China's economic data was released on the 11th in August. The data was released on Saturday, causing some speculation from the outside world. The focus of speculation is on CPI and the economic policies associated with it.
Although the year-on-year increase in CPI in August reached 3.5%, it did not exceed expectations. The National Bureau of Statistics has repeatedly explained that the reason for releasing data on Saturday is simply to try to shorten the interval between data production and release, and there is no other intention.
In fact, there is a significant change in the economic data in August that deserves people's attention. That is, the industrial growth rate has risen for the first time this year. Statistics show that in August, the added value of industrial enterprises above designated size increased by 13.9% year-on-year, and the growth rate was 0.5 percentage points higher than that of the previous month.
"This is the first rebound since the continuous decline in the growth rate of industrial enterprises above designated size this year. We think this is a good phenomenon." Sheng Laiyun, a spokesperson for the National Bureau of Statistics, pointed out.
At this stage, industry dominates the Chinese economy. Especially in the analysis of the monthly economic situation, the direction of the industrial economy basically represents the trend of the entire national economy.
Since the beginning of this year, China's industrial growth rate has dropped all the way, from 20.7% at the beginning of the year to 13.4% in July. Although this decline is mainly the result of active regulation (such as strengthening energy conservation and emission reduction, eliminating backward production capacity), it has also caused people's concerns.
So why did this situation change in August? Sheng Laiyun believes that the rebound in industrial growth is mainly driven by two major industries, one is equipment manufacturing and the other is light industry.
The growth rate of some major industries in the industry has rebounded. For example, driven by better-than-expected car sales, the growth rate of transportation equipment manufacturing industry rebounded from 15.9% in July to 16.6% in August; the growth rate of communications equipment, computers and other electronic equipment manufacturing industry rose from 13.8% to 14.9%; the growth rate of the textile industry rebounded from 11.1% to 11.6%.
In fact, the decline in industrial growth has slowed before. In June, the industrial growth rate fell by 2.8 percentage points from the previous month. In July, it slowed down to 0.3 percentage points, and in August it rebounded by 0.5 percentage points.
According to Sheng Laiyun's analysis, from the situation of three consecutive months, the industrial growth rate is basically fluctuating between 13% and 14%. The trend of industrial transition from rapid growth at the beginning of the year to steady growth is more obvious.
This is also confirmed by the important leading index of the macro economy. The previously released China Manufacturing Purchasing Managers Index (PMI) for August was 51.7%, up 0.5 percentage points from the previous month. This is the first time the PMI index has rebounded for three consecutive months.
"The current macroeconomic operation is characterized by stabilization. From the fall to the stabilization, the main reason is the continuous growth of demand." Zhang Liqun, a researcher at the Macroeconomics Department of the Development Research Center of the State Council, pointed out that the current investment, consumption, and export performance are good, which determines China. The economic growth rate will not be further adjusted back.
From the perspective of exports, China's export growth rate in August was 34.4%. Although the growth rate slowed slightly from last month, it was better than expected. People originally thought that the European sovereign debt crisis might soon affect China's exports.
In terms of investment, China's urban fixed asset investment in the first eight months increased by 24.8% year-on-year, and the growth rate was only 0.1 percentage points lower than the previous seven months, showing a high level of stability.
In terms of consumption, the total retail sales of consumer goods in China increased by 18.4% year-on-year in August. Driven by better-than-expected automobile consumption, consumption growth accelerated by 0.5 percentage points from the previous month.
"The overall operation of the national economy is relatively stable, and the overall situation is good, and it continues to develop in the direction of macroeconomic regulation and control." Sheng Laiyun pointed out.
However, it is still necessary to fully understand the complexity of the current situation facing the Chinese economy. In August, the industrial growth rate rebounded by 0.5 percentage points. For the future trend of China's economy, it is still necessary to closely observe and respond to new situations and new problems in a timely manner.
Solar LED Street Light
High-brightness LED lamp beads, energy saving, even light, longer-lasting.
Polycrystalline Solar panels convert solar energy into electricity, more savings.
Build-in Lithium Iron Phosphate Battery, High-temperature Resistance and Long Lifespan.
ABS one-piece housing, high hardness, sealed, and waterproof. Rustproof, waterproof aluminum heavy-duty casing.
All in one solar street light,Solar Integrated Light,Radar Motion Sensor Street Light,1000W Solar Street Lights Outdoor
Shenzhen You&My Electronic Technology Co., Ltd , https://www1.youmyledlight.com