National Bureau of Statistics: the operation of the national economy remained within a reasonable range in July-Shanghai Metals Market

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National Bureau of Statistics: the operation of the national economy remained within a reasonable range in July

Translation 10:15:31AM Aug 14, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

SMM News: in July, in the face of the complex situation of an obvious increase in risk challenges at home and abroad, all localities and departments, under the guidance of Xi Jinping's thought of socialism with Chinese characteristics in the new era, conscientiously implement the decision-making arrangements of the CPC Central Committee and the State Council, adhere to the general tone of steady progress, adhere to the new concept of development, persist in taking supply-side structural reform as the main line, persist in promoting high-quality development, and the national economy continues to operate in a reasonable range. We will maintain an overall steady and steady development trend.

I. the service industry is growing rapidly, and the modern service industry is developing well.

In July, the national index of service industry production rose 6.3 percent from a year earlier, 0.8 percentage points lower than the previous month. From January to July, the national service industry production index increased by 7.1 percent, down 0.2 percentage points from January to June. In July, the production index of information transmission, software and information technology services, leasing and business services increased by 17.2 percent and 7.3 percent, respectively, faster than the national service industry production index of 10.9 and 1.0 percentage points, respectively. The business activity index for the service industry was 52.9 percent, down 0.5 percentage points from the previous month, and continued to be above the prosperity line. The business activity index for railway transport, air transport, postal services, telecommunications, radio and television satellite transmission services, culture, sports and entertainment, and other industries were all in the higher economic range of more than 56.0 percent. The expected index of business activities in services is 59.1%, which is at a high level.

Second, industrial production is stable, and the high-tech manufacturing industry is growing rapidly.

In July, the added value of industries above the national scale increased by 4.8 percent over the same period last year, down 1.5 percentage points from the previous month. From January to July, the added value of industries above scale increased by 5.8 percent, 0.2 percentage points lower than that from January to June. In terms of economic types, in July, the added value of state-owned holding enterprises increased by 3.7%, joint-stock enterprises increased by 6.1%, and foreign and Hong Kong, Macao and Taiwan investment enterprises decreased by 0.2%. In three categories, the added value of the mining industry increased by 6.6%, the manufacturing sector increased by 4.5%, and the electricity, heat, gas and water production and supply sectors increased by 6.9%. The added value of the high-tech manufacturing industry increased by 6.6 percent, 1.8 percentage points faster than that of industries above scale, and the output of microcomputer equipment and solar cells increased by 14.5 percent and 34.3 percent, respectively. In July, the manufacturing purchasing managers index (PMI) sub-index, the production index and supplier delivery time index were 52.1% and 50.1% respectively, both above the critical point.

Third, market sales continue to expand, and online retail is growing rapidly.

In July, retail sales of consumer goods totaled 3.3073 trillion yuan, an increase of 7.6 percent over the same period last year, down 2.2 percentage points from the previous month. Of this total, retail sales of consumer goods excluding cars increased by 8.8%, roughly the same as the previous month. From January to July, retail sales of consumer goods totaled 22.8283 trillion yuan, an increase of 8.3 percent, down 0.1 percentage points from January to June. In July, retail sales of consumer goods in cities and towns totaled 2.8354 trillion yuan, up 7.4 percent, while retail sales of consumer goods in rural areas totaled 471.9 billion yuan, up 8.6 percent. According to the type of consumption, catering income was 365.8 billion yuan, up 9.4 percent, and retail sales was 2.9415 trillion yuan, an increase of 7.4 percent. The retail sales of cosmetics, beverages, Chinese and western medicine, daily necessities and cultural office supplies increased by 9.4%, 9.7%, 11.6%, 13.0% and 14.5% respectively, faster than the total retail sales of consumer goods by 1.8%, 2.1%, 4.0%, 5.4% and 6.9%, respectively.

From January to July, the country's online retail sales totaled 5.5972 trillion yuan, an increase of 16.8 percent over the same period last year, and the growth rate was 1.0 percentage points lower than that from January to June. Of this total, online retail sales of physical goods totaled 4.4233 trillion yuan, an increase of 20.9 percent, accounting for 19.4 percent of the total retail sales of consumer goods, an increase of 2.1 percentage points over the same period last year.

Fourth, investment has grown steadily, and investment in manufacturing and high-tech industries has increased well.

