The Economy Developed Steadily and Progressively in the 1st Quarter
Since the beginning of this year, the whole city earnestly implement the arrangements and deployment of Central Government and Provincial Party Committee, promote the epidemic prevention and the economic and social development as a whole, further consolidate the phase results of epidemic prevention and control, make important progress in resuming of work and production, and accelerate the recovery of living and production order. In March, the main economic indicators showed a rebound momentum, and the economy developed steadily and progressively.
The "steady" trend continues. First, industry is stable. In the first quarter, the growth rate of Industries Above Designated Size dropped by 4.6%, which was 3.7% lower than the previous months. In particular, the growth value of Industrial Enterprises Above Designated Size in March increased by 1.8%, and the growth rate turned positive. Second, the market body is stable. The city's 380 Industrial Enterprises Above Designated Size have all resumed work and production, business and service industry have resumed operations in an orderly manner, production and living order basically returned to normal. Third, employment is stable. In the 1st quarter, there are 10,506 new jobs in urban areas, and the registered unemployment rate was 3.1%, which was below the provincial control line of 4.5%.
The intensity of "improvement" is increasing. First, the main indicators are continuously improved. In terms of production, electricity consumption and other indicators have recovered significantly. Industrial electricity consumption and electricity consumption in the whole society in March increased by more than 40% compared with February. In terms of demand , investment and consumption in the first quarter fell by 8.7%and 4.6% respectively compared with the previous two months, and total exports increased by 43.13%. Second, key projects are accelerated.222 projects were started intensively in March, and the resumption rate of key projects reached 73.85 percent, which provided motivation for sustained economic growth.
The new drivers of growth is initiating. First, the rapid growth of new industries. In the first quarter, the city's high-tech industries, high-growth manufacturing industries and strategic emerging industries respectively increased by 2.9%, 1.4%, 7.9% and 67.2% year-on-year . Second, the new industry is booming, online classroom, online office, telemedicine and other new business are constantly being born. Third, the new business entities takes advantage of the situation. A number of pharmaceutical enterprises such as Gusite Embossing Roller Company, Shunkang Medical Equipment and Suicheng Biotechnology have emerged as the times require. Products, such as masks, protective clothing, molt-blown nonwovens have been put on the market .Good economic and social benefits are achieved .