4月国内经济顶住压力稳定增长，提振内需仍是影响经济的关键变量

Economic Overview - In April, China's economy demonstrated resilience despite external pressures, supported by proactive macroeconomic policies that boosted market demand and corporate production [1][2] - The Central Political Bureau emphasized the need to enhance policies for stabilizing employment and the economy, with timely implementation of new policies based on changing circumstances [1] Industrial Production - Industrial production showed steady growth, with the industrial added value for large enterprises increasing by 6.1% year-on-year in April and 6.4% for the first four months [5][6] - The growth in industrial production is attributed to the effective release of macroeconomic policies and the stimulation of domestic demand through various initiatives [4][6] Consumer Market - Retail sales of consumer goods reached 37,174 billion yuan in April, marking a year-on-year increase of 5.1% and a 4.7% increase for the first four months [7] - The government aims to enhance consumer spending power and improve the consumption environment to further stimulate economic growth [7] Investment Trends - Fixed asset investment (excluding rural households) totaled 147,024 billion yuan in the first four months, with a year-on-year growth of 4.0% and an 8.0% increase when excluding real estate [9][10] - Manufacturing investment is growing rapidly, and there is significant potential for investment in various sectors, including social welfare and infrastructure [8][10]