From January to July, national fixed asset investment (excluding farmers) was 34.8892 trillion yuan, an increase of 5.7 percent over the same period last year, down 0.1 percentage points from January to June. Of this total, private investment was 21.0267 trillion yuan, an increase of 5.4 per cent. In terms of industry, investment in the primary industry fell by 1.2%; investment in the secondary industry increased by 3.4%, of which investment in the manufacturing industry increased by 3.3%, 0.3 percentage points faster than from January to June, and slightly accelerated for three consecutive months. Investment in the tertiary industry increased by 7.0%, of which infrastructure investment increased by 3.8%. Investment in high-tech industries grew rapidly. Investment in high-tech manufacturing and high-tech services increased by 11.1% and 11.9% respectively over the same period last year, faster than all investment by 5.4% and 6.2%, respectively. From January to July, investment in real estate development nationwide totaled 7.2843 trillion yuan, an increase of 10.6 percent over the same period last year, and the growth rate was 0.3 percentage points lower than that from January to June. The national sales area of commercial housing was 887.83 million square meters, down 1.3 percent from the same period last year, and the national commercial housing sales volume was 8.3162 trillion yuan, an increase of 6.2 percent.

V. the overall employment situation is stable, and the unemployment rate of the survey has risen slightly.

From January to July, 8.67 million new jobs were created in cities and towns across the country, 79 per cent of the total number of jobs planned for the whole year. In July, the unemployment rate in the national urban survey was 5.3 percent, up 0.2 percentage points from the previous month. Of these, the unemployment rate for the 25-to 59-year-old population survey was 4.6%, the same as last month. The unemployment rate surveyed in 31 major cities and towns was 5.2%. The average weekly working hours of employees in enterprises nationwide was 46.5 hours, an increase of 0.5 hours over the same period last year.

VI. Consumer prices rose moderately, while industrial producer prices fell slightly

In July, consumer prices rose 2.8% from a year earlier, 0.1 percentage points higher than the previous month and 0.4% higher than the previous month. In July, food, tobacco and alcohol prices rose 6.7 percent from a year earlier, clothing rose 1.8 percent, housing rose 1.5 percent, household goods and services rose 0.8 percent, transportation and communications fell 2.1 percent, education, culture and entertainment rose 2.3 percent, health care rose 2.6 percent, and other goods and services rose 3.4 percent. Core CPI, excluding food and energy prices, rose 1.6 per cent, the same increase as last month. From January to July, consumer prices rose 2.3 percent year on year.

In July, factory prices for industrial producers fell 0.3 percent from a year earlier and 0.2 percent from a month earlier. The purchase prices of industrial producers nationwide fell 0.6 percent from the same period last year and 0.2 percent from the previous month. From January to July, the ex-factory prices of industrial producers rose 0.2 percent year on year, and the purchase prices of industrial producers nationwide were flat compared with the same period last year.

7. The growth rate of exports has accelerated, and the trade structure has been continuously optimized.

In July, imports and exports totaled 2.7382 trillion yuan, an increase of 5.7 percent over the same period last year, an increase of 2.6 percentage points over the previous month. Of this total, exports totaled 1.5242 trillion yuan, an increase of 14.3 percent over the previous month, an increase of 4.3 percentage points over the previous month, while imports totaled 1.214 trillion yuan, an increase of 0.4 percent, compared with a drop of 0.4 percent last month. Imports and exports offset each other, with a trade surplus of 310.3 billion yuan. From January to July, the total volume of imports and exports was 17.4083 trillion yuan, an increase of 4.2 per cent. Of this total, exports totaled 9.4758 trillion yuan, up 6.7 percent, and imports totaled 7.9325 trillion yuan, up 1.3 percent. The structure of trade patterns has been further optimized. From January to July, general trade imports and exports increased by 5.7 percent, accounting for 58.8 percent of the total import and export volume, an increase of 0.8 percentage points over the same period last year. Imports and exports of private enterprises increased by 11.8 percent, accounting for 42 percent of the total, an increase of 2.9 percentage points over the same period last year. From January to July, industrial enterprises above scale achieved an export delivery value of 6.8866 trillion yuan, an increase of 4.1 per cent over the same period last year.

