The national economy in China was generally stable and witnessed good improvement and progress, as production and demand increased stably, and employment and prices improved. Public expectations of the economic situation have continued to improve, and high-quality development has seen strong progress.
Industrial production accelerated with rapid growth in equipment manufacturing and high-tech manufacturing. Some statistics and figures related to the industrial sector in China in April, which show some positive results in production, value added, and profits. The following are key points from the information you provided: The added value of industrial enterprises rose by 6.7% year on year, with an increase of 2.2 percentage points over the previous month. The manufacturing sector saw growth of 7.5%, with an increase of 3.9 percentage points from the previous month.
The high-tech equipment manufacturing sector recorded strong growth, with the added value of equipment manufacturing increasing by 9.9% and high-tech manufacturing by 11.3%. State-owned companies, joint-stock companies, and companies financed by foreign investors or from Hong Kong, Macau, and Taiwan all recorded an increase in value added. Some key products have seen significant growth, such as the production of 3D printing devices, new energy vehicles and integrated circuits. This data indicates continued improvement in China’s industrial sector during this specific time period.
The service sector continues to recover and modern services develop well
In April, the services production index grew by 3.5 percent year on year. Specifically, information transmission, software and IT services, leasing, business services, financial intermediation, transportation, warehousing and postal services grew by 10.8 percent, 6.1 percent, 5.4 percent and 4.3 percent year-on-year, respectively, 7.3 percentage points and 2.6 percent. . percentage points, 1.9 percentage points and 0.8 percentage points faster than the services production index.
In the first four months, the services production index rose 5.0 percent year on year. In the first three months, the revenue of the business of service enterprises above the specified volume increased by 8.5 percent year on year. In April, the Services Business Activity Index was 50.3 percent and the Services Business Activity Expectations Index was 57.4 percent. Specifically, the business activity index for rail transport services, road transport, postal services, telecommunications, television broadcasting and satellite broadcasting services remained within the high expansion range of 55.0 percent and above.
Market sales continued to increase and service consumption saw good and growing momentum. In April, total retail sales of consumer goods reached 3,569.9 billion yuan, up 2.3 percent year-on-year, or up 0.03 percent month-on-month. Analyzed by different regions, retail sales of consumer goods in urban areas reached 3,102.6 billion yuan, up 2.1 percent year on year; In rural areas, it reached 467.3 billion yuan, an increase of 3.5 percent. Retail sales of goods, grouped by consumption types, were 3,178.4 billion yuan, up 2.0 percent, and restaurant income was 391.5 billion yuan, up 4.4 percent. Sales of basic commodities and some improved commodities grew rapidly.
Investment in fixed assets increases and investment in high-tech industries grows rapidly
In the first four months, investment in fixed assets (excluding rural households) reached 14,340.1 billion yuan, up 4.2 percent year on year; Investment in fixed assets increased by 8.9 percent, deducting investment in real estate development. Specifically, investment in infrastructure grew by 6.0 percent year-on-year, in manufacturing by 9.7 percent, and in real estate development fell by 9.8 percent. The floor area of new commercial buildings sold was 292.52 million square meters, down 20.2 percent year on year; Total sales of new commercial buildings reached 2,806.7 billion yuan, down 28.3 percent. Depending on the industry,
Investment in the primary industry increased by 1.9 percent year-on-year, in the secondary industry by 13.0 percent, and in the tertiary industry by 0.3 percent. Private investment rose 0.3 percent, and increased by 7.2 percent deducting investment in real estate development. Investment in high-tech industries grew by 11.1 percent year on year, of which investment in high-tech manufacturing and high-tech services increased by 9.7 percent and 14.5 percent, respectively.
Regarding high-tech manufacturing, investment in the manufacture of space vehicles and equipment and in the manufacture of computers and office equipment rose by 49.6 percent and 10.2 percent, respectively. Regarding high-tech services, investment in e-commerce services and information services grew by 27.6 percent and 19.9 percent, respectively. In April, investment in fixed assets (excluding rural households) decreased by 0.03 percent month-on-month.
Services production index
The scope of gross retail sales of consumer goods includes all legal entities, institutions and self-employed individuals engaged in retail trade or the provision of catering services. Specifically, businesses larger than the specified size include wholesale establishments (self-employed companies and individuals), retail establishments (self-employed companies and individuals) and lodging and restaurant establishments (self-employed companies and individuals) that increase their annual revenue from the business The main amounts were 20 million yuan, 5 million yuan, and 2 million yuan, respectively.
Since wholesale, retail, lodging and catering establishments (businesses and self-employed individuals) above a specified size change each year, to ensure data comparability between years, data coverage of the same period of the previous year used to estimate year-on-year growth rates such as retail sales of consumer goods by Companies above the specified size correspond to the current period and differ from the data coverage published last year.
The main reasons are some institutions (firms and self-employed individuals) are included in the survey because they meet the threshold, while some institutions (firms and self-employed individuals) are removed from the survey due to downsizing every year. In addition, enterprises (companies and self-employed individuals) that have recently entered into operation, gone bankrupt, deregistered or had their business licenses revoked also have an impact.
Online retail sales refer to retail sales of goods and services made through online trading platforms (including self-built websites and third-party platforms). Goods and services include physical goods and intangible goods (such as virtual goods and services).
Total retail sales of consumer goods include online retail sales of physical goods, but not intangible goods.
