A good start China's economy accelerated warming "shape" stability "trend" rise highlights "full confidence"


Yang Liu, president of the China Cuisine Association, said that while promoting consumption and innovating the scene, catering enterprises should also pay attention to food safety, clear pricing, anti-waste and other issues, take precautions, and jointly promote the sustainable recovery of the catering economy.

According to the research of the China Cuisine Association, this year's "May Day" holiday passenger flow increased by 211% compared with last year, and the business income of the surveyed enterprises in the first four days increased by 26% compared with the "May Day" in 2019.

Lively night markets, jubilant performances, sumptuous food, new experiences, new scenes, and new formats emerge in endlessly, and the new vitality of catering, cultural and tourism consumption is increasingly driving the strong growth of consumption in China.

Hong Yong, an associate researcher of the Research Institute of the Ministry of Commerce, believes that the "May Day" holiday is an important node of annual consumption.

The holiday burst of strong consumption enthusiasm, fully demonstrates the confidence of the current consumer market, but also conducive to the continued expansion of domestic demand throughout the year.

A good start China's economy accelerated warming "shape" stability "trend" rise highlights "full confidence"

Holiday spending is a window into economic vitality. The hot fireworks are back, and so is the economic recovery. The continuous expansion of consumption scenarios and the gradual expansion of domestic demand have significantly improved residents' consumption expectations, and led to the expansion of market sales and the recovery of service consumption.

Guo Liyan, director of the general situation research office at the Chinese Academy of Macroeconomic Research, said: "Since the epidemic prevention and control has turned smoothly, the contact service industry and aggregate consumption have rebounded sharply, providing basic support for the 'open door stability'."

Since the beginning of this year, steady growth, expanding domestic demand and strengthening confidence have become the key words for accelerating development across the country.

China's regional economic operation has accelerated the recovery, the momentum of strengthening has gradually become prominent, production demand has stabilized and picked up,

employment prices are generally stable, household income continues to increase, market expectations have improved significantly, and economic operation has started well.

Up to now, the "quarterly report" of 31 provinces, regions and municipalities in China has been published. Among them, 23 provinces outperformed the national average GDP growth rate of 4.5% in the first quarter, and many provinces' GDP growth has exceeded their annual economic growth targets set at the beginning of the year.

At the same time, the economic operation of enterprises is also showing a "good start" with bright performance in the stable recovery trend. The National Energy Group generated 288 billion KWH of electricity in the first quarter,

up 5.1% year on year; The total value of new contracts signed by China Railway rose 10.2 per cent year-on-year in the first quarter. Sinopec's total sales volume of refined oil products in the first quarter was 56.16 million tons, an increase of 10.1%.

"Judging from the operation of central enterprises in the first quarter, many central enterprises focused on expanding effective investment, accelerating the construction of major projects,

and playing a positive role in promoting economic recovery." Said Lisa Zhou, research director of the China Institute of Modern State-owned Enterprises at Tsinghua University.

"A good beginning benefits the end." Behind the data is the strong resilience of the Chinese economy in the face of a grim and complex international environment and arduous tasks of domestic reform,

development and stability. Chen Fengying, former director of the Institute of World Economy at the China Institutes of Contemporary International Relations,

stressed that China contributes positive energy to the world economy. "In the face of uncertainty and instability in the world economy, China has always been an anchor of stability and made important contributions to the world economy."

Under the general tone of adhering to the principle of seeking progress while maintaining stability, the Chinese economy has shown a momentum of recovery, fully demonstrating the huge potential of China's ultra-large market,

and more importantly, showing that the fundamentals of the Chinese economy will not change in the long run, and the Chinese economy is full of momentum and momentum.

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