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Open The Ideal Door To A Clean Area
After the 18th National Congress of the Communist Party of China, China's macroeconomic policies will maintain continuity.
The first Central Economic Work Conference after the transfer of power from the top leadership of the Communist Party of China will be held soon. Many economists interviewed said that after the 18th National Congress of the Communist Party of China, China's macroeconomic policies will maintain stability and continuity, and will continue to implement macroeconomic policies aimed at "stable growth" next year, including "proactive" fiscal policies. Policy and "prudent" monetary policy, the expected economic growth target may be set at 7.5.
2018-06-22
The first Central Economic Work Conference after the transfer of power from the top leadership of the Communist Party of China will be held soon. Many economists interviewed said that after the 18th National Congress of the Communist Party of China, China's macroeconomic policies will maintain stability and continuity, and will continue to implement macroeconomic policies aimed at "stable growth" next year, including "proactive" fiscal policies. Policy and "prudent" monetary policy, the expected economic growth target may be set at 7.5.
The report of the 18th National Congress of the Communist Party of China proposes to double the GDP by 2020 compared with 2010. This means that during this period, the average annual growth rate of China's economy cannot be lower than 7.2. According to preliminary verification by the National Bureau of Statistics, China's economy grew by 9.3 percent in 2011. China has set an expected economic growth target of 7.5 per cent in 2012, and the real economic growth rate for the whole year is expected to be between 7.5 and 8 per cent.
A series of economic data from September to October show that China's economy has clearly bottomed out and stabilized. It is expected that the fourth quarter of this year will stop the decline in growth for seven consecutive quarters. In the first three quarters of this year, China's economic growth rate was 8.1, 7.6 and 7.4 respectively.
Zhang Liqun, a researcher at the Macroeconomic Department of the Development Research Center of the State Council, said that the recovery of major developed economies such as the United States, Europe and Japan continues to be weak, and it is difficult for China's exports to make a big improvement. In addition, domestic inflationary pressures have significantly weakened. Next year, China's macroeconomic policy will continue to focus on "steady growth." As the primary goal, and actively promote deep-seated economic structural adjustments to accelerate the transformation of economic development.
According to data released by the National Bureau of Statistics, China's CPI index rose 1.7 per cent in October from a year earlier, falling to its lowest point in 33 months, the PMI index returned to above the "dry line", the industrial producer price index (PPI) fell 2.8 per cent from a year earlier, and the month-on-month index "turned positive" for the first time since May this year ".
China's investment growth is also stabilizing. Fixed asset investment (excluding farmers) rose 20.1 per cent year-on-year in January-May, 20.4 per cent in January-June and 20.7 per cent in January-October. The growth rate of manufacturing investment has remained at about 23%, which is higher than the overall investment growth rate.
As one of the important weather vane of China's economy, the real estate market is also stabilizing. Affected by the sales situation of the real estate market, since April this year, the growth rate of real estate investment has continued to decline, but from January to October, real estate investment increased by 15.4 year-on-year, and the growth rate was the same as that from January to September. With the improvement of the real estate market, the sales of furniture, household appliances and decoration materials closely related to the purchase of houses have also begun to improve, which has strongly promoted the growth of retail sales of consumer goods.
