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Since the beginning of this year, in order to take the pulse of economic development, identify the pain points in the development of the pulse, and ensure that the steady growth policy continues to be effective, several ministries and commissions have organized personnel to carry out research work in various regions. In particular, in the past month, the National Development and Reform Commission alone has conducted more than 70 surveys, focusing more on high quality, digital transformation and industrial development.
In the author's opinion, the purpose of "research" is to predict the economic situation and industrial development trend, prepare for the decision of investment or development direction, and also provide the basis for the effective formulation and implementation of policies. Combined with the economic data of the first quarter, the National Development and Reform Commission and other ministries and commissions research groups intensive "pull out", revealing various policy signals.
In promoting consumption, we will focus on new types of consumption. Since the beginning of this year, consumption has shown a positive trend on the whole. In the first quarter, the contribution of final consumption to economic growth reached 66.6%, which is significantly higher than that of the whole of last year. It is the most important factor driving economic growth among the three major demands. However, people's willingness to consume needs to be further improved. New consumption based on new business forms and models such as the Internet has taken on new features different from traditional consumption and has become a new driving force for stabilizing the economy.
Therefore, in terms of new types of consumption, we will continue to increase the number of applications for new types of consumption, foster innovative consumer goods, and accelerate the improvement of product technologies and service standards for new types of consumption. We will simplify and optimize the process of handling enterprise licenses in new consumption areas, and "give the green light" to outstanding enterprises. We will strengthen supporting regulatory measures and policy systems, and build a strong "protection wall" for consumers' rights and interests.
In terms of stabilizing investment, we will encourage private investment. Statistics show that since last year, more than 9,000 of the more than 50,000 projects promoted across the country have attracted private capital participation, involving 2.9 trillion yuan of private investment. But private investment has been low for some time, growing just 0.6 percent in the first quarter, and its potential needs to be tapped.
To stimulate the vitality of private investment, we need to take various measures to ensure its success. On the one hand, we will increase support for major private investment projects, strengthen the government's guidance role, and encourage private enterprises to put their existing assets to good use. On the other hand, we will strengthen financing support for private investment, promote the sound development of the investment environment, and strengthen the development of the regulatory system.
In terms of innovation and development, target the digital industry. In recent years, the digital economy has become one of the main engines driving economic growth, playing an increasingly prominent role in promoting high-quality development. By the end of 2022, China's digital economy was the second largest in the world. The Internet of Things, 5G, big data, cloud computing and artificial intelligence have laid the technological foundation for building a digital China. Related industries enjoy broad prospects for development, and policy support is constantly improving.
At the April press conference held on April 19, Meng Wei, spokesperson of the National Development and Reform Commission, said that China will cultivate a group of eco-oriented enterprises with core competitiveness, accelerate the building of internationally competitive digital industrial clusters, and support platform enterprises to play their role in leading development, creating jobs and international competition.
Grain rain season in the field seedling first inserted, the most need rain moisture. It is believed that through the in-depth investigation and research of various ministries and commissions, more industries and fields will usher in the policy "spring rain".
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