Affected by the epidemic situation, the added value of industries above Designated Size in the first two months decreased by 13.5% year-on-year, with a huge drop. By March, the year-on-year decline in industrial added value narrowed to 1.1%. In April, may and June, the added value of industries above designated size increased by 3.9%, 4.4% and 4.8% respectively. Comprehensive analysis of relevant indicators shows that since the second quarter, the industrial economy has recovered steadily, and the preliminary judgment of economic operation has returned to normal track. Mr Xin said.
In the first half of the year, the indicators of Chinas industrial economy dropped first and then rose, showing a V-shaped recovery trend, indicating that the resumption of work and production of the whole industrial chain is speeding up with proper prevention and control. At the same time, with the economic expansion, the situation of industrial production has improved. Liu Xiangdong, Vice Minister of Economic Research Department of China International Economic Exchange Center, said in an interview with Securities Daily.
What is the development trend of industrial economy in the second half of the year? Dong zhongyun, chief economist of AVIC securities, said in an interview with Securities Daily, at present, foreign demand and global industrial chain are still facing great uncertainty, which is an unfavorable factor for the stable operation of Chinas industry. However, Chinas excellent epidemic prevention and control capability and achievements, as well as the rapid introduction of tax reduction and fee reduction and interest rate reduction and other supporting policies, have enabled the domestic circulation to operate well, and domestic demand has played a leading role. In addition, Chinas industrial system is complete, with strong industrial supporting capacity, and a number of favorable factors provide a solid foundation for the rapid recovery of industrial production, and are expected to continue to promote In half a year, industrial production remained stable and improved.
This time, China has shown the world its excellent crisis response capability and the powerful power of a complete industrial system, or enhance its attraction to foreign-funded enterprises. Combined with Chinas huge and constantly upgrading consumer market, the future industrial chain is still expected to transfer to China, and it is expected that investing in China will still be the main theme of the world in the future. Dong zhongyun believes that at present, China has listed new infrastructure including 5g, artificial intelligence, industrial Internet, Internet of things, etc. as the key development direction of the country. In the future, the technological content of Chinas industrial system will continue to increase, and the added value of industry will continue to increase, which will become one of the important driving forces for Chinas future economic growth.
Source of this article: Yang Qian, editor in charge of Securities Daily_ NF4425