Make every effort to consolidate and enhance the positive trend of economic recovery
2024-04-18
In the first quarter, the national economy continued to rebound and improve, with a year-on-year growth of 5.3% in gross domestic product. Against the backdrop of a complex and severe external environment, China's economy has started steadily and started well, laying a solid foundation for achieving the annual target tasks. This fully demonstrates that China's economy has strong resilience, great potential, wide room for maneuver, and long-term positive fundamentals have not changed. It has provided us with full efforts to consolidate and enhance the positive trend of economic recovery, solidly promote high-quality development, further boost confidence, and solidify our confidence. Striving for progress while maintaining stability, with a more solid foundation. In February of this year, the first prototype of a 300 MW F-class heavy-duty gas turbine independently developed by China was finally assembled and produced in Lingang, Shanghai. Realizing this important milestone is the result of developing multiple key technologies day and night, and cannot be achieved without deep integration of industry, academia, research and application. The trend of striving for "new" and gathering "chains" has led to frequent reports of major scientific and technological achievements in China. The cultivation and formation of new quality productive forces have accelerated, providing a strong driving force for high-quality development. Currently, the accumulation of positive factors supporting the continued recovery and improvement of the economy is increasing. From the perspective of supply, the added value of high-tech manufacturing industry above designated size increased by 7.5% year-on-year in the first quarter, an increase of 2.6 percentage points from the fourth quarter of 2023. New formats and models continue to emerge with strong growth momentum. From a demand perspective, the total retail sales of consumer goods in the first quarter increased by 4.7% year-on-year, and the contribution rate of domestic demand to economic growth reached 85.5%. The huge market consumption potential has become the cornerstone of sustained and stable economic growth. From the perspective of development chassis, the agricultural production situation is good, the overall consumer prices of residents are stable, the employment situation is generally stable, the foundation of stability is constantly consolidated, and the power of progress continues to accumulate. Promote stability through progress, and take more effective actions. The Chinese economy is a giant ship, the larger the volume, the greater the storms, and the more important it is to steer and navigate. From the issuance and implementation of the Action Plan for Solidly Promoting High level Opening up to the Outside World and Strengthening Attraction and Utilization of Foreign Investment, to the introduction of policies and measures such as large-scale equipment updates and the exchange of old for new consumer goods; From 1 trillion yuan of additional treasury bond funds to 15000 specific projects, to 0.5 percentage point reduction to provide long-term liquidity of 1 trillion yuan to the market... We strengthened the overall coordination of macro policies, played a powerful and effective policy combination, and the policy effect was constantly emerging. In March of this year, the Purchasing Managers Index of China's manufacturing industry, which serves as a benchmark for economic operation, reached 50.8%, returning to the expansion range, and market confidence steadily rebounded. Establish first and then break, with more sufficient conditions. Not long ago, two sets of data attracted attention: over 5 million, which is the number of science, technology, engineering, and mathematics graduates in China each year, leading globally; About 50%, which is the world's highest proportion of top artificial intelligence researchers trained by Chinese universities according to international think tanks. Upgrading from a "demographic dividend" to a "talent dividend" is not only promoting technological innovation
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