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Agricultural production was generally stable, and the production capacity of live pigs recovered significantly. In the first quarter, the value-added of agriculture (planting industry) increased by 3.3% year-on-year, with an average increase of 3.4% in two years. At present, the climatic conditions in the main agricultural areas of the country are generally favorable, with spring ploughing and spring planting progressing smoothly, and the overall growth of winter wheat is slightly better than normal. In the first quarter, the output of pork, beef, mutton, and poultry was 22 million tons, a year-on-year increase of 21.4%, of which pork production increased by 31.9%; milk production increased by 8.5%, and poultry and egg production decreased by 2.1%. The production capacity of live pigs has recovered significantly. At the end of the first quarter, there were 415.95 million live pigs, an increase of 29.5% year-on-year, of which 43.18 million breeding sows, an increase of 27.7%. 2. Industrial production rebounded steadily, and the manufacturing industry grew well. In the first quarter, the value added of the industrial enterprises above designated size nationwide increased by 24.5% year-on-year and 2.01% month-on-month; the two-year average growth rate was 6.8%. Among them, the added value of the industrial enterprises above designated size in March increased by 14.1% year-on-year; the month-on-month increase was 0.60%. In terms of economic types, the value added of state-owned holding companies in the first quarter increased by 16.9% year-on-year; joint-stock companies increased by 23.7% year-on-year; foreign, Hong Kong, Macao and Taiwan-invested enterprises increased by 29.2% year-on-year; private enterprises increased by 29.7% year-on-year. Divided into three categories, the value added of the mining industry increased by 10.1% year-on-year, an average growth rate of 4.0% in the two years; the manufacturing industry increased by 27.3% year-on-year, and the two-year average growth rate was 6.9%; the production and supply industries of electricity, heat, gas and water increased by 15.9 year-on-year %, an average increase of 4.8% in two years. The added value of the equipment manufacturing industry and high-tech manufacturing industry increased by 39.9% and 31.2% year-on-year respectively, and the two-year average growth rate was 9.7% and 12.3% respectively. In terms of product output, the growth rate of new energy vehicles, industrial robots, excavating and shoveling transportation machinery, microcomputer equipment, and integrated circuits all exceeded 60% year-on-year, and the two-year average growth rate exceeded 19%. In March, the purchasing managers index of China’s manufacturing industry was 51.9%, which was higher than the threshold for 13 consecutive months; the expectation index of enterprise production and operation activities was 58.5%. From January to February, the national industrial enterprises above designated size achieved a total profit of 1.114 billion yuan, a year-on-year increase of 1.79 times, an average increase of 31.2% in two years; the profit rate of operating income of industrial enterprises above designated size was 6.60%, an increase of 3.15 from January to February 2020 Percentage points. 3. The service industry has resumed growth, and the market is expected to improve in the first quarter. The service industry has recovered steadily. The added value of the transportation, warehousing and postal industries, and the real estate industry increased by 32.1% and 21.4% year-on-year, respectively, and the two-year average growth rate was 6.6%. 6.8%. In March, the national service industry production index increased by 25.3% year-on-year, and the two-year average growth rate was 6.8%. From January to February, the operating income of service industry enterprises above designated size increased by 37.8% year-on-year, and the two-year average growth rate was 10.0%. Among them, the operating income of information transmission, software and information technology service industry, scientific research and technical service industry increased by 35.0% and 47.8 year-on-year respectively. %, an average increase of 17.4% and 11.5% respectively in the two years. In March, the service industry business activity index was 55.2%, up 4.4 percentage points from February. Among them, railway transportation, air transportation, telecommunications, broadcasting and television satellite transmission services, Internet software and information technology services, currency and financial services and other industries have a business activity index operating at a high level of more than 60.0%; accommodation, leasing and The business activity index of business services, resident services and other industries rebounded to the prosperous range. In terms of market expectations, the service industry business activity expectation index is 62.9%, which has been in the high level of above 60.0% for two consecutive months. 