Cctv news(News Network): Since the beginning of this year, facing the complicated and severe domestic and international situation, China’s economic operation has started well, and the main indicators have remained within a reasonable range and are better than expected. A series of recent economic data and market performance show that China’s economic development is full of resilience, which provides great room for coping with external challenges and achieving high-quality development.
In recent days, the economic data of the first quarter in various places have been released intensively. Among the 31 provinces in China, the regional GDP of five provinces has exceeded one trillion yuan, among which the GDP of Guangdong, Jiangsu and Shandong provinces has exceeded two trillion yuan.
Not only is the total amount large, but the structure is continuously optimized.
The optimization comes from the acceleration of new kinetic energy. The investment in high-tech manufacturing and high-tech service industries increased by 11.4% and 19.3% respectively in the first quarter. The added value of industrial strategic emerging industries increased by 6.7% year-on-year, 0.2 percentage points faster than that of industries above designated size. Mobile communication base station equipment, urban rail vehicles and new energy vehicles & HELIP; … A number of new products and technologies are becoming new highlights of growth.
Optimization also comes from the acceleration of market diversification. In the first quarter, China’s foreign trade import and export with countries along the Belt and Road reached 2 trillion yuan, up 7.8% year-on-year.
In a tire manufacturing enterprise in Wuxi, Jiangsu, workers are working overtime to catch up on a batch of tires to be sold to Southeast Asia. In the past quarter, they have newly opened markets in five countries.
From a single market to a diversified market, in the face of the ever-changing external situation, thousands of enterprises have actively responded and adjusted quickly, which has become a solid foundation for China’s economy to face pressure.
Not only that, with a series of reforms such as supply-side structural reforms, many provinces with concentrated traditional industries and large energy resources have gradually stepped out of the predicament.
Liaoning, whose growth rate was once at the bottom of the country, maintained its GDP growth rate above 5% for five consecutive quarters, and exceeded 6% in the first quarter of this year. The economic bottoming out is obvious.
The GDP of Shanxi, a major coal province, increased by 7.2% year-on-year, exceeding the annual forecast by 0.9 percentage points, setting the best start for this province in the past six years.
Hebei, a major steel province, witnessed a year-on-year economic growth of 7.4% in the first quarter, an increase of 1.4 percentage points over the same period of last year. As the main force of industry, the equipment manufacturing industry has grown faster than steel, reaching more than double digits.
China’s economic future is full of opportunities. Nearly 1.4 billion people have gathered in the world’s largest unified market, and 400 million people constitute the world’s largest middle-income group. New industrialization, informationization, new urbanization and agricultural modernization are the surging driving forces for the development of China.
In 2018, the urbanization rate of permanent residents in China reached 59%. Compared with 81% in high-income economies and 65% in middle-and high-income economies, there is still room for urbanization in China by about 20 percentage points. Just a few days ago, the central government issued an important document to promote the integration and development of urban and rural areas, proposing that by 2035, the population will move in an orderly manner, and the urban and rural unified construction land market will be fully formed, so that elements between urban and rural areas can flow freely.
Turn the growth potential into a driving force for development. The equalization of basic public services has been basically realized. In the next 10 years, China will increase its urban population by 185 million, which will bring extensive demand in infrastructure, real estate, new retail, medical and health care, culture and entertainment, and provide an important engine for China’s economic development.
With the steady growth of residents’ income, the gradual effect of tax reduction and fee reduction and consumption promotion policies, residents’ consumption demand has been further released. In the past May Day holiday, the total number of domestic tourist receptions alone reached 195 million, achieving a year-on-year increase in tourism revenue of 16.1%.
Just a few days ago, the "Regulations on Government Investment" was promulgated, which defined the scope of government investment scientifically and reasonably. With the deepening of reform and the acceleration of the establishment of a legalized, internationalized and convenient business environment, China market remains one of the most popular investment hotspots in the world.
China’s economy is resilient and has plenty of room for manoeuvre. Countless facts have proved that as long as we do our own thing well, China’s economy can stride forward towards higher goals without fear of wind and rain.
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