The "transcript" in May shows China's economic toughness

Author:Securities daily Time:2022.06.16

The "transcript" in May 15th, released on June 15, shows that the national economy has resumed the momentum: industrial production has increased from decrease to increase, stable growth of fixed asset investment, narrowing the service industry production index, and continuous improvement of the trade structure ...

A number of data stabilization and recovery are the embodiment of the effectiveness of steady growth measures, and it has also promoted the continuous recovery of my country's economic recovery.

Since the second quarter, the downward pressure on the economy has increased, and the main economic indicators have declined in April. To this end, the country has introduced a series of stable growth and policies to protect the people's livelihood, which has also made the economic indicators in May attract market attention, not only because it is the "ruler" of the effectiveness of the relevant policies, but also related to the second quarter and next in my country and the next quarter and below. Half -year economic trend.

Judging from the main economic data in May, my country's production demand has gradually recovered, and the overall stability of employment prices has improved. The main indicators' marginal improvement improves, while highlighting China's economic toughness, it once again proves that my country's economic stability and good fundamental fundamental fundamentals have not changed.

Industrial production has increased from decline, returning to positive growth, and increasing economic activity.

Data show that in May, the added value of industries above designated size nationwide increased by 0.7%year -on -year, and in April a decrease of 2.9%; and a 5.61%increase in April. In just one month, the indicator returned to positive growth, which reflects the toughness and vitality of my country's industrial production.

Among them, the output of green intelligent products such as new energy vehicles and solar batteries increased by 108.3%and 31.4%year -on -year. According to data released by the China Automobile Industry Association, in May of this year, the production and sales of automobiles across the country showed significant recovery growth. New energy vehicles performed particularly well. From January to May, the cumulative sales of new energy vehicles nationwide 111.2%. It can be seen that the rapid recovery growth of the automotive industry has formed a positive pulling effect on economic recovery.

The pace of the consumer market has accelerated, the investment has maintained a stable growth, and the foundation of stable growth is consolidated.

Consumption and investment is an important engine to drive economic growth, which is essential for the continuous recovery of my country's economy.

From the perspective of consumption, in May, the total retail sales of social consumer goods decreased by 6.7%year -on -year, and the decrease was 4.4 percentage points narrowed from the previous month. At present, various consumption measures are accelerating implementation, the vitality of the consumer market is accelerating, and the role of economic growth will become more obvious.

From the perspective of investment, data show that from January to May, the national investment in fixed assets increased by 6.2%year -on -year. In terms of division, the infrastructure investment from January to May increased by 6.7%year -on -year; manufacturing investment increased by 10.6%, of which the equipment manufacturing industry increased by 22%. It can be seen that with the continuous increase of stable investment and the support of investment growth The role will also be enhanced.

Although the economic data in May released a positive signal, we must also see that the current international environment is still complicated and severe, and economic operations are still facing great pressure. In the next stage, we must further promote the implementation of policy measures and measures for stable growth, stabilize the macroeconomic market, and promote the continuous recovery of my country's economy.

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