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Sheng Laiyun pointed out that from the economic index in July, there have been many positive changes in the operation of the national economy. First, the confidence in production increased. In July, the China Manufacturing Purchasing Managers Index (PMI) was 50.3%, a slight increase of 0.2 percentage points from June. Second, the value-added of industrial enterprises above designated size increased by 9.7% year-on-year in July. The speed has increased faster than last month.
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0.8 percentage points, related power generation and usage have rebounded.
Sheng Laiyun further stated that the external environment of the Chinese economy has also improved, the US economic recovery has been better than expected, the Japanese economy has shown signs of improvement, the European economy has stabilized, and China’s exports have recovered in July.
Sheng Laiyun stressed that in the face of economic downward pressure, the Chinese government has introduced some policy measures, such as strengthening urban infrastructure construction, environmental protection, information consumption, further reducing the tax burden on small and micro enterprises, and accelerating the process of RMB interest rate marketization reform, as long as In the implementation of these policies, the Chinese economy will continue its steady progress in the first half of the year.
Sheng Laiyun also analyzed the situation of local government debts that have received much attention from the outside world. "Many people are not very optimistic about the trend of the Chinese economy in the later period. The important reason is that local debt risks are out of control. Although China's local government debt exists, it is currently It is controllable."
Sheng Laiyun cited the data released by the National Audit Office. Although 36 local government debts increased by 12.9% from 2010 to the end of 2012, 12 of them had a debt balance of 141.742 billion yuan at the end of 2012 compared with 2010. Although the total debt of the region has increased, the increase is decreasing. Overall, the proportion of China's local debt to GDP is still within the safe range.
Ma Jun, chief economist of Deutsche Bank Greater China, published a research report yesterday, raising the forecast for China's GDP growth in the second half of this year.
The report pointed out that many indicators since July indicate that the Chinese economy has begun to stabilize and rebound. Therefore, the report will increase the GDP growth forecast for the third and fourth quarters of this year to 7.7% and 7.8% from the previous 7.5% and 7.7%, respectively. The forecast for half-year GDP growth has been raised from 7.6% to 7.7%.
Bureau of Statistics: 7.5% economic growth target can be achieved
Summary of the National Bureau of Statistics spokesperson Sheng Laiyun said at the briefing on China's macroeconomic situation yesterday that China's economy has shown positive changes and more obvious signs of stabilization. China can achieve the economic growth target of 7.5% at the beginning of the year, and local government debt is also Within the controllable range.
Sheng Laiyun, a spokesperson for the National Bureau of Statistics, said at a briefing on China's macroeconomic situation yesterday that China's economy has shown positive changes and more obvious signs of stabilization. China can achieve the economic growth target of 7.5% at the beginning of the year, and local government debt is also available. Within the control range.