VIII. Supply-side structural reform has been carried out in a down-to-earth manner, and the asset-liability ratio of industrial enterprises has declined

At the end of June, the asset-liability ratio of industrial enterprises above scale was 57.0%, down 0.3 percentage points from the same period last year. Inventory of commercial housing decreased. At the end of July, the area of commercial housing for sale nationwide was 498.76 million square meters, down 8.4 percent from the same period last year, and 2.86 million square meters less than at the end of June. The unit cost of enterprises is lower than at the beginning of the year. Investment in the short board sector increased. In January and July, investment in ecological protection, environmental governance and education increased by 41.0% and 18.5% respectively over the same period last year, faster than the total investment of 35.3% and 12.8%, respectively.

From January to June, the operating income of enterprises in the service industry above size increased by 8.8 percent over the same period last year, of which strategic emerging services, high-tech services and science and technology services increased by 12.1 percent, 11.9 percent and 11.4 percent, respectively, faster than 2.3, 2.1 and 1.6 percentage points, respectively. Operating profits of enterprises in services above size were basically the same as those in the same period last year. From January to June, the operating income of industrial enterprises above the national scale increased by 4.7% over the same period last year, and the total profits decreased by 2.4% compared with the same period last year. From January to June, the profit margin of operating income of industrial enterprises above size was 5.86 percent, 0.14 percentage points higher than that from January to May.

Generally speaking, the national economy continued to operate within a reasonable range in July, continuing the overall steady development trend. However, it should also be noted that the current external environment is severe and complex, the downward pressure on the domestic economy is increasing, and the foundation for sustained and healthy economic development needs to be consolidated. In the next stage, we should adhere to the general tone of the work of seeking progress in the process of stability, adhere to the supply-side structural reform as the main line, adhere to the new concept of development and promote high-quality development, and persist in promoting reform and opening up. We should adhere to the overall thinking that macro policies should be stable, micro policies should be alive, and social policies should be based on a bottom line. We should co-ordinate the overall situation at home and abroad, and do a good job in stabilizing growth, promoting reform, readjusting structure, benefiting people's livelihood, preventing risks, and maintaining stability. We should enhance our awareness of suffering, grasp the long-term general situation, grasp the principal contradictions, be good at turning crises into opportunities, do our own things well, and promote sustained and healthy economic development.

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Key Words:  Economy  reform  industry 

National Bureau of Statistics: the operation of the national economy remained within a reasonable range in July

Translation 10:15:31AM Aug 14, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

SMM News: in July, in the face of the complex situation of an obvious increase in risk challenges at home and abroad, all localities and departments, under the guidance of Xi Jinping's thought of socialism with Chinese characteristics in the new era, conscientiously implement the decision-making arrangements of the CPC Central Committee and the State Council, adhere to the general tone of steady progress, adhere to the new concept of development, persist in taking supply-side structural reform as the main line, persist in promoting high-quality development, and the national economy continues to operate in a reasonable range. We will maintain an overall steady and steady development trend.

I. the service industry is growing rapidly, and the modern service industry is developing well.

In July, the national index of service industry production rose 6.3 percent from a year earlier, 0.8 percentage points lower than the previous month. From January to July, the national service industry production index increased by 7.1 percent, down 0.2 percentage points from January to June. In July, the production index of information transmission, software and information technology services, leasing and business services increased by 17.2 percent and 7.3 percent, respectively, faster than the national service industry production index of 10.9 and 1.0 percentage points, respectively. The business activity index for the service industry was 52.9 percent, down 0.5 percentage points from the previous month, and continued to be above the prosperity line. The business activity index for railway transport, air transport, postal services, telecommunications, radio and television satellite transmission services, culture, sports and entertainment, and other industries were all in the higher economic range of more than 56.0 percent. The expected index of business activities in services is 59.1%, which is at a high level.

Second, industrial production is stable, and the high-tech manufacturing industry is growing rapidly.

In July, the added value of industries above the national scale increased by 4.8 percent over the same period last year, down 1.5 percentage points from the previous month. From January to July, the added value of industries above scale increased by 5.8 percent, 0.2 percentage points lower than that from January to June. In terms of economic types, in July, the added value of state-owned holding enterprises increased by 3.7%, joint-stock enterprises increased by 6.1%, and foreign and Hong Kong, Macao and Taiwan investment enterprises decreased by 0.2%. In three categories, the added value of the mining industry increased by 6.6%, the manufacturing sector increased by 4.5%, and the electricity, heat, gas and water production and supply sectors increased by 6.9%. The added value of the high-tech manufacturing industry increased by 6.6 percent, 1.8 percentage points faster than that of industries above scale, and the output of microcomputer equipment and solar cells increased by 14.5 percent and 34.3 percent, respectively. In July, the manufacturing purchasing managers index (PMI) sub-index, the production index and supplier delivery time index were 52.1% and 50.1% respectively, both above the critical point.

