Ministry of Industry and Information Technology of China: Industrial economy in the second quarter is expected to continue to rebound
China News Agency, Beijing, May 20 (Reporter Liu Yuying) In April, the growth rate of the added value of China's above-scale industries increased from negative to positive. Chinese Minister of Industry and Information Technology Miao Wei said in Beijing on the 20th that the industrial economy in the second quarter is expected to continue its upward trend.
From January to April this year, the added value of China's industrial enterprises above designated size fell by 4.9% year-on-year, a negative increase that has not been seen in many years. The added value of industrial enterprises above designated size in April changed from a decrease of 1.1% last month to an increase of 3.9%. "From negative to positive, this is a very positive signal," Miao Wei said at the press conference of the State Council Information Office held on the 20th.
At present, China's resumption of production and production has been accelerated and expanded, and the supply chain of the industrial chain has remained stable. As of May 18, the average start-up rate and the rate of reinstatement of employees in industrial enterprises above designated size nationwide reached 99.1% and 95.4%, respectively, basically reaching normal levels.
According to Miao Wei, most industries have resumed growth, production growth in the raw materials industry has turned positive, production in the machinery industry has gradually picked up, and consumer goods industries such as light industry and textiles have continued to recover. Car sales achieved positive growth for the first time after 21 consecutive months of decline.
Some industries are growing against the trend. Miao Wei introduced that the growth rate of value added of high-tech manufacturing rebounded to 8.9% and 10.5% in March and April, respectively, faster than the growth rate of industrial added value above the overall size. The recovery of the electronic information industry accelerated. In April, the output of integrated circuits increased by 29.2%, and the output of electronic components increased by 59.2%.
Miao Wei said that the impact of the epidemic on China's industrial economy is only periodic, and it is generally controllable, and will not change the basic trend of long-term good development.
Miao Wei believes that with the introduction and implementation of greater macroeconomic policies, the continuous advancement of resumption of production and production and the effects of various domestic demand expansion policies have shown that the industrial economy in the second quarter is expected to continue to rebound. If the global epidemic situation can be gradually controlled and the economy can be gradually recovered, it is expected that the industrial economy in the second half of the year will be better than the first half. (Finish)