5月国民经济运行稳中有进

Economic Overview - The overall economic operation in May remained stable, with some indicators continuing to improve, showcasing strong resilience and vitality in China's economy [1] - The economic operation is expected to maintain a steady and progressive development trend in the first half of the year [1] Production and Demand - In May, industrial production saw rapid growth, supported by various policies, with the industrial added value for large-scale enterprises increasing by 5.8% year-on-year and 0.61% month-on-month [3] - The manufacturing sector experienced a 6.2% year-on-year growth, while the equipment manufacturing and high-tech manufacturing sectors grew by 9.0% and 8.6%, respectively, outpacing the overall industrial growth [3] - The service sector's production index increased by 6.2% year-on-year, with significant contributions from information transmission, software, and IT services, which grew by 11.2% [3][4] Consumer Market - The total retail sales of consumer goods in May rose by 6.4% year-on-year, accelerating by 1.3 percentage points compared to the previous month [4] - The "old for new" consumption policy significantly boosted retail sales in various categories, including home appliances and communication equipment, with growth rates of 53.0% and 33.0%, respectively [4] New Growth Drivers - The new growth drivers, including high-end manufacturing, digital economy, and new energy industries, are continuously strengthening, promoting industrial transformation and stable economic operation [5] - High-tech manufacturing added value increased by 8.6% year-on-year, with the production of new energy vehicles and solar batteries growing by 31.7% and 27.8%, respectively [5][6] Innovation and Green Transition - Continuous innovation investment and technological advancements are driving industrial innovation, with industrial robot production increasing by 32% and smart vehicle equipment manufacturing rising by 26.8% [6] - The green low-carbon transition is ongoing, with significant growth in clean energy generation, including wind and solar power, which increased by 11.1% and 18.3%, respectively [6] Trade Performance - In May, the total import and export value reached 38,098 billion yuan, with exports growing by 6.3% and imports declining by 2.1% [7] - Trade with ASEAN, the EU, and Belt and Road countries showed growth, with respective increases of 9.1%, 2.9%, and 4.2% in the first five months [8] - Private foreign trade enterprises demonstrated strong market adaptability, with their export growth at 8% and import growth at 4.9%, outperforming overall foreign trade [8]