4. Market sales have gradually improved, and online retail sales have grown rapidly. In the first quarter, the total retail sales of consumer goods reached 10,522.1 billion yuan, a year-on-year increase of 33.9% and a month-on-month increase of 1.86%; an average growth rate of 4.2% over the two years. Among them, the total retail sales of consumer goods in March was 3,548.4 billion yuan, a year-on-year increase of 34.2%, an acceleration of 0.4 percentage points over the first two months, and an average increase of 6.3% in two years, an increase of 1.75% on a month-on-month basis. According to the location of business units, the retail sales of urban consumer goods in the first quarter was 9,134.5 billion yuan, an increase of 34.6% year-on-year, and an average increase of 4.3% in two years; the retail sales of rural consumer goods was 1,3877.5 billion yuan, an increase of 29.4% year-on-year, and an average increase of 3.2% in two years. According to consumption types, catering revenue was 1,059.6 billion yuan, a year-on-year increase of 75.8%, and a two-year average drop of 1.0%; retail sales of goods were 9462.5 billion yuan, a year-on-year increase of 30.4%, and an average two-year increase of 4.8%. From the perspective of commodity categories, among the retail sales of units above designated size in the first quarter, 18 commodity categories all grew at a rate of over 10% year-on-year. Among them, sports and entertainment products and communications equipment grew by 45.2% and 42.4% respectively, with two-year averages respectively. Increased by 17.4% and 17.1%. The national online retail sales reached 28,093 billion yuan, a year-on-year increase of 29.9%, and an average growth rate of 13.5% in two years. Among them, the online retail sales of physical goods was 236.7 billion yuan, a year-on-year increase of 25.8%, and an average increase of 15.4% in two years; it accounted for 21.9% of the total retail sales of consumer goods, an increase of 1.2 percentage points over the first two months. 5. Investment in fixed assets has recovered steadily, and investment in high-tech industries and social fields has grown rapidly. In the first quarter, the national investment in fixed assets (excluding rural households) was 9,599.4 billion yuan, an increase of 25.6% year-on-year and a month-on-month increase of 2.06%; an average increase of 2.9% in the two years . Among them, fixed asset investment (excluding rural households) in March increased by 1.51% month-on-month. In terms of sectors, infrastructure investment in the first quarter increased by 29.7% year-on-year, an average increase of 2.3% in two years; investment in manufacturing increased by 29.8% year-on-year, an average decline of 2.0% in two years; investment in real estate development increased by 25.6% year-on-year, an average increase of 7.6% in two years . The sales area of ​​commercial housing nationwide was 36.07 million square meters, a year-on-year increase of 63.8%, an average increase of 9.9% in two years; the sales of commercial housing was 3,837.8 billion yuan, an increase of 88.5% year-on-year, and an average increase of 19.1% in two years. In terms of industries, investment in the primary industry increased by 45.9% year-on-year, with an average increase of 14.8% in two years; investment in the secondary industry increased by 27.8% year-on-year, with an average decrease of 0.3% in two years; investment in the tertiary industry increased by 24.1% year-on-year, with an average growth rate of 4.0 in two years %. Private investment increased by 26.0% year-on-year, and the two-year average growth rate was 1.7%. Investment in high-tech industries increased by 37.3% year-on-year, with an average growth rate of 9.9% in two years; among them, investment in high-tech manufacturing and high-tech service industries increased by 41.6% and 28.6% year-on-year, respectively, and the two-year average growth rate was 10.7% and 8.2% respectively. In the high-tech manufacturing industry, the investment in the medical equipment and instrumentation manufacturing industry, and the computer and office equipment manufacturing industry increased by 50.0% and 49.5% year-on-year respectively, and the two-year average growth rate was 9.1% and 24.2% respectively. In the high-tech service industry, inspection and testing The investment in service industry and R&D and design service industry increased by 55.7% and 48.2% respectively year-on-year, and the two-year average growth rate was 14.8% and 21.5% respectively. The investment in the social sector increased by 31.7% year-on-year, and the two-year average growth was 9.6%. Among them, the investment in health and education increased by 50.9% and 27.0% respectively, and the two-year average growth was 22.3% and 10.4% respectively. 