xinhua finance beijing may 8 (reporter zhao chao, an bei, chen weiwei, liu hongxia) "51" holiday domestic tourist reception total of 195 million person-times, railway single-day passenger volume hit a record high; china's manufacturing purchasing managers' index rose to 50.1 percent in april, the second straight month of expansion. in the first quarter, the average daily number of newly registered market entities was 53,000, up 26.3% year on year.
this is a vivid portrayal of china's economic development in the vibrant season.
we are off to a promising start. china's economic strength is growing, its potential is being unleashed, and its resolve remains unchanged.
see toughness -- keep running smoothly and improving quality
since april, the disclosure of the main indicators of data, it is a surprise.
in the first quarter, china's economy grew by 6.4% year on year.
in the first quarter, the national consumer price index rose by 1.8 percent year-on-year, down 0.3 percentage points from the same period last year.
china will continue to open wider to the outside world, diversify the international market, and maintain a balanced international balance of payments.
this report card is based on the fact that china's total economic output has exceeded 90 trillion yuan, ranking second in the world.
speed and aggregate are no longer synonymous with china's economy. entering a new era, china's economy is marked by its resilience and strength with distinctive features of high-quality development.
toughness presents in smooth operation
after the first-quarter figures were released, reuters commented that china's economy was "" more stable than expected" ". the associated press said china's economy remained solid in the first quarter, and that solid growth and import demand would help boost weakening global economic activity.
sustained and steady growth and rising quality are china's greatest contribution to the world economy.
"the world needs china, and global economic growth cannot be achieved without china's sustained development." imf managing director christine lagarde said.
resilience is evident in people's well-being
we will benefit the people and ensure steady income. from january to march this year, 3.24 million new urban jobs were created. at the end of the first quarter, the registered urban unemployment rate was 3.67 percent, down 0.22 percentage points year-on-year.
in the first quarter, the national per capita disposable income was 8,493 yuan, an increase of 6.8 percent in real terms, 0.2 percentage points faster than the same period last year, outpacing gdp growth.
in the first quarter, the individual income tax reform reduced taxes by 168.6 billion yuan, or 85.5 billion yuan per person.
resilience builds on good expectations
the international monetary fund recently raised its forecast for china's economic growth this year by 0.1 percentage point to 6.3 percent.
in the first quarter, consumer confidence rose 3.2 points from the fourth quarter of last year.
behind the smooth data, china's economic development expectations and improved confidence is more precious.
yuan da, spokesman for the national development and reform commission, said: "the stable start of the first quarter of the year has laid a good foundation for the trend of the whole year.
under the strong leadership of the cpc central committee, with a strong domestic market as a solid foundation and supply-side structural reform as a new driving force, china's economy has broad prospects.
"although china's economy is facing downward pressure, the fundamentals of long-term sound economic development have not changed." li yining, honorary dean of peking university's guanghua school of management, said, "we should strengthen our confidence, activate the endogenous driving force, persist in promoting high-quality development, meet challenges in development and seize opportunities in the changing situation."
look at the potential -- the transformation of kinetic energy has picked up speed and vigor has burst forth
tourism revenue in sichuan, hunan, fujian, chongqing, guangxi and other provinces exceeded 10 billion yuan. the film's box office exceeded 1.5 billion yuan, a new high for the may day holiday. catering, automotive supplies and other consumption increased...
although many people complain about traffic jams and crowded scenic spots during the extended mini-vacation, market participants see huge potential in china's economy.
the huge potential lies in the huge and escalating consumer demand of the world's largest middle-income group with a population of nearly 1.4 billion.
38 trillion yuan, which is the size of china's consumer market in 2018. it is one of the largest in the world and continues to expand at a rapid pace. "the whole world is watching chinese consumption." japan economic news website article said.
according to the national bureau of statistics, in the first quarter of this year, the contribution of final consumer spending to gdp growth was 65.1 percent, making it the main engine of economic growth.
huge potential lies in the multiplier effect of transformation and upgrading.
the market economy is like a great wave sweeping sand. rooted in the deep foundation of china's manufacturing industry and the huge market demand, chinese enterprises are making intensive efforts in each segment and growing rapidly, becoming the forerunner of innovation-driven development.
data show that the size of china's digital economy will reach 31.3 trillion yuan in 2018, accounting for 34.8 percent of gdp. china's innovation index rose to 17th in the world. in the first quarter of this year, the added value of high-tech and strategic emerging industries continued to grow faster than the overall growth rate of industries above designated size.
