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National Bureau Of Statistics: In April, The Main Indicators Of National Economy Continued To Improve, Showing Positive Changes.

2020/5/20 19:23:00 4

National Economy

National Bureau of Statistics: in April, under the firm leadership of the CPC Central Committee with Comrade Xi Jinping as the core, the whole country worked together to promote epidemic prevention and control and economic and social development, and the domestic situation of epidemic prevention and control continued to consolidate. The resumption of work resumed production and the resumption of the market were steadily promoted, production demand gradually improved, and the support of the basic industries was strong. The market expectation was generally stable, and the new kinetic energy was in contrarian growth and economic activity. The main indicators continue to improve since March.

1. Industrial production has been reduced and the growth rate of manufacturing industry has increased significantly.

In April, the added value of industrial above designated size increased by 3.9% over the same period last year, down by 1.1% in March, and by 2.27% over the same period. In 1-4 months, the added value of industrial above designated size decreased by 4.9% compared with the same period last year, and the decline was narrowed by 3.5 percentage points over 1-3 months. In April, according to the economic type, the added value of state-owned holding enterprises increased by 0.5%, the shareholding enterprises increased by 4%, foreign businessmen and Hong Kong, Macao and Taiwan invested enterprises increased by 3.9%, and private enterprises increased by 7%. Divided into three categories, the added value of the mining industry increased by 0.3%, the manufacturing industry grew by 5%, and in March it dropped by 1.8%; the electricity, heat, gas and water production and supply industry grew by 0.2%. High tech manufacturing and equipment manufacturing industry grew faster. In April, the added value of high-tech manufacturing and equipment manufacturing increased by 10.5% and 9.3% respectively, faster than 6.6 and 5.4 percentage points above scale industries. Judging from the output of products, the output of optical fiber cables, excavating, shoveling transportation machinery, integrated circuits, industrial robots, and minicomputer equipment increased by 43.8%, 40.8%, 29.2%, 26.6%, 26.2% respectively.

Two, the decline in the service sector has narrowed, and the modern service industry is growing better.

In April, the national service production index fell by 4.5% over the same period last year, a drop of 4.6 percentage points lower than in March. In 1-4, the production index of services decreased by 9.9% compared with the same period last year, a decrease of 1.8 percentage points from 1-3 months. From major industries, in April, information transmission, software and information technology services, finance and real estate increased by 5.2%, 4.4% and 1.1% respectively. Transportation, storage and postal services, wholesale and retail businesses, accommodation and catering industry decreased by 5%, 6.6%, and 33.7% respectively, a decrease of 9.7, 8.1 and 15.4 percentage points respectively compared with March. In the 1-3 month, business income of service enterprises above designated size decreased by 11.5% compared with the same period last year, of which 4% of information transmission, software and information technology services increased by 4%. In April, the service business activity index was 52.1%, an increase of 0.3 percentage points over March. Business activities in most sectors have been steadily restored, and 14 of the 21 industries surveyed have a business activity index above 50%. The new orders index for the service sector was 51.9%, up 2.6 percentage points from March, and the business activity expectation index was 59.2%, an increase of 2.4 percentage points.   

Three, market sales have been warmer, and the proportion of physical goods online retailing continues to increase.

In April, the total retail sales of consumer goods totaled 28178 billion yuan, down 7.5% from the same period last year, a decrease of 8.3 percentage points over March and a 0.32% increase in the chain. In 1-4 months, the total retail sales of consumer goods totaled 106758 billion yuan, down 16.2% from the same period last year, a drop of 2.8 percentage points lower than that in 1-3 months. In April, according to the location of the operating units, the retail sales of urban consumer goods amounted to 24558 billion yuan, down 7.5% compared with the same period last year, and the retail sales of rural consumer goods decreased by 362 billion yuan, down 7.7%. According to the consumption type, the restaurant income was 230 billion 700 million yuan, a decrease of 31.1%, and the retail sales of commodities amounted to 25871 yuan, a decrease of 4.6%. The commodities of basic life increased rapidly. In April, grain, oil, food and beverages increased by 18.2% and 12.9% respectively. Sales of consumer upgrading products improved. In April, communications equipment and cultural and office supplies increased by 12.2% and 6.5% respectively, up 5.7 and 0.4 percentage points respectively from March. Online retailing is more active. In 1-4 months, the total retail sales volume of the country was 30698 billion yuan, up 1.7% from the same period last year, and the decrease was 0.8% in 1-3 months. Among them, the online retail sales of physical goods increased 8.6%, 2.7 percentage points faster than that in 1-3 months, accounting for 24.1% percent of total retail sales of consumer goods, and 0.5 percentage points higher than that in 1-3 months.   

Four, investment in fixed assets has improved, and the decline in investment in high-tech industries has narrowed significantly.