6. The import and export of goods increased significantly, and the trade structure continued to improve. In the first quarter, the total value of import and export of goods was 8.4687 trillion yuan, a year-on-year increase of 29.2%. Exports were 4,614 billion yuan, a year-on-year increase of 38.7%; imports were 3,854.7 billion yuan, a year-on-year increase of 19.3%. The import and export balance, the trade surplus was 759.3 billion yuan. In March, the total import and export volume was 3,022.8 billion yuan, a year-on-year increase of 24.0%. Exports were 1,555.4 billion yuan, a year-on-year increase of 20.7%; imports were 1,467.4 billion yuan, a year-on-year increase of 27.7%. The trade structure continued to be optimized. In the first quarter, general trade imports and exports accounted for 61.2% of total imports and exports, an increase of 1.3 percentage points over the same period last year. The import and export of private enterprises accounted for 46.7% of the total import and export, an increase of 4.4% over the same period last year. 7. Consumer prices remained flat year-on-year, and factory prices for industrial producers rose year-on-year. In the first quarter, consumer prices nationwide remained flat year-on-year. Among them, the national consumer prices in March rose 0.4% year-on-year, and fell 0.2% in February; they fell 0.5% month-on-month. In the first quarter, urban areas fell by 0.1%, while rural areas remained flat. In terms of categories, food, tobacco and alcohol prices rose by 0.6% year-on-year, clothing fell by 0.2%, housing fell by 0.2%, daily necessities and services fell by 0.1%, transportation and communications fell by 1.4%, education, culture and entertainment rose by 0.3%, and health care rose by 0.3%. Other supplies and services fell 1.1%. In food, tobacco and alcohol prices, food prices rose 1.5%; fresh vegetables prices rose 4.8%; pork prices fell 12.5%, of which March fell 18.4%, an increase of 3.5 percentage points over February. In the first quarter, the core CPI after deducting food and energy prices was flat year-on-year. In the first quarter, the national factory prices of industrial producers rose by 2.1% year-on-year. Among them, March increased by 4.4% year-on-year, an increase of 2.7 percentage points over February, and a month-on-month increase of 1.6%. In the first quarter, the purchasing prices of industrial producers nationwide increased by 2.8% year-on-year. Among them, March rose by 5.2% year-on-year, an increase of 2.8 percentage points over February, and a month-on-month increase of 1.8%. 8. The surveyed unemployment rate in cities and towns dropped and the employment situation was generally stable. In the first quarter, 2.97 million new jobs were created in cities and towns across the country. In March, the nationwide surveyed unemployment rate in urban areas was 5.3%, a decrease of 0.2 percentage points from February and a decrease of 0.6 percentage points from the same period last year. The unemployment rate of the local household registration population survey was 5.3%, and the unemployment rate of the foreign household registration population survey was 5.4%. The unemployment rates of the population aged 16-24 and population aged 25-59 were 13.6% and 4.8% respectively. The urban surveyed unemployment rate in 31 major cities was 5.3%, a decrease of 0.2% from February. In March, the average weekly working hours of employees in enterprises across the country was 46.9 hours, an increase of 0.6 hours from February. At the end of the first quarter, the total labor force of migrant workers in rural areas was 174.05 million. 9. Residents’ income continued to increase. Rural residents’ income grew better than urban residents’ income. In the first quarter, the national per capita disposable income was 9,730 yuan, a nominal year-on-year increase of 13.7%, and a two-year average nominal growth of 7.0%; after deducting price factors, the actual year-on-year increase was 13.7%. , An average growth rate of 4.5% in two years. In terms of permanent residence, the per capita disposable income of urban residents was 13,120 yuan, a nominal increase of 12.2% year-on-year, and a real increase of 12.3%; the per capita disposable income of rural residents was 5398 yuan, a nominal increase of 16.3% year-on-year, and a real increase of 16.3%. From the perspective of income sources, the national per capita wage income, net operating income, net property income, and net transfer income increased by 12.4%, 19.5%, 17.0%, and 10.7% in nominal terms, respectively, year-on-year. The per capita income ratio of urban and rural residents was 2.43, which was 0.09 less than the same period last year. The national median per capita disposable income of residents was 8,014 yuan, an increase of 12.7%.