"a new generation of chinese companies, led by those in the technology sector, is driving much of the growth of the world's second-largest economy." the bloomberg news website notes that chinese government policies are reinforcing the trend.
great potential lies in the grand pattern of coordinated development.
the gradual development of regional coordination pattern, the continuous promotion of urbanization, the revitalization of rural development... we will unceasingly release, expand and deepen the regional space, and make the pulse of china's economic development stronger and more steady.
recently, the opinions of the cpc central committee and the state council on establishing and improving the urban-rural integrated development system, mechanism and policy system were released.
it has become the key to resolving major social conflicts, an important symbol of modernization and a powerful driving force for expanding development space.
since the beginning of this year, the coordinated development of the beijing-tianjin-hebei region, the development of the yangtze river economic belt, the construction of the guangdong-hong kong-macao greater bay area, and the regional integration of the yangtze river delta region have continued to advance, demonstrating a new look of coordinated regional development.
the eastern region continued to transform and upgrade, the central and western regions experienced rapid growth, the northeastern region saw steady recovery, and the four major regional plates conducted sound interactions.
urbanization, increased purchasing power and the consequent demand for quality products and services, as well as the growth of retail sales, have made china's economic transformation unstoppable, the website of the spanish newspaper abes said.
outlook - we will continue to deepen reform and open wider to the outside world
the "one belt and one road" trade and investment index jointly released by the china center for international economic exchanges and other institutions on may 7 showed that china's total trade in goods with countries along the "one belt and one road" route exceeded 6 trillion us dollars from 2013 to 2018, making china the largest trading partner of the 25 countries along the "one belt and one road" route.
"china has become the main driver of 'one belt and one road' trade growth." zhang monan, a lead researcher at the institute of european and american studies at the china center for international economic exchanges.
we will expand market access for foreign investment in more areas, increase international cooperation in ipr protection, increase imports of goods and services on a larger scale, more effectively implement international macroeconomic policy coordination, and pay greater attention to the implementation of the opening-up policy.
at the opening ceremony of the second one belt and one road international cooperation summit held not long ago, china announced a series of major reform and opening measures.
in the audience, dozens of state leaders, heads of major international institutions and guests from all walks of life listened attentively and gave thunderous applause from time to time.
"" china's major moves to further reform and open up will give the world certainty, confidence and hope." " united nations secretary-general antonio guterres said.
ethiopia's prime minister hailem abi says china's success is the result of a combination of continued reform and opening up, strong strategic focus and strong leadership. china's initiative of jointly building the "one belt and one road" is full of wisdom and foresight. it will help build a more equitable and just international order and bring development opportunities to more countries, especially developing countries.
reform will not stall and opening up will not stop. since the beginning of this year, china's supply-side structural reform has been advancing in depth with the focus on "consolidation, enhancement, upgrading and smooth operation". the proactive fiscal policy has been strengthened and the prudent monetary policy has been moderately tightened. in deepening reform, china has paid more attention to improving the quality and stimulating market vitality, and prevented and defused risks in high-quality development in a more prudent way.
after more than 40 years of reform and opening up, china has become more attractive in the new era. it has not only become a "stabilizer" and a "source of power" for world economic growth, but also a "rigid need" for world economic recovery.
he who overcomes the situation wins.
it is in keeping with the inherent needs of its own development and the common aspiration of building a community of shared future for mankind that china's moves to deepen reform and open wider to the outside world can strike a chord with the rest of the world.
in 2018, global transnational investment dropped by 19%, while china's actually used foreign investment reached 138.3 billion us dollars, ranking first among developing countries. more than 60,000 foreign-funded enterprises were set up in the whole year, up by 69.8%. we will review and adopt the foreign investment law, amend the patent law, and pledge to cut taxes and fees on a larger scale to level the playing field... a series of key measures to face up to foreign investment have shown the world china's determination and action to open wider to the outside world.
in the first quarter of this year, the amount of foreign capital actually used in china increased by 6.5 percent year-on-year, as foreign companies acted as a vote of confidence in the chinese economy.
hold the elephant, the world goes. a more open china will have more positive interactions with the rest of the world and bring about a more progressive and prosperous china and the world.
source: economic information daily