The National Bureau of Statistics announced on the 16th the performance of the national economy in the first quarter, with mainland China's GDP growing by 5.3% in the first quarter. Today, several officials from relevant departments of the Bureau of Statistics interpreted the detailed data by item. Regarding industrial production, Tang Weiwei, Director of the Industrial Statistics Department of the National Bureau of Statistics, pointed out that in the first quarter, with the continuous release of macroeconomic combination policy effects, industrial production grew steadily and achieved a good start.

It is worth noting that when he proposed the observation of "new quality productivity leading transformation and upgrading", he pointed out that in the first quarter, the added value of high-tech manufacturing increased by 7.5% annually, 1.4 percentage points higher than the average level of all large-scale industries, and 2.6 percentage points faster than the fourth quarter of last year. Among them, the added value of industries such as smart car equIPMent manufacturing, semiconductor device specific equipment manufacturing, and integrated circuit manufacturing grew by 61.5%, 40.6%, and 18.5%, respectively.

As Chinese Mainland is subject to severe chip sanctions from the United States and eager to realize localization substitution, the projects related to the development of semiconductor in mainland China, both of which have shown high growth rates, reaching 40.6% and 18.5% respectively, which are eye-catching.

In addition, the added value of the equipment manufacturing industry has increased by 7.6% annually, which is also 1.5 percentage points higher than the average level of all large-scale industries, driving the growth of all large-scale industries by 2.3 percentage points; Among them, the added value of the electronics, railway, shipbuilding, aviation and aerospace industries increased by 13.0% and 10.0% respectively, while the automotive industry grew by 9.7%. From the perspective of related products, the production of 3D printing equipment, integrated circuits, civilian steel ships, service robots, and others increased by 40.6%, 40.0%, 38.8%, and 26.7% respectively compared to the same period last year.

Tang Weiwei stated that industrial production continued to accelerate in the first quarter, with the added value of industries above designated size nationwide increasing by 6.1% annually, and the growth rate accelerating by 0.1 percentage points compared to the fourth quarter of last year, maintaining a positive trend of recovery. Among them, the added value of the manufacturing industry grew by 6.7%, accelerating by 0.4 percentage points compared to the fourth quarter of the previous year; The production and supply industries of electricity, heat, gas, and water grew by 6.9%, accelerating by 0.5 percentage points; The mining industry grew by 1.6%, falling by 2.3 percentage points. From the current month's situation, in March, the added value of industries above designated size increased by 4.5%.

He stated that the growth of industries and products expanded in the first quarter. Among the 41 major industrial categories, 37 industries achieved annual growth in added value, with a growth rate of 90.2%, an increase of 24.3 percentage points from the fourth quarter of the previous year. Out of the 619 major industrial products in the statistics, 406 products saw growth in production, with a growth rate of 65.6%, an increase of 5.4 percentage points from the fourth quarter of the previous year.

He stated that green manufacturing drives green development. In the first quarter, the production of new energy vehicles increased by 29.2% annually, and the production of related products such as charging piles and lithium-ion power batteries for automobiles increased by 41.7% and 8.6% respectively; The production of green energy products is relatively good, with the production of ultra white glass and solar cells used in the solar industry increasing by 46.4% and 20.1% respectively; The production of green materials has maintained a high speed, with the production of single crystal silicon, polycrystalline silicon, carbon fiber and its composite materials increasing by 58.2%, 53.5%, and 19.5%, respectively. The green circular industry has developed well, with an annual increase of 10.9% in the added value of the comprehensive utilization of waste resources. The production of related noise and vibration control equipment, solid waste treatment equipment, and other products has grown by 30.7% and 12.9%, respectively.

On the other hand, Tang Weiwei stated that industrial exports from the mainland increased in the first quarter instead of decreasing. From January to February, the annual profit of large-scale industrial enterprises in China increased by 10.2%, and the profit decreased by 2.3% from the previous year to a positive growth. And the export delivery value has increased from a decrease. Benefiting from the recent improvement in external demand and the continuous release of foreign trade policy dividends, in the first quarter, the delivery value of industrial exports above designated size decreased by 2.2% year-on-year in the fourth quarter of last year and increased by 0.8%, rebounding by 3.0 percentage points; In March, the growth rate increased by 1.4%, accelerating by 1.0 percentage points and 4.6 percentage points respectively from January to February and December of the previous year, continuing a positive trend.

He said that overall, the industrial economy started well in the first quarter. However, it should also be noted that factors such as insufficient effective demand and high profit pressure on enterprises still exist that limit the recovery of the industrial economy. In the next stage, we need to promote large-scale equipment updates in the manufacturing industry, achieve technological upgrades in the industrial sector and the high-end, intelligent, and green transformation of the manufacturing industry, accelerate the cultivation of new quality productivity, effectively improve the quality and efficiency of industrial development, and promote the sustained recovery and improvement of the industrial economy.