Consumption and manufacturing work together to activate new momentum for economic recovery

Release time:Jun 05, 2024 13:31 PM

At present, the growth rate of my country's manufacturing industry is accelerating, the potential of the consumer market continues to be released, and companies are expected to maintain a prosperous range, continuing the overall upward trend.

Data from the National Bureau of Statistics show that from January to April, industrial enterprises above designated size across the country achieved a total profit of 2.09469 billion yuan, a year-on-year increase of 4.3%. Previously released data showed that my country’s total retail sales of consumer goods in April this year was 3.5699 billion yuan, a year-on-year increase of 2.3%. Analysts said that new momentum and new advantages in my country's economic development are accelerating, industrial production has exceeded expectations, and consumer demand for services continues to be released. With the emergence of a series of new industries, new products, and new models, the leading role of innovation will continue to be highlighted, and the space for economic development will be further expanded.

In recent years, my country's new industrialization process has accelerated, and "China's intelligent manufacturing" has entered the fast lane of development. The latest data from the China Machinery Industry Federation shows that from January to April this year, general equipment manufacturing, special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing and other industries showed varying degrees of growth; in key monitored areas Among the 122 major mechanical products, 56% achieved year-on-year cumulative output growth.

The relevant person in charge of the China Machinery Industry Federation said that as various localities actively promote the implementation and implementation of large-scale equipment updates and consumer goods trade-in action plans, the manufacturing market demand continues to improve, and the industry operation will further stabilize and improve.

With the rapid development of 5G communications, big data, artificial intelligence and other technologies, recently, in order to accelerate the digital transformation and intelligent transformation of the manufacturing industry, many places have accelerated the implementation of policies and promoted core technology research and promotion and application of results. Jiangxi will build "digital pilot" enterprises, "small lighthouse" enterprises and "digital smart factories" benchmarks to support the construction of digital transformation promotion centers; Anhui will focus on key industries such as electronic information, automobiles, home appliances, and building materials to encourage industrial enterprises to use new technologies such as 5G The network implements internal and external network transformation; Guangxi promotes the "chain" digital transformation of key industrial chains, improves the industrial Internet platform system, and helps large and medium-sized enterprises improve quality, reduce costs, and increase efficiency to move out of "acceleration"...

"With the strong support of policies such as large-scale equipment renewal, the high-end, intelligent, and green manufacturing industry has steadily advanced, investment in equipment renewal has grown rapidly, and manufacturing investment has shown good growth momentum." Spokesperson and Chief Economist of the National Bureau of Statistics, Liu Aihua, director of the Department of Comprehensive Statistics of the National Economy, said that it is necessary to coordinate various tasks such as stabilizing growth, increasing stamina, and preventing risks, effectively consolidate and enhance the positive trend of economic recovery, and promote the economy to achieve effective improvement in quality and reasonable growth in quantity.

The development of the manufacturing industry cannot be separated from the demand side, and consumption upgrades lead the manufacturing industry to improve quality and efficiency. The latest data from the Ministry of Commerce show that my country’s total retail sales of consumer goods in April were 3.57 trillion yuan, a year-on-year increase of 2.3%; among which, retail sales of goods increased by 2.0% year-on-year, sales of upgraded goods grew rapidly, communication equipment, sports and entertainment supplies for units above designated size Retail sales increased by 13.3% and 12.7% year-on-year respectively, sales of new energy vehicles increased by 33.5% year-on-year, accounting for 36% of new car sales, and commodity consumption maintained steady growth.

Since the beginning of this year, driven by relevant policies such as expanding domestic demand and promoting consumption, various regions and fields have continued to innovate consumption scenarios and optimize the consumption environment. The consumer market has continued to release new potential, showing a positive trend of "being able to consume, daring to consume, and willing to consume" . Cultural and tourism consumption is in hot demand. People "travel with concerts" and go out to embrace nature. "Summer limited edition" drives seasonal consumption to continue to grow. Digital consumption is booming, and life service platforms such as takeout and fresh food are favored by young users. Online live shopping has become a new scene recognized by the public; the potential of healthy consumption has been released, medicine, health care, cultural tourism and other industries have integrated and developed, and "Citywalk" and "camping economy" have become new trends and fashions in the consumer market.

"From the 'ice and snow economy' at the beginning of the year to the 'holiday economy' during each long holiday, hot topics such as cultural and tourism consumption, digital consumption, green consumption, and healthy consumption continue to add new impetus to the recovery of the consumer market." Liu Aihua said that in the next stage, As new consumption scenarios continue to emerge, the integration of new business formats accelerates, the consumption space continues to expand, and consumption-promoting policies such as replacing old consumer goods with new ones are gradually implemented, the potential of my country's consumer market is expected to be continuously released.


Consumption and manufacturing work together to activate new momentum for economic recovery
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