Data witness the economic highlights in the first quarter
CCTV News:The State Council Press Office held a press conference on April 16th, and the relevant person in charge of the National Bureau of Statistics introduced that in the first quarter of 2024, the national economy got off to a good start, and positive factors accumulated, which laid a good foundation for achieving the objectives and tasks for the whole year.
According to preliminary accounting, in the first quarter of 2024, the GDP was 296.299 billion yuan, with a year-on-year increase of 5.3% at constant prices. In the first quarter, the added value of industrial enterprises above designated size increased by 6.1% year-on-year, and that of high-tech manufacturing increased by 7.5%, 2.6 percentage points faster than that in the fourth quarter of last year. In the first quarter, the total retail sales of social consumer goods was 12,032.7 billion yuan, a year-on-year increase of 4.7%. Retail sales of services increased by 10.0% year-on-year.
Sheng Laiyun, deputy director of the National Bureau of Statistics, said that the GDP in the first quarter increased by 5.3% year-on-year, which is both realistic and well supported. So what are the main economic factors behind the 5.3% figure? What impact will laying a good foundation in the first quarter have on the economic situation throughout the year?
The economic growth rate of 5.3% is both realistic and supportive.
Sheng Laiyun, deputy director of the National Bureau of Statistics, said that a year-on-year GDP growth of 5.3% was realistic. From the perspective of accounting, it is mainly driven by the recovery of industry and the improvement of service industry. In the first quarter, the industrial added value increased by 6.1% year-on-year, which was significantly higher than the same period of last year and the fourth quarter. According to preliminary calculations, the contribution rate to GDP growth was 37.3%, which boosted GDP growth by nearly two points.
From the service industry, the service industry maintained a good development trend in the first quarter, contributing 55.7% to economic growth. The contribution of industry and service industry to GDP growth exceeds 90%. At the same time, GDP growth of 5.3% year-on-year is still supported.
Investment in fixed assets increased by 4.5% year-on-year in the first quarter, with a real increase of 5.9%. The retail sales of goods and services increased by 4.7% together, and exports increased by 5%. The three major demand indicators are matched with the growth of GDP.
The service industry is growing well and the modern service industry is growing rapidly.
As mentioned earlier, Sheng Laiyun, deputy director of the National Bureau of Statistics, said that GDP increased by 5.3% year-on-year. From the accounting point of view, it was mainly driven by the recovery of industry and the improvement of service industry. Let’s look at a few numbers:
From the service industry, the service industry is growing well, and the modern service industry is growing rapidly. In the first quarter, the added value of service industry increased by 5.0% year-on-year. Information transmission, software and information technology services, leasing and business services, transportation, accommodation and catering industries grew rapidly. In the first quarter, service consumption grew rapidly, and service retail sales increased by 10.0% year-on-year. Residents’ service consumption expenditure accounted for 43.3%, an increase of 1.6 percentage points over the same period last year.
The contribution rate of consumption to economic growth reached 73.7% in the first quarter.
Consumption is the "main engine" that drives economic growth. In addition to the rapid growth of service consumption, China market sales continued to recover. In the first quarter, the contribution rate of consumption to economic growth reached 73.7%, which played an important supporting role in the economic recovery.
In the first quarter, physical consumption was generally stable. The total retail sales of social consumer goods increased by 4.7% year-on-year in the first quarter, and the total retail sales of social consumer goods exceeded 12 trillion yuan. In addition, online consumption continues to be strong. In the first quarter, the online retail sales of physical goods increased by 11.6% year-on-year. Driven by some new technologies, the new online sales model was constantly innovated and the sales record was constantly refreshed.
Since the beginning of this year, the upgrading consumption of Chinese residents has continued to improve. From the retail point of view, the year-on-year growth rate of sales of sports and entertainment products and communication equipment exceeded double digits; From the perspective of residents, the expenditure on transportation and communication, education, culture and entertainment are also double-digit growth.
"China in Spring" has unlimited opportunities.
The 135th Canton Fair: Exploiting the Broad International Market with New Productivity
The 135th Canton Fair entered the second day on April 16th. This year’s Canton Fair showcased advanced manufacturing achievements, with over 1 million new products on site, over 250,000 products with independent intellectual property rights, and over 90,000 intelligent products such as intelligent bionic hand with brain-computer interface and artificial intelligence translator.
Among the exhibitors in this Canton Fair, there are more than 5,500 state-level high-tech enterprises, individual champions in manufacturing industry and "little giant" enterprises specializing in special innovation, an increase of 20% over the previous session. Many exhibitors bring new products, new technologies and new processes to open up a broader international market with new quality productivity.
Highlights of the 4th Consumer Expo continuously stimulate consumption potential.
The 4th China International Consumer Goods Expo, which is being held in Haikou, Hainan, entered its fourth day on April 16th. As the largest consumer boutique exhibition in the Asia-Pacific region, "the first show of new products" has always been the focus of great concern.
