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Ministry of Industry and Information Technology: the preliminary judgment of economic operation has returned to the normal track.
Jul 23,2020 10:35CST
translation
Source:SMM
Xin Guobin, Vice Minister of Industry and Information Technology: comprehensive analysis of relevant indicators shows that the industrial economy has rebounded steadily since the second quarter, and the preliminary judgment of economic operation has returned to the normal track.
The content below was translated by Tencent automatically for reference.

SMM7 March 23: the Information Office of the State Council is scheduled to hold a press conference on the 23rd to invite Xin Guobin, Vice Minister of Industry and Information Technology, to introduce the development of the industrial communications industry in the first half of 2020.

At the meeting, Xin Guobin, vice minister of the Ministry of Industry and Information Technology, said that the indicators of industrial economic operation have bottomed out. Affected by the epidemic, the industrial added value of more than two months of scale dropped sharply by 13.5% compared with the same period last year, with a huge drop. In accordance with the overall arrangements and arrangements of the CPC Central Committee and the State Council, the Ministry of Industry and Information Technology took positive action and started the resumption of work and production of the whole industry chain in early February. In accordance with the principle of "leading the small by the big, the linkage between the upper and lower levels, and the coordination of domestic and foreign trade", efforts have been made to break through the breakpoints of the domestic industrial chain, and the order of industrial production has been gradually restored.

By March, the year-on-year decline in industrial production had narrowed to 1.1 per cent. With the continuous improvement of the epidemic prevention and control situation and the solid progress of resuming work and production, various policies and measures have taken effect since the second quarter, and the industrial economy has shown sustained restorative growth. In April, May and June, the industrial added value of more than three months increased by 3.9%, 4.4% and 4.8% respectively compared with the same period last year.

In particular, it needs to be emphasized that it depends not only on growth, but also on the rate of production and sales. We can tell you in detail. The production and sales rate has been relatively good in the past few months, all at around 98%. Market sales are obviously picking up, and corporate expectations are also improving.

The manufacturing purchasing managers' index (PMI) was 50.9% in June, the fourth month in a row above the rise and fall line. In fact, this is a very important indicator, which reflects that enterprises are confident about the expected state of the economy, and it is also a very important signal in the world. Comprehensive analysis of relevant indicators, the industrial economy has rebounded steadily since the second quarter, and the preliminary judgment of economic operation has returned to the normal track.

 

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