The Chinese economy is showing a stable and good starting trend (the economy is steadily starting an

People's Daily Online

2024-05-06 15:30

Beijing

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This year marks the 75th anniversary of the founding of the People's Republic of China and is a crucial year for achieving the goals and tasks of the 14th Five Year Plan.   Since the beginning of the new year, policy effects have been continuously evident, production demand has remained stable with an increase, overall employment prices have remained stable, market confidence has continued to strengthen, high-quality development has achieved new results, and the national economy has continued to rebound and achieve a good start.

Starting from today, this newspaper will launch a series of reports on the "stable start and continuous recovery of the economy", vividly showcasing the new progress and achievements of various regions and departments in promoting high-quality development, fully reflecting the strong resilience, great potential, wide room for maneuver, and long-term positive fundamentals of the Chinese economy. A comprehensive, dialectical, and objective analysis of the current economic situation will further enhance confidence and confidence in doing a good job in economic work.

The beginning reflects the overall situation, and the starting determines the later stage.

This year marks the 75th anniversary of the founding of the People's Republic of China and is a crucial year for achieving the goals and tasks of the 14th Five Year Plan. In a crucial year, it is crucial to do a good job in economic work.

Looking outward, the century old changes are accelerating in all directions and at a deeper level, and the complexity, severity, and uncertainty of the external environment are increasing. Looking inward, there is insufficient effective demand and weak social expectations, which still face some difficulties and challenges in promoting sustained economic recovery and improvement.

We must continue to consolidate and enhance the positive trend of economic recovery, and boost the confidence of the whole society in development;

We must firmly grasp the primary task of high-quality development and develop new quality productive forces according to local conditions;

We must adhere to the development concept of putting the people at the center and steadily improve the level of people's livelihood security in the process of development

Those who observe the situation are wise, and those who control the situation win.  

The economy achieved a good start in the first quarter, laying a solid foundation for achieving the expected annual goals and winning the initiative to continue promoting high-quality development.

The Political Bureau of the Central Committee of the Communist Party of China held a meeting on April 30th. The meeting believes that China's stable economic foundation, multiple advantages, strong resilience, and great potential are the basic characteristics and trends of the current economic operation. It is necessary to enhance confidence in doing a good job in economic work.

Striving for progress while maintaining stability and promoting stability through progress, with stronger development momentum

How can the good situation continue? How to overcome difficulties and challenges? Where does high-quality development come from?

In a crucial year, we will highlight the key points, grasp the key points, strive for progress while maintaining stability, promote stability through progress, establish first and then break through, and promote high-quality development.

Since the beginning of this year, from the central to local governments, we have continuously increased macroeconomic regulation efforts, highlighted the work of stabilizing expectations, growth, and employment, and actively made progress in transforming modes, adjusting structures, improving quality, and increasing efficiency and benefits. The policy effects have been continuously evident.

The foundation of stability has been further consolidated.

Looking at the supply, the development trend of industry and service industry is good. In the first quarter, industrial added value increased by 6% year-on-year, with a significant rebound compared to the same period last year and the fourth quarter of last year; The added value of the service industry increased by 5% year-on-year, maintaining a rapid growth.

Based on demand, the "three carriages" drive more coordination. In the first quarter, fixed assets investment increased by 4.5% year on year, 1.5 percentage points faster than that of last year; The total retail sales of consumer goods increased by 4.7% year-on-year; The export volume increased by 4.9%, an increase of 4.3 percentage points compared to the entire year last year.

Looking at people's livelihoods, employment prices are basically stable. In the first quarter, the average national urban survey unemployment rate was 5.2%, a decrease of 0.3 percentage points from the same period last year; The national consumer price index remained unchanged year-on-year; The per capita disposable income of Chinese residents increased by 6.2% in real terms, continuing to be faster than the economic growth rate.

Looking at expectations, market confidence is steadily recovering. In the first quarter, the total profit of industrial enterprises above designated size increased by 4.3% year-on-year, and the efficiency of the enterprises recovered quickly.

In April, the Purchasing Managers Index of China's manufacturing industry was 50.4%, which was in the expansion range for two consecutive months.

Put the overall situation and stability first; Plan for the overall situation and respond steadily. Stabilizing the macroeconomic situation has become an important foundation for high-quality development.

The trend of "advancing" is becoming increasingly apparent.

