Since the beginning of this year, China's economy has maintained a stable and progressive development trend, 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 maintained stable growth, with modern services showing positive development 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 relatively 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, during the first four months, the Consumer Price Index (CPI) showed a moderate recovery, while the Producer Price Index for Industrial Products (PPI) saw an expansion in its growth rate. 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 development trend oriented toward new and high-quality growth, demonstrating strong resilience and vitality." Continuing this trend of new and high-quality development and showcasing robust resilience and vitality have been key highlights of China's economic performance this year.
Regarding the economy's shift toward new and high-quality growth, the drivers of development are continuously being optimized and upgraded. Data shows that in the first four months, the value-added of high-tech manufacturing enterprises above 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 momentum. New drivers in the service sector continued to strengthen, with operating revenue of strategic emerging service enterprises above designated size increasing by 7.1% from January to March. With the rapid development of artificial intelligence, its industrial driving effect has become more pronounced. From January to April, the production of robot reducers and industrial robots grew by 73.3% and 25.7%, respectively.
"These new drivers are not cultivated and strengthened overnight; rather, they are the result of persistent effort and accumulated potential, driven by policy guidance, market demand, and technological innovation," explained a deputy director of the Department of Comprehensive Statistics of the National Economy at the National Bureau of Statistics during the press conference on the 18th. "These deep-seated changes are reshaping China's development drivers and continuously enhancing the resilience and long-term potential of high-quality development."
Against a backdrop of international turbulence and impacts on global industrial and supply chains, China's economic resilience and vitality have remained evident. Despite the ongoing effects of geopolitical conflicts in the Middle East, increased volatility in international energy markets, and disruptions to the stability of global industrial and supply chains, China has maintained overall stability in industrial production, sustained its transformation and upgrading momentum, and unleashed innovation-driven vitality, demonstrating strong resilience. This is attributed to its complete industrial system, robust supporting capabilities, and the support of domestic energy green transformation.
From the perspective of cumulative indicators, macroeconomic indicators, and certain structural indicators, the main theme of China's economy remains "stability." It was emphasized that China is an ultra-large-scale economy, and observing its economic performance requires focusing on the overall trend 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 market. Our ability to withstand pressure and room for maneuver are both expanding. These factors not only reflect the stability, advantages, resilience, and potential of China's economy but also provide the foundation and confidence for maintaining steady economic performance in the next stage."
An expert noted that China's economy continues to exhibit a stable and progressive development trend, with particularly strong growth in foreign trade, demonstrating the significant achievements of the country's high-level opening-up. Additionally, the high-tech industry has performed well, with rapid production growth in areas such as lithium-ion batteries and industrial robots. This indicates the continuous optimization of China's industrial structure and the steady growth of new economic drivers, consistently injecting strong momentum into high-quality economic development.
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