Official data released today underscores the sustained and improving trajectory of China's national economy, showcasing its underlying resilience and vitality.
Statistics indicate that in May, the national economy maintained a generally stable performance, continuing its shift towards new and superior development models.
Industrial value added for enterprises above a designated size grew by 4.5% year-on-year, accelerating by 0.4 percentage points from the previous month.
Within this, the value added for equipment manufacturing and high-tech manufacturing sectors saw rapid increases, rising by 9.5% and 15.1% year-on-year, respectively.
The national service industry production index increased by 4.4% year-on-year, a 0.1 percentage point acceleration from April, with modern service industries showing positive development.
From January to May, total retail sales of consumer goods reached 20.6031 trillion yuan, representing a year-on-year increase of 1.4%.
Service retail sales demonstrated robust growth, rising by 5.4% year-on-year.
Regarding investment, infrastructure investment maintained growth, while investment in intellectual property products saw a relatively fast increase of 9.3% year-on-year.