In 1-4, the fixed asset investment (excluding farmers) of 136824 billion yuan, down 10.3% from the same period last year, narrowed by 5.8 percentage points compared with 1-3 months, and 6.19% in April. In terms of field, infrastructure investment decreased by 11.8% compared with the same period last year, and investment in manufacturing industry dropped by 18.8%. Real estate development investment decreased by 3.3%. The decline was narrowed by 7.9, 6.4 and 4.4 percentage points respectively than that in 1-3 months. The sales volume of commercial housing in the country decreased by 339 million 730 thousand square meters, 19.3%, and the sales volume of commercial housing reached 31863 billion yuan, a decrease of 18.6%. The decline was narrowed by 7 and 6.1 percentage points respectively compared with that in 1-3 months. According to the industry, the investment in the primary industry has dropped by 5.4%, the second industry investment has dropped by 16%, and the investment in the third industry has dropped by 7.8%. The decline has narrowed 8.4, 5.9 and 5.7 percentage points respectively than that in 1-3 months. The investment in high-tech industry dropped by 3%, a decrease of less than 7.3 percentage points of total investment, narrowing by 9.1 percentage points from 1-3 months, and the investment of high technology manufacturing industry and high technology service industry decreased by 3.6% and 1.7% respectively. In the high-tech manufacturing industry, computer and office equipment manufacturing investment increased by 15.4%. In high-tech service industries, the investment in science and technology transformation services, e-commerce services and professional and technical services increased by 28%, 25.6% and 12.5% respectively. Investment in the social sector decreased by 3.1%, narrowing by 5.7 percentage points compared to 1-3 months, and the growth rate of investment in health and education increased from 4.7% to 2.9%.   

Five, consumer price inflation continued to fall, industrial producer prices increased.

In April, the national consumer price rose by 3.3% over the same period, or 1 percentage points lower than that in March, a decrease of 0.9%. In 1-4, consumer prices nationwide rose 4.5% over the same period last year. In April, the prices of food, tobacco and alcohol rose by 11.3% compared with the same period last year, the clothing decreased by 0.4%, the residence decreased by 0.3%, the daily necessities and services increased by 0.1%, traffic and communications decreased by 4.9%, educational culture and entertainment increased by 2%, medical care increased by 2.2%, and other goods and services increased by 4.8%. In the price of food, tobacco and wine, grain increased by 1.2%, fresh vegetables decreased by 3.7%, pork increased by 96.9%, and fresh fruits decreased by 10.5%. After deducting food and energy prices, the core CPI rose 1.1%, or 0.1 percentage points lower than in March.

In April, the producer prices of industrial producers fell by 3.1% over the same period last year, a decrease of 1.6 percentage points over March and a decrease of 1.3% over the same period. The purchasing price of industrial producers decreased by 3.8% compared to the same period last year, down by 2.3%. In the month of 1-4, the producer prices of industrial producers and the purchasing prices of industrial producers decreased by 1.2% and 1.5% respectively.   

Six, the unemployment rate of urban survey has increased slightly, and the employment of major groups is generally stable.

In 1-4 months, 3 million 540 thousand new jobs were created in cities and towns nationwide, representing an increase of 1 million 50 thousand compared with the same period last year. In April, the unemployment rate of urban survey in China was 6%, an increase of 0.1 percentage points over March. Among them, the unemployment rate of the 16-24 year old population and the 25-59 year old population were 13.8% and 5.5%, respectively, 0.5 and 0.1 percentage points higher than that of March. The unemployment rate in 31 big cities and towns was 5.8%, up 0.1 percentage points from March. In April, Zhou Pingjun, the national employment officer, worked for 44.3 hours, which was 0.5 hours lower than that in March.

Seven, exports of goods grew year-on-year, and trade structure continued to optimize.

In April, the total import and export volume of goods was 24966 billion yuan, down 0.7% from the same period last year, a drop of 0.1 percentage points lower than that in March. Among them, exports of 14074 billion yuan, an increase of 8.2%, in March, a drop of 3.5%; imports of 10892 billion yuan, down 10.2%. The trade surplus is 318 billion 100 million yuan. In 1-4 months, the total import and export volume of goods was 90713 billion yuan, down 4.9% from the same period last year. Among them, exports of 47435 billion yuan, a decrease of 6.4%; imports of 43278 billion yuan, a decrease of 3.2%. The structure of trade pattern continues to be optimized. In 1-4 months, the proportion of general trade imports and exports in total import and export volume was 59.8%, an increase of 0.2 percentage points over the same period last year. The proportion of imports and exports of private enterprises accounted for 43.2% of imports and exports, an increase of 2.3 percentage points over the same period last year.

Overall, the main economic indicators in April have improved, and China's economic operation is gradually normalizing. At the same time, we must also see that the current outbreaks are still spreading and the domestic economic recovery is still facing many challenges. In the face of complex situations, we should take Xi Jinping's new socialist ideology with Chinese characteristics as the guide, coordinate efforts to promote epidemic prevention and control and economic and social development. Under the premise of normalization of epidemic prevention and control, we must adhere to the general keynote of keeping steady and strive for progress, adhere to the new development concept, adhere to the supply side structural reform as the main line, and do a solid job of "six stability" and fully implement the "six guarantees" task. We should effectively expand domestic demand, strive to help enterprises to bail out, stabilize the basic economic plates, and strive for stable and healthy development of the economy, ensure that the decisive battle is completed and the goal of tackling poverty is tackled and the well-off society is built in an all-round way.

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