Negative GDP Growth, Why Still Have Confidence In China's Economic Development

Negative GDP Growth, Why Still Have Confidence In China's Economic Development

Date:Apr 28, 2020

Affected by the new coronary pneumonia epidemic, China's GDP in the first quarter was 206.54 trillion yuan, calculated at constant prices, down 6.8% from the same period last year. In terms of people's livelihood, with the gradual restoration of production and living order, the employment situation is generally stable, and there have been no large-scale layoffs across the country. In the first quarter, 2.29 million people were employed in cities and towns across the country. In March, the unemployment rate in the national urban survey was 5.9%, a decrease of 0.3 percentage points from February.

Objectively speaking, it is not easy to reach such data during the epidemic. Although the economic growth rate has slowed down, the entire industrial system has withstood the impact, and the basic livelihood of 1.4 billion people has been strongly guaranteed.

Has food in his hands, and he doesn't panic. After the outbreak, in the face of the complicated situation of food security, the Party Central Committee reviewed the situation, responded correctly and effectively, and continuously issued targeted policies and measures to overcome the impact of the outbreak on spring tillage and spring sowing production to the greatest extent, ensuring the overall stability of the grain crop area this spring The supply of agricultural materials is generally guaranteed. In the first quarter, the added value of agriculture (planting industry) increased by 3.5% year-on-year. At present, the climatic conditions in the main agricultural areas of the country are generally favorable, spring tillage and spring sowing are progressing smoothly, the overall growth of winter wheat is better than that of the previous year and normal years, and the summer grain harvest is promising.
Development after the outbreak

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