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4月份主要指标继续向好——我国经济顶住压力稳定增长
Jing Ji Ri Bao· 2025-05-19 22:02
Economic Growth and Policy Implementation - The national economy has shown resilience and stable growth in April, supported by proactive macro policies that effectively respond to external shocks [1][2] - Major production demand indicators have seen significant growth compared to the previous year, with industrial value-added increasing by 6.1% year-on-year in April [2] - Fixed asset investment has also expanded, with a year-on-year growth of 4% in the first four months [2] Trade and External Resilience - Despite a challenging international environment, China's foreign trade has maintained steady growth, with total goods import and export value increasing by 2.4% year-on-year in the first four months [3] - Trade with countries involved in the Belt and Road Initiative has grown by 3.9%, indicating a diversification in trade partnerships [3] Consumer Market Dynamics - The consumer market has shown stable growth, with retail sales of consumer goods increasing by 4.7% year-on-year in the first four months, supported by policies promoting consumption [4] - The "old for new" consumption policy has positively impacted sales in various categories, with significant year-on-year growth in household appliances and communication equipment [4] New Economic Drivers - New consumption drivers are emerging, with online retail and instant retail gaining popularity, leading to a 5.8% year-on-year increase in physical goods online retail sales [4] - The high-tech manufacturing sector has also seen robust growth, with a 10% year-on-year increase in value-added for high-tech manufacturing in April [3] Policy Effectiveness and Future Outlook - The effectiveness of macro policies has been evident, with a focus on stabilizing employment, businesses, and market expectations to ensure sustainable economic development [5][8] - The government aims to enhance consumer capacity and improve the consumption environment to further unlock consumption potential [5]
4月份经济运行保持总体平稳
Zhong Guo Zheng Quan Bao· 2025-05-19 21:23
Economic Performance - In April, the industrial added value above designated size increased by 6.1% year-on-year, while the total retail sales of consumer goods rose by 5.1% year-on-year [1] - From January to April, fixed asset investment (excluding rural households) grew by 4.0% year-on-year [1] - The growth rate of 6.1% in industrial production is one of the fastest monthly rates since last year, with 36 out of 41 major industries showing growth [1][2] High-tech and Emerging Industries - The added value of high-tech manufacturing above designated size increased by 10.0% year-on-year, outperforming the overall industrial growth by 3.9 percentage points [2] - Specific sectors such as intelligent unmanned aerial vehicle manufacturing and smart vehicle equipment manufacturing saw significant growth, with increases of 74.2% and 29.3% respectively [2] - The production of industrial robots surged by 51.5% year-on-year, indicating a strong trend towards industrial upgrading and innovation [2] Consumer Market Trends - The total retail sales of consumer goods in April grew by 5.1%, driven by policies such as trade-in programs [3] - The retail sales growth rate has remained above 5% for two consecutive months, reflecting stable market conditions [3] - Service retail sales also showed positive growth, with travel-related consumption increasing rapidly [3] Policy and Economic Outlook - Despite external shocks, the overall economic recovery trend remains unchanged, supported by proactive macroeconomic policies [4] - The need for coordinated policy efforts is emphasized, particularly in boosting consumption through both short-term measures and long-term reforms [4] - Future consumption-boosting policies should focus on demand-side initiatives, especially in fiscal policy [4]
多项宏观政策协同发力 4月国民经济顶住压力稳定增长 应变克难 稳健前行
Xin Hua She· 2025-05-19 19:23