Currently, in the face of a new round of technological revolution and industrial transformation, increasing innovation efforts, scientifically laying out technological and industrial innovation, and accelerating the development of new quality productive forces can grasp and lead the times.

Starting from "new" and moving towards "new". Each region and department seizes opportunities, strives to be the first, and develops new quality productive forces according to local conditions. Beijing actively cultivates future industrial clusters such as robotics and commercial aerospace, Shanghai accelerates the layout of new tracks such as large models and humanoid robots, Shenzhen strengthens basic research investment, and deeply integrates the innovation chain, industry chain, capital chain, and talent chain.

——Ignite the innovation engine and provide more abundant development momentum.

Reaching new heights. At the headquarters of Trina Solar in Changzhou, Jiangsu Province, there is a patent wall showcasing its competitiveness: the total number of patents exceeds 4000, breaking the world record for photovoltaic cell conversion efficiency and module output power 25 times... In the first quarter, Trina Solar shipped approximately 14 gigawatts of photovoltaic modules.

Both production and sales are thriving. In the first quarter, the production and sales of new energy vehicles reached 2.115 million and 2.09 million respectively, with year-on-year growth of 28.2% and 31.8%.

Faster and stronger. The trial production of the new generation "Fuxing" high-speed train prototype has been smooth, with a commercial operating speed of up to 400 kilometers per hour.

We must firmly grasp the "bull's nose" of innovation, actively cultivate and develop new quality productive forces, and maintain a good momentum of new investment and infrastructure. In the first quarter, the added value of high-tech manufacturing industry above designated size increased by 7.5% year-on-year, and investment in high-tech industries increased by 11.4% year-on-year. The construction of new infrastructure such as 5G base stations, East West computing, and fiber optic communication accelerated, and the "first driving force" of innovation became stronger.

——Continuous transformation and upgrading, with a more optimized industrial structure.

Entering the Guangdong Guanxing Ceramic Production Workshop, a row of volleyball mills operate at high speed, with over 400 sensors monitoring the real-time operation status of the equipment. Relying on the intelligent diagnosis of Inspur Yunzhou industrial Internet platform, the failure rate was reduced by 60% and the production efficiency was significantly improved.

Transforming and upgrading traditional industries, and steadily advancing industrial upgrading. At present, the integrated application of industrial Internet has expanded to 49 major categories of national economy, forming more than 200 industrial Internet demonstration application benchmarks, and the number of "5G+industrial Internet" projects has exceeded 10000.

——Adhere to green development, with a clearer foundation for development.

Ningbo Zhoushan Port in Zhejiang Province is promoting electric trucks, covering high and low voltage shore power, and implementing integrated wind and solar energy storage projects, bidding farewell to the "diesel flavor" and achieving "smoke-free", with a strong "green" meaning as the "largest port".

To enhance green supply, accelerate green transformation, and strengthen the green industry, in the first quarter, the energy consumption per unit of GDP decreased by 0.1% year-on-year, and the proportion of coal consumption decreased by 1.1 percentage points compared to the same period last year; The market share of new energy vehicles reached 31.1%, and clean energy power generation increased by 6.9% year-on-year, highlighting the "universal form" of green energy.

The advancement of technology, the revitalization of industries, the renewal of cities, and the emergence of new quality productive forces are all driving forces for high-quality development.

"The Chinese economy achieved a good start in the first quarter, laying a solid foundation for achieving the annual goals. With the continuous effectiveness of various policy measures introduced and implemented earlier, the momentum of China's economic recovery will continue to consolidate. We have more confidence and confidence to complete the annual goals and tasks with high quality." said Yuan Da, Deputy Secretary General of the National Development and Reform Commission and Director of the National Economic Comprehensive Department.

Balancing supply and demand, coordinating urban and rural areas, and expanding development space

On the land of Jingji, the construction of the Beijing Binhai intercity railway is busy, the construction of the Xiongxin high-speed railway is in full swing, and the Beijing Tang intercity railway is advancing in an orderly manner, accelerating the formation of the "Beijing Tianjin Hebei railway on the track";

Chengdu Chongqing Twin Cities, with unified spatial planning and industrial layout, the number of major projects jointly constructed by Sichuan and Chongqing has been expanded to 300, and the annual planned investment exceeds 400 billion yuan;

The vast Chinese economy carries and nurtures enormous development space. The Central Economic Work Conference proposed to stimulate potential consumption and expand effective investment, and to promote urban-rural integration and regional coordinated development.

