The five major endeavors are beginning to appear, and the domestic economy may turn from 'hot' to 'cool'

by:Yourijiu     2021-09-03
Han Yongwen, Secretary-General and Spokesperson of the National Development and Reform Commission, described my country’s current economic situation at a press conference on the economic operation of the industry and transportation in the first half of the year. There have been some new positive changes. 'MicrosoftInternetExplorer402DocumentNotSpecified7.8 poundsNormal0 National Development and Reform Commission Secretary-General and spokesperson Han Yongwen described my country’s current economic situation at a press conference on the economic operation of the first half of the year: Looking at the situation in the first half of the year The overall situation of the national economy and social development is good, and some new positive changes have appeared in the operation. Statistics have witnessed new positive changes in my country's economy in the first half of the year in terms of industrial structure adjustment, economic benefits, supporting conditions for coal and electricity transportation, export structure and domestic demand. The pace of upgrading of the industrial structure is accelerating, and some hot industries are moving in the direction of macro-control expectations. In the first half of the year, the growth rate of steel investment fell back to 6.7%, and investment in cement, electrolytic aluminum, coking, and ferroalloy all declined. The production of products with high added value and high technical content has been accelerated. For example, the steel plate-to-tube ratio, which represents the technical level of the steel industry, reached 39.3%, an increase of 1.6% year-on-year. The output value of new products in the machinery and electronics industries increased by 29.4% and 31.6% respectively, which was significantly faster than the same period last year. The level of economic efficiency has steadily improved, which is prominently reflected in the increase in industrial profits and the decline in the increase in losses of loss-making enterprises. In the first half of the year, the profits of industrial enterprises above designated size in my country increased by 28% year-on-year, and the growth rate increased by 8.9% year-on-year. The increase in the loss of loss-making enterprises fell by 31.2 percentage points. Supporting conditions for coal, electricity, and transportation have improved significantly. In the first half of the year, my country's electricity, coal production and railway freight volumes increased by 12%, 12.8% and 6.3% respectively. The tight supply of coal, electricity and transportation has been significantly eased. Under the situation of accelerating economic growth, coal supply is relatively loose, and coal storage in direct power plants remains at a normal level of more than 15 days; the situation of power supply and demand is basically stable, and the number of power cuts and losses have been reduced by more than 90% compared with the same period last year. The export structure has improved. In the first half of the year, exports of mechanical and electrical products increased by 30.5%, accounting for 56.9% of total exports, and their proportion increased by 2.3 percentage points year-on-year; exports of high-tech products increased by 32%. Exports of products with high energy consumption, high pollution and resources continued to decline, among which the export volume of steel billets fell by 35.6%. The supporting role of domestic demand has increased. In the first half of the year, my country's total retail sales of consumer goods increased by 12.4% in real terms, and the growth rate accelerated by 0.4% year-on-year. The leading role of consumption hotspots has increased, and the growth of new decoration materials has exceeded 30%. Both the production and sales of automobiles exceeded 3.5 million. Among them, the production of cars increased by 53.2%, an acceleration of 48%, and the sales volume also increased by 46.9%. The current economic fundamentals are good, but it must be noted that some prominent contradictions and problems in economic operations have not been effectively resolved, especially the rapid growth of investment, and the increase in new projects; excessive money and credit, and capital flows. Sexual surplus; the imbalance of international payments is still a big contradiction; the situation of high energy consumption is still more prominent. At the same time, it has become more difficult for farmers to increase their incomes, the employment situation remains severe, and there are still many contradictions and problems in social development. Han Yongwen pointed out that in the second half of the year, my country’s national economic and social development tasks are very heavy. We must adhere to the scientific development concept to coordinate the overall situation. While conscientiously implementing the guidelines and policies of the central government, we must pay more attention to adjusting the economic structure and changing the growth mode. We must pay attention to social development and people’s livelihood issues, to save resources and protect the environment, and to implement various policies. Only by doing a good job in all aspects can we ensure the realization of the goals and tasks of the year and a good start for the Eleventh Five-Year Plan. .
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