国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

August data shows Chinese economy's continued momentum

(Xinhua)
Updated: 2010-09-12 10:26
Large Medium Small

August data shows Chinese economy's continued momentum

People buy fruits in a supermarket in Qiqihar, Northeast China's Heilongjiang province, Sept 11, 2010. [Photo/Xinhua]

BEIJING - China's August economic data released Saturday gave relief to market participants, with the figures demonstrating the economy's continued momentum despite the government's tightening measures and moves to cool the property market.

Higher-than-expected growth in fixed asset investment, industrial production, retail sales and new loans, as well as the August trade data announced Friday, all pointed to the increasing strength of the Chinese economy.

Signs of re-acceleration

Related readings:
August data shows Chinese economy's continued momentum August macro economy statistics
August data shows Chinese economy's continued momentum Economy of brawn and brain
August data shows Chinese economy's continued momentum Economy in China got better and better
August data shows Chinese economy's continued momentum Is China already the world's largest economy?

August data shows Chinese economy's continued momentum Chinese economy to stabilize in Q4

China's industrial value-added output growth accelerated to 13.9 percent year on year in August from July's 13.4 percent growth, the National Bureau of Statistics (NBS) data showed.

The rebound was the first increase in the speed of growth in industrial value-added output this year, after seven consecutive months of decreases in the rate of growth as the government introduced  curbs on bank lending to energy-intensive industries and the property market.

"It is a good result," the NBS spokesman Sheng Laiyun said, adding the August output data was a mild rebound from the 13.4 percent growth in July and 13.7 percent growth in June, suggesting China's industrial production stabilized from fast expansion in the first half.

Retail sales growth accelerated to 18.4 percent in August. Urban fixed asset investment also maintained a strong growth in the first eight months, up 24.8 percent from a year earlier.

Further, an unexpected acceleration in China's imports last month pointed to strong domestic demand. Exports grew 34.4 percent year on year in August, slowing from July's 38.1-percent surge, while imports rose 35.2 percent in August, sharply up from the 22.7-percent increase in July, customs data showed Friday.

Zhang Liqun, a researcher with the State Council's Development Research Center, said the investment, consumption and exports data were good and suggested that China's economic growth rates will not decline significantly.

New yuan-denominated lending picked up to 545.2 billion yuan (US$80.53 billion) in August compared with the 532.8 billion yuan in July, the People's Bank of China, or the central bank, said in a separate statement Saturday.

China's broad money supply (M2), which covers cash in circulation and all deposits, increased 19.2 percent year on year by the end of August, up 1.6 percentage points from the end of July.

The rebound of M2 from July indicated that China's economic slowdown was not as rapid as expected, said Liu Yuhui, economist with the Chinese Academy of Social Sciences.

"The overall economy is stable and sound. It is heading in the direction expected and as set by the government's macro-economic controls," Sheng said.

Earlier figures showed that China's GDP grew 11.1 percent year on year in the first half of the year. But its economic growth rate slowed to 10.3 percent in the second quarter, from 11.9 percent in the first three months the year.

   Previous Page 1 2 3 Next Page  

陆川县| 五常市| 建昌县| 双鸭山市| 泰宁县| 喀喇沁旗| 托里县| 永福县| 江陵县| 北宁市| 囊谦县| 竹溪县| 交口县| 类乌齐县| 略阳县| 齐河县| 翼城县| 龙里县| 永州市| 宁武县| 阳东县| 广宗县| 清新县| 开鲁县| 浏阳市| 阜新| 曲阜市| 焉耆| 会东县| 丰县| 梧州市| 囊谦县| 安达市| 清新县| 治多县| 神池县| 泉州市| 忻城县| 彰化县| 扎兰屯市| 宁都县|