowing of grain has increased steadily compared with the previous year.
April 4, EscortIn a rice seedling greenhouse of the Youyi Branch of Heilongjiang Beidahuang Agriculture Co., Ltd., agricultural workers are sowing seeds. Photo by Xinhua News Agency reporter Wang Song
Renqin Spring has arrived early. Since the beginning of this year, all localities and departments have been working hard to forge ahead in all walks of life to promote high-quality Sugar daddyDevelopment.
The main economic indicators released Pinay escort show that China’s economy has started steadily and is rising steadily. :
——From a macroeconomic perspective, in the first two months, fixed asset investment increased by 4.2% year-on-year, with private investment growth turning from negative to positive; service retail sales increased by 12.3%; total import and export of goods increased by 8.7% %, of which exports increased by 10.3%, and the national economy continued to recover.
The balance of payments Pinay escort reflects this. A country’s influence on the world economySugar daddyAs of the end of March, our country’s foreignEscort manilaThe scale of foreign exchange reserves was US$3.2457 billion, an increase of 0.62% from the end of February.
——From the perspective of industry performance, in the first two months, the national industrial enterprises above designated size Profit increased from 2.3% in the previous year to 10.2% year-on-year; the service industry production index increased by 5.8%, and the development of most industries continued to recover.
The first two new energy products grew rapidly. In March, the added value of equipment manufacturing above designated size increased by 8.6% year-on-year, and the added value of high-tech manufacturing increased by 7.5%; the output of new energy vehicles, charging piles and other products increased by 25.6% and 41.8% respectively, and the output of smartphones increased by 31.3%. p>
From the first domestically produced large-scale cruise ship “Aida·Modu” to its commercial maiden voyage, to the self-developed AG60E electric Sugar daddyThe aircraft made its first flight, and then the first domestic field emission transmission electron microscope TH-F120 was released. This year, major projects have received good news, which is a vivid reflection of the accelerated cultivation of new quality productivity in our country.
“The new drug developed by the company has achieved breakthroughs in ALS after completing the third phase clinical trial for stroke in China. It has now beenThe bioequivalence test has been completed and it is planned to submit a new drug marketing application to the US FDA in June this year. “The person in charge of Suzhou Aozong Biotechnology Co., Ltd. said that another indication of this new drug is autism in children, and it is expected to break the “no drug available” in the field of autism in children worldwideEscort’s current situation.
——From the perspective of enterprise development, in March, the manufacturing PMI rose to 50.8% after contracting for five consecutive months. Among them, China, The PMI of small businesses rose to 50.6% and 50.3% respectively, both rising to the expansion range for the first time in 12 months, showing a steady recovery in market confidence.
More indicators conveyed positive signals for business performance: In March, The operating vitality index of technologically innovative enterprises increased by 27.9% year-on-year, and the operating vitality index of entrepreneurial enterprises increased by 14.6% year-on-year…
“Judging from the latest Standard Chartered China Small and Medium Enterprises Confidence Index, small and medium-sized enterprises ranked first in almost all categories All are in the expansion zone. “Standard Chartered Group Chief Executive Sugar daddy Wen Tuosi said that he is very optimistic about the medium and long-term prospects of the Chinese economy.
Endogenous energy accumulation enhances development vitality and continues to show
The stations and airports are crowded, long queues form at the entrance of restaurants, and it is hard to get a ticket at popular scenic spots… During the Qingming Festival that just passed, domestic tourism 119 million people traveled, and domestic tourists spent 53.95 billion yuan, an increase of 11.5% and 12.7% respectively compared with the same period in 2019.
The travel consumption scene is booming, traveling from south to north and from east to west. , releasing a strong sense of accelerated recovery of China’s economic endogenous energy.
Looking at transportation and logistics, people enjoy their movement and goods flow smoothly, and “mobile China” bursts with vitality——
Returning to the expansion range – in March, China’s logistics industry prosperity index was 51.5%, an increase of 4.4 percentage points from the previous month.
“As the resumption of work and production accelerates, the upstream and downstream activities of the supply chain have accelerated. It has become more active, driving the recovery of logistics demand to accelerate, and indicators such as the total business volume index and the new order index have rebounded. ” said He Hui, chief economist of the China Federation of Logistics and Purchasing.
Transportation and logistics are economicPinay escortcirculation” “Maor artery”. Since the beginning of this year, many statistical indicators in the transportation and logistics industry have achieved positive growth. In the first two months, operational passenger volume increased by 27.4% year-on-year, freight volume increased by 7.5%, and the postal industry’s delivery business volume increased by 25.1%.
“As the endogenous dynamic energy of the economy is gradually restored, the flow of people and logistics elements becomes more active, which is conducive to the gradual improvement of the economic cycleSugar daddy. ” Liu Aihua, spokesperson of the National Bureau of Statistics, said.
