有稳也有速 一系列先行指标看我国经济发展强大活力

Investment and Infrastructure - In April, excavator sales increased by 17.6% year-on-year, with domestic sales up by 16.4%, indicating a recovery in the engineering machinery industry and a rebound in domestic demand [1][3] - The construction machinery operating rate rose by 1.6 percentage points month-on-month in April, with significant activity in road construction equipment [1] - Nearly half of the provinces in China reported positive month-on-month operating rate growth in April, with the Northeast region leading at 61.13% [5] - Local government bond issuance reached approximately 35,354 billion yuan in the first four months of the year, a year-on-year increase of about 84%, marking a record high for the period [7] - The national project bidding amount increased by 10.0% year-on-year and 7.8% month-on-month in April, with significant growth in energy, transportation, healthcare, and municipal facilities [7][9] Industrial Production - Industrial production showed a positive trend in April, with a 21.2% year-on-year increase in industrial park activity, reflecting heightened production activity [11] - The operating vitality index for startups grew by 36.8% year-on-year, while the index for technology innovation enterprises increased by 28.9% [11][13] - Policies promoting equipment upgrades have accelerated the development of consumer goods and equipment manufacturing sectors, enhancing industrial park productivity [11] Consumer Market - The consumer market continued its recovery in April, with a 13.2% year-on-year increase in online retail sales of major household appliances [13][15] - International flight frequency increased by 22.4% year-on-year in April, indicating a surge in inbound tourism and shopping [15] - Offline consumption heat index rose by 25.4% year-on-year, while online service consumption increased by 14.2%, with notable growth in leisure, dining, and accommodation sectors [16] Overall Economic Outlook - The coordinated macro policies have led to positive trends across consumption, investment, and industrial production, showcasing the resilience and vitality of China's economy [17]