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在经济下行预期加重的阴霾中,一季度宏观经济数据闪亮登场。据统计局披露,一季度国内生产总值12.8万亿元,同比增长7.4%,虽增幅比去年下降0.3个百分点,但仍高于市场的普遍预期。我们观察到,在总量增长放缓的同时结构数据趋于优化:首先,第三产业的增长速度明显快于制造业。一季度第三产业增加值6.28万亿,增长7.8%,高于第二产业7.3%的增长幅度。在这个基础上,第三产业增加值占国内生产总值的比重达到49.0%,比第二产业高
In the haze of the economic downturn is expected to increase, the first quarter of macroeconomic data debut. According to the statistics bureau, the gross domestic product in the first quarter was 12.8 trillion yuan, an increase of 7.4% over the same period of last year. Although the growth rate dropped by 0.3 percentage point from last year, it was still above the market’s general expectation. We observe that while the aggregate growth is slowing down, the structural data tends to be optimized: First, the tertiary industry is growing at a significantly faster rate than the manufacturing industry. The tertiary industry in the first quarter added 6.28 trillion yuan, an increase of 7.8%, higher than the growth rate of 7.3% in the secondary industry. On this basis, the added value of the tertiary industry accounted for 49.0% of the GDP, higher than the secondary industry