——Smooth supply and demand, unleash new potential.

Currently, China's economy has shifted from a stage of high-speed growth to a stage of high-quality development. As the world's second-largest economy, how can we find increment and improve quality from the stock?

China FAW has launched a maximum exchange subsidy of 50000 yuan to encourage consumers to exchange new cars; JD Group, in collaboration with over 10000 home appliance brands, provides a maximum discount of 2000 yuan for replacement subsidies... Currently, the consumer goods trade in campaign is being carried out both online and offline.

Policy guidance, central local linkage, and merchant response have gradually shown their effectiveness. In the first quarter, industrial investment increased by 13.4% year-on-year, automobile sales increased by 10.6% year-on-year, and household appliance consumption increased by 5.8% year-on-year, accelerating the release of market space. Jin Xiandong, Director of the Policy Research Office of the National Development and Reform Commission, stated that under the guidance of expanding domestic demand and promoting consumption policies, various regions and fields are continuously innovating consumption scenarios and optimizing consumption environments, and there are increasing positive factors supporting consumption growth.

——Integrate urban and rural areas to create new opportunities.

In the morning, stroll through the countryside and experience the beauty of the village; In the afternoon, do pottery and learn tie dyeing in the art tribe; After dinner, play guitar and sing folk songs together

In Danzhou Township, Wuling District, Changde City, Hunan Province, villagers have moved to the city to work and settle down, turning their old houses into idle ones; Citizens are rooted in the countryside in reverse, transforming idle houses into "cultural tribes", integrating urban and rural areas, and creating a beautiful and colorful countryside.

Currently, China has entered the middle and later stages of rapid urbanization development, and there is still considerable room for improvement in the urbanization rate. Promote the urbanization process of nearly 300 million agricultural migrant workers, accelerate urban renewal, upgrade transportation and telecommunications infrastructure, and promote the resonance of new urbanization and comprehensive rural revitalization. The integrated development of urban and rural areas will also release sustained momentum.

——Coordinate the east, the west and the east, and break out of Xintiandi.

A Zhongguancun, with multiple "sub numbers" in Tianjin and Hebei.

"The research and development is in Beijing, and the achievements are transformed into the Binhai New Area, providing a new model for collaborative development." Li Xudong, Deputy General Manager of Kexin (Tianjin) Ecological Agriculture Technology Co., Ltd., introduced that with the help of the Tianjin Binhai Zhongguancun Science and Technology Park platform, Kexin Company closely integrates the new generation of information technology with agriculture and has put more than 50 intelligent agricultural planting and production bases into operation nationwide.

The drop nurtures potential energy. The imbalance in regional development is both a weakness and a potential. The East West is mutually beneficial, the North South is coordinated, land and sea are coordinated, and the difference in potential energy is transformed into the sum of kinetic energy, revitalizing the Chinese economy. In the first quarter, the contribution rate of domestic demand to economic growth reached 85.5%.

Deepening reform, expanding opening up, and having more vitality in development

Reform and opening up is an important magic weapon for the cause of the Party and the people to catch up with the times in a big stride, and a key move to determine the success or failure of Chinese path to modernization.

  At the National People's Congress and the Chinese People's Political Consultative Conference, it was emphasized that "we should plan major measures to further comprehensively deepen reform"; Hosted the fourth meeting of the Central Committee for Comprehensively Deepening Reform, calling for "continuous deepening of reform efforts"

In a crucial year, make good use of the key move of reform and opening up, and continuously enhance the endogenous driving force and vitality of development.

——Support the development and growth of the private economy, and strengthen the confidence of enterprises.

Entering the production workshop of Zhejiang Jiucheng Cleaning Equipment Co., Ltd., workers raced against time to rush orders, with over 800 car washing equipment orders waiting to be delivered.

"This year's output value is expected to reach 20 million yuan," sighed Lv Xiaoying, the general manager of the company. At the end of last year, the old factory building could not be renewed due to unforeseen circumstances. Thanks to the help of government departments in promoting it, a new factory building was found in just three days and the relocation was quickly completed. "The development momentum is even higher.".

