China's economy has maintained a stable and progressive development trend since the beginning of this year, with high-quality development advancing steadily. Data released by the National Bureau of Statistics on the 18th shows that in the first four months, the value added of industrial enterprises above the designated size increased by 5.6% year-on-year. Notably, the growth rates of equipment manufacturing and high-tech manufacturing significantly outpaced the overall average. The service sector grew steadily, with modern services showing positive trends. Specifically, the production indices for information transmission, software and information technology services, leasing and business services, and the financial sector increased by 10.9%, 9.3%, and 6.7% year-on-year, respectively.
The data also indicates that China's foreign trade maintained rapid growth in the first four months, with total goods imports and exports reaching 16.2252 trillion yuan, a year-on-year increase of 14.9%. Exports amounted to 9.328 trillion yuan, growing by 11.3%. Additionally, in the first four months, the Consumer Price Index (CPI) showed a moderate recovery, while the Producer Price Index (PPI) saw an expanded increase. In April alone, CPI rose by 1.2%, and PPI increased by 2.8%.
At a press conference held by the State Council Information Office on the 18th, a spokesperson stated: "Amid complex circumstances, various regions and departments have implemented comprehensive measures, effectively enacting more proactive fiscal policies and appropriately accommodative monetary policies. The national economy has maintained a trend of moving toward new and superior development, demonstrating strong resilience and vitality."
Continuing the momentum of moving toward new and superior development and showcasing robust resilience and vitality are key highlights of China's economic performance this year. Regarding the shift toward new and superior development, the growth drivers are continuously being optimized and upgraded. Data shows that in the first four months, the value added of high-tech manufacturing enterprises above the designated size grew by 12.6% year-on-year, maintaining rapid growth. Among emerging industries, the penetration of the digital economy accelerated, with sectors like electronic information and communications showing strong growth. New drivers in the service sector continued to strengthen, with the operating revenue of strategic emerging service enterprises above the designated size increasing by 7.1% from January to March. With the rapid development of artificial intelligence, its industrial spillover effects have strengthened. From January to April, the output of robot reducers and industrial robots grew by 73.3% and 25.7%, respectively.
"The cultivation and expansion of these new drivers is not an overnight or immediate process but a long-term endeavor that accumulates over time. It is the result of policy guidance, market demand, and technological innovation," stated a deputy director at the press conference on the 18th. "These deep-seated changes are reshaping China's development drivers, continuously enhancing the resilience and momentum of high-quality development."
Against the backdrop of an unstable international environment and shocks to global industrial and supply chains, China's economic resilience and vitality remain evident. The spokesperson noted that despite the ongoing impact of geopolitical conflicts in the Middle East, increased volatility in international energy markets, and disruptions to global industrial and supply chain stability, China's industrial production has remained generally stable, supported by its complete industrial system, strong supporting capabilities, and domestic energy green transition. The trend of transformation and upgrading continues, and the vitality of innovation-driven development is being unleashed, showcasing strong resilience.
The deputy director emphasized that, based on cumulative indicators, macroeconomic indicators, and certain structural indicators, the main theme of China's economy remains "stability." She stressed that China is an ultra-large-scale economy, and observing its economic performance requires focusing on the broader trends and direction. "After years of development, we have accumulated a more substantial material and technological foundation, a more resilient industrial system, and a broader domestic demand market. Our ability to withstand pressure and room for maneuver are expanding. These factors reflect the solid foundation, numerous advantages, strong resilience, and vast potential of China's economy, and they provide the confidence and assurance for maintaining stable economic performance in the next stage," she said.
An expert from a national research institution noted that China's economy continues to exhibit stable and progressive development, particularly with strong foreign trade growth, demonstrating the significant results of the country's high-level opening-up. Additionally, the high-tech industry performed well, with rapid production growth in areas such as lithium-ion batteries and industrial robots, indicating continuous optimization of China's industrial structure and the growing strength of new economic drivers, which persistently inject strong momentum into high-quality economic development.
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