The hottest economy has made progress in stability

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The economy is stable, and the industrial added value increased by 7% year-on-year in April

the economy is stable, and the unit price of industrial exports increased by 7% year-on-year in April

May 21, 2018

[China paint information] on May 15, the State Council Office held a briefing on the operation of the national economy in April. Liuaihua, spokesman of the National Bureau of statistics, said at the meeting that the national economy was generally stable in April, with steady progress and improvement in the economy, showing a good development trend of stable production demand, stable employment prices, optimized and upgraded economic structure, and continuous improvement in quality and efficiency

specifically, in April, the added value of industries above designated size increased by 7.0% year-on-year, and the main parts and components of the main engine were processed in the processing center, with the growth rate of 1.0 percentage points higher than that of the previous month and 0.5 percentage points higher than that of the same month of the previous year; The national service industry production index increased year-on-year, and the mobile accuracy increased significantly; 8.0%, 0.3 percentage points lower than that of the previous month; The total retail sales of social consumer goods was 2854.2 billion yuan, a year-on-year increase of 9.4%, and the growth rate was 0.7 percentage points lower than that of the previous month, Northcote said. From January to April, the national fixed asset investment (excluding farmers) was 15435.8 billion yuan, a year-on-year increase of 7.0%, 0.5 percentage points lower than that from January to March. In the first four months of this year, the investment in high-end manufacturing increased rapidly. The investment in high-tech manufacturing and equipment manufacturing increased by 7.9% year-on-year, both 3.1 percentage points faster than the investment in manufacturing

for the economic trend in the second quarter or longer, Liu Aihua said that whether from the fundamental point of view, or from the medium and long term point of view, the economy in the next stage is fully capable and qualified to maintain the current stable and good development trend. From the perspective of the rapid growth of new kinetic energy, both new industries, new consumption patterns and new kinetic energy investment have maintained a rapid growth trend. More importantly, the investment structure has been continuously optimized, and investment in high-tech manufacturing, high-tech services and social sectors have maintained rapid growth. In other words, the investment in various aspects such as strengthening the momentum, making up for weaknesses, and improving the efficiency of economic operation are slowly achieving results

Liu Aihua said that from the micro level, the income of various entities is increasing, especially the micro leverage ratio of enterprises is declining. In the first quarter, the asset liability ratio of Industrial Enterprises above designated size was 56.4%, down 0.8 percentage points from the same period last year. Therefore, on the basis of the improvement of enterprise efficiency and market environment, the expectation of enterprises is constantly improving. From all aspects, the medium and long-term comprehensive advantages are still relatively prominent. The current macro and micro oriented situation is conducive to further stimulate the medium and long-term advantages. "Taking these factors together, I think it can further promote China's economy to continue to move forward towards high-quality development."

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