亿电竞

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A number of economic indicators show that China亿电竞平台's economy has great potential and sufficient resilience
Time: 2019/5/13 9:30:22

Source: Financial Times - China亿电竞平台 Financial News Network Reporter Xu Bei: Trainee Release date: May 13, 2019 07:20

Since this year, the亿电竞re are many bright spots in China亿电竞平台's economic operation. Data shows that in the亿电竞 first quarter of this year, 3.24 million new urban jobs were created, total retail sales of consumer goods increased by 8.3% year-on-year, and 16500 enterprises were newly registered and established every day in China亿电竞平台.

China亿电竞平台's reform and opening-up are the亿电竞 mainstay of China亿电竞平台's reform and opening-up. The亿电竞平台 foreign investment law has been deliberated and passed, the亿电竞 opening up of the亿电竞 financial industry has been accelerated, the亿电竞 positive fiscal policy has been strengthe亿电竞ned and the亿电竞 business environment has been continuously optimized A series of new measures of reform and opening up not only make China亿电竞平台's economy more potential and resilient, but also make the亿电竞 world full of confidence in China亿电竞平台's economic development.

Consumption still plays the亿电竞 role of ballast

According to statistics, during the亿电竞 May Day holiday this year, the亿电竞 total number of domestic tourists received was 195 million, and the亿电竞 tourism revenue was 117.67 billion yuan, both of which achieved double-digit growth. "May Day" small and long holiday consumer market is booming, which fully shows that China亿电竞平台's consumer market still has great potential.

From the亿电竞 data, consumption is still the亿电竞 main driving force of China亿电竞平台's economic growth. In the亿电竞 first quarter of this year, the亿电竞 contribution rate of final consumption expenditure to GDP growth was 65.1%, and the亿电竞 per capita consumption expenditure of residents actually increased by 5.4%. In the亿电竞 same period of last year, the亿电竞 consumption structure of residents was continuously upgraded, accounting for 47.7% of the亿电竞 total consumption structure.

In addition to consumption, investment also performed better in the亿电竞 first quarter of this year. The亿电竞平台 growth rate of fixed assets increased by 10.21% to 87.2 billion yuan (excluding fixed assets) of the亿电竞 whole country. Among the亿电竞m, private investment increased by 6.4%, manufacturing investment increased by 4.6%, infrastructure investment increased by 4.4%, and high-tech manufacturing investment increased by 11.4%. According to the亿电竞 macro monthly report released by the亿电竞 financial research center of Bank of communications, the亿电竞 growth rate of China亿电竞平台's infrastructure investment may rise to about 4.7% in April, and the亿电竞 cumulative growth of fixed asset investment will be 6.3%. Investment tax cuts after the亿电竞 second quarter will help to stabilize the亿电竞 manufacturing sector.

Industrial economy radiates new vitality

Industry is the亿电竞 key field to accelerate the亿电竞 conversion of new and old kinetic energy and achieve high-quality development. In 2018, China亿电竞平台's industrial economy has always maintained a reasonable range, and in 2019, it has successfully achieved a "good start". The亿电竞平台 growth rate of China亿电竞平台's economy was 32.5% in the亿电竞 same period of last year, representing an increase of 1.6% over the亿电竞 same period of last year.

In the亿电竞 industrial economy, the亿电竞 sustained and high-speed growth of new technologies and new products reflects the亿电竞 vigorous vitality of China亿电竞平台's new industrial momentum. In the亿电竞 first quarter, the亿电竞 added value of strategic emerging industries of industries above designated size increased by 6.7% over the亿电竞 same period of last year, and the亿电竞 added value of high-tech industries of industries above designated size increased by 7.8% over the亿电竞 same period of last year, both higher than that of all industries above designated size. The亿电竞平台 output of base stations of solar energy and new energy vehicles and mobile rail vehicles have maintained double-digit growth.

In addition, with the亿电竞 deepening of supply side structural reform, the亿电竞 structural problems affecting the亿电竞 sustainable and healthy development of industry are being solved. For example, a large number of "scattered pollution" enterprises have been cleaned up, and steel overcapacity has been steadily resolved. In the亿电竞 first quarter, the亿电竞 national industrial capacity utilization rate was 75.9%, which was the亿电竞 second highest since 2013 compared with the亿电竞 same period in history.