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By zhiwo

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helpmekim
7 months ago

Year-on-year: a comparison between a certain period of time this year and a certain period of last year; ring comparison: a comparison between two consecutive periods of time. The year-on-year growth in the first quarter of 21 is naturally compared to the first quarter of 20. In the first quarter of 20 years, GDP fell by 6.8% compared with 19 years. It was the first decline since the adoption of the national accounts accounting system in 1992, falling to 3.15 trillion US dollars. What concept? In the fourth quarter of 19, the GDP was 4.24 trillion U.S. dollars, disappearing more than one trillion U.S. dollars. Generally speaking, the economic growth rate during the Spring Festival holiday will be reduced by about 15% to 20%, but the data for the first quarter of 20 years is obviously a bit free-falling. This figure can actually reflect the huge economic cost of fighting the epidemic. Now after a year of epidemic control, economic activities have basically returned to normal, and the double-digit year-on-year growth is normal. Year-on-year growth rate = (development level of the current period-level of the same period last year) ÷ level of the same period last year × 100%. In other words, the normal state of 100 fell to 90 in a certain month last year, and then returned to 100 in the same month of this year, with a year-on-year increase of 11.11%. So what really should be concerned about is the chain growth, that is, the comparison between this quarter and the previous quarter. According to this data, the GDP growth in the first quarter of 21 and the fourth quarter of 20 was 0.6%. Taking into account factors such as the Spring Festival holiday and the local Chinese New Year, this number is not bad, but it is not very good. It is in line with the “stability and good” stated by the Statistics Bureau. The manufacturing PMI in March was 51.9, which was above the dry line for 13 consecutive months. The two-year average growth rate of the secondary industry is 6%, which is the main force of this economic recovery. In short, the overall is still in the stage of recovery growth, just got up after a fall, and has not yet entered a higher state of jumping.

heloword
7 months ago

The overall economic data is good. According to preliminary calculations, the gross domestic product in the first quarter was 24,931 billion yuan, a year-on-year increase of 18.3% at comparable prices (because of the epidemic in the first quarter of last year-6.8%), an increase of 0.6% compared with the fourth quarter of 2020; compared with 2019 It grew by 10.3% in the first quarter, and grew by an average of 5.0% in two years. In the first quarter, the value added of the industrial enterprises above designated size increased by 24.5% year-on-year and 2.01% month-on-month; the two-year average growth rate was 6.8%. Among them, the added value of the industrial enterprises above designated size in March increased by 14.1% year-on-year; the month-on-month increase was 0.60%. In the first quarter, the total retail sales of consumer goods reached 10,522.1 billion yuan, a year-on-year increase of 33.9% and a month-on-month increase of 1.86%; the two-year average increase was 4.2%. Among them, the total retail sales of consumer goods in March was 3,548.4 billion yuan, a year-on-year increase of 34.2%, an acceleration of 0.4 percentage points over the first two months, and an average increase of 6.3% in two years, an increase of 1.75% on a month-on-month basis. [1] Import and export are equally optimistic. On April 13, the General Administration of Customs released data showing that in the first quarter, the total value of my country’s import and export of goods trade was 8.47 trillion yuan, an increase of 29.2% over the same period last year. Among them, exports were 4.61 trillion yuan, an increase of 38.7%; imports were 3.86 trillion yuan, an increase of 19.3%; the trade surplus was 759.29 billion yuan, an increase of 690.6%. Some public opinion believes that the high growth rate of foreign trade in the first quarter was mainly due to the low base in the same period last year. In particular, compared with the fourth quarter of last year, imports and exports actually fell by 7.1% in the first quarter. In this regard, Li Kuiwen said that compared with the same period in 2018 and 2019, the first quarter of this year increased by 25.3% and 20.5% respectively. In the first quarter, there is a traditional Spring Festival holiday factor, and the scale of foreign trade imports and exports is often lower than that in the fourth quarter of the previous year, which is normal. “Not only that, from 2016 to 2020, imports and exports in the first quarter showed a double-digit decline, and the decline in the first quarter of this year was the smallest in recent years. This further confirms the positive trend of my country’s foreign trade in the first quarter of this year.” Li Kuiwen Say. [2] Since exports are much larger than imports, there is a shortage of containers, and orders from container factories have skyrocketed; a large part of the economic recovery is that the success of epidemic prevention has not completely eliminated the epidemic, which means that it has been forced to blockade when the epidemic is serious. French President Macron announced in his national speech on April 1, 2021 that starting from this Saturday (April 3), the quarantine policy currently in effect in 19 provinces will be extended to the whole country. [3] The industrial chains of Western countries are characterized by a high degree of globalization. Under the conditions of intermittent work stoppages in some countries and poor international shipping, industrial production efficiency has been greatly reduced, and some factories will go bankrupt in the long run. If some links of the industrial chain collapse, the entire industrial chain may not operate. Under such a market environment, only countries with a complete industrial chain can produce at full capacity and form the Matthew effect, which will have a siphon effect on the industrial capital of other countries. The instructor once said: “The loss of land is lost to everyone, and the land is lost to everyone.” Only by resolutely preventing the epidemic can our country avoid intermittent work stoppages caused by the epidemic and make the economy better and better.

