The economy has achieved a good start, accelerating the construction of a unified national market

2024-05-03

In the first quarter, the Chinese economy achieved a good start. On May 1st, the relevant person in charge of the National Development and Reform Commission stated on the economic situation and macroeconomic policies in the first quarter that a good start and a positive recovery are the basic characteristics and trends of China's current economic operation. Such an excellent "transcript" can be truly reflected from the national to local, macro to micro levels. The National Development and Reform Commission will continue to promote the deepening and implementation of the construction of a unified national market, focus on the high-quality development of the new energy vehicle industry, and effectively consolidate and enhance the positive trend of economic recovery. The person in charge of the National Development and Reform Commission introduced that since the beginning of this year, the Chinese economy has continued to rebound and improve, with steady growth and progress in structural adjustment, steady improvement in quality and efficiency, and strong guarantee of people's livelihoods. Overall market expectations have improved, achieving a stable start and a good start. Looking at the macro economy, the growth of major indicators is accelerating. In the first quarter, GDP grew by 5.3% year-on-year, with growth rates increasing by 0.1 and 0.8 percentage points respectively compared to the same period last quarter and last year. Industrial added value increased by 6%, an increase of 0.8 percentage points from the previous quarter; Fixed assets investment increased by 4.5%, 1.5 percentage points higher than last year; The import and export volume of goods priced in RMB increased by 5%, of which the export volume increased by 4.9%, an increase of 4.1 percentage points from the previous quarter. Looking at regional development, the regional economy is stabilizing and improving. Guangdong, Jiangsu, Shandong, Zhejiang and other major economic provinces in the eastern region continue to take the lead, while the three major driving forces of the Beijing Tianjin Hebei region, the Yangtze River Delta, and the Guangdong Hong Kong Macao Greater Bay Area are experiencing rapid economic growth. Looking at industry enterprises, the operational efficiency and confidence vitality are steadily improving. The total profit of industrial enterprises above designated size increased by 4.3% year-on-year in the first quarter. In the first quarter, the production of intelligent and green products such as 3D printing equipment, service robots, and new energy vehicles increased by 40.6%, 26.7%, and 29.2% respectively. Real time retail and live streaming sales drove an 11.6% increase in online retail sales of physical goods. Looking at the lives of residents, employment income continues to improve. In the first quarter, urban employment increased by 3.03 million, an increase of 60000 compared to the same period last year; The urban survey unemployment rate in March was 5.2%, a decrease of 0.1 percentage points compared to the same period last month and last year. In the first quarter, the per capita disposable income of Chinese residents increased by 6.2% in real terms, 0.9 percentage points faster than the economic growth rate. "The solid promotion of high-quality development has laid a solid foundation for achieving the annual goals," said the person in charge. According to the relevant person in charge of the National Development and Reform Commission, the effect of building a unified national market is gradually becoming apparent, with specific progress manifested in the "Five Unifications" and "Three Norms". The basic market system is more unified and improved. The negative list of market access issues has been reduced from 151 items in the 2018 version to the current 117 items. The fair competition review rules in the bidding and tendering field have been introduced, and the systems for property rights protection, market access, fair competition, and social credit have been accelerated and improved. Market facilities are more unified and unobstructed. Policies such as the "one unit system" for multimodal transportation and public resource trading have been introduced, and modern circulation networks, market information exchange channels, and other facilities continue to be optimized

Edit:people's daily    Responsible editor:人民日报海外版

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