Since the beginning of this year, in the face of complex and severe domestic and international situations, the Party Central Committee and the State Council have maintained their efforts and initiative, focused on reform and innovation, focused on transformation and upgrading, and focused on improving people's livelihood. The national economy started smoothly and overall was good.
According to preliminary calculations, the gross domestic product in the first quarter was 1,821.3 billion yuan, calculated at comparable prices, an increase of 7.4% year-on-year. In terms of industries, the added value of the primary industry was 777.6 billion yuan, up 3.5% year-on-year; the added value of the secondary industry was 575.87 billion yuan, up 7.3%; the added value of the tertiary industry was 628.5 billion yuan, up 7.8%. From the ring, the GDP in the first quarter increased by 1.4%.
Industrial production growth rate has dropped
In the first quarter, the added value of industrial enterprises above designated size increased by 8.7% year-on-year at comparable prices, an increase of 0.8 percentage points over the same period of the previous year. In terms of economic types, the added value of state-owned and state-controlled enterprises increased by 4.5% year-on-year, collective enterprises increased by 3.1%, joint-stock enterprises increased by 10.0%, and foreign-invested enterprises from Hong Kong, Macao and Taiwan increased by 7.8%. In terms of three categories, the added value of the mining industry increased by 3.3% year-on-year, the manufacturing industry increased by 9.9%, and the electricity, heat, gas and water production and supply industries increased by 4.5%. In terms of regions, the added value of the eastern region increased by 8.1% year-on-year, the central region increased by 8.9%, and the western region increased by 10.4%. In terms of products, 324 of the 464 products produced a year-on-year increase in output. In the first quarter, the production and sales rate of industrial enterprises above designated size reached 97.1%, a year-on-year decrease of 0.1 percentage points. The export delivery value of industrial enterprises above designated size was 2.5773 billion yuan, a year-on-year increase of 4.2%. In March, the added value of industrial enterprises above designated size increased by 8.8% year-on-year and 0.81% quarter-on-quarter.
In January-February, the profits of industrial enterprises above designated size reached 779.3 billion yuan, a year-on-year increase of 9.4%. Among them, the main activity profit was 739.6 billion yuan, an increase of 8.4%. The cost per 100 yuan of main business income of industrial enterprises above designated size is 85.18 yuan, and the profit rate of main business income is 5.28%.
Foreign trade exports fell year on year
In the first quarter, the total import and export volume was 590.22 billion yuan, which was US$965.9 billion in US dollars, down 1.0% year-on-year. Among them, exports were 302.5 billion yuan, denominated in US dollars at US$491.3 billion, down 3.4%; imports were 289.97 billion yuan, in US dollars, US$474.6 billion, up 1.6%. The import and export offset, with a surplus of 102.8 billion yuan, and US$16.74 billion in US dollars. In March, the total import and export volume was 2,031.4 billion yuan, which was US$332.5 billion in US dollars, down 9.0% year-on-year. Among them, exports were 1,039.2 billion yuan, denominated in US dollars at US$170.1 billion, down 6.6%; imports were 992.3 billion yuan, denominated in US dollars at US$162.4 billion, down 11.3%.
According to preliminary calculations, the gross domestic product in the first quarter was 1,821.3 billion yuan, calculated at comparable prices, an increase of 7.4% year-on-year. In terms of industries, the added value of the primary industry was 777.6 billion yuan, up 3.5% year-on-year; the added value of the secondary industry was 575.87 billion yuan, up 7.3%; the added value of the tertiary industry was 628.5 billion yuan, up 7.8%. From the ring, the GDP in the first quarter increased by 1.4%.
Industrial production growth rate has dropped
In the first quarter, the added value of industrial enterprises above designated size increased by 8.7% year-on-year at comparable prices, an increase of 0.8 percentage points over the same period of the previous year. In terms of economic types, the added value of state-owned and state-controlled enterprises increased by 4.5% year-on-year, collective enterprises increased by 3.1%, joint-stock enterprises increased by 10.0%, and foreign-invested enterprises from Hong Kong, Macao and Taiwan increased by 7.8%. In terms of three categories, the added value of the mining industry increased by 3.3% year-on-year, the manufacturing industry increased by 9.9%, and the electricity, heat, gas and water production and supply industries increased by 4.5%. In terms of regions, the added value of the eastern region increased by 8.1% year-on-year, the central region increased by 8.9%, and the western region increased by 10.4%. In terms of products, 324 of the 464 products produced a year-on-year increase in output. In the first quarter, the production and sales rate of industrial enterprises above designated size reached 97.1%, a year-on-year decrease of 0.1 percentage points. The export delivery value of industrial enterprises above designated size was 2.5773 billion yuan, a year-on-year increase of 4.2%. In March, the added value of industrial enterprises above designated size increased by 8.8% year-on-year and 0.81% quarter-on-quarter.
In January-February, the profits of industrial enterprises above designated size reached 779.3 billion yuan, a year-on-year increase of 9.4%. Among them, the main activity profit was 739.6 billion yuan, an increase of 8.4%. The cost per 100 yuan of main business income of industrial enterprises above designated size is 85.18 yuan, and the profit rate of main business income is 5.28%.
Foreign trade exports fell year on year
In the first quarter, the total import and export volume was 590.22 billion yuan, which was US$965.9 billion in US dollars, down 1.0% year-on-year. Among them, exports were 302.5 billion yuan, denominated in US dollars at US$491.3 billion, down 3.4%; imports were 289.97 billion yuan, in US dollars, US$474.6 billion, up 1.6%. The import and export offset, with a surplus of 102.8 billion yuan, and US$16.74 billion in US dollars. In March, the total import and export volume was 2,031.4 billion yuan, which was US$332.5 billion in US dollars, down 9.0% year-on-year. Among them, exports were 1,039.2 billion yuan, denominated in US dollars at US$170.1 billion, down 6.6%; imports were 992.3 billion yuan, denominated in US dollars at US$162.4 billion, down 11.3%.
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