Multiple indicators have rebounded, and China's economy remained stable and improved in May.
A series of leading indicators released today by the National Development and Reform Commission's National Information Center show that in May, with the coordinated efforts of macroeconomic policies, multiple economic sectors maintained a stable and positive development trend. The latest data shows that in May, the national port equipment utilization rate increased by about 9 percentage points year-on-year, ranking first in various types of engineering machinery, indicating strong demand for port logistics and continued enhancement of foreign trade resilience. The consumer market is steadily improving. In May, the merchant operating vitality index has risen for three consecutive months, with offline consumption payment amount increasing by 2.4% year-on-year, a growth rate 0.7 percentage points faster than the previous month, with significant growth in key consumption areas such as electronic goods, catering, and transportation. Investment in new and high-quality industries is accelerating. In May, investment in frontier areas such as artificial intelligence and humanoid robots increased by about five times year-on-year; while the bid amount for infrastructure projects in fields such as computing power, data, and networks increased by about twice year-on-year. The innovation vitality of enterprises is accelerating. In May, the number of patents granted in China's strategic emerging industries increased by 19.7% year-on-year, with a growth rate 2.2 percentage points faster than the previous month, indicating that innovative achievements are accelerating from the laboratory to the production line, transforming into tangible productivity.
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