Third, market sales continue to expand, and online retail is growing rapidly.

In July, retail sales of consumer goods totaled 3.3073 trillion yuan, an increase of 7.6 percent over the same period last year, down 2.2 percentage points from the previous month. Of this total, retail sales of consumer goods excluding cars increased by 8.8%, roughly the same as the previous month. From January to July, retail sales of consumer goods totaled 22.8283 trillion yuan, an increase of 8.3 percent, down 0.1 percentage points from January to June. In July, retail sales of consumer goods in cities and towns totaled 2.8354 trillion yuan, up 7.4 percent, while retail sales of consumer goods in rural areas totaled 471.9 billion yuan, up 8.6 percent. According to the type of consumption, catering income was 365.8 billion yuan, up 9.4 percent, and retail sales was 2.9415 trillion yuan, an increase of 7.4 percent. The retail sales of cosmetics, beverages, Chinese and western medicine, daily necessities and cultural office supplies increased by 9.4%, 9.7%, 11.6%, 13.0% and 14.5% respectively, faster than the total retail sales of consumer goods by 1.8%, 2.1%, 4.0%, 5.4% and 6.9%, respectively.

From January to July, the country's online retail sales totaled 5.5972 trillion yuan, an increase of 16.8 percent over the same period last year, and the growth rate was 1.0 percentage points lower than that from January to June. Of this total, online retail sales of physical goods totaled 4.4233 trillion yuan, an increase of 20.9 percent, accounting for 19.4 percent of the total retail sales of consumer goods, an increase of 2.1 percentage points over the same period last year.

Fourth, investment has grown steadily, and investment in manufacturing and high-tech industries has increased well.

From January to July, national fixed asset investment (excluding farmers) was 34.8892 trillion yuan, an increase of 5.7 percent over the same period last year, down 0.1 percentage points from January to June. Of this total, private investment was 21.0267 trillion yuan, an increase of 5.4 per cent. In terms of industry, investment in the primary industry fell by 1.2%; investment in the secondary industry increased by 3.4%, of which investment in the manufacturing industry increased by 3.3%, 0.3 percentage points faster than from January to June, and slightly accelerated for three consecutive months. Investment in the tertiary industry increased by 7.0%, of which infrastructure investment increased by 3.8%. Investment in high-tech industries grew rapidly. Investment in high-tech manufacturing and high-tech services increased by 11.1% and 11.9% respectively over the same period last year, faster than all investment by 5.4% and 6.2%, respectively. From January to July, investment in real estate development nationwide totaled 7.2843 trillion yuan, an increase of 10.6 percent over the same period last year, and the growth rate was 0.3 percentage points lower than that from January to June. The national sales area of commercial housing was 887.83 million square meters, down 1.3 percent from the same period last year, and the national commercial housing sales volume was 8.3162 trillion yuan, an increase of 6.2 percent.

V. the overall employment situation is stable, and the unemployment rate of the survey has risen slightly.

From January to July, 8.67 million new jobs were created in cities and towns across the country, 79 per cent of the total number of jobs planned for the whole year. In July, the unemployment rate in the national urban survey was 5.3 percent, up 0.2 percentage points from the previous month. Of these, the unemployment rate for the 25-to 59-year-old population survey was 4.6%, the same as last month. The unemployment rate surveyed in 31 major cities and towns was 5.2%. The average weekly working hours of employees in enterprises nationwide was 46.5 hours, an increase of 0.5 hours over the same period last year.

VI. Consumer prices rose moderately, while industrial producer prices fell slightly

In July, consumer prices rose 2.8% from a year earlier, 0.1 percentage points higher than the previous month and 0.4% higher than the previous month. In July, food, tobacco and alcohol prices rose 6.7 percent from a year earlier, clothing rose 1.8 percent, housing rose 1.5 percent, household goods and services rose 0.8 percent, transportation and communications fell 2.1 percent, education, culture and entertainment rose 2.3 percent, health care rose 2.6 percent, and other goods and services rose 3.4 percent. Core CPI, excluding food and energy prices, rose 1.6 per cent, the same increase as last month. From January to July, consumer prices rose 2.3 percent year on year.

