According to the Global New Financial News of China Central Radio and Television Economic Voice, data released by the National Bureau of Statistics shows that in April, the added value of industries above designated size nationwide increased by 5.6% year-on-year, 1.7 percentage points faster than the previous month, and continued to maintain stable growth. Among the 41 major industries, 25 have maintained growth in added value, with a growth rate of over 60%. Among the 620 major industrial products counted, 358 achieved growth in production, with a growth rate of 57.7%.

Fu Linghui, spokesperson for the National Bureau of Statistics, said that based on the industrial production situation in April, the overall recovery trend of industrial production has remained stable. However, it should also be noted that industrial production is still facing many difficulties and pressures. On the one hand, the external situation is complex and severe, and the global economic recovery is slowing down. The impact of external demand contraction on industrial production will gradually become apparent. On the other hand, industrial enterprises are also facing some operational difficulties such as a decrease in factory prices of industrial products and an increase in costs. Faced with these difficulties and challenges, various regions and departments need to deeply implement policies and measures to stabilize growth, employment, and prices, and actively promote the stable development of industrial production

From a month on month perspective, the added value of industries above designated size nationwide decreased by 0.47% in April. What is the reason for this? Lian Ping, Chairman of the China Chief Economist Forum, said: The main reason is that the demand situation is not very strong. Another more important factor is that industrial production has seasonal performance, and April is usually a off-season because March is the end of the season. At this point, industrial production usually has indicators, and the requirements for indicators are relatively not so strong at the beginning of the April season. Therefore, the operating situation in April is relatively a off-season from the perspective of industrial production itself, so its increase It is normal for the speed to slow down

In April, the added value of the equipment manufacturing industry increased by 13.2% year-on-year, higher than the growth rate of all industries above designated size, driving the growth rate of industries above designated size to accelerate by 1.3 percentage points. Among them, the added value of the automobile manufacturing industry and the electrical and mechanical equipment manufacturing industry increased by 44.6% and 17.3%, respectively. In addition, the production of new products has maintained rapid growth. With the enhanced leading role of innovation, the green and low-carbon transformation continues to deepen, and the production of new energy, new materials, and high-tech products is growing rapidly. In April, the production of photovoltaic cells and charging pile products increased by 69.1% and 36.9% year-on-year, respectively; The production of polycrystalline silicon and service robots increased by 89.3% and 47.6% respectively year-on-year, injecting new impetus into the upgrading and development of the industry.

In April, the Purchasing Managers’ Index (PMI) of China’s manufacturing industry was 49.2, and after three months, it once again fell below the critical point, leading to a decline in the prosperity level of the manufacturing industry. Fu Linghui said that the manufacturing PMI slightly fell below the critical point in April, which is a temporary phenomenon that occurred during the economic recovery process. There are three main reasons.

Fu Linghui said, “Firstly, early production was quickly repaired, and demand recovery was relatively slow, which to some extent suppressed the continued expansion of production. Secondly, due to the impact of enterprise destocking, in the early stage, due to the rapid inventory growth of industrial enterprises, when market demand was relatively insufficient, enterprise owners took the initiative to destock, which would also affect the level of enterprise prosperity