China News Service, Beijing, April 20 (Reporter Liu Yuying) The three major demands of consumption, export and investment rebounded steadily in the first quarter, and China's industrial growth gradually entered a virtuous circle.
Data show that in the first quarter, the value added of China's industrial enterprises above designated size increased by 24.5% year-on-year, and the two-year average growth rate was 6.8%, an increase of 2.01% month-on-month; the industrial capacity utilization rate reached 77.2%, the highest value since 2013.
"Industrial production has basically returned to the normal level before the epidemic," said Huang Libin, spokesperson of the Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, at a press conference held by the State Council Information Office on the 20th.
Huang Libin said that domestic and international demand has steadily recovered, consumption potential has continued to be released, industrial product exports have maintained rapid growth, manufacturing investment has also recovered, and industrial growth has gradually entered a virtuous circle track.
According to reports, the output of smart low-carbon products increased rapidly in the first quarter, and the output of new energy vehicles, industrial robots and other products increased by 3.1 times and 1.1 times respectively year-on-year.
New business formats and new models continue to emerge. New models such as live streaming, remote office, online diagnosis and treatment are developing well, and online and offline integration is speeding up.
The measures to assist enterprises have also seen results.
In the first two months, the cost and expenses of each hundred yuan of operating income of industrial enterprises above designated size decreased by 1.16 yuan (RMB, the same below) and 1.38 yuan respectively year-on-year, and the operating income profit margin reached 6.6%. "This figure is also relatively high in recent years. Level", Huang Libin said.
Huang Libin believes that in the first quarter, the industrial economy showed a "three-stable" trend of stable recovery, steady strengthening, and steady improvement.
At the same time, they are facing problems such as rising raw material costs and shortage of chip supply.
However, the fundamentals of China's long-term economic improvement have not changed, and this year has the confidence to achieve a good start to the "14th Five-Year" industrial economy.
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