Economic Overview - The core viewpoint emphasizes that despite external shocks in April, China's economic foundation remains stable, with strong resilience and potential, supported by coordinated macro policies [1][7] - The overall economic recovery is expected to continue, bolstered by favorable conditions and proactive measures from various sectors [1][6] Industrial Performance - In April, the industrial added value for large-scale enterprises grew by 6.1% year-on-year, with 36 out of 41 major industries showing growth [2][3] - High-tech manufacturing saw a significant increase, with added value rising by 10% year-on-year, outpacing overall industrial growth [2][3] - Key sectors such as 3D printing and industrial control systems experienced substantial production increases of 60.7% and 29.5%, respectively [2] Investment Trends - Manufacturing investment in the first four months of the year increased by 8.8%, significantly higher than the overall investment growth [3] - High-tech service industry investment rose by 11.3%, indicating a strong focus on new productive forces and the transition of growth drivers [3] Consumer and Trade Dynamics - In April, the total retail sales of consumer goods reached 37,174 billion yuan, marking a 5.1% year-on-year increase [4][5] - The total import and export value in April was 38,391 billion yuan, with exports growing by 9.3% and imports by 0.8% [5] - The resilience of domestic consumption is highlighted, with policies supporting consumer spending expected to strengthen further [4][5] Policy and Future Outlook - The central government has emphasized the need for proactive macro policies, including interest rate cuts and reserve requirement ratio reductions, to support economic growth [1][6] - The outlook for May suggests continued economic resilience, driven by enhanced policy measures and a focus on domestic demand [1][6]
透视四月宏观经济数据:顶住压力稳定增长
Shang Hai Zheng Quan Bao· 2025-05-19 18:54
规模以上工业增加值同比增长6.1% 消费同比增长5.1% 投资持续扩大 透视四月宏观经济数据:顶住压力稳定增长 ◎记者陈芳 面对外部冲击影响加大、内部困难挑战叠加的复杂局面,我国经济顶住压力稳定增长,展现较强韧性。 国家统计局5月19日发布数据显示,4月,规模以上工业增加值同比增长6.1%,内需稳步扩大,全国城 镇调查失业率连续2个月下降,新质生产力加快培育。 专家分析称,随着近期出台的稳经济稳就业系列措施和一揽子金融政策逐步显效,下一阶段经济有望保 持稳中有进态势。 国内需求稳步扩大 今年以来,"两重""两新"政策力度加大,内需支撑力较强。据国家统计局数据,4月,社会消费品零售 总额37174亿元,同比增长5.1%;环比增长0.24%。此外,1至4月,社会消费品零售总额161845亿元, 同比增长4.7%,比一季度加快0.1个百分点;固定资产投资同比增长4%,较一季度略有放缓,但快于去 年全年增速。 消费新动能增势较好,网上零售、即时零售等新业态增速快于整体。1至4月,实物商品网上零售额同比 增长5.8%,快于整体消费增速;旅游出行相关服务消费增长较快,交通出行、通讯信息、旅游咨询租 赁服务类零售额均保持两 ...
外贸多元化 货物进出口额同比增5.6%
Sou Hu Cai Jing· 2025-05-19 18:02
Economic Overview - In April, China's economy demonstrated resilience and stability despite external pressures, continuing a positive development trend [1][4] - The overall economic performance reflects strong domestic circulation and effective macro policies implemented by various regions and departments [1][4] Trade and Foreign Relations - China's goods import and export value in April reached 38,391 billion yuan, a year-on-year increase of 5.6%, with exports growing by 9.3% and imports by 0.8% [13] - From January to April, total goods import and export value increased by 2.4% year-on-year, with exports growing by 7.5% and imports declining by 4.2% [13] - Trade with ASEAN and "Belt and Road" countries showed significant growth, with imports and exports to ASEAN increasing by 9.2% and to "Belt and Road" countries by 3.9% [8] Industrial Growth - The industrial added value for large-scale enterprises in April grew by 6.1% year-on-year, with high-tech manufacturing increasing by 10% [17][10] - Equipment manufacturing saw a notable increase of 9.8%, contributing 55.9% to the overall industrial growth [2][17] Domestic Demand and Consumption - Social retail sales in April reached 37,174 billion yuan, growing by 5.1% year-on-year, driven by the effects of the "old for new" consumption policy [18] - The retail sales of household appliances and related products significantly boosted overall consumption, contributing 1.4 percentage points to the growth of social retail sales [11][18] Employment and Labor Market - The urban unemployment rate in April was 5.1%, a slight decrease from the previous month, indicating overall stability in the employment situation [16] - The average urban unemployment rate from January to April was 5.2%, consistent with the same period last year [16] Investment Trends - Fixed asset investment from January to April reached 147,024 billion yuan, with a year-on-year growth of 4.0%, while infrastructure investment grew by 5.8% [15] - High-tech industries, particularly in information services and aerospace manufacturing, saw substantial investment growth, with increases of 40.6% and 23.9% respectively [15][10] Price Trends - In April, the Consumer Price Index (CPI) decreased by 0.1% year-on-year, with food prices showing mixed trends [20] - The Producer Price Index (PPI) also saw a decline, with industrial producer prices down by 2.7% year-on-year [20]
详解4月经济数据:工业增速维持高位,扩内需政策效应持续释放
第一财经· 2025-05-19 10:57
2025.05. 19 工业生产是经济稳定增长的重要支撑。今年以来,随着存量政策持续显效、增量政策有效落实,政 策"组合拳"效果不断显现。工业生产保持较快增长,产业发展向高端化、智能化、绿色化转型。 4月份,规模以上工业增加值同比增长6.1%。41个大类行业中,36个行业同比增长,增长面超过八 成。 本文字数:2510,阅读时长大约4分钟 作者 | 第一财经 祝嫣然 面对外部冲击影响加大、内部困难挑战叠加的复杂局面,4月份我国主要经济指标顶住压力、平稳运 行。 国家统计局5月19日发布的数据显示,4月份,全国规模以上工业增加值同比增长6.1%,比上月回 落1.6个百分点;社会消费品零售总额同比增长5.1%,比前值放缓0.8个百分点。1-4月份,全国固 定资产投资(不含农户)同比增长4.0%,比一季度回落0.2个百分点。 国家统计局新闻发言人付凌晖同日在国新办发布会上表示,4月份外部冲击影响加大,但我国经济基 础稳、优势多、韧性强、潜能大,宏观政策协同发力,各方面积极应变、主动作为,国民经济应变克 难稳定运行,发展质量持续提升,进一步增强了我们应对各种风险挑战的信心和底气。但也要看到, 国际环境变数仍多,多重风 ...
【招银研究|宏观点评】迎风挺立——中国经济数据点评(2025年4月)
招商银行研究· 2025-05-19 09:27
Core Viewpoint - The article discusses the stable growth of China's economy in April, highlighting the resilience of external demand and the transition of new and old growth drivers, despite challenges such as declining real estate investment and low inflation pressures [6][21]. Supply Side: Stable Growth, Slowing Momentum - In April, the industrial added value of large-scale enterprises increased by 6.1% year-on-year, exceeding the market expectation of 5.2%, but down 1.6 percentage points from March [7] - The service production index grew by 6.0% year-on-year, slightly down from March [7] - High-tech industries maintained robust growth, with production increasing by 10.0%, while equipment manufacturing grew by 9.8% [7] Fixed Asset Investment: Slowing Growth, Real Estate Drag - Fixed asset investment grew by 4% year-to-date, slightly down from the previous value [10] - Infrastructure investment increased by 10.9%, while real estate investment saw a decline of 10.3%, worsening by 0.5 percentage points from the previous value [10][11] - Manufacturing investment growth slowed to 8.2%, influenced by tariff impacts and reduced willingness to invest among enterprises [16] Consumption: High Levels with Notable Highlights - Retail sales growth in April was 5.1%, slightly below the market expectation of 5.5% [19] - Significant growth was observed in categories such as communication equipment and home appliances, with increases of 20-30% [19] - The consumption of gold and jewelry surged by 25.3%, driven by high gold prices [19] Outlook: Consolidating Foundations, Maintaining Stability - The article anticipates that tariff negotiations will yield positive outcomes, improving the economic environment and supporting the goal of achieving a 5% growth rate [21] - The article suggests that while external demand remains stable, inflation may continue to be low, and the real estate market may remain weak [21]
中国经济基础稳、优势多、韧性强、潜能大 | 向新向好 !多项重磅数据发布
Yang Shi Wang· 2025-05-19 05:50
央视网消息:国务院新闻办公室5月19日上午举行新闻发布会,国家统计局发布4月份经济数据。4月份,我国加紧实施更加积极有为的宏观政 策,经济顶住压力稳定增长,延续向新向好态势。 4月全国规模以上工业增加值同比增长6.1% 4月份,生产供给较快增长。从工业来看,宏观政策组合效应持续释放,工业保持较快增长。4月份,规模以上工业增加值同比增长6.1%,是 2024年以来月度增速中比较快的速度。 4月装备制造业增加值同比增长9.8% 国家统计局新闻发言人付凌晖介绍,从服务业来看,在扩大内需政策的作用下,服务业增势平稳。4月份,服务业生产指数同比增长6%,这也 是2025年以来月度增速中次高的水平。数字化转型持续深入,旅游交通出行增多,带动信息和商务服务业等稳定增长。 4月份社会消费品零售总额同比增长5.1% 在"两新"政策加力扩围和产业升级带动下,装备制造业持续较快增长。4月份,装备制造业增加值同比增长9.8%,对规模以上工业增长的贡献 率达到55.9%。 国内需求稳步扩大。从消费来看,消费品以旧换新政策效应持续释放,市场销售保持稳定增长。4月份,社会消费品零售总额同比增长5.1%, 其中,消费品以旧换新相关商品销售大 ...
