The State Council Information Office held a press conference to release economic data. In the first quarter, the value added of China’s transport, warehousing, and postal services sector increased by 4.3%.
On April 16, the State Council Information Office held a press conference to release economic data. Preliminary calculations show that the GDP for the first quarter was 33,419.3 billion yuan, an increase of 5.0% year-on-year at constant prices, accelerating by 0.5 percentage points compared to the fourth quarter of last year. By industry, the added value of the primary industry was 1,194.1 billion yuan, an increase of 3.8%; the added value of the secondary industry was 11,613.5 billion yuan, an increase of 4.9%; and the added value of the tertiary industry was 20,611.7 billion yuan, an increase of 5.2%. Quarter-on-quarter, the GDP for the first quarter grew by 1.3%.
Deputy Director of the National Bureau of Statistics Mao Shengyong introduced that in the first quarter, the added value of the service industry increased by 5.2% year-on-year. Among them, the added value of leasing and business services, information transmission, software and information technology services, financial services, transportation, warehousing and postal services, and accommodation and catering services increased by 12.2%, 10.6%, 6.5%, 4.3%, and 4.3%, respectively. In March, the national service industry production index increased by 5.0% year-on-year. Among them, the production indices for information transmission, software and information technology services, leasing and business services, and financial services increased by 11.8%, 10.1%, and 6.7%, respectively. From January to February, the operating income of service enterprises above a designated size increased by 7.4% year-on-year. In March, the service industry business activity index was 50.2%, up 0.5 percentage points from the previous month; the service industry business activity expectation index was 54.8%. Among them, the business activity indices for industries such as railway transportation, telecommunications, broadcasting and satellite transmission services, monetary financial services, and insurance were above 55.0%, indicating a relatively high level of prosperity.
All-media reporter Shi Mengyuan
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