China News Service, Beijing, July 14 (Reporter Wang Enbo) Recently, China is intensively disclosing economic data in various fields in the second quarter.
Although the most closely watched figures such as gross domestic product (GDP) growth have not yet been released, a number of indicators announced in advance have revealed important signals.
Data map: Container trucks drive in Shanghai Yangshan Deepwater Port.
Photo by Yin Liqin
Since the beginning of this year, affected by unexpected factors such as the rebound of the domestic epidemic and the Ukraine crisis, China's economic operation has fluctuated from late March to mid-May.
However, with the positive results of epidemic prevention and control in key regions and the gradual release of the effects of economic stabilization policies, the economy stabilized and rebounded rapidly in June.
According to the latest data released by the General Administration of Customs, China's total import and export value in June grew by 14.3% year-on-year, hitting a new high since a single month this year.
The analysis believes that there are technical factors such as exchange rates and prices, but the continued progress of resumption of work and production in key areas and the accelerated opening of supply chain nodes have played a key role.
Wen Bin, chief economist of China Minsheng Bank, said that the foreign trade data in June was better than market expectations, and the performance can be described as strong.
The backlog of export orders affected by the epidemic in the early stage was released in a concentrated manner, especially in the Yangtze River Delta region, where work and production resumed in an orderly manner, and imports and exports recovered rapidly, driving the overall growth rate of foreign trade across the country to pick up significantly.
The resumption of work and production has accelerated, which can also be seen from the re-activation of industrial operations.
Yuan Da, director of the National Economic Comprehensive Department of the National Development and Reform Commission, said that after a brief decline in April, China's industrial operations returned to positive growth in May, and production continued to accelerate in June. Month; Manufacturing Purchasing Managers Index (PMI) was 50.2%, up 0.6 percentage points from the previous month.
The operation of the service industry, which was obviously hit by the epidemic, has gradually come out of the trough.
In June, the service industry business activity index was 54.3 percent, up 7.2 percentage points from the previous month, and the service industry business activity expectation index rose 5.8 percentage points to 61 percent.
Lack of demand has been one of the major concerns about the Chinese economy.
The situation has also improved.
Official data shows that from the perspective of investment leading indicators, the number of newly started projects in the first five months of this year increased by 26.1% year-on-year, and the total planned investment in newly started projects increased by 23.3%.
Recently, a new policy bank credit line of 800 billion yuan (RMB, the same below) has been added, and 300 billion yuan of policy and development financial instruments have been created.
With the effective control of the epidemic, household consumption has also recovered steadily.
During the early afternoon festival, market consumption rebounded significantly, and online retail sales grew rapidly. In June, the box office of Chinese films increased significantly by 1.7 times compared with the previous month.
This demand recovery trend is confirmed by financial data.
In June, China's RMB loans increased by 2.81 trillion yuan, a sharp increase of 686.7 billion yuan year-on-year.
Among them, loans to the household sector improved significantly, while loans to the corporate sector continued to grow rapidly.
Liang Si, a researcher at the Bank of China Research Institute, believes that the increase in credit data in June indicates that the financing needs of the real economy have increased significantly.
Considering that June itself is a month of high capital demand, coupled with the strong motivation of enterprises to rush to work and resume production, the financial data has strengthened significantly, which is expected, and the continuity still needs to be closely observed.
However, if the epidemic does not recur, capital demand is expected to recover steadily, and financial data is expected to continue to pick up.
China's overall economic market has stabilized, and positive changes in key areas have continued to increase.
The reporter learned from the National Development and Reform Commission that the total economic volume of the 12 provinces under the special supervision of the State Council to stabilize growth, stabilize market entities and ensure employment accounts for about two-thirds of China. At present, most provinces have maintained positive economic growth and are expected to grow faster than the country. Fujian, Shandong, Hubei, Hunan and other provinces played a better role in supporting and pulling.
In particular, the economies of the provinces that have been greatly affected by the epidemic have improved significantly. Enterprises in Shanghai, Jilin and other regions have been "strengthening" and accelerated to make up for the "gap" in the early stage. The electricity consumption of key enterprises in Shanghai is more than double that of the same period last year.
Yuan Da pointed out that in the face of internal and external periodic and sudden factors, China's economy has stabilized and rebounded in a relatively short period of time, showing strong resilience and huge potential, which fully shows that the good momentum of China's sustainable and healthy economic development has not changed. The factors of production conditions for high-quality development have not changed, and the fundamentals of long-term improvement have not changed.
As various policies to stabilize the economy are further implemented and effective, China's economy is expected to maintain the momentum of recovery in the second half of the year.
(Finish)