Economic Growth - In April, the industrial added value of large-scale enterprises in China grew by 6.1% year-on-year, while the service production index increased by 6.0%, indicating a stable economic growth despite external pressures [1][2] - The overall economic growth in April reflects a recovery trend, supported by domestic demand policies and a diversified export strategy, despite a 21% year-on-year decline in exports to the US [1][3] Export Performance - China's exports in April, measured in US dollars, increased by 8.1% year-on-year, surpassing the 5.7% growth rate in the first quarter, demonstrating resilience against external challenges [3][4] - The nominal growth rate of export delivery value from industrial enterprises in April was only 0.9%, a significant drop from the 6.7% growth in the first quarter, indicating pressure from US tariffs [4] Consumer Market - The retail sales of household appliances and audio-visual equipment, cultural office supplies, furniture, and communication equipment saw significant year-on-year growth rates of 38.8%, 33.5%, 26.9%, and 19.9% respectively, contributing to the overall retail sales growth [5] - The fixed asset investment growth rate remained at 4% for the first four months, supported by infrastructure investment, while manufacturing investment grew by 8.8% [5] Policy Measures - The government is expected to implement more proactive macroeconomic policies to stabilize employment, businesses, and market expectations, aiming for sustained economic development [2][9] - The expansion of domestic demand policies, including the "old-for-new" consumption policy, is anticipated to continue supporting economic recovery [5][10] Real Estate Market - The real estate market remains under pressure, with weak demand and a slowdown in project starts affecting investment, despite recent monetary easing measures [10][11] - Future policies are expected to focus on stabilizing the real estate market, enhancing supply of quality housing, and promoting urban renewal initiatives [11][12]
顶住外部压力!4月经济实现平稳增长
21世纪经济报道·2025-05-19 14:04