Looking at the consumer market, service consumption potential has been released, and new consumption formats have emerged with vitality –
Since this year, from the “Erbin” ice and snow tour Hot, Gansu Tianshui Malatang is “hot out of the circle”, IPs are emerging one after another, and the consumption scene Sugar daddy continues to be updated.
On April 5, tourists in Tour of the Maijishan Grottoes in Maiji District, Tianshui City (photo taken by drone Sugar daddy) by Xinhua News Agency reporter Zhang Zhimin
The main engine of consumption is strong. In the first two months, the total retail sales of consumer goods increased by 5.5% year-on-year. In terms of new consumption growth points, digital, green and health products such as digital music, energy-saving washing machines and ski equipment increased by 95.1% respectively. %, 167.5% and 66.4%.
Driven by the rapid growth of consumer demand, prices stabilized and rebounded. In February, the national consumer price index increased by 0.7% from a year-on-year decrease of 0.8%. rose 1.0%. In March, China’s commodity price index rose 0.6% month-on-month Manila escort
According to national information. The center estimates that in the first quarter, the popularity index of offline business circles and the popularity index of life services increased by 9.9% and over 30% respectively year-on-year. These “high-frequency indicators” that intuitively reflect the economic situation show that consumption continues to be stable and positive. Consolidation.
Singapore’s “Lianhe Zaobao” recently quoted relevant expert analysis as saying that China’s domestic supply and demand have increased. Improvement, business confidence is recovering, consumption and investment willingness continue to increase
The “magnetic attraction” of the large market continues to provide new opportunities for the world
March. On the morning of the 24th, the Diaoyutai State Guesthouse in Beijing held the China Development Forum 2024 focusing on “the driving force and prospects of China’s sustainable development”.The first special seminar was held, and the venue was packed with seats.
Synopsys President Ge Sixin, who participated in the China Development Forum for the first time, said that China is one of the fastest-growing markets in the world for Synopsys in the past 10 years. This annual meeting is aimed at finding artificial intelligence. and new opportunities for cooperation in industrial technology innovation and talent cultivation in the future.
March 24, Manila escortChina Escort Development Forum 2024 The annual meeting opens in Beijing. Photo by Xinhua News Agency reporter Li Xin
Recently, from the Boao Forum for Asia’s new opportunities for China’s development becoming the focus to the first landmark event of “Invest in China” attracting more than 140 entrepreneurs and representatives of foreign business associations in China Participation, as well as the intensive visits to China by Apple CEO Tim Cook and more than a hundred heads of multinational companies, and the visit of US Treasury Secretary Yellen, the “magnetic attraction” of the Chinese market continues to be released, effectively boosting global development confidence .
More and more multinational companies are investing more in China. For example, AstraZeneca announced a US$475 million investment in a new small molecule drug factory in Wuxi Escort manila, and Apple will expand its applied research experiments in Shanghai room.
Based on the high base in the same period last year, in the first two months of this year, my country’s actual use of foreign capital was 215.09 billion yuan. Although it has declined, it is still at the third highest level in the past 10 years. The investment structure continued to be optimized, with high-tech industries attracting 71.44 billion yuan of investment, accounting for 33.2% of the actual amount of foreign capital used.
From the perspective of future development trends, our country’s economy is highly resilient, has great potential, and is full of vitality, and is recovering Pinay escort for the better , the basic long-term positive trend will not change, and will continue to provide new opportunities for the world with China’s new development –
This is a dynamic consumer market: it has the world’s second largest consumer market and the largest consumer market. Online retail market, elderly care, cultural tourism and sports Manila escort education for a population of more than 1.4 billion,There is huge potential for improving the quality and expansion of consumption such as green living.
This is a hot spot for investment with huge space: as of the end of February, the total number of 5G base stations in China reached 3.509 million , the integration of digital technology and the real economy has broad prospects. At the same time, the per capita infrastructure capital stock is currently only 20% to 30% of that in developed countries, and there is broad room for investment in optimizing the structure to make up for shortcomings.
This is a trade market with unlimited potential: the main trading partners are more than 140 countries and regions Escort manila in the future In the past five years, China’s imports and exports of goods are expected to exceed US$32 trillion…
A more open and high-quality China will continue to provide impetus for world economic growth:
No. The four editions of the Consumer Expo have Sugar daddy attracted more than 3,000 brands from 59 countries and regions to participate in the exhibition; the 135th Canton Fair has attracted visitors from 93,000 purchasers from 215 countries and regions have completed pre-registration, and more than 220 leading enterprises and industrial and commercial institutions have confirmed that they will organize delegations to participate, both exceeding the scale of the same period in previous years…
“China’s economic growth in 2023 After the epidemic, it rebounded strongly, with a growth rate of more than 5%, and China will continue to be an important contributor to global economic growth in the future,” said Georgieva, President of the International Monetary Fund.