helpyme
7 months ago

Since foreign trade and investment data came out first, Bloomberg Industrial and other institutions forecast data to increase by more than 20%. The actual growth data is 18.3%, which is actually not ideal, especially since the consumption that was originally a leader is still sluggish. Looking at the total social retail sales alone, compared with the 9.779 billion in 2019, the two-year growth rate is only 7%, which is 3 points lower than the GDP during the same period. It is not as large as the 2018-2019 year (8.3%). It can be said that the strategy of comprehensively promoting consumption and reducing its dependence on investment and foreign trade has been disrupted by the epidemic. In response, a series of stimulating policies have been introduced, but it is definitely not enough to pull no oil (employment and income expectations). How to give oil, especially not only to allow small and medium-sized private enterprises to survive, but also to allow small and medium-sized employees to have no time to consume. This should be the biggest challenge this year. Recently started to clean up the monopoly giants in various industries, it is the right start

sina156
7 months ago

How did the sound start come about? Simply analyze. From January to March, the national sales of commercial housing was 3,837.8 billion yuan, an increase of 88.5%. In the first quarter, GDP increased by 18.3% year-on-year. In other words, the growth rate of national commercial housing sales has reached 5 times of GDP. It can be seen that real estate has given full play to the role of my country’s economic ballast stone. In addition, the average sales price of new houses nationwide in the first quarter reached RMB 10,658. In the first quarter of 2020, the national average price of new houses was 9266 yuan. A year-on-year increase of 15%. What is a pillar industry is clear at a glance.

yahoo898
7 months ago

It is expected that the first quarter of this year will be a double-digit growth year-on-year, and the second quarter may also be close to 10%, and the third quarter will begin to return to normal. The key is what do you think of this data! Yan Xiang posted a research report this morning. Let me borrow his views. The current situation is that no matter what the data is, you must exceed expectations in order to barely maintain. If you meet expectations, or fall below expectations, then you are done, and you will be blown to death! 18.3% growth is useless, and the stock market is down! Because everyone expected you to grow by 20%, you only rose by 18.3%. From last year to the present, the market is full of unrealistic fantasies. That’s why Maotai has a high price of RMB 2500, and all kinds of Maotai have hundreds of times the market dream rate. Now when the performance is confirmed, it will fall sharply when it returns to its original form.

