Xinhua News Agency, Beijing, September 16 th: The main indicators have generally improved, and the foundation for recovery still needs to be consolidated — — Focus on the data of national economic operation in the first eight months
Xinhua News Agency reporters Wei Yukun and Zou Duowei
According to the data released by the National Bureau of Statistics on the 16th, in August, the national economy continued to resume its development trend, production demand rose steadily, employment prices were generally stable, and most indicators were better than last month, but the foundation for recovery still needs to be consolidated.
The economy continues to recover its development trend.
Fu Linghui, spokesperson of the National Bureau of Statistics, said at the press conference of the State Council Office held on the 16th that in August, in the face of multiple unexpected tests, such as complex and severe international environment, frequent outbreaks of domestic epidemics and extreme high temperature weather, all localities and departments intensified their efforts to implement a package of policies to stabilize the economy and continue policies and measures, accelerated the release of policy effectiveness, and the national economy continued to resume its development trend, with most indicators better than last month.
Production and supply have risen steadily — —
In August, the added value of industrial enterprises above designated size increased by 4.2% year-on-year, and the growth rate was 0.4 percentage points higher than that of the previous month. Among them, the recovery of the automobile industry accelerated. In August, the automobile output increased by 39%, and the added value of the automobile industry increased by more than 30%.
The service industry continued to recover. In August, the service industry production index increased by 1.8% year-on-year, and the growth rate was 1.2 percentage points higher than that of the previous month.
Improvement of domestic market demand — —
The consumption promotion policy continued to exert its strength, the consumption potential in key areas was gradually released, and the market sales scale continued to expand. In August, the total retail sales of social consumer goods increased by 5.4% year-on-year, and the growth rate was 2.7 percentage points higher than that of the previous month. In the first eight months, the national fixed asset investment increased by 5.8% year-on-year, and the growth rate was 0.1 percentage point faster than that in January-July.
New kinetic energy continues to grow — —
Innovation led to continuous enhancement, and new industries and new products grew better. From January to August, the added value of high-tech manufacturing industries above designated size increased by 8.4% year-on-year, and investment in high-tech industries increased by 20.2%. In August, the output of new energy vehicles, mobile communication base station equipment and solar cells increased by 117%, 25.7% and 21.6% respectively.
The new format is more active and the driving force of new consumption is enhanced. From January to August, the online retail sales of physical goods increased by 5.8% year-on-year, 0.1 percentage point faster than that from January to July.
Employment prices are generally stable — —
In August, the national urban survey unemployment rate was 5.3%, down 0.1 percentage point from the previous month; The consumer price index rose by 2.5% year-on-year, down 0.2 percentage points from last month.
"On the whole, under the influence of multiple factors such as shrinking external demand, spreading domestic epidemic and extreme high temperature weather, the economy continued to recover under pressure and operated in a reasonable range, and the main indicators showed positive changes." Fu Linghui said.
The foundation of economic recovery still needs to be consolidated.
While seeing the continued recovery of the economy, Fu Linghui said at the press conference that we should also see that the international environment is still complicated at this stage, and the impact of changes in the external situation is still uncertain. The "triple pressure" of shrinking domestic demand, supply shock and expected weakening continues to appear, and the foundation of economic recovery is still not solid.
At present, the recovery of domestic demand is still slow compared with the recovery of production, and the contradiction of insufficient demand is more prominent. In August, the total retail sales of social consumer goods increased by 5.4% year-on-year, but decreased by 0.05% month-on-month. Investment growth in some areas has slowed down.
"In the next stage, we should continue to make good use of policy-oriented and development-oriented financial instruments, revitalize the local balance limit of special bonds, promote social investment, support the upgrading of equipment in weak areas of economic and social development, increase the stamina and raise the level, and expand the domestic market demand." Fu Linghui said.
Industrial production declined in some areas. In August, the industrial production in Sichuan, Chongqing and other places affected by extreme high temperature weather declined greatly.
The real estate market is still in the downward process, and the year-on-year decline in real estate development investment has expanded. In the first eight months, investment in real estate development decreased by 7.4% year-on-year, which was 1 percentage point higher than that in January-July.
"It still needs a process to improve the transmission from sales to real estate investment and production. We must continue to make efforts to promote the stable and healthy development of the real estate market. " Fu Linghui said.
Fu Linghui said that it is necessary to continue to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council, pay close attention to stabilizing the economic package and succeeding policies and measures, keep the economic operation in a reasonable range, and strive to achieve the best results.
The policy of stabilizing the economy has been accelerated and the economy is expected to recover.
Fu Linghui said that although the current external situation is still complicated and severe, and the domestic economic recovery still faces many difficulties and challenges, the long-term fundamentals of China’s economy and the factors supporting high-quality development have not changed, and a series of policies to stabilize the economy and the effectiveness of successive policies and measures have been accelerated, and China’s economy is expected to recover.
Domestic demand is gradually expanding. From the perspective of investment, the steady investment policy has been continuously strengthened, the project start-up guarantee has been enhanced, and the number of newly started projects and the planned total investment have maintained rapid growth, which is conducive to the steady growth of infrastructure and manufacturing investment. From the perspective of consumption, employment is generally stable, and under the effect of accurate epidemic prevention and control and consumption promotion policies, household consumption is expected to gradually recover.
Safe development is guaranteed. This year, the output of summer grain and early rice has increased, the growth of autumn grain is generally stable, and the coal and electricity security has been strengthened, which has provided a good guarantee for the smooth operation of the economy. The supply chain of domestic industrial chain has been continuously strengthened. For example, the automobile industry, which was greatly troubled by the "lack of core" in the early stage, has maintained rapid growth this year.
A few days ago, the the State Council executive meeting decided to further extend the time limit for tax deferral in manufacturing industry, determine special refinancing and financial interest subsidies to support equipment renovation in some areas, deploy measures to further stabilize foreign trade and foreign investment, and help the economy consolidate and restore its foundation.
"The package policy of stabilizing the economy and the continuation policy were launched in a timely manner, and the implementation of macro policies was reasonably strengthened to give play to the combined effect and enhance the development potential." Fu Linghui said that in the next stage, with the continuous efforts of the policy, it will promote the economic recovery and sustainable development.
