According to preliminary calculations, China's GDP in the first quarter was 29,629.9 billion yuan, an increase of 5.3% year-on-year and 1.6% quarter-on-quarter over the fourth quarter of last year at constant prices. The value added of the primary industry was 1,153.8 billion yuan, up by 3.3 percent year on year; The added value of the secondary industry was 10,984.6 billion yuan, up by 6.0 percent; The value added of the tertiary industry was 17,491.5 billion yuan, up by 5.0 percent.

In the first quarter, the added value of agriculture (planting industry) increased by 3.8% year-on-year. Winter wheat planting area remained stable, the overall growth was good, and spring ploughing and sowing advanced steadily and orderly. According to the national planting intention survey, the area of rice and corn intended to be sown has increased. In the first quarter, the output of pig, cattle, sheep and poultry meat was 24.9 million tons, up 1.4% year-on-year; Milk production increased by 5.1% and poultry egg production by 1.5%.

In the first quarter, the added value of industrial enterprises above designated size increased by 6.1% year-on-year. The added value of high-tech manufacturing increased by 7.5%, 2.6 percentage points higher than that in the fourth quarter of last year. By product, the output of charging piles, 3D printing equipment, and electronic components increased by 41.7%, 40.6%, and 39.5%, respectively. In March, industrial output rose 4.5 per cent year on year.

In March, the manufacturing purchasing managers' index (PMI) was 50.8%, up 1.7 percentage points from the previous month, higher than the critical point, indicating a recovery in the manufacturing industry. The expected index of enterprise production and operation activities was 55.6%, up 1.4 percentage points.

In the first quarter, the value added of the service sector increased by 5.0% year-on-year. In March, the national service production index increased by 5.0% year-on-year. From January to February, the operating income of service enterprises above designated size increased by 12.0% year-on-year, 3.7 percentage points higher than that of the whole year of the previous year. In March, the business activity index of the service sector was 52.4%, up 1.4 percentage points from the previous month; The expected index of operational activity was 58.2 per cent. Among them, the business activity index of postal, telecommunications, radio, television and satellite transmission services, monetary and financial services, capital market services and other industries was higher than 60.0%.

In the first quarter, the total retail sales of consumer goods reached 12,032.7 billion yuan, an increase of 4.7% year-on-year. The retail sales of consumer goods in urban areas were 1,0428 billion yuan, up by 4.6%; Retail sales of consumer goods in rural areas reached 1,604.7 billion yuan, up by 5.2%. China's online retail sales reached 3,308.2 billion yuan, up 12.4 percent year-on-year. In March, total retail sales of consumer goods rose 3.1 per cent year-on-year and 0.26 per cent month-on-month. In the first quarter, retail sales of services increased by 10.0% year-on-year.

In the first quarter, the national investment in fixed assets (excluding rural households) was 1,004.2 billion yuan, up 4.5% year on year and 1.5 percentage points higher than that of the whole of the previous year; Excluding investment in real estate development, fixed-asset investment rose 9.3 per cent. By industry, investment in the primary industry grew by 1.0%, that in the secondary industry by 13.4%, and that in the tertiary industry by 0.8%. Investment in high-tech industries grew by 11.4% year-on-year, with investment in high-tech manufacturing and services up 10.8% and 12.7%, respectively. In March, fixed-asset investment (excluding rural households) rose 0.14 per cent month-on-month.

In the first quarter, the total import and export of goods was 10,169.3 billion yuan, up by 5.0% year-on-year. Among them, the export was 5737.8 billion yuan, up by 4.9%; Imports reached 4,431.5 billion yuan, up by 5.0%. The balance of imports and exports amounted to a trade surplus of 1,306.3 billion yuan. Imports and exports of private enterprises increased by 10.7%, accounting for 54.3% of the total imports and exports. Imports and exports to Belt and Road countries increased by 5.5 percent, accounting for 47.4 percent of total imports and exports.

In March 2024, the national consumer price index rose 0.1 percent year-on-year. Among them, urban areas remained flat, and rural areas increased by 0.1%; Food prices fell 2.7%, while non-food prices rose 0.7%. Prices for consumer goods fell 0.4 percent, while prices for services rose 0.8 percent. From January to March, the average national consumer price was unchanged from the same period last year.

In March 2024, the producer prices fell by 2.8% year-on-year and 0.1% month-on-month. The purchasing prices of industrial producers decreased by 3.5% year-on-year and 0.1% month-on-month. In the first quarter of this year, the producer price at the factory gate was down 2.7%, and the purchasing price at the industrial producer was down 3.4%.

In the first quarter, the average surveyed urban unemployment rate was 5.2%, down 0.3 percentage points from the same period last year. In March, the surveyed urban unemployment rate was 5.2 percent, 0.1 percentage point lower than the previous month and the same month last year. The surveyed unemployment rate of the local registered labor force was 5.3%; The surveyed unemployment rate of migrant workers was 5.1%. At the end of the first quarter, the total number of rural workers who went out to work was 185.88 million, up 2.2 percent year-on-year.

In the first quarter of this year, the per capita disposable income was 11,539 yuan, a nominal increase of 6.2%, or a real increase of 6.2% after deducting price factors. The per capita disposable income of urban residents was 15,150 yuan, an increase of 5.3% in nominal terms and 5.3% in real terms. The per capita disposable income of rural residents was 6,596 yuan, an increase of 7.6% in nominal terms and 7.7% in real terms. The median per capita disposable income was 9,462 yuan, a nominal increase of 6.4 percent year-on-year.