In July, factory prices for industrial producers fell 0.3 percent from a year earlier and 0.2 percent from a month earlier. The purchase prices of industrial producers nationwide fell 0.6 percent from the same period last year and 0.2 percent from the previous month. From January to July, the ex-factory prices of industrial producers rose 0.2 percent year on year, and the purchase prices of industrial producers nationwide were flat compared with the same period last year.

7. The growth rate of exports has accelerated, and the trade structure has been continuously optimized.

In July, imports and exports totaled 2.7382 trillion yuan, an increase of 5.7 percent over the same period last year, an increase of 2.6 percentage points over the previous month. Of this total, exports totaled 1.5242 trillion yuan, an increase of 14.3 percent over the previous month, an increase of 4.3 percentage points over the previous month, while imports totaled 1.214 trillion yuan, an increase of 0.4 percent, compared with a drop of 0.4 percent last month. Imports and exports offset each other, with a trade surplus of 310.3 billion yuan. From January to July, the total volume of imports and exports was 17.4083 trillion yuan, an increase of 4.2 per cent. Of this total, exports totaled 9.4758 trillion yuan, up 6.7 percent, and imports totaled 7.9325 trillion yuan, up 1.3 percent. The structure of trade patterns has been further optimized. From January to July, general trade imports and exports increased by 5.7 percent, accounting for 58.8 percent of the total import and export volume, an increase of 0.8 percentage points over the same period last year. Imports and exports of private enterprises increased by 11.8 percent, accounting for 42 percent of the total, an increase of 2.9 percentage points over the same period last year. From January to July, industrial enterprises above scale achieved an export delivery value of 6.8866 trillion yuan, an increase of 4.1 per cent over the same period last year.

VIII. Supply-side structural reform has been carried out in a down-to-earth manner, and the asset-liability ratio of industrial enterprises has declined

At the end of June, the asset-liability ratio of industrial enterprises above scale was 57.0%, down 0.3 percentage points from the same period last year. Inventory of commercial housing decreased. At the end of July, the area of commercial housing for sale nationwide was 498.76 million square meters, down 8.4 percent from the same period last year, and 2.86 million square meters less than at the end of June. The unit cost of enterprises is lower than at the beginning of the year. Investment in the short board sector increased. In January and July, investment in ecological protection, environmental governance and education increased by 41.0% and 18.5% respectively over the same period last year, faster than the total investment of 35.3% and 12.8%, respectively.

From January to June, the operating income of enterprises in the service industry above size increased by 8.8 percent over the same period last year, of which strategic emerging services, high-tech services and science and technology services increased by 12.1 percent, 11.9 percent and 11.4 percent, respectively, faster than 2.3, 2.1 and 1.6 percentage points, respectively. Operating profits of enterprises in services above size were basically the same as those in the same period last year. From January to June, the operating income of industrial enterprises above the national scale increased by 4.7% over the same period last year, and the total profits decreased by 2.4% compared with the same period last year. From January to June, the profit margin of operating income of industrial enterprises above size was 5.86 percent, 0.14 percentage points higher than that from January to May.

Generally speaking, the national economy continued to operate within a reasonable range in July, continuing the overall steady development trend. However, it should also be noted that the current external environment is severe and complex, the downward pressure on the domestic economy is increasing, and the foundation for sustained and healthy economic development needs to be consolidated. In the next stage, we should adhere to the general tone of the work of seeking progress in the process of stability, adhere to the supply-side structural reform as the main line, adhere to the new concept of development and promote high-quality development, and persist in promoting reform and opening up. We should adhere to the overall thinking that macro policies should be stable, micro policies should be alive, and social policies should be based on a bottom line. We should co-ordinate the overall situation at home and abroad, and do a good job in stabilizing growth, promoting reform, readjusting structure, benefiting people's livelihood, preventing risks, and maintaining stability. We should enhance our awareness of suffering, grasp the long-term general situation, grasp the principal contradictions, be good at turning crises into opportunities, do our own things well, and promote sustained and healthy economic development.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  Economy  reform  industry