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Finance, online consumption, and spring farming release "stable", "progress" and "good" signals, China's economic enthusiasm rises
2025-05-01 source:CCTV.com

CCTV News: The latest data released by the People's Bank of China on February 14 showed that the total financial volume continued to maintain reasonable growth in January this year, and the support for the real economy was solid.

Data shows that the balance of broad money M2 at the end of January was 318.52 trillion yuan, an increase of 7% year-on-year, and the growth rate was basically stable; the increase in social financing scale in January was 7.06 trillion yuan, the highest level in the same period in history. RMB loans increased by 5.13 trillion yuan.

Since this year, credit issuance has also shown many highlights. Inclusive small and micro loans and medium- and long-term loans in manufacturing increased by 12.7% and 11.4% year-on-year respectively, both higher than the growth rate of all loans.

The weighted average interest rate of newly issued corporate loans in January was about 3.4%, a year-on-year decrease of about 0.4 percentage points, at a historical low. The People's Bank of China said that the moderately loose monetary policy this year will continue to increase credit supply and continue to consolidate the positive trend of economic recovery.

The New Year is accelerating·The online consumption has achieved a good start in 2025

The reporter learned from the Ministry of Commerce that the "2025 National Online New Year Festival" has come to a successful conclusion and online consumption has achieved a "good start".

The "2025 National Online New Year's Festival" will be launched on January 7 and end on February 5. According to business big data monitoring of key e-commerce platforms, during the event, the national average daily online retail sales increased by 6.2% year-on-year.

The favorable policies for exchanging old-for-new forces are accelerating the emergence of favorable policies, and various regions have introduced diversified subsidy preferential measures and convenient recycling channels, promoting the growth of online sales of dishwashers and water purifiers by 71.8% and 47.4% respectively. Positive policies such as the expansion of visa-free "Friends" and the extension of holidays have driven the rapid growth of cross-border tourism, with online tourism sales increasing by 35.2%.

Intangible cultural heritage drives and leads new trends. During the Spring Festival holiday, sales of tourism products such as intangible cultural heritage performances and folk gardens were booming, with online sales increasing by 407.7% and 109.8% respectively. Online entertainment has grown brilliantly, and the Spring Festival movie market is booming. "Buying tickets online and watching movies offline" has driven the sales of online entertainment to grow by 55.5%.

In addition, since the 2025 time-honored brand carnival held by the Ministry of Commerce and China Central Radio and Television Station and others have driven online and offline consumption by more than 1.6 billion yuan. In the next step, the Ministry of Commerce will guide relevant parties to continue to launch a variety of time-honored products exhibitions, displays and experience activities to better drive the consumption of domestic products "trendy products".

The Spring Festival is accelerating, and the spring farming preparations are gradually being launched. The "rain" is approaching, and the spring farming preparations are gradually being launched from south to north.

Due to the lack of precipitation since the beginning of winter, there have been drought outbreaks in Shandong, Hebei and other provinces. In the past few days, the Mawan irrigation area of ​​the large Yellow River irrigation area located in Dongying, Shandong has started pumping and picking up water. The Yellow River water flows to the wheat fields, with a daily water supply exceeding 1 million cubic meters. At present, 21 large and medium-sized irrigation areas in Shandong Province have opened gates to release water.

Early rice in southern China has begun to soak seedlings and seedlings. The northern region is preparing seedlings and fertilizers for maintenance of agricultural machinery. The supply of fertilizers and other agricultural supplies is sufficient and the prices are stable. Spring farming preparations have started well.

This year, Hainan has fully implemented a pilot agricultural machinery voucher policy, subsidized agricultural machinery operation services such as rice machine transplanting in the form of electronic vouchers to improve the quality of planting.

As the temperature rises, early rice seedling cultivation in Guangdong has been gradually launched. Taishan, the main early rice production area, has built 9 seedling centers this year. On the automated seedling plant, soil sprinkling, seedling and watering can be completed in sequence, which can provide 33,000 mu of seedlings, and the seedling supply capacity has been greatly improved.

While the snow has not melted, Jilin Gongzhuling has stepped up the fertilizer throwing operation. In the black soil protection and utilization project area, growers throw away the rotten organic fertilizer into the fields. The local area has protected soil fertility in this way for four consecutive years. At present, the soil organic matter content in the project area has increased by more than 3%.

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