China'S Economy Will Continue To Maintain Upward Momentum.

China's GDP grew by 6.7% in the first quarter of 2016, compared with 6.8% in the fourth quarter of 2015, compared with the same period in 2016.

At first glance, 6.7% is slower than 6.8%, but gold content can not be underestimated. Many data provide evidence for China's economic recovery.

In addition to the five major development concepts, the continuous deepening of comprehensive reform will provide strong support for China's rapid economic growth in terms of system and mechanism.

China is actively pushing forward the structural reform of the supply side. "Going to capacity, stocktaking, deleveraging, reducing costs and making up short boards" will largely improve the efficiency of supply, enhance the development of kinetic energy, and provide support for the decisive role of the market in the allocation of resources.

At the same time, in order to meet the needs of the new normal economy, the flexible and moderate monetary policy in 2016 and the active fiscal policy of boosting efficiency will continue to escort the steady growth of China's economy.

The tax reduction policy is also worth looking forward to. In May 1st, the pformation of the camp to the entire interview point means that the massive tax reduction policy is becoming a reality and the market vitality will be fully released.

The purchasing managers' index (PMI) of China's manufacturing industry released by the National Bureau of statistics was 50.2% in March 2016, a sharp rise of 1.2 percentage points from the previous month, while the non manufacturing business activity index was 53.8%, up 1.1 percentage points from last month.

In particular, the PMI of large enterprises was 51.5%, up 1.6 percentage points from last month, reaching above the critical point.

In March, the PMI of the medium-sized enterprises was 49.1%, although it was below the critical point, it rose 0.1 percentage points from last month. PMI of small enterprises was also 48.1% at the critical point, but 3.7 percentage points higher than last month.

This shows that China's economy has gradually stabilized.

First quarter

The data also show that China's economy is improving.

In the first quarter, the national revenue was 38896 billion yuan, an increase of 6.5% over the same period last year.

This increase is 0.7 percentage points higher than that of the previous year.

The increase seems small, but if we take into account the growth of fiscal revenue in the first quarter mainly on tax revenue, we will find the significance behind this modest increase.

Last year, non tax revenue contributed more to the growth of fiscal revenue.

Considering that the non tax revenue has a greater impact on the one time, such revenue growth is not sustainable.

The growth of tax revenue in the first quarter is real and, to a large extent, sustainable.

Tax revenue was originally associated with

There is a close relationship.

The increase in the income tax on goods and services can find more evidence for economic growth.

In the first quarter, the domestic value-added tax was 824 billion 800 million yuan, an increase of 6.6% over the same period last year, and the increase in the turnover of the camp increased by 3.8%.

Value added tax is the largest tax category, which can achieve such an increase, at least indicating that the economy is generally healthy.

In the first quarter, domestic consumption tax was 298 billion 700 million yuan, an increase of 6.7% over the same period last year.

In the first quarter, business tax was 568 billion yuan, an increase of 14% over the same period last year, and the growth of the camp was changed by 16.1%.

The growth rate of business tax is relatively fast, which is related to the economic activity of related industries, especially the real estate industry.

In the 1-2 month, the export tax rebate was 184 billion 300 million yuan, down 8.5% compared with the same period last year. In 1-3 months, the export tax rebate was 317 billion 500 million yuan, down 4.9% compared to the same period last year.

The decline in export tax rebates has been greatly reduced, indicating that the export situation has also changed to some extent.

At the same time, the tax structure was also improving in the first quarter.

Personal income tax was 315 billion yuan, an increase of 18.2% over the same period last year. This will help increase the proportion of direct tax revenue and promote it.

Structural optimization.

The good foundation laid in the first quarter will provide strong support for China's rapid economic growth. Fundamentally speaking, economic growth needs to rely on the release of market vitality.

China has been encouraging "mass entrepreneurship and innovation". In the "13th Five-Year" period, China will implement the five major development concepts of innovation, coordination, green, openness and sharing, and policies will focus on these ideas.

The implementation of these ideas means the sustainable development of China's economy: innovation will bring new impetus to China's economy, and will provide the most powerful support for China's economy to turn from an economic power to an economic power. Coordination means that economic construction, political construction, social construction, cultural construction and ecological civilization construction are coordinated with each other in the modernization drive, and there will not be any short board. Green means that China will not blindly pursue economic growth, but will better link economic growth with environmental protection. Opening up indicates that China will continue to co-ordinate the two markets at home and abroad, and will continue to bring prosperity. Sharing means that the dividends of China's economic growth will be enjoyed by most people, thus forming a favorable environment for economic and social development.

The implementation of the five major development concepts will provide an important guarantee for building a well-off society in an all-round way in 2020. The goal of China's economic growth 6.5%-7.0% in 2016 will also be easier to achieve.