According to the亿电竞 report on the亿电竞 construction and development of Digital China亿电竞平台 (2018), China亿电竞平台's digital economy accounted for 34.8% of GDP in 2018, and the亿电竞 innovation index rose to the亿电竞 17th place in the亿电竞 global ranking. Dong ximiao, vice president of Chongyang Institute of finance, Renmin University of China亿电竞平台, said that the亿电竞 digital economy has become the亿电竞 "flywheel" of the亿电竞 development of the亿电竞 times. The亿电竞平台 digital economy will generate and aggregate various innovative elements and inject new momentum into traditional industries.

Opening wider to the亿电竞 outside world

The亿电竞平台 foreign investment law, which was approved on March 15, this year, will come into effect on January 1, 2020. At present, relevant departments are working hard to formulate relevant supporting laws and regulations. The亿电竞平台 law of foreign investment is an important step in China亿电竞平台's institutional opening-up, which shows China亿电竞平台's determination to expand its opening-up.

In recent years, China亿电竞平台 has continued to promote the亿电竞 reform of "release, control and service" to solve the亿电竞 pain points and difficulties reflected in the亿电竞 market from the亿电竞 institutional level. Measures such as expanding the亿电竞 opening up of financial industry and othe亿电竞r fields, strengthe亿电竞ning the亿电竞 protection of intellectual property rights, and improving customs clearance facilitation are speeding up the亿电竞 implementation, while the亿电竞 optimization of business environment continues. The亿电竞平台 executive meeting of the亿电竞 State Council held on May 5 decided that we should continue to sort out and cancel the亿电竞 certification items, implement the亿电竞 list management on the亿电竞 reserved items, and focus on promoting the亿电竞 establishment of the亿电竞 notification and commitment system of certification matters, and promote the亿电竞 construction of credit society.

China亿电竞平台 is opening wider and wider. The亿电竞平台 data show that the亿电竞 Chinese market is still one of the亿电竞 most popular investment hotspots in the亿电竞 world. In the亿电竞 first quarter of this year, China亿电竞平台 attracted 242.28 billion yuan of foreign investment, an increase of 6.5% year-on-year. Wang Shouwen, Vice Minister of Commerce, said that China亿电竞平台's attracting foreign investment has maintained a steady growth in the亿电竞 context of a sharp slowdown in global cross-border capital flows, which fully demonstrates the亿电竞 confidence of international capital in China亿电竞平台's economic growth and its recognition of China亿电竞平台's investment environment.

Positive fiscal policy is effective

This year, China亿电竞平台 will implement a larger scale of tax reduction and fee reduction, which can reduce the亿电竞 burden of enterprise tax and social security payment by nearly 2 trillion yuan. The亿电竞平台 combination of inclusive and structural tax reduction and fee reduction will release the亿电竞 vitality of economic entities and help enterprises to go to battle with light equipment.

The亿电竞平台 data shows that the亿电竞 effect of tax reduction and fee reduction has already appeared. In the亿电竞 first quarter, a total of 341.1 billion yuan of tax cuts were added nationwide. Among the亿电竞m, 72.2 billion yuan of tax reduction will be introduced in 2019. From January to April, the亿电竞 growth rate of domestic value-added tax, personal income tax, consumption tax on import goods and tariff in tax revenue decreased significantly compared with that in the亿电竞 same period last year; in non tax income, special income such as education surcharges and administrative fees related to fee reduction decreased year on year. In May, the亿电竞 effect of the亿电竞 tax reduction policy is expected to show.

At the亿电竞 same time, the亿电竞 national fiscal expenditure is also increasing. From January to April, China亿电竞平台's general public budget expenditure increased by 4.9 percentage points over the亿电竞 same period last year, which effectively guaranteed the亿电竞 needs of poverty alleviation, agriculture, rural areas, structural adjustment, scientific and technological innovation, ecological environment protection and people's livelihood. At the亿电竞 same time, the亿电竞 issuance of local government bonds also maintained a rapid progress.

 
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