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Fu Linghui, spokesperson for the National Bureau of Statistics, said: China has better conditions for ensuring supply and stable prices of energy

  • Categories:Industry news
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  • Time of issue:2022-06-20
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(Summary description)The reporter learned from the press conference on the operation of the national economy in May held by the Information Office of the State Council on June 15th that in May, the added value of industries above designated size nationwide increased by 0.7% year-on-year, and decreased by 2.9% in April; The year-on-year growth was 5.61%. Among them, the added value of the mining industry increased by 7% year-on-year.

At the press conference, Fu Linghui, spokesman for the National Bureau of Statistics and director of the Department of Comprehensive Statistics of the National Economy, responded to relevant hot topics.

Fu Linghui said that since this year, global energy prices have risen significantly due to the impact of changes in the international situation. Despite the increasing external input pressure, domestic efforts to ensure supply and stabilize prices have also continued to increase. From the perspective of energy consumption structure, there is a certain degree of external dependence on oil and natural gas, but the main body of energy consumption in China is still coal. Domestic coal reserves are relatively rich and production capacity is relatively stable. Since this year, coal production has maintained rapid growth. In May, raw coal production increased by more than 10%, and the increase in coal prices is also falling. At the same time, we have also made positive progress in ensuring the diversification of energy imports, and the current domestic development of new energy has maintained a rapid momentum. Overall, there are better conditions for ensuring supply and stable prices of energy.

According to data, from January to May, China produced 1.81 billion tons of raw coal, a year-on-year increase of 10.4%. Imported coal was 95.95 million tons, a year-on-year decrease of 13.6%. From January to May, China produced 85.69 million tons of crude oil, a year-on-year increase of 4.1%. The import of crude oil was 216.71 million tons, a year-on-year decrease of 1.7%. From January to May, China produced 92.4 billion cubic meters of natural gas, a year-on-year increase of 5.8%. Import of natural gas reached 44.91 million tons, a year-on-year decrease of 9.3%.

Regarding whether the economic operation can be improved, Fu Linghui analyzed the demand pull and market operation. He said that from the perspective of investment, efforts to stabilize investment have continued to increase, and the supporting role of investment growth has gradually strengthened. From January to May, investment in the manufacturing industry increased by 10.6% year-on-year, including a 22% increase in the equipment manufacturing industry. In January-May, infrastructure investment increased by 6.7% year-on-year, 0.2 percentage points faster than in January-April. From the perspective of leading indicators, the planned total investment in newly started projects from January to May increased by 23.3% year-on-year, maintaining a rapid growth. From the perspective of industrial product prices, the market has achieved significant results in ensuring supply and stabilizing prices. In May, the production of raw coal, crude oil, and natural gas increased by 10.3%, 3.6%, and 4.9%, respectively, which is conducive to the stability of energy prices and also led to a decline in PPI growth. In May, PPI rose 6.4% year-on-year, down 1.6 percentage points from the previous month. PPI, especially the decline in upstream price increases, is conducive to easing the cost pressure on the middle and downstream industries and improving the operation of the industrial economy.

Fu Linghui said that in general, if the epidemic can be effectively controlled and various measures to stabilize growth are implemented and effective, with the joint efforts of all parties, the economy is expected to achieve reasonable growth in the second quarter. (China Mining News)

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Fu Linghui, spokesperson for the National Bureau of Statistics, said: China has better conditions for ensuring supply and stable prices of energy

(Summary description)The reporter learned from the press conference on the operation of the national economy in May held by the Information Office of the State Council on June 15th that in May, the added value of industries above designated size nationwide increased by 0.7% year-on-year, and decreased by 2.9% in April; The year-on-year growth was 5.61%. Among them, the added value of the mining industry increased by 7% year-on-year.

At the press conference, Fu Linghui, spokesman for the National Bureau of Statistics and director of the Department of Comprehensive Statistics of the National Economy, responded to relevant hot topics.

Fu Linghui said that since this year, global energy prices have risen significantly due to the impact of changes in the international situation. Despite the increasing external input pressure, domestic efforts to ensure supply and stabilize prices have also continued to increase. From the perspective of energy consumption structure, there is a certain degree of external dependence on oil and natural gas, but the main body of energy consumption in China is still coal. Domestic coal reserves are relatively rich and production capacity is relatively stable. Since this year, coal production has maintained rapid growth. In May, raw coal production increased by more than 10%, and the increase in coal prices is also falling. At the same time, we have also made positive progress in ensuring the diversification of energy imports, and the current domestic development of new energy has maintained a rapid momentum. Overall, there are better conditions for ensuring supply and stable prices of energy.

