The national economy in China grew continuously in the first two months of this year – Dainik Savera Times

On March 18, data released by the Chinese National Bureau of Statistics showed that in the first two months of this year, production demand grew steadily, employment prices remained generally stable, the quality of growth continued to improve, and economic operations Good conditions continued in.

Industrial production is booming and the service industry is growing well. From January to February, the added value of industries above specified size nationwide increased by 7 percent compared with the same period last year, 0.2 percentage points higher than last December. The national service industry production index increased by 5.8 percent year-on-year.

Market sales continue to improve, and the growth rate of real estate investment is increasing. In the first two months, total retail sales of consumer goods were 81.307 trillion yuan, an increase of 5.5 percent year-on-year. Retail sales of services increased by 12.3 percent year-on-year. National fixed asset investment (except rural households) was 50.847 trillion yuan, an increase of 4.2 percent year-on-year. Excluding real estate development investment, national real estate investment increased by 8.9 percent year-on-year.

Import and export of goods increased rapidly and the optimization of trade structure continued. From January to February, the total import and export of goods was 66.138 trillion yuan, an increase of 8.7 percent compared with the first two months last year. There was a trade surplus of 8.909 trillion yuan. General merchandise imports and exports increased by 10.0 percent year-on-year, accounting for 65.7 percent of total imports and exports, and an increase of 0.8 percentage points over the same period last year.

The employment situation is stable, and consumer prices have turned from falling to rising. From January to February, the national average urban survey unemployment rate was 5.3 percent. In February, the National Urban Survey unemployment rate was 5.3 percent, an increase of 0.1 percentage point from January and a decrease of 0.3 percentage point from February 2023. In the first two months of this year, the national consumer price index (CPI) remained unchanged from last year, decreasing by 0.8 percent in January and increasing by 0.7 percent in February.

(Courtesy- China Media Group, Beijing)