A Smooth Start To The Economy And A Good Prospect.

In the first quarter, a number of important economic indicators went well, and investment grew by 10.7%, which was 0.7 and 0.5 percentage points faster than that of last year and the first two months. The fiscal revenue growth picked up, and the national general public budget revenue increased by 6.5%, which was 0.7 and 0.2 percentage points faster than that of last year and the first two months.

"The economy starts smoothly, the signs are good, and the spring is open."

The national development and Reform Commission Policy Research Office released the analysis report 28 days as described.

Looking at the leading indicators in the economic field, it also revealed the warmth that the Manufacturing Purchasing Managers Index rose to 50.2% in March after 7 consecutive months of decline.

After the Spring Festival, the stock market gradually stabilized, and the Shanghai stock index returned to 3000 points in the near future. The RMB exchange rate between the domestic and offshore markets stabilized at around 6.5, and foreign exchange reserves rebounded after a 4 month net decrease in March.

The three "growth rate" and three "negative ones".

From the macroeconomic data, the first quarter,

The positive changes are more and more reflected in the three "growth and recovery" and three "negative ones".

The three "growth picked up" includes: the growth rate of investment has picked up; the total investment of the new projects in the first quarter has increased by 39.5%; the industrial growth rate has recovered; the added value of industrial added value above scale has increased by 5.8%, of which the increase in March has been 6.8%; and the growth of fiscal revenue has picked up.

The three "from negative to positive" includes: the growth rate of real estate development investment has shifted from negative to positive. Driven by the growth of sales area and sales volume of 33.1% and 54.1% respectively, the investment in real estate development has changed from three to fourth quarter last year to 6.2% growth; the export growth rate of foreign trade has shifted from negative to positive; the growth rate of US dollar export has decreased from 17.8% in the previous two months to 11.5% in March; the efficiency of enterprises has shifted from negative to positive, thanks to the narrowing of the producer price and the acceleration of the growth of industrial product sales. The profit of Industrial Enterprises above Designated Size in the first two months has increased by 4.8%, the first time since June last year.

Five "stability" and five "advance"

The national development and Reform Commission report shows that, overall, the first quarter

Stability is manifested in five aspects, one of which is the growth of the economy in a reasonable range. In the first quarter, the gross domestic product increased by 6.7% over the same period, which is in the 6.5%~7% range and ranks among the leading economies in the world.

"Stability" is also reflected in stable agriculture, stable employment income, stable consumer prices and stable social development.

The situation of agricultural production is good, the spring sowing is progressing smoothly, the supply of agricultural materials is adequate, the prices are stable, the registered unemployment rate of cities is at a low level of 4.04%, the number of new jobs in urban areas in the first quarter is 3 million 180 thousand, the per capita disposable income of the whole population has increased by 6.5% in real terms, the basic level has remained stable, the consumption price of residents has increased moderately, the increase in the first quarter has been 2.1%, the social undertakings of education, science, culture and health have been accelerated, the supply of public goods and services has been continuously improved, and the society has maintained harmony and stability.

From the perspective of "entering", we have made positive progress in structural adjustment.

從需求結構看，居民消費升級勢能持續釋放，住行、信息、旅游、文化等消費表現搶眼，一季度社會消費品零售總額同比增長10.3%;從供給結構看，產業結構升級步伐穩健，服務業發展繼續領跑，一季度增加值增長7.6%，占經濟總量比重達56.9%，戰略性新興產業、高技術產業和裝備制造業增加值分別增長10%、9.2%和7.5%;從區域結構看，地區協調發展穩步推進，中部、西部地區規上工業增加值分別增長7%和7.3%，快于東部地區0.7和1個百分點;從發展質量看，綠色發展進展積極，一季度單位國內生產總值能耗同比下降5.3%，水電、風電、核電、天然氣等清潔能源消費量占比提高1.7個百分點;從創新活力看，截至2月份，全國已形成完整的創業服務鏈條，在孵企業超過10萬家，培育上市和掛牌企業600多家，吸納就業人數超過160萬人。

On the other hand, the "vitality" of technological innovation has been enhanced. In the first quarter, the authorized volume of invention patents increased by 55.3%, and the turnover of technology market increased by 10.5%.

Behind this is the continuous advance of comprehensive deepening reform.

The structural reforms on the supply side initially showed "results".

The real estate went to inventory and made progress. While the market pactions were generally active, the paction area of the three or four line cities increased rapidly, and the cost of the real economy was reduced by means of universal tax reduction, tariff reduction and reduction.

At the same time, opening to the outside world has achieved positive results.

In the first quarter, China's non-financial foreign direct investment exceeded US $40 billion, and the actual utilization of foreign capital was US $35 billion 400 million.

"From macro to micro, from structure to mechanism, from status quo to expectation, positive changes are increasing, favorable conditions are also gathering, and the first quarter starts smoothly and steadily, better than expected."

The national development and Reform Commission stressed the report.

At the same time, we also see that the world economy is still in the stage of deep adjustment. Our country is in a critical period of pformation and upgrading and pformation of energy. There are still many difficulties and challenges in the economic operation. Steady growth and structural adjustment and reform need more efforts. We must focus on structural reform, especially supply side structural reform, actively expand effective demand, and continue to consolidate and expand the momentum of economic stability.