CCTV News:According to the data released by the National Bureau of Statistics today (April 18th), consumption growth picked up significantly in the first quarter. From the perspective of market sales, the total sales of social consumer goods in the first quarter increased by 5.8% year-on-year, and the contribution rate to economic growth reached 66.6%, which is the most important factor driving economic growth among the three major demands.
Service consumption rebounded significantly. With the gradual decline of the epidemic situation and the increase of consumption scenes, the contact consumption of residents such as going out, catering, entertainment and tourism increased rapidly, and the national catering revenue increased by 13.9% in the first quarter. From the per capita situation of residents, in the first quarter, the per capita service consumption expenditure of the national residents increased by 6.2% year-on-year, which was obviously faster than the per capita consumption expenditure of all residents.
The growth of commodity sales is good. With the gradual release of consumer demand, the growth of upgrading consumption has accelerated, and the consumption of basic life has continued to grow, supporting the steady recovery of commodity sales. In the first quarter, the retail sales of goods increased by 4.9% year-on-year. Nearly 70% of the retail sales value of 18 categories of commodities above designated size increased year-on-year.
Online and offline consumption growth has accelerated. With the improvement of market circulation, online consumption continues to improve. In the first quarter, the online retail sales of physical goods increased by 7.3% year-on-year, and continued to maintain rapid growth. At the same time, with the recovery of offline consumption scenes, the retail of physical stores has gradually improved. In the first quarter, the retail sales of retail stores above designated size increased by 3.6% year-on-year, with a growth rate of 1-mdash; It accelerated by 3.2 percentage points in February.
Residents’ propensity to consume has rebounded. With the economic stabilization and recovery, the employment situation has gradually improved, consumption scenarios have been increasing, and residents’ consumption confidence has been improved, which has led to an increase in average consumption tendency. In the first quarter, the average consumption tendency of the national residents was 62%, an increase of 0.2 percentage points over the same period of last year.
Fu Linghui, spokesperson of the National Bureau of Statistics and director of the National Economic Statistics Department:On the whole, since the beginning of this year, the overall consumption has shown a recovery trend. However, we should also see that residents’ willingness to consume needs to be further improved. In the next stage, we should do everything possible to increase residents’ income, actively increase quality supply, effectively combine expanding consumption with supply-side structural reform, continuously release consumption potential, continuously promote economic development, and improve people’s livelihood and well-being.
China economy quarterly report: China’s foreign trade development resilience continues to show.
In addition, at today’s press conference of the State Council Office, the relevant person in charge of the National Bureau of Statistics introduced that in the first quarter of this year, China solidly promoted high-level opening up, and the resilience of foreign trade development continued to emerge, which was conducive to achieving the goal of promoting stability and improving quality of foreign trade throughout the year.
In the first quarter, China’s total import and export of goods was 9,887.7 billion yuan. Among them, exports reached 5,648.4 billion yuan, an increase of 8.4%. China vigorously promotes foreign trade to promote stability and improve quality, and actively explores trade with emerging markets and developing countries such as the "Belt and Road". The resilience of foreign trade development continues to show. China’s total import and export of goods to countries along the Belt and Road increased by 16.8% year-on-year, maintaining rapid growth.
Fu Linghui, spokesperson of the National Bureau of Statistics and director of the National Economic Statistics Department:Under the complicated and severe external environment, the toughness of China’s foreign trade has been highlighted. In the first two months, the actual utilization of foreign capital in China increased by 6.1%, of which the actual utilization of foreign capital in high-tech industries increased by 32%.
Fu Linghui said that China’s industrial system is relatively complete and its market supply capacity is relatively strong, which can adapt to changes in the external demand market. The growth of new kinetic energy of foreign trade has gradually shown its role in supporting the growth of foreign trade, which is conducive to achieving the goal of promoting stability and improving quality of foreign trade throughout the year.
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