Remember the instructions and take active actions in various regions: Beijing is exploring various methods such as using rewards instead of subsidies and loan interest subsidies to support private enterprises in original and leading technological breakthroughs and basic innovation transformation; Guangzhou has issued the "Regulations on Supporting the Development of Private Economy in Guangzhou", legislating to solve the problems of difficult land use and expensive financing for private enterprises

Clearing bottlenecks, boosting confidence, breaking barriers, and solving difficulties have achieved new results in the development of the private economy: in the first quarter, the added value of private industrial enterprises above designated size increased by 5.4% year-on-year; Private investment increased by 0.5%, with manufacturing sector private investment increasing by 11.9%; The import and export of private enterprises denominated in RMB increased by 10.7%, which is 5.7 percentage points faster than the overall import and export growth rate.

——Make good use of the "five major articles" to turn the financial vitality around.

"It's beyond imagination." From scanning the code to withdrawing, in just two days, Zhang Chengcheng, the financial manager of Shanghai Yujun Biotechnology Development Co., Ltd., was very happy to receive a pure credit loan of 7.5 million yuan.

Traditional loan products are heavy on assets and mortgages, while science and technology innovation enterprises are light on assets and heavy on research and development. Funds have always been a bottleneck that restricts the development of Yujun Biotechnology. Bank of Communications Shanghai Branch has taken into account factors such as enterprise research and development level, intellectual property, and scientific and technological innovation parks in its credit analysis, and launched a "smart intellectual property loan" product to solve the urgent needs of enterprises.

Finance is the backbone of a country and the lifeblood of the national economy.  

The new "National Nine Measures" for guiding the capital market have been issued, and the county-level branches of the State Administration for Financial Supervision and Administration of China have uniformly listed and established 500 billion yuan of loans for scientific and technological innovation and technological transformation. Around the five major articles of "doing well in science and technology finance, green finance, inclusive finance, pension finance, and digital finance", financial reform measures have been implemented and effective one after another. In the first quarter, RMB loans increased by 9.46 trillion yuan, and the interest rate for newly issued corporate loans was 3.75%, maintaining a historical low level. Financial vitality continued to nourish the real economy.

——Resolutely expanding opening up and bringing the Chinese market to life.

BASF Shanshan Battery Materials Co., Ltd., a Sino German joint venture, is the best window to observe China's expansion of opening-up.

Rooted in China, deeply cultivated in China. Recently, the second phase project of BASF Shanshan located in Changsha has been completed and put into operation, and the annual production capacity of positive electrode materials will be increased to 100000 tons.

Fully lift restrictions on foreign investment access in the manufacturing industry, and carry out pilot projects for expanding value-added telecommunications services and opening up to the outside world in Beijing and four other places; We will carry out the key activities of "Investing in China" with precision, continuously implement the supporting measures of "24 Measures for Foreign Investment", and regularly hold roundtable meetings for foreign-funded enterprises... We will deepen the high-level opening-up to the outside world.

Standard Chartered Securities, a wholly foreign-owned securities company, has officially launched its business in Beijing; The main project of the Zhongsha Gulei ethylene project with a total investment of approximately 44.8 billion yuan has fully started construction... In the first quarter, the number of newly established foreign-funded enterprises reached 12000, a year-on-year increase of 20.7%.

The magnetic force of attracting foreign investment remains strong, and the quality and quantity of foreign trade remain stable.

In the first quarter, China's import and export scale exceeded 10 trillion yuan for the first time, with a growth rate reaching a new high in six quarters; Exports to countries jointly building the "the Belt and Road" totaled 2.68 trillion yuan, up 7% year on year; The China Europe freight train has operated a total of 4541 trains, sending 493000 TEUs of goods, with year-on-year growth of 9% and 10% respectively, and the import and export scale has reached a new level.

With the strategy of reform for development, the momentum of opening up, and the source of innovation, China's economic vitality is even more abundant.

Looking at the whole year from the beginning, we have gained stronger confidence in the Chinese economy.

After the release of the first quarter report, international institutions such as Goldman Sachs and Morgan Stanley have raised their expectations for China's economic growth this year. The 2024 Asian Development Outlook released by the Asian Development Bank predicts that China will contribute 46% of the economic growth of developing countries in Asia from 2024 to 2025, and will continue to be the largest contributor to global economic growth.

