日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

China's economy stabilizes in first quarter

By Wang Yanfei and Xin Zhiming (China Daily) Updated: 2016-04-14 03:24

 

China's economy stabilizes in first quarter

A stevedore works at Qingdao port in Shandong province, July 1, 2015. [Photo/IC]

China's economy has stabilized, according to latest growth data for the first quarter, with an official at the National Development and Reform Commission hailing this as an "auspicious start".

Although still at its lowest point for 25 years, the slowdown of the past two years has been arrested.

China's economy stabilizes in first quarter

Financial institutions are beginning to raise their forecasts for China made at the start of the year.

The GDP growth rate in the first quarter will not fall noticeably lower than last year's 6.9 percent, officials and analysts said.

"Almost all economic indicators improved in March," said an official from the National Bureau of Statistics. The average forecast by economists surveyed by Reuters is 6.7 percent.

Zhao Chenxin, spokesman for the National Development and Reform Commission, said major economic indicators show that the economic fundamentals have improved, although it is too early to say that the economy has started to bottom out.

In the first two months, fixed-asset investment increased by 10.2 percent year-on-year, up by 0.2 percentage points compared with the whole of last year. Investment in new planned projects increased by 41.1 percent in the same period year-on-year, the highest growth since 2010. "The trend has continued in March," Zhao said.

Prices of major raw materials, such as steel, have risen significantly and the producer price index, which gauges factory-gate prices, rose for the first time since January 2014 on a month-on-month basis, he said.

Corporate profits increased by 4.8 percent year-on-year in the first two months, reversing the trend of falling profit last year. It marked the first monthly increase since June, Zhao said.

Home sales and fiscal revenues also picked up in the first two months, the spokesman said.

China's exports rose by the most in a year and import declines narrowed, sending a clearer signal of stabilization in the nation's economy.

Exports rose by 11.5 percent in dollar terms in March year-on-year, compared with a 25 percent fall in February, when business activities cooled due to the weeklong Spring Festival holiday. Imports continued to fall, by 7.6 percent from a year ago, customs data showed.

Premier Li Keqiang said on Wednesday that China's economic growth is "still within an appropriate range and positive factors are increasing", according to a China Central Television report. But he also said that since the world economic recovery is fragile, China still faces challenges.

Normura economists said in a research note that China's railway freight and electricity consumption growth improved considerably in the first quarter, which reflects stabilized industrial production growth.

"These data are consistent with the improvement in trade data and point to a small improvement in real economy growth momentum, especially domestic demand, from stronger fiscal easing and increased property investment growth," the report said.

Keun Lee, an economist at Seoul National University, said he is confident in China's stable growth.

"A growth rate of 6 percent to 7 percent is suitable for China," he said on Wednesday on the sidelines of an economics forum organized by the Institute of World Economics and Politics at the Chinese Academy of Social Sciences. "So long as the decline is gradual, it will not be a problem for China."

Contact the writer at xinzhiming@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲香蕉在线观看 | 在线观看中文字幕视频 | 色播亚洲| 亚洲黄色在线视频 | 婷婷免费视频 | 91精品国产综合久久久久久 | 成人高清网站 | 色香蕉影院 | 91啦中文 | 91av视频在线播放 | 国产一区二区在线免费观看 | 免费成人黄色片 | 91桃色视频 | 欧美国产一级 | 九九九九精品 | 91麻豆精品国产 | 成人免费观看视频 | av色婷婷| 岛国av网| 日本成人性视频 | 超碰10000| 成人首页 | 亚洲综合激情网 | 91av在线免费观看 | 亚洲美女网站 | 影音先锋在线视频观看 | 美女十八毛片 | 日韩国产中文字幕 | 极品盗摄国产盗摄合集 | 国产精品久久久久久69 | 91高清免费| 久久精品无码一区二区三区 | 一级片在线 | 一区二区三区四区视频 | 欧美中文字幕一区 | 国产chinese男男网站大全 | 免费av网站在线看 | 免费观看黄色片子 | 视频在线观看一区 | 亚洲综合五月天 | 亚洲欧美强伦一区二区 |