From January to February, China’s national economy recovered better than expected, showing a real warmth, laying a solid foundation for a good opening in the first quarter of 2022. On March 15, The State Council ABB-5SHY35L45039 Information Office held a press conference. Fu Linghui, spokesman for the National Bureau of Statistics and director of the Comprehensive Statistics Department of the National Economy, introduced that since 2022, with the steady growth policy and the strengthening of support for the real economy, China’s national economy has continued to recover, industrial production and investment and consumption growth has accelerated, and import and export growth has been good. Employment and prices are generally stable, new drivers of growth are gaining strength, people’s livelihood is effectively protected, high-quality development is steadily advancing, and positive changes are significantly increasing. First, major production demand indicators picked up. Second, the economy performed within an appropriate range. Third, innovation-driven trends are evident. Fourth, the economic structure continued to improve. 5) High-level opening up continued to take effect. 6) Ensuring people’s wellbeing was continuously enhanced.

At present, because there are still some uncertainties in the changes of the epidemic, the impact on the economy in the next stage needs to be observed. “On the whole, China’s economy has the characteristics of sufficient resilience, large potential and wide space, and there are still many favorable conditions for maintaining stable economic development.” In the next stage, we must adhere to the general principle of seeking progress while maintaining stability, fully, accurately and ABB-5SHY35L45039 comprehensively implement the new development concept, accelerate the establishment of a new development pattern, comprehensively deepen reform and opening up, strengthen innovation-driven development, promote high-quality development, and keep the economy operating within a reasonable range.” Fu Linghui said.

The positive momentum of China’s economic movement is increasing

ABB-5SHY35L45039

ABB-5SHY35L45039 At present, the global epidemic is spreading, the world situation is unstable, geopolitical conflicts are intensifying, external instability and uncertainty are increasing, China’s domestic economic recovery is still uneven, the impact of the epidemic in some regions is still continuing, the industry and enterprise regions are differentiated, the pressure of rising enterprise costs is still increasing, and small and micro enterprises are still facing serious difficulties in business. The foundation for sustained economic recovery is not yet solid, and the future trend remains to be observed. Fu Linghui said that under the joint action of macro policies and the efforts of market players, China’s national economy continued to recover steadily in January and February, production demand grew rapidly, employment prices were generally stable, new drivers continued to grow, and high-quality development made new progress. First, industrial production accelerated, and high-tech manufacturing and equipment manufacturing enjoyed good growth. Second, the service sector continued to recover, and the modern service sector grew rapidly. Third, market sales picked up, and sales of consumer upgraded goods were active; Fourth, investment in fixed assets grew faster and investment in high-tech industries grew rapidly. Fifth, the import and export of goods grew rapidly, and the trade structure continued to improve. Sixth, the overall employment situation was stable, and the surveyed unemployment rate was basically stable. Seventh, the consumer prices rose moderately, and the year-on-year increase in producer prices fell.

In recent years, sporadic outbreaks have occurred in many places in China, and the epidemic situation has tightened in some areas, which will objectively affect the recovery of local economy. However, from a national perspective, the epidemic prevention and control situation across ABB-5SHY35L45039 the country is generally stable, and the economic operation has remained basically stable. Fu Linghui analyzed that from the overall experience and situation of epidemic prevention and control in China in the past two years, China has accumulated rich experience in epidemic prevention and control, and a series of measures taken can effectively block the spread of the epidemic, and the impact on the economy will be gradually controlled. However, it should be noted that the current international situation is still complex and severe, with high fluctuations in international commodity prices and increasing uncertainties in international financial markets due to geopolitical conflicts, and China’s economic development faces more risks and challenges.

Fu Linghui stressed that for the problems and difficulties facing our country, we should estimate more fully. At present, due to geopolitical changes, the impact on global commodity prices is more obvious, and domestic imported inflation pressures may increase. However, we must also note that there are still many favorable conditions in ensuring domestic energy supply. Since the fourth quarter of 2021, China has continued to increase the supply of commodities to stabilize prices, and the domestic energy supply has steadily increased. As local governments continue to adhere to the principle of stability, seek progress while maintaining stability, and increase efforts to ensure economic operation, external influence can be controlled within a limited scope. “In the first quarter, there is a basis and conditions for maintaining good economic operation. From the main data in January to February, China’s main production demand indicators have picked up significantly, and the positive momentum of economic operation is increasing.” Fu Linghui said.