"In the first quarter, both the manufacturing and service industries on the supply side, as well as the consumption and investment on the demand side, showed an improvement trend. The accumulation of these positive factors will further consolidate the foundation for the economic recovery and improvement." said Wang Yiming, Vice Chairman of the China International Economic Exchange Center.

Based on the beginning of the year, we must continue to consolidate and enhance the positive trend of economic recovery.

Grasp implementation and promote development. To do a good job in economic work, we must continue to consolidate the foundation and cultivate the foundation, coordinate stable growth and increase momentum, give full play to the leading role of policies, strengthen the combination effect of policies, pay more attention to precise policy implementation, grasp the refinement and implementation of the spirit of the Central Economic Work Conference and the National Two Sessions, accelerate the implementation and effectiveness of various deployments, and strive to achieve the annual development goals and tasks with high quality.

People's Daily (May 6, 2024, 01 edition)

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Weekend living room

China's economic strength has leapt to a new level. In the process of shifting towards high-quality development, continuous innovation and improvement of macroeconomic regulation have resulted in both a reasonable increase in quantity and a steady improvement in quality in economic development.

05-06 16:22

Shanghai

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Xiaozi White

Standing at a new historical starting point, maintaining strategic determination, firm confidence in victory, and courageously advancing towards established goals, China's economic and social development will surely create new and greater miracles.

05-06 16:20

Jiangsu Province

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Bones are all hard

China is accelerating its path towards higher quality, efficiency, fairness, sustainability, and security in development.

05-06 16:23

Guangxi

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Baidu Netizen 5936e859

China has achieved remarkable results in multiple fields such as technological innovation, infrastructure construction, and green development, promoting comprehensive economic growth.

05-06 16:21

Shanghai

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Zhang Mengliangzi

Economic development involves both rational quantitative growth, steady qualitative improvement, and sustained structural optimization.

05-06 16:23

Tianjin

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Baidu Netizens 7d6a7a40

Collaborative development in multiple fields, comprehensive acceleration of the Chinese economy, and promotion of national modernization to a new level.

05-06 16:23

Jilin

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Sunlit Super Brother

China, which has entered a stage of high-quality development, has significant institutional advantages, improved governance efficiency, and long-term economic growth.

05-06 16:22

Sichuan

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Baidu Netizen edc172d7

Guided by the new development concept, the Chinese economy has opened up a brighter new journey of high-quality development in the vast sea.

05-06 16:18

Guizhou

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Zhao Guolao Driver

With the flourishing development in multiple fields, the Chinese economy has comprehensively accelerated, demonstrating strong resilience and vitality.

05-06 16:19

Shanghai

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Baidu netizen d2b183cm

While maintaining a medium to high speed, the Chinese economy has a stronger physique and more abundant value.

05-06 16:19

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Dreams must persist

China's economic strength, technological strength, and comprehensive national strength have reached a new level, continuing to write about China's miracle and demonstrating China's strength.

05-06 16:23

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The scars of rouge

China is accelerating its path towards higher quality, efficiency, fairness, sustainability, and security in development.

05-06 16:23

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Burial Tomb

Adhere to the principle of quality first and efficiency first, effectively transform the development mode, and promote changes in quality, efficiency, and motivation.

05-06 16:21

Hubei Province

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Cen is two years old

In the rise of emerging industries and the upgrading and transformation of traditional industries, the Chinese economy has achieved vigorous development in multiple fields and comprehensive acceleration.

05-06 16:19

Hunan

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How to dye the fragrance of white plums

Multiple fields are advancing together, and the Chinese economy is showing a thriving development trend, becoming a highlight of the global economy with comprehensive acceleration.

05-06 16:19

Shandong Province

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The Little Diamond Wind Monastery Patrolling the Mountains

China's high-quality development is accelerating, and all industries are striving to contribute to the prosperity of the country.

05-06 16:22

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Anxuan Free Person

We will work together with courage and determination, anchor the path of high-quality development, and strive to achieve various social development goals and tasks!

05-06 16:18

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Baidu Netizen b1ecbd6e

The continuous growth of the Chinese economy in various fields has injected strong impetus into the global economic recovery.

05-06 16:20

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Baidu Netizen 2b409af4

To better benefit all people with the achievements of development and continuously realize their aspirations for a better life.

05-06 16:23

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A piece of purple maple

Starting from the beginning of the new year, let's draw a blueprint together! Anchor development and increase motivation!

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