On April 18, the Information Office of the State Council held a press conference on the operation of the national economy in the first quarter. Since the beginning of this year, the international situation has become more complex and severe, and the domestic epidemic has also shown the characteristics of many points, wide range and frequent occurrence, which has a greater impact on the economic operation. In the face of the complex situation, all regions and departments have thoroughly implemented the decisions and arrangements of the Party Central Committee and the State Council, adhered to the principle of stability and seeking progress while maintaining stability, made efforts to stabilize the macro-economic market, effectively responded to risks and challenges, continued the recovery of the national economy and made an overall stable start. It is mainly reflected in the following aspects:

First, the main macro indicators remain within a reasonable range. The economy continued to expand. In the first quarter, GDP increased by 4.8% year-on-year, 0.8 percentage points higher than that in the fourth quarter of last year.

Second, industrial and agricultural production is generally stable. In the first quarter, the added value of industries above designated size increased by 6.5% year-on-year, of which the equipment manufacturing industry increased by 8.1%. Among the major industries involved in the machinery industry, the general equipment manufacturing industry increased by 2.6%, the special equipment manufacturing industry increased by 8.2%, the automobile manufacturing industry increased by 4.0%, and the electrical machinery and equipment manufacturing industry increased by 12.4%.

From January to March, the national fixed asset investment (excluding farmers) was 10487.2 billion yuan, a year-on-year increase of 9.3%. Among them, the investment in the secondary industry was 3242.8 billion yuan, an increase of 16.1%; In the secondary industry, industrial investment increased by 16.3% year-on-year. Among them, the investment in manufacturing industry increased by 15.6%, of which the investment in equipment manufacturing industry increased by 27.3%.

Third, the trend of innovation and development continued. In the first quarter, the added value of high-tech manufacturing increased by 14.2% year-on-year, and the added value of information transmission, software and information technology services increased by 10.8%, all maintaining rapid growth.

Fourth, economic restructuring and optimization. The proportion of manufacturing industry continued to increase. In the first quarter, the added value of manufacturing industry increased by 6.1% year-on-year, accounting for 28.9% of GDP, an increase of 1.3 percentage points over the same period last year.

Fifth, the green transformation has been steadily promoted. Green and low-carbon products grew rapidly. In the first quarter, the energy consumption of 10000 yuan GDP decreased by 2.3% year-on-year.

Sixth, the improvement of people's livelihood continued to strengthen, and residents' income continued to grow. In the first quarter, the per capita disposable income of Chinese residents actually increased by 5.1% year-on-year. Residents' basic living consumption is guaranteed.

Since March, the world situation has undergone complex evolution, the impact of the domestic epidemic has continued, and some unexpected factors have exceeded expectations. The growth rate of some main indicators slowed down and the downward pressure on the economy increased. However, China's long-term economic fundamentals have not changed, the trend of sustained economic recovery has not changed, and the characteristics of great development potential, sufficient toughness and wide space have not changed. China is fully capable and qualified to overcome difficulties and challenges and achieve sustained and healthy economic development.

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