China's economy continues to show a positive trend, stabilizing the service industry | market demand | China
At the regular press conference held by the National Development and Reform Commission on the 16th, Meng Wei, spokesperson for the commission, stated that although there is currently insufficient market demand and the internal driving force needs to be strengthened, these pressures and challenges will not change the long-term trend of China's economy. With the continuous manifestation of macroeconomic policy effects, gradual recovery of market demand, and continuous adjustment of supply structure, it is believed that China's economic development momentum will continue to strengthen, the structure will continue to improve, and the situation will continue to improve.
Regarding the recent view in society that China's economic recovery is weak, Meng Wei analyzed that from the perspective of domestic and international development, it is normal for some areas to experience temporary fluctuations during the process of economic recovery. When looking at the economic situation in China, it is not only necessary to see the current situation accurately, but also to see the long-term trend clearly. Overall, the economic operation is maintaining a recovery trend. In the long run, the positive trend of the economy remains stable.
Since the beginning of this year, China's service industry has continued to rebound, and the non manufacturing business activity index has always operated above the critical point of prosperity, maintaining a high level of 54.5% in May; In the first five months, the national service industry production index increased by 9.1% year-on-year. Hot spot consumption has grown rapidly, with car sales increasing by 27.9% year-on-year in May. Consumer services such as catering and tourism have significantly improved, and the driving effect of consumption on economic recovery and development is expected to be further highlighted. At the same time, fixed assets investment has improved in quantity and quality. In the first five months, China's fixed assets investment increased by 4.0% year on year, including 6.0% and 7.5% respectively in manufacturing and infrastructure, and 12.8% in high-tech industries.
Recently, many places have successively introduced measures to increase the income of urban and rural residents. Meng Wei stated that the National Development and Reform Commission, together with relevant parties, will focus on implementing the annual key tasks of income distribution, promoting the 10 typical experiences of Zhejiang in promoting common prosperity, and strengthening the linkage between the upper and lower levels to increase household income. The central government will strive to increase the proportion of rural revitalization subsidies used for industrial development to over 60%, increase the efforts to open source and remove obstacles to property income, improve the multi-level social security system, and play a good role in mechanisms such as minimum wage, collective wage negotiation, and wage guidance lines, striving to achieve basic synchronization between household income growth and economic growth.
In addition to continuing to deepen the implementation of the negative list system for market access, relevant departments will carry out special governance on prominent issues in engineering construction bidding and tendering, and concentrate on solving a group of prominent issues such as local protection and ownership discrimination that have been strongly reflected by private enterprises. Actively support private enterprises in building high-level innovation platforms and technology transformation platforms, and accelerate the opening up of national major scientific research infrastructure and large-scale scientific research instruments to private enterprises. At the same time, we will comprehensively build a pro Qing government business relationship, encourage and attract more private enterprises to participate in the construction of national major strategies, national major projects, and key industrial and supply chain projects, actively guide private enterprises to find their positioning in high-quality development, and continuously improve the quality of development through their own reform and development, compliant operation, and transformation and upgrading. In addition, efforts will be made to continuously eliminate institutional barriers to fair participation of private enterprises in market competition, strengthen the guarantee of equal use of resource elements by private enterprises, and stimulate the vitality of private economic development, in order to promote the growth and development of the private economy.
The peak electricity consumption in summer has arrived recently. On June 14th, the National Development and Reform Commission held a teleconference to comprehensively deploy the national energy peak summer work, including promoting the construction of various power projects, strengthening fuel supply guarantee, optimizing power grid scheduling, and demand side management. Meng Wei stated that from the current situation, the installed capacity of power generation in the country continues to grow steadily, and the coal storage in the unified power plants has reached a historic high of 187 million tons, laying a solid foundation for ensuring power supply during peak summer.