According to data, from January to May, China produced 1.81 billion tons of raw coal, a year-on-year increase of 10.4%. Imported coal was 95.95 million tons, a year-on-year decrease of 13.6%. From January to May, China produced 85.69 million tons of crude oil, a year-on-year increase of 4.1%. The import of crude oil was 216.71 million tons, a year-on-year decrease of 1.7%. From January to May, China produced 92.4 billion cubic meters of natural gas, a year-on-year increase of 5.8%. Import of natural gas reached 44.91 million tons, a year-on-year decrease of 9.3%.

Regarding whether the economic operation can be improved, Fu Linghui analyzed the demand pull and market operation. He said that from the perspective of investment, efforts to stabilize investment have continued to increase, and the supporting role of investment growth has gradually strengthened. From January to May, investment in the manufacturing industry increased by 10.6% year-on-year, including a 22% increase in the equipment manufacturing industry. In January-May, infrastructure investment increased by 6.7% year-on-year, 0.2 percentage points faster than in January-April. From the perspective of leading indicators, the planned total investment in newly started projects from January to May increased by 23.3% year-on-year, maintaining a rapid growth. From the perspective of industrial product prices, the market has achieved significant results in ensuring supply and stabilizing prices. In May, the production of raw coal, crude oil, and natural gas increased by 10.3%, 3.6%, and 4.9%, respectively, which is conducive to the stability of energy prices and also led to a decline in PPI growth. In May, PPI rose 6.4% year-on-year, down 1.6 percentage points from the previous month. PPI, especially the decline in upstream price increases, is conducive to easing the cost pressure on the middle and downstream industries and improving the operation of the industrial economy.

Fu Linghui said that in general, if the epidemic can be effectively controlled and various measures to stabilize growth are implemented and effective, with the joint efforts of all parties, the economy is expected to achieve reasonable growth in the second quarter. (China Mining News)

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2022-06-20
  • Views:0
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The reporter learned from the press conference on the operation of the national economy in May held by the Information Office of the State Council on June 15th that in May, the added value of industries above designated size nationwide increased by 0.7% year-on-year, and decreased by 2.9% in April; The year-on-year growth was 5.61%. Among them, the added value of the mining industry increased by 7% year-on-year.

At the press conference, Fu Linghui, spokesman for the National Bureau of Statistics and director of the Department of Comprehensive Statistics of the National Economy, responded to relevant hot topics.

Fu Linghui said that since this year, global energy prices have risen significantly due to the impact of changes in the international situation. Despite the increasing external input pressure, domestic efforts to ensure supply and stabilize prices have also continued to increase. From the perspective of energy consumption structure, there is a certain degree of external dependence on oil and natural gas, but the main body of energy consumption in China is still coal. Domestic coal reserves are relatively rich and production capacity is relatively stable. Since this year, coal production has maintained rapid growth. In May, raw coal production increased by more than 10%, and the increase in coal prices is also falling. At the same time, we have also made positive progress in ensuring the diversification of energy imports, and the current domestic development of new energy has maintained a rapid momentum. Overall, there are better conditions for ensuring supply and stable prices of energy.

According to data, from January to May, China produced 1.81 billion tons of raw coal, a year-on-year increase of 10.4%. Imported coal was 95.95 million tons, a year-on-year decrease of 13.6%. From January to May, China produced 85.69 million tons of crude oil, a year-on-year increase of 4.1%. The import of crude oil was 216.71 million tons, a year-on-year decrease of 1.7%. From January to May, China produced 92.4 billion cubic meters of natural gas, a year-on-year increase of 5.8%. Import of natural gas reached 44.91 million tons, a year-on-year decrease of 9.3%.

Regarding whether the economic operation can be improved, Fu Linghui analyzed the demand pull and market operation. He said that from the perspective of investment, efforts to stabilize investment have continued to increase, and the supporting role of investment growth has gradually strengthened. From January to May, investment in the manufacturing industry increased by 10.6% year-on-year, including a 22% increase in the equipment manufacturing industry. In January-May, infrastructure investment increased by 6.7% year-on-year, 0.2 percentage points faster than in January-April. From the perspective of leading indicators, the planned total investment in newly started projects from January to May increased by 23.3% year-on-year, maintaining a rapid growth. From the perspective of industrial product prices, the market has achieved significant results in ensuring supply and stabilizing prices. In May, the production of raw coal, crude oil, and natural gas increased by 10.3%, 3.6%, and 4.9%, respectively, which is conducive to the stability of energy prices and also led to a decline in PPI growth. In May, PPI rose 6.4% year-on-year, down 1.6 percentage points from the previous month. PPI, especially the decline in upstream price increases, is conducive to easing the cost pressure on the middle and downstream industries and improving the operation of the industrial economy.

Fu Linghui said that in general, if the epidemic can be effectively controlled and various measures to stabilize growth are implemented and effective, with the joint efforts of all parties, the economy is expected to achieve reasonable growth in the second quarter. (China Mining News)

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