Economic Overview - The GDP for the first quarter of this year is 318,758 billion yuan, showing a year-on-year growth of 5.4% and a quarter-on-quarter increase of 1.2% [1][2] Agricultural Sector - The agricultural production situation is favorable, with the value added in agriculture (planting) increasing by 4.0% year-on-year [6] - The total output of pork, beef, mutton, and poultry is 25.4 million tons, reflecting a year-on-year growth of 2.0% [6] Industrial Sector - The industrial value added for large-scale enterprises increased by 6.5% year-on-year, accelerating by 0.7 percentage points compared to the previous year [9] - The equipment manufacturing industry saw a value added growth of 10.9%, while high-tech manufacturing increased by 9.7% [9] - Production of new energy vehicles, 3D printing equipment, and industrial robots grew by 45.4%, 44.9%, and 26.0% respectively [9] Service Sector - The value added in the service sector increased by 3% year-on-year, accelerating by 3 percentage points compared to the previous year [12] - Key sectors such as information transmission, software and IT services, leasing and business services, transportation, warehousing, and postal services, as well as wholesale and retail, showed significant growth [12] Consumer Market - The total retail sales of consumer goods reached 124,671 billion yuan, with a year-on-year growth of 4.6%, which is an acceleration of 1.1 percentage points compared to the previous year [15] - Online retail sales amounted to 36,242 billion yuan, reflecting a year-on-year increase of 7.9% [15] Investment Trends - National fixed asset investment (excluding rural households) reached 103,174 billion yuan, with a year-on-year growth of 4.2% [18] - Infrastructure investment grew by 5.8%, while manufacturing investment increased by 9.1% [18] - Investment in high-tech industries rose by 6.5% [18] Trade Performance - The total value of goods imports and exports was 103,013 billion yuan, showing a year-on-year growth of 1.3% [21] - Private enterprises' imports and exports increased by 5.8%, accounting for 56.8% of the total, which is a 2.4 percentage point increase from the previous year [21] Price Stability - The Consumer Price Index (CPI) decreased by 0.1% year-on-year, while the core CPI, excluding food and energy, rose by 0.3% [24] - The Producer Price Index (PPI) for industrial producers fell by 2.3% year-on-year [24] Employment Situation - The average urban survey unemployment rate was 5.3% at the end of the first quarter [27] - The total number of rural laborers working outside their hometowns reached 18.795 million, reflecting a year-on-year growth of 1.1% [27]
权威数读|5.4%!向新向好、开局良好
Xin Hua Wang·2025-08-12 05:57