The reporter learned in the "First Show Zone" of the 4th Consumer Expo that as an important activity of this consumer Expo, the "Global New Product Plan" was held here. Since the 13th, a total of 38 brands have brought 115 new products here. Consumer Expo is the largest consumer boutique exhibition in the Asia-Pacific region, and many brands will choose it as the starting place for their new products.
The "first show area" has the following characteristics: the first feature is that the release activities are very intensive. Each brand has only half an hour, and overtime will affect the next brand, because there is no time interval between the two release activities. The second feature is that the categories are very rich, including electric smart cars representing new industries and new trends, as well as beauty jewelry, fashion toys, national handicrafts and so on, which are closely related to our lives. In addition, the organizer also set up a special exhibition area here, where all the released new products will meet with you. Therefore, in the Expo, if you want to see the most new products in the shortest time, it is right to come to this "first show area".
Of course, what appeared in the "Global New Product Plan" is only a part of all the new products released by the Consumer Expo. In each exhibition hall and booth of each participating delegation, everyone can see new products with their own characteristics and sincerity, and the number exceeds 1000. The organizers also set up special supply-demand matchmaking meetings, consumer carnivals, theme forums and other activities, the number of which exceeded 300. This will enable the Consumer Expo to better serve exhibitors and buyers, promote consumption growth and upgrading, and thus play its important role as a "global consumer boutique display and trading platform".
World internet conference Digital Silk Road Development Forum held in Xi ‘an.
World internet conference Digital Silk Road Development Forum was held in Xi ‘an today (April 16th), with the theme of "Interconnection and Common Prosperity", attracting guests from nearly 50 countries and regions. The forum focused on three topics: "Building Silk Road by Digital Interconnection", "International Cooperation of Silk Road E-commerce" and "Digital Village and Sustainable Development".
Science and technology help high-quality development
Covering nine laboratories and assembling hundreds of equipments, Dream set sail for the scientific dream.
According to the China Geological Survey of the Ministry of Natural Resources, China’s first self-developed ultra-deep-water ocean drilling ship "Dream" has entered the stage of debugging and internal installation, and it is expected to be fully completed this year.
In the Pearl River Estuary, Nansha District, Guangzhou City, Guangdong Province, the "Dream" ocean drilling ship is debugging its equipment and installing its built-in laboratory. With a total tonnage of 33,000 tons and a full crew of 180, Dream can work continuously at sea for 120 days with a cruising range of 15,000 nautical miles. At the same time, 1.2 million meters of cable was laid on the ship, which fully covered the information technology and realized the intelligent cooperation between the ship and the shore, so that the "Dream" not only has the ability of unlimited navigation in the global sea area, but also is the only scientific research drilling ship in the world with the drilling capacity of 11,000 meters. In the future, it will mainly undertake major national science and technology projects and international ocean scientific drilling tasks.
Zhou Chang, head of the Dream Command of China Geological Survey of the Ministry of Natural Resources, said that the Dream ocean drilling ship is called the Mobile Laboratory of Marine Science, and the data needed in various marine fields should be analyzed through it. Where does this data analysis come from? They collected the core with a drilling rig and sent it to the ship’s laboratory. Scientists analyzed the data together in the command hall and reached a scientific conclusion.
The ship-borne laboratory of Dream covers a total area of over 3,000 square meters, covering nine laboratories including basic geology, microbiology and marine science, and is equipped with more than 150 sets of various precision experimental instruments. At present, the installation of 12 systems including water, electricity, gas and wind has been completed, and the experimental instruments will be installed soon. According to the plan, the "Dream" ocean drilling ship will complete the trial verification in the second half of this year and be delivered before the end of the year.
New members have been added to the "national name" weapon! China’s 100-ton ultra-large thrust electric vibration test system has been successfully developed.
Vibration test system can simulate the operating environment of rockets, satellites, airplanes and other equipment, so as to test the reliability of equipment structure and performance. It is an essential supporting device for the development of aerospace, transportation and other industries. On April 15th, China Machinery Industry Federation held an appraisal meeting of scientific and technological achievements, announcing the successful development of a 100-ton ultra-large thrust electric vibration test system independently developed by China.
At present, the equipment that is maintaining high-frequency vibration is conducting vibration tests on an aircraft engine weighing nearly 3 tons. Before this, no equipment can complete the whole machine vibration test of this weight class.
Not only the aircraft engine, but also this equipment has completed the vibration test of the satellite with a total weight of over 15 tons. With the development of China’s manned space flight, lunar exploration project, large-scale transport project and other aerospace technologies, the quality and size of aerospace equipment are increasing, and the structure is becoming increasingly complex. In order to meet the mechanical environment test requirements of these major components and even the whole machine, in 2021, a 100-ton ultra-large thrust electric vibration test system was developed in Suzhou. The research team has solved many problems including system heat dissipation and cooling under high power output conditions. On April 15th this year, after the evaluation and acceptance by the expert committee organized by China Machinery Industry Federation, the system passed the third-party measurement of China Metrology Institute, marking the success of the research and development of the ultra-large thrust electric vibration test system with independent intellectual property rights in China. At present, the system has been used in China’s aerospace field, and product testing has been completed many times.
