The main economic data released in the first 5 months-

China's economy is showing a steady and positive trend (Rui Finance)

  On June 16, the National Bureau of Statistics released the latest data on the operation of the national economy in May.

On the whole, China’s economy continued the good momentum of the previous stage in May. Production demand continued to recover, emerging kinetic energy was cultivated and strengthened, the employment situation was generally stable, corporate efficiency continued to improve, development resilience continued to show, and continued to show stability, strengthening, and stability. Good situation.

  At the press conference of the Information Office of the State Council, Fu Linghui, spokesperson for the National Bureau of Statistics, said that in the next stage, we must adhere to the general tone of the work of seeking progress while maintaining stability. Stability and sustainability will help companies relieve difficulties, vigorously promote reform and innovation, accelerate the release of domestic demand potential, focus on smoothing economic cycles, maintain economic operations within a reasonable range, and promote high-quality economic development.

Important indicators have risen steadily

  The value added of the national industrial enterprises above designated size increased by 8.8% year-on-year, the total retail sales of consumer goods were 3,594.5 billion yuan, the total import and export of goods increased by 26.9% year-on-year, and the surveyed unemployment rate in cities and towns across the country decreased by 0.9 percentage points from the same period last year. The indicator further conveyed a positive signal of "stability".

  Fu Linghui said that the effectiveness of coordinating epidemic prevention and control and economic and social development continued to show in May, and the national economy remained stable and recovered.

Specifically, it is mainly manifested in the following aspects:

  One is the continuous growth of production demand.

In May, the added value of industrial enterprises above designated size increased by an average of 6.6% in two years, and the service industry production index increased by an average of 6.6% in two years.

At the same time, investment and consumption growth accelerated.

From January to May, the two-year average growth of investment in fixed assets was 4.2%, 0.3 percentage points faster than that from January to April.

  Second, the emerging momentum continues to grow.

In May, the added value of high-tech manufacturing above designated size increased by an average of 13.1% in two years, which was significantly faster than the growth rate of all industries.

From January to May, the two-year average growth of investment in high-tech industries was 13.2%, faster than the growth of total investment.

At the same time, the platform economy, online retail, and online education continued to be active.

  Third, the market vitality has steadily improved.

With the improvement of the business environment, tax cuts and fee reductions have been effective, and corporate profits and expectations have continued to improve.

From January to April, the profits of industrial enterprises above designated size increased by 1.06 times year-on-year, an average increase of 22.3% over the two years.

The profit of the service industry above designated size increased 3.3 times year-on-year, and the total amount also exceeded the same period in 2019.

In May, the manufacturing purchasing managers' index reached 51%, continuously stabilizing above the threshold.

  Fourth, employment and people's livelihood continued to improve.

In May, the surveyed unemployment rate in cities and towns nationwide was 5%, a decrease of 0.1 percentage point from the previous month. Among them, the unemployment rate of the 25-59 year-old employed population was 4.4%, a decrease of 0.2 percentage point from the previous month.

A virtuous circle between supply and demand

  From the macro data, the virtuous circle between supply and demand is very obvious.

  ——The consumer market is becoming more vigorous.

According to Shen Junli, a statistician from the Department of Trade and Foreign Economic Cooperation of the National Bureau of Statistics, from January to May, the total retail sales of consumer goods increased by 25.7% year-on-year; the two-year average growth rate was 4.3%, an increase of 0.1% from January to April.

Especially during the May 1st holiday this year, 230 million domestic tourists traveled nationwide, an increase of 119.7% year-on-year, and recovered to 103.2% of the same period before the epidemic on a comparable basis; domestic tourism revenue was 113.23 billion yuan, an increase of 138.1% year-on-year.

"As the epidemic prevention and control becomes more precise and effective, a series of measures to cultivate a complete domestic demand system and comprehensive consumption promotion policies and measures continue to take effect, and the consumer market is expected to continue to recover steadily."

  ——Investment growth in key areas is good.

From January to May, manufacturing investment increased by 20.4% year-on-year; real estate development investment increased by 18.3% year-on-year; the two-year average growth rate was 8.6%.

At the same time, from January to May, private investment increased by 18.1% year-on-year, an increase of 0.8 percentage points from January to April.

In addition, investment in the production and supply of electricity, heat, gas and water, investment in agriculture, forestry, animal husbandry and fishery, and investment in high-tech industries also have a good growth trend.

  ——The steady recovery of industrial production.

Changjiang Yuan, deputy director of the Department of Industry of the National Bureau of Statistics, said that in May, the added value of the equipment manufacturing industry increased by 10.9% year-on-year, with an average growth of 10.2% in two years, and continued to maintain double-digit growth.

In terms of industries, the metal products, electrical machinery, and general equipment industries increased by 19.2%, 18.7%, and 13.8% respectively, maintaining rapid growth.

The production of high-tech products continued to be rapid, with smart watches, industrial robots, service robots, carbon fiber and their composite materials increasing by 87.5%, 50.1%, 49.2%, and 43.3% respectively.

  Analysts believe that China's economy will continue to recover whether from the supply side or the demand side, and the latest May national economic data confirms this judgment.

Long-term positive fundamentals remain unchanged

  From north to south, the booming construction scene has become a vivid footnote to China's economic stability.

  According to data from China Construction Machinery Industry Association, in the first five months of this year, my country’s major construction machinery companies sold a total of 200733 excavators, a year-on-year increase of 37.7%.

According to Zhang Yiqun, vice chairman of the Performance Management Committee of the Chinese Institute of Finance, a series of major urban infrastructure construction projects such as smart cities, green cities, sponge cities, cultural cities, low-carbon travel cities, and ecologically livable cities have been carried out one after another. Consumption potential and motivation will be further stimulated and released, and the momentum of economic growth will be more lasting, thus laying a solid foundation for sound economic development.

  "China has 1.4 billion people and more than 400 million middle-income groups. We have a relatively good long-term industrial foundation and a complete industrial system. The population dividend is increasing to the intellectual capital dividend, and the quality of human resources is increasing. In the long run. The fundamentals of the long-term improvement of China's economy have not changed. In the future, as the domestic and international dual cycles continue to be promoted and a new development pattern is constructed, the Chinese economy will still maintain a good development trend." Fu Linghui predicts.

  On June 17, another set of data provided by Gao Feng, the spokesperson of the Ministry of Commerce, also fully proved the “gravitational field” of China’s economy: in the first five months of this year, the country’s actual use of foreign capital amounted to RMB 481 billion (excluding banks and securities). , Insurance), a year-on-year increase of 35.4%.

  "From the situation in the first five months of this year, foreign investors continue to be optimistic about China's economic development prospects and the huge potential of the Chinese market." Gao Feng said.

  Wang Junling