Business vitality continues to recover, leading indicators feel the economic vitality of China.

In the first quarter, the macroeconomic data of China will be released soon, and a number of the latest leading data show a continuous upward trend, especially in March, the upward trend has obviously accelerated.

55.52%, which is the comprehensive operating rate of construction machinery in March this year. This figure is not only greatly improved compared with January and February, but also the best data since December last year. The Sany "Excavator Index" from the Internet platform of Shugen Internet Industry shows that in the first quarter of this year, the national construction machinery and equipment were "busier".

From a regional perspective, 25 provinces are "speeding up and running", and the operating rate has reached a new high this year. The operating rates of Anhui, Jiangxi, Hubei, Zhejiang and Sichuan rank among the top five in China, all exceeding 70%.

Not only the current projects are in full swing, but also new investments are constantly landing. Since the beginning of this year, the project investment has been pressed by the "fast forward button". According to the data of the National Information Center, the project investment heat index increased by 0.6% year-on-year, and it increased by 5.8% year-on-year in March, showing an accelerated growth momentum.

The manufacturing sector is more prominent, 1-mdash; In February, the investment enthusiasm index of manufacturing industry increased by 13.3% year-on-year, and rose rapidly to 40.6% in March, much higher than the overall investment enthusiasm growth rate in China. The performance of investment in equipment renewal and transformation is particularly bright. In March, the investment enthusiasm related to equipment renewal, transformation and upgrading in the manufacturing sector increased by 65.5% year-on-year, which exceeded the growth rate of the overall investment enthusiasm in manufacturing by nearly 25 percentage points.

Xing Yuguan, Deputy Director of Big Data Analysis Department of Big Data Development Department of National Information CenterThe growth rate of investment in the manufacturing sector is higher, especially the investment fever related to equipment renewal, transformation and upgrading, which reflects that the willingness of manufacturing enterprises to improve quality and efficiency has been significantly enhanced under the favorable policies of promoting a new round of large-scale equipment renewal and accelerating the development of new quality productivity in the near future.

In the first quarter, major projects in various parts of China were accelerated, and investment in industries, infrastructure and people’s livelihood was significantly accelerated. Experts said that this not only laid a solid foundation for steady economic growth, but also reflected the important role of government investment in laying the foundation, benefiting the long-term, supplementing shortcomings and adjusting the structure, which will provide strong support for high-quality development.

Stabilize and improve, and the business vitality of enterprises will continue to recover.

A number of leading data show that the business vitality of enterprises is rapidly stabilizing and improving, the supply and demand situation of SMEs continues to improve, and domestic demand maintains a good recovery momentum.

According to the heat index of industrial parks in the National Information Center, the index increased by 15.5% year-on-year in the first quarter of this year, achieving rapid growth, including a year-on-year increase of 22.7% in March, indicating that the production vitality of industrial enterprises continues to climb, and the demand for employment of enterprises continues to be strong.

Xing Yuguan, Deputy Director of Big Data Analysis Department of Big Data Development Department of National Information CenterSince the beginning of this year, with the efforts of various policy measures, many indicators reflecting the vitality of enterprises’ production and operation are better than the same period of last year, especially industrial production is continuously improving, and the operational vitality of entrepreneurial enterprises and technological innovation enterprises is also constantly improving.

Not only the business vitality of enterprises continues to improve, but also the supply and demand situation of small and medium-sized enterprises continues to improve. According to the data of China Small and Medium Enterprises Association, the development index of small and medium-sized enterprises in the first quarter was 89.3, up 0.2 points from the previous quarter. Experts believe that small and medium-sized enterprises are more sensitive to market demand and economic recovery, and the rebound of the development index of small and medium-sized enterprises further reflects the sustained recovery of enterprise confidence, the further enhancement of endogenous motivation, and the more steady pace of high-quality development of small and medium-sized enterprises.

Liu Fang, Director of Market and Price Research Institute of China Macroeconomic Research Institute.With the accelerated recovery of production and the sustained efforts of macro-combination policy, the vitality of production and operation of enterprises continues to improve, the supply and demand situation of small and medium-sized enterprises continues to improve, and domestic demand maintains a good recovery momentum. China’s sustained economic recovery is increasing.

The policy of expanding domestic demand is intensively introduced, and online and offline consumption is active.

Since the beginning of this year, from the central government to the local government, the policy of expanding domestic demand has been intensively introduced, and the "popularity" in the consumption field has become more and more prosperous. Experts said that the offline consumer passenger flow has increased significantly, and online logistics orders have accelerated.

"Popularity" is an important perspective to observe the offline consumption fever. According to the analysis of people flow data by the National Information Center, since the beginning of this year, the consumption of offline residents in China has become more active. The heat index of people flow in offline business districts increased by 9.9% in the first quarter compared with the same period of last year, including an increase of 17.7% in March. Regionally, in March, the heat index of 31 provinces all achieved positive growth, with Guizhou, Tianjin, Anhui, Henan and Hainan provinces having the fastest growth rates.

In Guizhou, the "Village Super" and "Village BA" which were popular all over the network last year ushered in the opening season of the new year. In March, only Rongjiang and Taijiang counties attracted nearly one million tourists, driving the comprehensive tourism income to exceed one billion yuan.

Guizhou Huishui Tourist Li XingyuI arrived here at 10 o’clock this morning, and I felt very shocked for the first time. The scene was a 5D experience, which was really different from what I saw on my mobile phone and computer.

Zhou Jie, a tourist from Huaihua, Hunan.The atmosphere here is very grounded. Last year, I arrived here for the "Village BA" finals, and I have experience. If I came late, I would have no place to sit.

Offline consumption is becoming increasingly active, and online consumption is equally hot. The reporter’s comprehensive online consumption platform data analysis shows that the number of platform consumption orders in the first quarter increased by more than 30% year-on-year. The consumption potential of second-and third-tier cities has been further released, and the consumption market in fourth-tier cities and county rural areas in generate has become more and more dynamic.

Liu Qi, Dean of JD.COM Institute of Consumer and Industrial Development.With a series of national policies to promote consumption, the trade-in service has been welcomed by more and more consumers. In March, the trade-in turnover of household appliances increased by more than 130% year-on-year, especially for household goods. Since the launch of self-related services, the turnover has increased by more than 6 times.

There are also retail enterprises that feel full of vitality. In the first quarter, the average comprehensive prosperity index of China retail industry was 50.7%, up 0.4 percentage points year-on-year. Among them, the passenger flow index of commodity management enterprises increased by 0.6 percentage points year-on-year. The total physical sales index of e-commerce enterprises increased by 1.1 percentage points year-on-year.

Zhang Lijun, President of China Business Federation.The comprehensive prosperity of China’s retail industry started well, and the retail business continued to pick up, fully recovering to the pre-epidemic level. The offline passenger flow has increased significantly, online logistics orders have accelerated and the service scale of e-commerce has continued to expand. China’s retail prosperity index has been in the expansion range for one year in a row, and the year-on-year growth rate in the first quarter of this year has obviously accelerated. In the future, the commodity retail market is expected to achieve steady growth.

Just two days ago, the Ministry of Commerce and other 14 departments jointly issued the "Action Plan for Promoting Trade-in of Consumer Goods", which promoted the trade-in of automobiles and household appliances through financial subsidies, and promoted the "rejuvenation" of home improvement and kitchen and bathroom, and the consumer market continued to be active.

(CCTV reporter Wu Hao, Chen Wei, Wang Jialin)