April economic data is here! Economic recovery continues to consolidate
Data released by the National Bureau of Statistics on the 17th showed that in April this year, production demand grew steadily, employment prices generally improved, social expectations continued to improve, high-quality development was solidly advanced, and the national economy was generally stable and continued to rebound for the better.
On May 17, the State Council Information Office held a press conference and invited Liu Aihua, spokesperson, chief economist and director of the National Economic Comprehensive Statistics Department of the National Bureau of Statistics, to introduce the operation of the national economy in April 2024 and answer reporters' questions. Photo by reporter Chen Yehua
Industrial production accelerated and the service industry continued to recover. In April, the added value of the national industrial enterprises above designated size increased by 6.7% year-on-year, 2.2 percentage points faster than the previous month; it increased by 0.97% month-on-month. The national service industry production index increased by 3.5% year-on-year.
Wang Honglin, a researcher at the China Institute of Financial Studies at Shanghai Jiao Tong University, said that the overall macro data in April performed well, especially the data on the real economy, which sent a signal of economic stabilization and improvement.
This is the production line of the welding workshop of the Thalys Automobile Super Factory, taken in Liangjiang New District, Chongqing. hair
Market sales maintained growth, and the scale of fixed asset investment expanded. In April, the total retail sales of consumer goods was 3.5699 billion yuan, a year-on-year increase of 2.3%; a month-on-month increase of 0.03%.
The import and export of goods grew rapidly, and the trade structure continued to be optimized. In April, the total import and export volume of goods was 3,638.9 billion yuan, a year-on-year increase of 8.0%. Imports and exports were balanced, with a trade surplus of 513.5 billion yuan.
The employment situation is generally stable, and the year-on-year increase in consumer prices is steady and rising. From January to April, the national average urban surveyed unemployment rate was 5.2%, down 0.2 percentage points from the same period last year. In April, the national consumer price index increased by 0.3% year-on-year, an increase of 0.2 percentage points from the previous month; it increased by 0.1% month-on-month, compared with a decrease of 1.0% last month.
Job seekers learned about recruitment information at the 2024 Shaanxi Trade Union "Spring Jobs" Employment Service Month on-site job fair. Photo by reporter Zhang Bowen
Liu Aihua, spokesperson of the National Bureau of Statistics, said at the State Council Information Office press conference held that day that overall, the national economy was operating smoothly in April, although some indicators were affected by factors such as the wrong month of holidays and a higher base in the same period last year. has slowed down, but major indicators such as industry, exports, employment, and prices have generally improved, new driving forces have maintained rapid growth, the national economy has continued to pick up, and positive factors have accumulated.
The Naqing Expressway Zangdajiang Bridge invested and constructed by Guizhou Communications Construction Group has been successfully closed, laying a solid foundation for the completion and opening of the entire Naqing Expressway to traffic. Photo by reporter Tao Liang
Liu Aihua said that in the next stage, efforts must be made to effectively implement the macro policies that have been determined, consolidate and enhance the positive economic recovery, and continue to promote the economy to achieve effective qualitative improvement and reasonable quantitative growth.
Zhang Yansheng, chief researcher of the China Center for International Economic Exchanges, said, "Judging from the data of the past four months, China's economy is emerging with a new trend focusing on new economy, new industries, new business formats, and new models."
Wang Xiaoqing, a researcher at Jiangsu Modern Fiscal and Taxation Governance Research Institute and deputy dean of Hongshan College of Nanjing University of Finance and Economics, said, “With the implementation of large-scale equipment updates, trade-in of consumer goods and other policies, as well as the introduction of proactive fiscal and monetary policies, China’s economy is unleashing huge potential. ”
This is a panoramic view of Chengbei Oilfield taken on January 25, 2024. On the same day, CEPC, the oil and gas processing and shore power equipment co-construction platform of the Chengbei Oilfield located in the southwest of the Bohai Bay, was officially put into operation. The platform can enable the oil field to access green power from land and reduce the natural gas and electricity generated by offshore "self-generation". Crude oil consumption. hair
