Leading indicators show that China's economy has started well

        Beijing, April 8 (Xinhua) -- A person in charge of the Service Industry Department of the National Bureau of Statistics said on the 8th that the Purchasing Managers' Index (PMI), as a leading indicator, shows that China's economy continued to maintain a steady and positive development trend in the first quarter of this year, and expectations are positive. The favorable conditions supporting high-quality economic development continue to accumulate and increase, laying a good foundation for the stable and healthy development of the economy throughout the year.

　　Since the beginning of this year, the manufacturing PMI, non manufacturing business activity index, and comprehensive PMI output index have all remained in the prosperous range, indicating that the production and operation of enterprises are in good condition and continue to maintain a steady expansion trend.

　　Statistics show that from January to March this year, the PMI index of the manufacturing industry was 51.3%, 50.3%, and 51.5% respectively, which remained in the prosperous range of over 50% for 20 consecutive months. The manufacturing industry showed a stable and upward development trend; The non manufacturing business activity index was 55.3%, 54.4%, and 54.6% respectively, stable at a high level of over 54% for seven consecutive months, and the service industry maintained stable and rapid growth; The comprehensive PMI output index is 54.6%, 52.9%, and 54% respectively, indicating a relatively high level of prosperity, and the overall production and operation activities of the real economy are steadily and rapidly expanding.

　　From the perspective of PMI composition, the optimization and upgrading of industrial structure continue to improve the quality of supply. In March, the PMI of the equipment manufacturing industry, high-tech manufacturing industry, and consumer goods manufacturing industry were 0.7, 1.7, and 1.6 percentage points higher than the overall manufacturing industry, indicating that the cultivation of new driving forces is accelerating and the manufacturing industry is continuously moving towards the high-end. From the perspective of non manufacturing industries, the rapid growth of productive services and logistics has effectively supported the sustained and stable development of the real economy.

　　From the perspective of changing trends, the three major indexes have shown a clear upward trend, and the development trend is expected to be positive. "The person in charge said that in the next stage, we must adhere to the general tone of seeking progress while maintaining stability, consolidate the foundation of economic growth, and at the same time, from the perspective of long-term economic cycles and structural optimization and upgrading, deepen reform and innovation, increase vitality through reform, drive growth through innovation, continuously improve the quality and efficiency of economic development, promote sustained improvement of the national economy, and achieve long-term stable and healthy economic development. (Translated from Xinhua News Agency)