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The macroeconomic situation has generally maintained a stable operating situation

May. 22, 2019

Meng Hao first introduced the five aspects of China's economic operation in April, the full implementation of the market access negative list system, the implementation of the rural revitalization strategy, the new urbanization construction and the construction of the social credit system.


Meng Hao introduced that in April, the national power generation growth rate further increased. In April, the country's cumulative monthly power generation was 540.1 billion kWh, and the average daily power generation was 18 billion kWh, a year-on-year increase of 6.5%. The growth rate was 1 percentage point higher than the first quarter. In terms of regions, the growth rate of electricity generated by the southwest, south, and northeast regions is higher than the national average. Traffic logistics continues to maintain a good momentum. The railway freight volume remained stable, and the year-on-year growth rate accelerated significantly compared with the first quarter. In April, China's logistics industry sentiment index was 53.5%, up 0.9 percentage points from the previous month, and logistics activities were more active. Natural gas consumption continues to be strong. In April, when the central heating system was stopped, the demand for industrial and commercial gas increased rapidly. From January to April, the apparent consumption of natural gas exceeded 97 billion cubic meters, a year-on-year growth rate of more than 10%. The overall balance of coal supply and demand. As of May 8, the national key power plants saved 77.56 million tons of coal, an increase of 21.6% year-on-year, 23 days available; Qinhuangdao port saved 6.49 million tons of coal, an increase of 28% year-on-year, which effectively guaranteed stable and healthy economic and social development.


In April, the National Development and Reform Commission approved a total of 9 fixed-asset investment projects with a total investment of 16.8 billion yuan, mainly in the fields of water conservancy and information technology. In April, China’s overall price level continued to be basically stable. In terms of CPI, the month-on-month increase was 0.1% in April, an increase of 0.5 percentage points from the previous month; the year-on-year increase was 2.5%, which was 0.2 percentage points higher than the previous month; and the cumulative increase was 2.0% from January to April. The CPI rose slightly this month, mainly due to the increase in eggs, fresh fruits, pork and tourism prices, but the price of fresh vegetables fell by 4.5%, and the prices of mutton, beef and milk also fell slightly, basically hampering the aforementioned goods and services. The impact of rising prices. In addition, the price of industrial consumer goods was flat.


In terms of PPI, the month-on-month increase was 0.3% in April, an increase of 0.2 percentage points from the previous month; the year-on-year increase was 0.9%, an increase of 0.5 percentage points from the previous month; and the cumulative increase from January to April was 0.3%. This month's PPI rose month-on-month, mainly due to the rise in international oil prices over time, driving China's oil exploration and downstream petrochemical industry prices to rise to varying degrees. In addition, the ex-factory prices of industries such as black and non-ferrous metal processing industries have also risen to varying degrees.


Meng Hao said that overall, the CPI and PPI growth in April is in a moderate range, and it is expected that China's prices will continue to maintain a stable overall operation in the future.

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