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Leading indicators look at vitality | Highlights appear frequently, and multiple economic fields maintain a positive trend
2025-05-18 source:CCTV.com

CCTV News: The National Information Center released a series of leading indicators today (May 17). The reporter found that since April, with the coordinated efforts of a series of macro policies, consumption, investment, industrial production and other fields have maintained a positive trend.

The latest data shows that in April, the overall sales of excavators increased by 17.6% year-on-year, of which domestic sales increased by 16.4% year-on-year. Since the beginning of this year, excavator sales have continued to rebound, reflecting the positive signals of the gradual recovery of the construction machinery industry and the rebound in domestic demand. The latest data from the National Information Center shows that in April, the national construction machinery operation rate increased by 1.6 percentage points month-on-month, and engineering construction in various places became busier, among which road equipment performed outstandingly.

In April, nearly half of the provinces in the country achieved positive growth month-on-month. From a regional perspective, the busiest one is the Northeast region, with the operating rate in April reaching 61.13%, an increase of 13.08% month-on-month, and both data rank first in the country. All key infrastructure projects in the Northeast region have been fully launched, and the infrastructure construction driven by low-altitude economy, cultural and tourism industries has achieved remarkable results.

At the same time, construction funds are being implemented at an accelerated pace. In the first four months of this year, the total issuance of local government bonds nationwide was approximately 353.54 billion yuan, an increase of about 84% year-on-year, and the scale and growth rate of bond issuance both hit new highs in the same period in recent years. Ultra-long-term special government bonds also began issuance in late April, nearly a month earlier than last year. Funding guarantees for various major projects continue to be strengthened. The National Information Center's monitoring and analysis bidding data also showed that in April, the national project winning amount increased by 10.0% year-on-year and 7.8% month-on-month, and the growth rate of energy and chemicals, transportation engineering, medical and health care, municipal facilities and other industries was leading the way.

Industrial production continues to improve, and the innovation vitality of enterprises is accelerating.

In April, my country's industrial production vitality continued to develop positively, and the innovation vitality of enterprises is accelerating, showing a good trend of "increasing quantity and excellent quality".

The National Information Center monitors the flow of people in key industrial parks. The production popularity index of industrial parks built shows that it increased by 21.2% year-on-year in April, an increase of 6.1 percentage points from the previous month, and industrial production activities are becoming more and more active. Experts believe that the efforts of policies such as promoting equipment renewal have boosted the development of some consumer goods and equipment manufacturing industries, and thus driven the production vitality of industrial parks.

The National Information Center's startup business vitality index increased by 36.8% year-on-year in April, an increase of 14.3 percentage points from the previous month; the technological innovation enterprise business vitality index increased by 28.9% year-on-year in April, an increase of 6.9 percentage points from the previous month, indicating that the rapid development of start-ups and technological innovation enterprises is expected.

Highlights are frequent, and consumption enthusiasm is steadily increasing

In April, my country's consumer market continued the recovery and positive trend since the first quarter, and highlights in many fields frequently showed a steady positive trend.

As the policy of exchanging the old-for-new policy for consumer goods and the policy dividends are released at an accelerated pace, the data monitored by the National Information Center for online retail sales of major home appliances shows that the online retail sales of related home appliances in April increased by 13.2% year-on-year, and the trend of green and intelligent consumption is becoming more and more obvious.

The National Information Center offline consumption hottest index increased by 25.4% year-on-year in April, an increase of 4.6 percentage points from the previous month, and the growth rate continued to rise; online, the National Information Center life service consumption hottest index increased by 14.2% year-on-year in April, of which the leisure and entertainment industry, catering industry and accommodation industry increased by 42.4%, 10.3% and 2.3% year-on-year respectively, showing the hot trend of residents' consumption.

Since this year, the popularity of inbound travel shopping has reached a new high. A series of policy measures such as visa-free entry, convenient payment, and instant purchase and refund have been implemented one after another, setting off a "China purchase" craze for foreign tourists. Data from the National Information Center shows that in April, the average daily flight number of international flights increased by 22.4% year-on-year, an increase of 1.5 percentage points from the previous month. The number of incoming people at ports in Shanghai, Beijing, Shenzhen and other places has repeatedly hit new highs.

Wei Ying, deputy director of the Big Data Development Department of the National Information Center of the National Development and Reform Commission, introduced that in April, my country's various macro policies worked together, and high-frequency data in many fields such as consumption, investment, and industrial production remained positive. With the increasing impact of external shocks, it demonstrated the solid resilience and strong vitality of my country's economic development. With the intensive implementation of a series of stock and incremental policies in the second quarter, it is expected to further promote the sustained stable and rapid growth of my country's economy.

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