The effect of ＂favorable factors+macro-combination policy＂ continues to release the endogenous kinetic energy of China economy and accelerate the repair.
CCTV News:Recently, many departments disclosed a number of economic-related data. What kind of economic situation is revealed behind the figures? Understand the development trend by interpreting the data.
In the first quarter, the electricity consumption of 31 provinces in China increased positively.
Social electricity consumption is an indicator that can reflect the activity of production and life. According to the latest statistics of China Electric Power Enterprise Federation, in the first quarter, the electricity consumption of the whole society in the eastern, central, western and northeastern regions of China increased by 10.0%, 9.0%, 10.4% and 5.9% respectively. All provinces in China have positive growth in electricity consumption, among which the growth rate of electricity consumption in the east and west is leading.
High-tech industries achieve double-digit growth in electricity consumption.
From the perspective of industry, in the first quarter, the electricity consumption of high-tech and equipment manufacturing industry increased by 14.5% year-on-year, which was 7.1 percentage points higher than the average growth level of manufacturing industry, and the electricity consumption showed an obvious increase.
Electricity consumption of Internet data services increased by 33.4% year-on-year.
The electricity consumption of the tertiary industry increased by 14.3% year-on-year, and the growth rate was 10.3 percentage points higher than that of the same period in 2023. Big data and "cloud computing" have developed rapidly, and the electricity consumption of Internet data services has increased rapidly, with a year-on-year increase of 33.4%. At the same time, with the vigorous development of electric vehicles in China, the electricity consumption of China’s charging and replacing service industry has increased substantially, with a year-on-year growth rate of 70.1%.
Demand for people’s livelihood consumer logistics maintained rapid growth.
From the perspective of people’s livelihood consumption, in the first quarter, the total logistics volume of units and residents’ goods increased by 11.6% year-on-year, and the growth rate increased by 5.7 percentage points over the same period of last year. From the perspective of products, the demand for upgraded people’s livelihood consumption logistics continued to be released, and the demand for retail logistics of sports and entertainment products and communication equipment increased by more than 10% year-on-year.
In the first quarter, the total social logistics in China increased by 5.9% year-on-year, which made a good start.
China Federation of Logistics and Purchasing announced on April 29th that in the first quarter of 2024, the total social logistics in China was 88 trillion yuan, up by 5.9% year-on-year, and the growth rate was 0.5 percentage points higher than that in the fourth quarter of last year and 2 percentage points higher than that in the same period of last year. The total amount of social logistics has continued the upward trend since last year, and the overall recovery level has risen steadily.
In the first quarter, China cultural enterprises realized operating income exceeding 3 trillion yuan.
According to the data released by the National Bureau of Statistics on April 29th, in the first quarter, the operating income of cultural and related industrial enterprises above designated size nationwide reached 3,105.7 billion yuan, an increase of 8.5% over the same period of last year. The total profit was 211.6 billion yuan, an increase of 5.8% over the same period of last year. The development of cultural enterprises has made a good start.
China shipbuilding enterprises win the world’s largest single shipbuilding order.
On April 29th, China Shipping Group and Qatar Energy Group signed 18 orders for the world’s largest 271,000 cubic meters super-large liquefied natural gas (LNG) carriers, which became the largest single shipbuilding order in the world at present, marking that China’s R&D and design capability of high-end ships has moved towards the world leading goal.
The dynamic ignition test of liquid rocket with maximum thrust in China was a complete success.
The 130-ton liquid oxygen kerosene rocket engine independently developed by China completed the ignition test of four engines in parallel on April 28th, and the total thrust of the engine exceeded 500 tons. This is an engine ignition test with the largest thrust and the most complicated system in the history of liquid rocket power development in China, which provides support for the subsequent development and first flight of new rockets in China.
The completion rate of comprehensive three-dimensional traffic network in China is about 90%
On April 29, the Ministry of Transport held a press conference, and the relevant person in charge said that China is accelerating the construction of a national comprehensive three-dimensional transportation network. At present, the spatial layout of the main skeleton has been basically completed.
The main skeleton of the national comprehensive three-dimensional traffic network can be summarized as "6 axes, 7 corridors and 8 channels", that is, 6 main axes, 7 corridors and 8 channels.
"Six axes" include Beijing-Tianjin-Hebei — Yangtze River Delta Spindle, Beijing-Tianjin-Hebei — Main axis of Guangdong, Hong Kong and Macao, Beijing-Tianjin-Hebei — Chengdu-Chongqing main axis, Yangtze River Delta — Main axis of Guangdong, Hong Kong and Macao, Yangtze River Delta — Chengdu-Chongqing main axis, Guangdong, Hong Kong and Macao — Chengdu-Chongqing spindle and other 6 spindles.
"Corridor 7" includes seven corridors, including Jingha Corridor, Beijing-Tibet Corridor, Continental Bridge Corridor, Western Land-sea Corridor, Shanghai-Kunming Corridor, Chengyu-Kunming Corridor and Guangkun Corridor.
