[The economic structure and growth momentum are undergoing profound changes. The rapid development of high-end manufacturing and modern service industries shows that our country's economy is undergoing a process of evolution to the mid-to-high end and will continue this process.]
[In the "one lift and one drop" of labor productivity and energy consumption indicators, China's economy is gradually shifting away from the extensive growth model of high input and high consumption, and shifting toward a high-tech, low-consumption intensive development approach."
The latest statistics from the National Bureau of Statistics show why China's equipment manufacturing industry accounts for 30.4% of the industrial added value above the scale, which has laid the foundation for China’s wisdom to go overseas.
The National Bureau of Statistics released the "Statistical Communiqué on National Economic and Social Development in 2014" on the 26th. The data shows that last year China's industrial structure was optimized, and the transformation and upgrading trend was obvious. The industry was undergoing a transition to high-end. The added value of high-tech and equipment manufacturing increased by 12.3% and 10.5% respectively over the previous year, and the growth rate was 4.0 and 2.2 percentage points faster than that of the above-scale industries, respectively.
First disclosure of equipment manufacturing industry
The National Bureau of Statistics further disclosed that the added value of high-tech manufacturing increased by 12.3% over the previous year, accounting for 10.6% of the industrial added value above designated size. The value-added of equipment manufacturing industry increased by 10.5%, accounting for 30.4% of the industrial added value above designated size.
Since high-tech manufacturing and equipment manufacturing are the specific categories of multi-industry and overlapping composite industries that have been identified in recent years, the data from the National Bureau of Statistics is currently the most authoritative data for the government. The above data is also the first time in recent years that the National Bureau of Statistics announced the proportion of equipment manufacturing in the annual statistical bulletin.
Among them, high-tech manufacturing includes pharmaceutical manufacturing, aviation, spacecraft and equipment manufacturing, electronics and communications equipment manufacturing, computer and office equipment manufacturing, medical equipment and instrumentation manufacturing. The equipment manufacturing industry includes metal products, general equipment manufacturing, special equipment manufacturing, automotive manufacturing, railways, ships, aerospace and other transportation equipment manufacturing, electrical machinery and equipment manufacturing, computers, communications and other electronic equipment. Manufacturing, instrumentation, metal products, machinery and equipment repairs.
The data from the National Bureau of Statistics also showed that the service industry grew strongly under the multiple factors of industrialization, informatization, and escalation of consumer spending. The added value of the tertiary industry increased by 8.1% year-on-year, 0.8% higher than that of the secondary industry, and 5.6 percentage points higher than the secondary industry.
Xie Hung-kwong, deputy director of the National Bureau of Statistics, commented on the above data and said that the economic structure and growth momentum are undergoing profound changes. The rapid development of high-end manufacturing and modern service industry shows that our country’s economy is evolving towards the mid-to-high end and will continue. This process.
Total labor productivity increased by 7.0%
The statistics from the Bureau of Statistics also show that under the pressure of the market and the guidance of the government, quality-based and differentiated competition has gradually replaced the past expansion of quantity and price competition, and resource allocation efficiency has increased significantly.
The data shows that in 2014, China’s national labor productivity was 72,313 yuan/person (calculated at constant price in 2010), which was 7.0% higher than the previous year. This was a result of the combined effect of labor quality improvement and scientific and technological progress. The energy consumption per unit of GDP fell by 4.8% year-on-year, a decrease of 1.1 percentage points over the previous year, setting the largest annual decline since the 12th Five-Year Plan period.
Last year, the Chinese economy entered a "new normal." In the process of economic growth slowing down but structural optimization, the proportion of the tertiary industry has further increased, the proportion of industry and manufacturing has further declined, and local and major industrial industries have become energy-saving and environmentally friendly. The implementation of the standard is further strict. This has made China continue to refresh the new record of quarterly energy consumption in 2014.
In May 2014, the General Office of the State Council issued the “2014-2015 Action Plan for Energy Saving and Emission Reduction and Low Carbon Development†and proposed the goal of 2014-2015, energy consumption per unit of GDP, chemical oxygen demand, sulfur dioxide, ammonia nitrogen, and nitrogen. Oxygen emissions decreased by 3.9%, 2%, 2%, 2%, and 5% year-on-year, respectively, and CO 2 emissions per unit of GDP dropped by 4% and 3.5% respectively over the past two years. From the current situation, the unit energy consumption should have exceeded its annual target.
In addition to energy consumption per unit of GDP, China’s unit water consumption was also declining last year, in which the water consumption per 10,000 yuan was 6.3% lower than the previous year, the water consumption per million yuan in industrial added value fell by 5.6%; copper, steel, caustic soda, cement and other products The overall energy consumption per unit of production continues to decline.
Xie Hongguang believes that between the “one-one-one-one drop†of labor productivity and energy consumption indicators, China’s economy is gradually shifting away from the extensive growth model of high input and high consumption, and shifting to an intensive, high-tech, low-consumption development approach.
Non-financial FDI growth 14.1%
Improvements in the market environment and greater openness to the outside world have attracted more foreign investment. In the non-financial sector, 23,778 new foreign direct investment enterprises were established in the year, an increase of 4.4% over the previous year, and actual use of foreign direct investment amounted to US$119.6 billion, an increase of 1.7%.
The Shanghai Free Trade Zone has gained more experience and the market access of the service industry has further expanded. The total service import and export volume for the year was 604.3 billion U.S. dollars, an increase of 12.6% over the previous year.
Under the guidance of the “One Belt and One Road†strategy, Chinese enterprises actively “go global†to participate in global competition and actively expand external markets. The amount of foreign direct investment (FDI) in the non-financial sector was 102.9 billion U.S. dollars, an increase of 14.1% over the previous year. Breakthroughs have been made in the overseas M&A of enterprises, the industrial structure of foreign direct investment has been continuously optimized, and the investment efficiency has continuously improved.
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