Yangguang Financial Review | Many economic indicators have improved! April’s economic “report card” demonstrates China’s “resilience”
Production demand is growing steadily, employment prices are generally improving, social expectations continue to improve, and high-quality development is solidly advancing... On May 17, the "report card" of the national economy in April was released. my country's economic operation is generally stable and continues to recover and improve. .
Looking through April's national economic data, we can see that many economic indicators have shown positive changes. Major indicators such as industry, consumption, exports, prices, and employment have generally improved. New driving forces have maintained rapid growth, and positive factors have accumulated.
In terms of production, in April, the added value of industries above designated size nationwide increased by 6.7% year-on-year, 2.2 percentage points faster than the previous month. In terms of consumption, in April, the total retail sales of consumer goods reached 3,569.9 billion yuan, a year-on-year increase of 2.3%. New consumption potential such as cultural and tourism consumption continued to be released, and new models such as instant retail and live streaming of goods developed rapidly. In terms of foreign trade, in April, the total import and export of goods was 3,638.9 billion yuan, a year-on-year increase of 8.0%. The growth rate of import and export of goods turned from negative to positive. Cumulatively, the scale of import and export from January to April hit a record high for the same period in history. Mechanical and electrical products and labor-intensive products The export advantages of key products such as 2017 and 2017 continued to be consolidated. In terms of employment prices, in April, the national urban surveyed unemployment rate was 5%, down 0.2 percentage points from the previous month and falling for two consecutive months; the CPI increased from a month-on-month decrease to an increase of 0.3% year-on-year, an increase of 0.2 percentage points from the previous month. …
Behind the "hard core data" is the continued effectiveness of policies and the accumulation of economic growth potential. Since the beginning of this year, my country's macroeconomic policies have been proactively implemented. Large-scale equipment updates and consumer goods trade-ins, trillions of ultra-long-term special treasury bonds, etc. have been implemented one after another. Investment and construction in major national strategic areas have been accelerated, which has effectively promoted the continued recovery of the economy and the vitality of economic entities. promote. Many foreign institutions such as Deutsche Bank, Goldman Sachs, and Morgan Stanley have recently raised their expectations for China's economic growth in 2024. Although the external environment for economic development remains complex, the economic "report card" in the first four months of this year fully proves that China has the ability and resilience to cope with challenges and achieve effective improvement in quality and reasonable growth in quantity.