leexin
7 months ago

At first glance, the 18.3% quarterly growth rate is the highest in many years. Take a closer look, this is a year-on-year comparison, that is, compared with the first quarter of 2020. In the first quarter of 2020, due to the impact of the epidemic, China’s quarterly GDP growth rate was -6.8%, the lowest in many years. There is also a month-on-month comparison, that is, compared with the fourth quarter of 2020, an increase of 0.6%. Compared with the first quarter of 2019, which was a normal year two years ago, it was an increase of 10.3%. Looking at it this way, this 18.3% is even functioning normally, indicating that my country’s economic growth has basically overcome the impact of the epidemic and returned to normal track. In fact, before the data was released, some financial experts at home and abroad predicted that my country’s growth rate in the first quarter would be 19% or 20%, and the actual data was still slightly lower than their forecast. In general, 18.3% is a good result, which is considered a good start. But there are two basic factors that need to be considered for achieving this growth rate. The first is that the base number last year was low. The second is that many people celebrated the New Year on the spot during the Spring Festival, which increased the number of working days in February. This situation was unprecedented. In the remaining three quarters of this year, the economic growth rate will gradually become more normal in terms of data. The median estimates of multiple institutions are 8%, 6.4%, 5.3%, and 8.6% for the whole year.

greatword
7 months ago

Everyone is not stupid, and they can understand the meaning of chain comparison and year-on-year. Although the base number affected by the epidemic in the same period last year is low, the growth of this chain data is always a fact, and how much currency has been issued this year, in exchange for such a result , And how much money has really entered the field of production and life, and how much money has entered the real estate to speculate on housing prices. Nowadays, inflation and deflation exist at the same time. This is called stagflation. As for when housing prices will collapse and how they will collapse, I don’t know. , But housing prices do not collapse, the economy will never get better, and the abscess of real estate has been sucking blood. The sharp fall in housing prices is bound to have a knock-on effect, triggering systemic financial risks. All kinds of Luoxuan bonds have exploded, but they have been in shock for more than ten years. As long as you keep your high-tech manufacturing industry, it is also a way. This is also very risky. Shock Maybe you might die. I have been holding back against the decline, worried about a hard landing of the economy, various purchase restrictions and loan restrictions, and through counter-market measures to control transaction volume and let it go sideways. In fact, the supply is completely relaxed, and the price of real estate has already fallen. Once the policy of prohibiting the excessively rapid rise in housing prices, housing prices rose one round, why, the scarcity is more expensive, real estate speculators saw that there are zf trays to control the transaction volume, and they did not rush to increase the leverage for real estate speculation. Ordinary people just need to see that they can’t buy a house without getting in the car. They emptied six pockets and bought a house with decades of mortgage. Everyone around me over the age of 40 has two to three suites, and our company accountant has three suites. There is no shortage of houses at all. It is scary to think about it. The real estate tax has not come out all the time, because it is afraid that the house price will collapse, and the other is the game of interests of all parties.

loveyou
7 months ago

The 18.3% growth rate in the first quarter is certainly very impressive, but given the low base last year, it is not appropriate to be overly optimistic. In fact, it was slightly lower than the 18.5% expected by analysts. The quarter-on-quarter growth rate was also 0.6%. Compared with the first quarter of 2019, the two-year compound growth rate of 5% is not particularly high. It shows that the pit caused by the epidemic has not fully recovered, and the recovery momentum is weakening at the margin. Especially for consumption, the total zero consumption in the first quarter of this year increased by an average of 4.2% compared to 2019, which was significantly lower than the average growth rate of 5% of GDP in the two years. But it’s already very good, so let’s keep working hard

strongman
7 months ago

In the post-epidemic era, traditional businesses are generally not easy to do. Almost no old bosses are unaffected. Whether it is a hotel, education or training, or clothing business, there are more empty shops on the streets than before. I haven’t seen economic growth here, that is, housing prices have not fallen. This is the main source of tax revenue here! Our city is not unlike some developed places that can rely on e-commerce and foreign trade to boost the economy, and there are not many factories that can get the table top, and most of the brain drain. I won’t talk about the cities. They are all provinces and cities within dozens of ranks, and there is still a big gap between them and the developed places, and they won’t be able to catch up in a short while. Developed areas are open and enterprising, and are not affected by the epidemic, and we have to slowly keep up here.

stockin
7 months ago

It is a fact that the cake is getting bigger and bigger, and it is also a fact that the cake that the individual gets has hardly changed, and it is also true that the fierce competition for the cake has intensified. So, where is the extra cake?
I didn’t have the ability to solve this problem. I was afraid that I would be scolded by the public for pointing out that I didn’t solve it, and I would go into hiding.

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