State of China’s national economy – Dainik Savera Times
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Shang Laiyun, deputy head of China’s State Bureau of Statistics, introduced the state of the national economy in the first quarter of this year at a news briefing held by the News Office of the State Council on April 16.
According to preliminary accounting, China’s GDP in the first quarter stood at 296 trillion 29 billion yuan (about Rs 3,418 trillion). When calculated at constant prices, it is 5.3 percent more than the same period last year and 1.6 percent more than the fourth quarter of last year.
In terms of industry, the increase in the output value of primary industry was 11 trillion 53 billion 80 crore yuan (about Rs 133 trillion), which is 3.3 percent more than the same period last year. At the same time, the increase in the output value of secondary industry and tertiary industry was 109 trillion 84 billion 60 crore yuan (about Rs 1,267 trillion) and 174 trillion 91 billion 50 crore yuan (about Rs 2,018 trillion) respectively, whose growth rates were 6 percent and 6 percent respectively. Was 5 percent.
It is said that in the first quarter, the increase in the output value of state industrial enterprises with annual revenue of more than 20 million yuan across China was 6.1 percent higher than the same period last year. The growth in output value of high-tech manufacturing enterprises was 7.5 percent, which is 2.6 percent more than the fourth quarter of last year. In January and February this year, the total profit of state industrial enterprises with annual income of more than 20 million yuan was 9 trillion 14 billion yuan (about 105 trillion rupees), with a growth rate of 10.2 percent.
At the same time, the total retail sales of social consumer goods in the first quarter was 120 trillion 32 billion 70 crore yuan (about Rs 1,388 trillion), whose growth rate is 4.7 percent. Service retail sales were 10 percent higher than the same period last year. The total import-export of goods was 101 trillion 69 billion 30 crore yuan (about Rs 1,173 trillion), whose growth rate is 5 percent.
Overall, production needs in China increased continuously. New progress achieved in high-quality development. The better condition of the national economy continued.
(Credits- China Media Group, Beijing)
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