On May 15th, at the press conference held by the State Council Press Office, the National Bureau of Statistics released the main index data of national economic operation in April. The data shows that in April, the production sector grew steadily, the market demand continued to expand, the employment situation continued to improve, consumer prices rose moderately, the supply-side structural reform was further promoted, the old and new kinetic energy was accelerated, and the quality and efficiency of economic operation were further improved.

　　Xing Zhihong, spokesperson of the National Bureau of Statistics and director of the National Economic Statistics Department, said that although some indicators declined in April, there were many positive changes in the relationship between supply and demand, quality and efficiency, and market expectations in economic operation. "Stability" was the main tone, "progress" was the key word, "good" was the general trend, and the national economy was expected to continue to maintain a stable and positive trend.

　　The main tone of "stability" has not changed.

　　The data shows that the growth rate of some economic indicators declined in April.

　　"This is mainly due to this year ‘ May Day ’ The small holiday is ahead of schedule and the working day is reduced by one day. " Xing Zhihong said that if we compare the growth of economic indicators in April with January-February and last year, we can find that the performance of relevant indicators is not weak. Taking industry as an example, in April, the year-on-year growth rate of industrial added value above designated size was 0.2 percentage points faster than that in January and February, and 0.5 percentage points higher than that in the same period last year. Among the monthly growth rates since 2015, the growth rate of 6.5% is also at a high level.

　　"The decline in the growth rate in the month has not affected the steady development trend of the cumulative growth rate." Xing Zhihong said that the cumulative industrial growth rate from January to April was 6.7%, which was basically the same as the 6.8% in the first quarter; The cumulative growth rate of retail sales of social consumer goods was 10.2%, 0.2 percentage points faster than that in the first quarter. It can be seen that the slight decline of some economic indicators in April is not a trend change, but a small fluctuation within a reasonable range and an expected range.

　　Xing Zhihong said that from the four important indicators of economic growth, price level, employment status and balance of payments, China’s economy continued to operate steadily in a reasonable range, and the main tone of stability remained unchanged, achieving stable economic growth, stable employment, overall stable prices and relatively stable balance of payments.

　　The strength of "entering" is increasing.

　　Xing Zhihong said that in April, China’s economic operation was intensified, structural adjustment continued to advance, and the momentum of transformation and upgrading was good. The "three to one, one reduction and one supplement" was solidly promoted, and the policy effect was further revealed.

　　— — In terms of capacity reduction, steel production increased by 1.7% year-on-year in the first four months, and the growth rate dropped by 0.4 percentage points compared with the first quarter. Cement and raw coal production increased by 0.7% and 2.5% respectively. At present, the steel production capacity is 31.7 million tons, and the coal production capacity is 68.97 million tons, achieving 63.4% and 46% of the target tasks for this year respectively. In terms of destocking, the area of commercial housing for sale nationwide decreased by 7.2% at the end of April, which was 0.8 percentage points higher than that at the end of March. In terms of deleveraging, the asset-liability ratio of industrial enterprises above designated size was 56.2% in March, down 0.7 percentage points year-on-year.

　　— — In terms of cost reduction, from January to March, the cost per 100 yuan of main business income of industrial enterprises above designated size was 85.25 yuan, down 0.15 yuan year-on-year.

　　— — To make up for the shortcomings, the investment in ecological protection and environmental management increased by 50.4% in the first four months, the investment in public facilities management increased by 28.4%, and the investment in water conservancy management, transportation and warehousing and postal services increased by 16.1% and 16.7% respectively.

　　"Since the beginning of this year, the leading role of innovation has improved, new kinetic energy has continued to grow and develop, and entrepreneurial innovation has a good momentum." Xing Zhihong said that in April, there were 556,000 newly registered enterprises nationwide, a year-on-year increase of 9.2%, with an average of 18,500 newly registered enterprises every day. New formats and new models have grown rapidly, and the proportion of online goods in the retail sales of social consumer goods has reached 12.9%, up 1.8 percentage points year-on-year. Driven by the rapid development of e-commerce, the volume of express delivery business is also growing rapidly, and it is expected to increase by 31.1% from January to April.

　　"Good" conditions are increasing.

　　Xing Zhihong said that since the beginning of this year, the positive factors in China’s economic operation have been accumulating, and the steady and positive development trend is sustainable.

　　From the perspective of supply and demand, although the year-on-year increase of PPI has declined in the past two months, the improvement of supply and demand in most industries continues and the market demand continues to expand. In April, the prices of 34 of the 40 industrial sectors were higher than the same period of last year, and the increase was further expanded; Among the 596 industrial products, the output of 419 products was higher than that of the same period of last year, with an increase of 70.3%; What is even more commendable is that the production and sales rate reached 97.6%, up 0.1 percentage points year-on-year, indicating that the relationship between supply and demand in the market continued to show an improvement trend.

　　"This improvement in the relationship between supply and demand is achieved in the context of structural reform on the supply side and the transformation of old and new kinetic energy. It appears on the premise that both supply and demand structures are optimized, and new supply is born through new demand, and new supply creates new demand, not just the result of cyclical factors." Xing Zhihong said.

　　"The upward momentum of the economy and the downward pressure of the economy coexist, and some long-term accumulated structural contradictions still exist." Xing Zhihong said that at present, China is in a critical period of speed shifting, structural optimization and kinetic energy conversion, and it still needs to pay close attention to new situations and new problems in economic operation. (Economic Daily China Economic Net reporter Lin Huocan)