The "eight channels" include Suiman channel, Jingyan channel, border channel, Fuyin channel, Erzhan channel, Sichuan-Tibet channel, Xianggui channel and Xiamen-Chengdu channel.
"6-axis, 7-corridor and 8-channel" is the most critical trunk line and main channel in the national comprehensive three-dimensional transportation network, and it is the main axis of China’s land space development and the aorta of the national economic cycle.
In the next step, the Ministry of Transport will jointly issue the "Main Skeleton Route Plan" with relevant departments to coordinate the protection of resource elements such as land, sea and forest. At the same time, in the implementation of the five-year plan and the annual investment plan, priority will be given to the main skeleton construction projects, and efforts will be made to take the lead in building 1-mdash; 2 demonstration channels.
Launching of Shield Machine for Pilotage High-speed Railway Tunnel
On April 29th, the shield machine of high-speed railway tunnel, which is independently developed by China and has the largest diameter in the world at present — — The "Pilot" was successfully launched, and the construction of Chongtai Yangtze River Tunnel ushered in a new stage.
At 11 o’clock in the morning, at the construction site of Wan ‘an Village, Chongming, Shanghai, at the mouth of the Yangtze River, the "Pilotage" shield machine officially started its journey across the river. This shield machine has a total length of 128 meters and a total weight of about 4,000 tons. It will start from Chongming, dig more than 10,000 meters alone, cross the Yangtze River Knife and Crucian Carp Protection Zone, the main channel and other environmentally sensitive areas, and reach Taicang, Jiangsu.
It is understood that Chongtai Yangtze River Tunnel is the control project of Shanghai-Chongqing-Chengdu High-speed Railway, with a total length of 14.25 kilometers. It is the river-crossing tunnel project with the longest single-headed excavation distance and the largest shield diameter of railway tunnel in the world. The speed of high-speed rail crossing the river will be 350 kilometers per hour, which will become a new fast-track connecting Shanghai, Nanjing and Hefei metropolitan areas.
The latest monthly and quarterly data of "CCTV Financial Street Economic Prosperity Index" was released.
On April 29th, the latest monthly and quarterly data of the economic prosperity index of CCTV Financial Street was released for the first time.
The "CCTV Financial Street Economic Prosperity Index" was first released in March 2024, with an index of 109.89 points, up 9.4% year-on-year and 3.8% quarter-on-quarter, indicating that off-balance-sheet financing and direct financing in the financial market have improved significantly, and most financial practitioners are optimistic about the future economic prosperity.
Fu Lin, deputy dean of the School of Economics of the Central University of Finance and Economics, said that the economic prosperity index of CCTV Financial Street was significantly higher than that of our threshold in March, and I kept rising for three consecutive months, which fully showed that with the continuous release of the macro-combination policy effect, the endogenous kinetic energy of China’s economy was accelerating and the market confidence was constantly boosted.
The index of the first quarter of 2024 released for the first time was 106.54, up 3.5% year-on-year and 2.3% quarter-on-quarter, indicating that the economic boom in the beginning of 2024 recovered rapidly and the investment structure and credit structure continued to be optimized.
It is particularly noteworthy that 1-mdash; In March, manufacturing investment increased by 9.9%, and the growth rate accelerated by 0.5 percentage points. The two indicators of "technology and finance" and "Digital Finance" increased significantly, with year-on-year growth rates of 5.3% and 4.6%. Under the guidance of accelerating the cultivation of new quality productivity, the technological transformation and equipment renewal of enterprises have promoted the manufacturing investment to maintain a high level of growth.
It is understood that the "CCTV Financial Street Economic Prosperity Index" is supported by the School of Economics of the Central University of Finance and Economics, and a number of secondary indicators have been set up around the "five major articles" proposed by the Central Financial Work Conference, focusing on scientific and technological innovation, green transformation, universal benefits, pension industry, digital economy and other fields. From the perspective of financial practitioners, based on economic confidence, market expectations, risk management and other aspects, it provides financial index services that can be used for reference for high-quality economic development.
Since 2023, 394,000 veterans have reached employment intentions.
The reporter learned from the press conference held by the Department of Veterans Affairs on April 29th that since 2023, a total of 11,500 job fairs have been held for veterans nationwide, and 394,000 veterans have reached employment intentions, up by 7.4% year-on-year, and the employment channels and scale have been continuously expanded.
Since 2023, 11,500 job fairs have been held throughout the country through the annual employment service special action, private enterprise service month, golden autumn recruitment month and other activities, providing about 7.067 million job information, and 394,000 retired soldiers have reached employment intentions. The Department of Veterans Affairs also held the signing ceremony for the fourth batch of ministries and enterprises, and cooperated with 69 central enterprises, state-owned enterprises and private enterprises. The contracted enterprises provided 264,000 exclusive posts for veterans according to the agreement.
With the first batch of retired soldiers returning to the local area in the spring, the employment recruitment service activities in 2024 entered the first peak period. Since the beginning of April, Gansu, Inner Mongolia, Hubei, Tianjin and other places have been organizing special recruitment activities for veterans.