权威解读丨从5月数据看中国经济增长点

Economic Overview - In May, the national economy showed overall stability and progress, with a notable increase in economic resilience [1][10] - The industrial added value for large-scale enterprises grew by 5.8% year-on-year, continuing a trend of rapid growth [3] - The digital product manufacturing sector saw a significant increase of 9.1% in added value [3] Industrial Performance - The equipment manufacturing sector's added value increased by 9.0%, outpacing the overall industrial growth rate [3] - The demand for new production capabilities has been strongly supported by recent policies, contributing to industrial production growth [3] Consumer Market - In May, the total retail sales of consumer goods reached 41,326 billion yuan, marking a year-on-year growth of 6.4%, which is an increase of 1.3 percentage points from the previous month [5] - The "old-for-new" consumption policy has shown significant effects, with retail sales of home appliances and audio-visual equipment increasing by 53.0% [5] Trade and Exports - The total value of goods imports and exports in May was 38,098 billion yuan, reflecting a year-on-year growth of 2.7%, with exports increasing by 6.3% [8] - Despite a global economic slowdown, trade with ASEAN and Belt and Road Initiative countries continues to grow [8] Policy and Future Outlook - A series of macroeconomic policies have been implemented to stabilize growth, with positive effects observed since late last year [10] - The government has a robust policy toolkit to dynamically adjust and respond to changing economic conditions, focusing on expanding domestic demand and promoting high-quality development [10]