顶住压力稳定增长,宏观政策组合拳作用体现在这些方面
Sou Hu Cai Jing· 2025-05-19 05:23
国务院新闻办今天举行新闻发布会,国家统计局新闻发言人付凌晖介绍,4月份,我国加紧实施更加积 极有为的宏观政策,经济顶住压力稳定增长,延续向新向好态势。 4月份,生产供给较快增长。从工业来看,宏观政策组合效应持续释放,工业保持较快增长。4月份,规 模以上工业增加值同比增长6.1%,是去年以来月度增速中比较快的速度。在"两新"政策加力扩围和产业 升级带动下,装备制造业持续较快增长,4月份装备制造业增加值同比增长9.8%。对规模以上工业增长 的贡献率达到55.9%。 今年以来,我国外贸韧性持续彰显。就业形势总体稳定。4月份,全国城镇调查失业率为5.1%,比上月 下降0.1个百分点,连续两个月下降。 今年,我国新质生产力成长壮大。4月份,规模以上高技术制造业增加值同比增长10%,其中,航空航 天相关设备制造、集成电路制造增加值快速增长,数字产业蓬勃发展。 国家统计局新闻发言人 付凌晖:4月份,外部冲击影响加大,但我国经济基础稳、优势多、韧性强、潜 能大,宏观政策协同发力,各方面积极应变、主动作为,国民经济应变克难稳定运行,发展质量持续提 升,进一步增强了我们应对各种风险挑战的信心和底气。 来源:央视新闻客户端 国家统 ...
二季度经济运行开局如何?国家统计局权威解读
Zheng Quan Shi Bao· 2025-05-19 04:39
Economic Overview - In the first four months of 2023, multiple economic indicators showed a year-on-year growth acceleration compared to Q1, indicating stable growth in production and demand, overall stable employment, and the accumulation of new growth drivers [1][4] - The National Bureau of Statistics reported that the total value of goods imports and exports increased by 2.4% year-on-year, accelerating by 1.1 percentage points compared to Q1 [4] Industrial Growth - In April, the industrial added value of large-scale enterprises increased by 6.1% year-on-year, exceeding market expectations by 0.9 percentage points [2] - Among 41 major industries, 36 experienced year-on-year growth, indicating a broad growth base [2] - High-tech manufacturing added value grew by 10% year-on-year, significantly outpacing overall industrial growth [2][3] New Growth Drivers - In April, production of new energy vehicles and lithium-ion batteries for vehicles surged by 38.9% and 61.8% respectively, showcasing rapid growth in smart products [3] - The manufacturing value added of smart drones and smart vehicle-mounted equipment increased by 74.2% and 29.3% respectively, far exceeding the overall industrial growth rate [3] Employment Situation - The urban surveyed unemployment rate in April was 5.1%, a decrease of 0.1 percentage points from the previous month, marking two consecutive months of decline [7] - The average urban surveyed unemployment rate for January to April was 5.2%, consistent with the same period last year [7] Investment Trends - From January to April, fixed asset investment (excluding rural households) reached 147,024 billion yuan, growing by 4.0% year-on-year, with a 0.10% month-on-month increase in April [5][6] - The focus on improving and safeguarding livelihoods, along with significant regional strategies, is expected to drive sustained investment growth [6]