According to the latest statistics, in the first quarter of 2017, the added value of China's industrial enterprises above designated size increased by 6.8% year-on-year (the same below, the growth rate of value-added is the actual growth rate after deducting the price factor), and the growth rate is 1.0 percentage points higher than the same period of the previous year. 0.8 percentage points faster than the previous year. 
Industry situation
In the month of March, the added value of China's industrial enterprises above designated size increased by 7.6% year-on-year, 1.3 percentage points faster than that of January-February. The chain increased by 0.83%. The data shows that China's industrial structure continues to be optimized. In the first quarter, the added value of high-tech industries and equipment manufacturing industry increased by 13.4% and 12.0% respectively, and the growth rate was 6.6 and 5.2 percentage points faster than that of industrial enterprises above designated size, 2.6 times faster than the previous year. And 2.5 percentage points.
In the first quarter, China's rubber and plastic products industry added value increased by 8.2% year-on-year
Industry situation
In terms of industries, in March, 33 of the 41 major industries maintained an increase in value added.
In the first quarter, the rubber and plastic products industry grew by 8.2% year-on-year; in March, the year-on-year growth was 7.8%.
In the first quarter, chemical raw materials and chemical products manufacturing grew by 4.6% year-on-year; in March, the year-on-year growth was 4.6%.
In the first quarter, the automobile manufacturing industry increased by 15.3% year-on-year; in March, the year-on-year growth was 12.3%.
In the first quarter, computer, communications and other electronic equipment manufacturing grew by 14.9% year-on-year; in March, the year-on-year growth was 16.1%.
Product situation
In terms of products, in March, 430 of the 596 products increased year-on-year.
In the first quarter, the output of automobiles was 7.326 million units, up 9.0% year-on-year; the output in March was 2.695 million units, up 4.8% year-on-year.
In the first quarter, the output of new energy vehicles was 57,000 units, down 14.9% year-on-year; the output in March was 33,000 units, up 17.9% year-on-year.
In the first quarter, the output of smartphones was 358.66 million units, up 11.4% year-on-year; the output in March was 124.39 million units, up 18.3% year-on-year.
Import and export growth in the first quarter
In the first quarter, China's industrial enterprises above designated size achieved an export delivery value of 2.7946 billion yuan (the same below), a year-on-year increase of 10.3%. In the month of March, China’s industrial enterprises above designated size achieved export delivery value of 1,073.7 billion yuan, a year-on-year increase of 12.9%.
In the first quarter, exports of plastic products were 57.6 billion yuan, up 21.3% year-on-year.
In the first quarter, China exported 2.48 million tons of plastic products, an increase of 14.1% year-on-year; the export value was 57.697 billion yuan, a year-on-year increase of 21.3%. In March, the export volume was 950,000 tons, an increase of 23.38% year-on-year; the export value was 22.401 billion yuan, a year-on-year increase of 23.76%.
Imported primary shape plastics in the first quarter was 83.92 billion yuan, up 37.4% year-on-year.
In the first quarter, China imported 7.43 million tons of primary-shaped plastics, up 22.9% year-on-year; the import value was 83.92 billion yuan, up 37.4% year-on-year. In March, imports were 2.71 million tons, up 11.06% year-on-year; the import value was 31.115 billion yuan, up 28.15% year-on-year.
March China's foreign trade export leading index was flat
In March, China’s foreign trade export leading index was 40.2, ending the four-month sequential increase, which was the same as last month. Among them, according to the online survey data, the China Export Managers Index rebounded by 2.2 to 43.8 in March; the new export order index, manager confidence index, and corporate comprehensive cost index rebounded by 2.2, 3, 0.4 to 46.4, 50.9, and 22 respectively.
First quarter ex-factory price & purchase price
In the first quarter, the ex-factory price of Chinese industrial producers rose by 7.4% year-on-year, down 4.8% in the same period last year. In the month of March, the ex-factory price of Chinese industrial producers rose by 7.6% year-on-year, which was 0.2 percentage points lower than that in February and 0.3% higher than the previous month.
In the first quarter, the purchase price of Chinese industrial producers rose by 9.4% year-on-year; in March, the year-on-year increase was 10.0%, up 0.5% from the previous month.
In the first quarter, the ex-factory price of China's rubber and plastic products industry rose by 1.9% year-on-year; in March, it rose by 2.5% year-on-year and 0.5% month-on-month.
In the first quarter, the ex-factory price of chemical raw materials and chemical products manufacturing increased by 10.9% year-on-year; in March, the year-on-year increase was 11.5%, up 0.5% from the previous month.
In the first quarter, the purchase price of chemical raw materials increased by 9.5% year-on-year; in March, it rose by 10.0% year-on-year, up 0.5% from the previous month.
Chinese enterprises' profits increased rapidly from January to February
In January-February, China's industrial enterprises above designated size achieved a total profit of 1015.7 billion yuan, a year-on-year increase of 31.5%, an increase of 23.0 percentage points over the previous year. The profit rate of the main business income of industrial enterprises above designated size in China was 5.92%, an increase of 0.8 percentage points over the same period of the previous year.
There were three main reasons for the sharp increase in profits in January-February. First, the prices of major industrial products rose rapidly. In February, the PPI rose by 7.8%, and the price increased rapidly. Second, the output of industrial products increased. Third, the profit rate of enterprises increased. rise. The increase in profits in January-February reached 31.5% and the reason for the low base in the same period last year. In the next step, the profit growth rate of Chinese companies may gradually return to a normal and reasonable level, but there should be conditions to maintain a relatively fast growth rate.
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