Is the economic downward pressure further expanded? Official response to economic hotspots
Beijing, Beijing, May 16 (reporter Li Jinlei) is there no inflation pressure in the current Chinese economy? Is the downward pressure of the economy expanding further? What is the next trend of China’s economic growth? Why does the growth rate of real estate development investment accelerate? The National Bureau of Statistics released economic data for April on the 15th and responded to a series of hot economic issues. Citizens are shopping in supermarkets. Photo by zhongxin.com reporter Li Jinlei Is there no inflation pressure in China’s economy? — Current CPI keeps a moderate rise According to data from the National Bureau of Statistics, CPI rose 1.2 percent year-on-year in April, an increase of 0.3 percent age points over the previous month. CPI rose 1.4 percent year-on-year from January to April. Among them, the year-on-year increase of CPI in February and March is below 1%, which is relatively low in recent years. Does this mean that there is no inflation pressure in China’s economy at present? In this regard, Xing Zhihong, spokesman of the National Bureau of Statistics, responded that the current low price increase is mainly because food prices are lower than the same period last year, and the overall weather conditions have been relatively good since this year, some agricultural products such as vegetables are fully supplied. Xing Zhihong pointed out that when food and energy were deducted, the core CPI rose 2.1% year on year in April. The increase of such CPI was basically the same as that of previous years, which was a moderate increase. Therefore, the current consumer price is a moderate upward trend. In addition to the food field, the price increase of non-food is slightly higher than that of the previous year, which reflects that the consumption demand of the whole society is still relatively active, and the consumer goods market is relatively active. Data map: Photo taken by China News Agency reporter FOOD-SWEET on the production site of iron and steel industry Does the downward pressure of the economy expand? — The steady growth trend of major economic indicators has not changed. The data shows that some indicators of economic operation declined in April. Does this mean that the downward pressure of China’s economy is further expanding? In this regard, Xing Zhihong analyzed that the growth rate of some indicators declined in the current month. In fact, this was mainly due to the impact of the May Day holiday ahead of schedule and the one-day decrease in working days. If we compare the growth of these indicators in April with that in January-February and last month, we can find that the performance of relevant indicators is not weak. “In addition, from the cumulative data of relevant indicators, the decline in the growth rate of the current month has not affected the stable development trend of the cumulative growth rate, the cumulative growth rate of relevant indicators from January to April basically continued the stable growth trend since the first quarter.” Xing Zhihong said. For example, Xing Zhihong said that although the growth rate in the month of total retailing of social consuming goods dropped by 0.2 percent age points compared with that in March, the cumulative growth rate in January-April was 10.2 percent, which was 0.2 percent age points higher than that in the first quarter. Therefore, no matter from the range of changes or the reasons for changes, this does not belong to a trend change, which is within a reasonable range, A small fluctuation within the expected range. It can be said that the steady growth trend of the main economic indicators in the national economy has not changed. Data map: import and export containers. China News Service reporter Bo Bo photo What is the next economic growth trend? — Stable and positive situation can be sustained Regarding the trend of economic growth in the next step, Xing Zhihong said that the positive factors in China’s economic operation are accumulating continuously, and the favorable conditions are steadily increasing. Since this year, in the economic operation, there have been many positive changes in the relationship between supply and demand, quality benefits, market expectations and the vitality of micro subjects, this makes the current steady and positive development trend sustainable. Xing Zhihong analyzed the performance of four aspects: first, the improvement momentum of supply and demand in most industries is continuing, and the market demand continues to expand; Second, the quality benefit is continuously improving; third, the market is expected to continue to improve; Fourth, the vitality of micro subjects is generally enhanced. “Therefore, based on the above situation, the current overall stable and stable economic trend is sustainable.” Xing Zhihong pointed out that in the relevant report released by the International Monetary Fund in April, China’s GDP forecasts for 2017 and 2018 were raised by 0.1 and 0.2 percent age points respectively, this shows that the international community is also very confident about China’s economic growth. Data map: commercial housing construction. Taken by Lv Ming, China News Agency reporter Why does the growth rate of real estate development investment accelerate? — Inseparable from last year’s continuation effect Data show that the national fixed asset investment (excluding farmers) increased by year-on-year from January to April, and the growth rate dropped by 0.3 percent age points from January to March. At the same time, from January to April, the national real estate development investment increased by 9.3 percent year-on-year, and the growth rate was 0.2 percent age points faster than that from January to March. Why does the growth rate of investment in real estate development still accelerate when there are still hot spots and second-tier cities that frequently introduce regulatory policies and measures? In this regard, Xing Zhihong believes that this is inseparable from a continuation effect last year. Last year, the sales area of commercial housing in the country increased by, which led to a relatively strong boom in the real estate market, many real estate enterprises have plus-sized their investment efforts, and many projects under construction are still in progress. Investment projects have Periodicity. Once they start, they need to continue for a period of time. “Therefore, the current growth of real estate investment can be said to be a continuation of this cycle.” Xing Zhihong pointed out that in addition, real estate is now undergoing classified regulation and control. In order to curb the excessive rise in housing prices, first-tier cities have also Plus-sized the supply of land and houses. Therefore, the increase of real estate investment appears under so many reasons and backgrounds. (Finished) 3169 Beijing, May 16 (reporter Li Jinlei) is there no inflation pressure in the current Chinese economy? Is the downward pressure of the economy expanding further? What is the next trend of China’s economic growth? Why does the growth rate of real estate development investment accelerate?