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"Inventory Policy + Incremental Policy" work together to promote a good start to China's economy
2025-05-13 source:CCTV.com

CCTV News: The State Council Information Office held a press conference on April 16, and relevant persons in charge of the National Bureau of Statistics introduced China's macroeconomic situation in the first quarter. At the press conference, a relevant person in charge of the National Bureau of Statistics said that my country's existing policies and incremental policies cooperate with each other, and the policy effects continue to appear in promoting consumption recovery and driving investment growth.

Inventory incremental policies cooperate with each other to effectively promote the recovery of consumption

Sheng Laiyun, deputy director of the National Bureau of Statistics, introduced that the policy effect effectively promotes the recovery of consumption. In the first quarter, the total retail sales of consumer goods increased by 4.6% year-on-year, an increase of 1.1 percentage points from the whole year of last year, a large increase. Among them, the "two-fold" and "two-new" policies, especially the policy of exchanging consumer goods, have obvious effects, and the sales growth rate of newly expanded products such as electric bicycles, mobile phones, tablets, and smart watches is very high.

The stock incremental policies cooperate with each other to effectively drive investment growth

At the same time, they effectively drive investment growth. Since the beginning of this year, the issuance of new local special bonds has accelerated, which has driven the improvement of funds in place and the promotion of projects. In the first quarter, the cumulative issuance of new special bonds was close to 1 trillion yuan, the actual funds in place for fixed asset investment this year increased by 3.7% year-on-year, and infrastructure investment increased by 5.8%, an acceleration of 1.4 percentage points over the whole year of the previous year.

Sheng Laiyun, deputy director of the National Bureau of Statistics, said: "Driven by the 'two-fold', especially large-scale equipment renewal policy, investment in equipment and tools purchases increased by 19% year-on-year, accelerating by 3.3 percentage points over the whole year of last year, and the contribution rate to the growth of all investment was 64.6%, effectively driving investment."

The macro-policy effect is obvious and effectively promoting industrial production

The policy effect also effectively promoting industrial production. In the first quarter, the output of special equipment for agricultural product processing and special equipment for packaging products increased by double digits year-on-year. In addition, new energy vehicles grew by 45.4%, and the corresponding charging pile production increased by 26.3%.

Market activity and confidence have been effectively improved

In addition, market activity and confidence have been effectively improved. "From these five dimensions, the macro-policy effect since this year is very obvious. On September 26 last year, the package of policies reversed the trend of economic downturn. This year's incremental policies and existing policies have worked together to promote a good start to the economy. In the next step, we must further implement, implement and implement policies to a greater extent, and release the potential of the policy to a greater extent." Sheng Laiyun, deputy director of the National Bureau of Statistics, introduced this.

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