The nation’s gross domestic product (GDP) in the first quarter of this year reached 31875.8 billion yuan, surging by 5.4% on a year-on-year basis and by 1.2% on a quarter-on-quarter basis, according to the data from National Bureau of Statistics (NBS).
The production and supply expanded at a greater speed. In the first quarter, the nation’s agriculture (farming) saw the added value increase by 4.0% year on year. The added value of the nation’s above-designated-size industrial enterprises (each of whom could generate a yearly business revenue of no less than 20 million yuan) grew by 6.5% year on year, up 0.7% from last year. The service sector recorded the added value with a year-on-year growth of 5.3%, up 0.3% from last year.
Market sales showed an accelerated rebound. In the first quarter, the nation’s retail sales of consumer goods totaled 12467.1 billion yuan, representing a year-on-year increase of 4.6%, up 1.1% from last year. The consumer goods trade-in policies continued to play its role. The retail sales of communication apparatus rose by 26.9%, that of cultural and office supplies rose by 21.7%, that of domestic appliances and audiovisual equipment rose by 19.3%, and that of furniture rose by 18.1%.
The investment in fixed assets represented stable expansion. In the first quarter, the nation’s fixed assets investment (excluding that from agricultural sector) stood at 10317.4 billion yuan, showing a year-on-year growth of 4.2%, up 1.0% from last year. The investment in fixed assets (excluding that in real estate) increased by 8.3%.
The employment kept stable. In the first quarter, the nation’s unemployment rate averaged 5.3%. March saw a monthly decrease of 0.2% in the unemployment rate, which stood at 5.2%.
Resident income increased stably. In the first quarter, the nation’s disposable income per capita hit 12179 yuan, increasing by 5.5%. Without regard to price factors, the nation’s disposable income per capita increased by 5.6%.
