Scholars have analyzed Chinese macroeconomic data in August to stabilize the first solid foundation

Scholars have analyzed Chinese macroeconomic data in August to stabilize the first solid foundation – Beijing Beijing in September 14 Beijing Xinhua (reporter Ma Haiyan) by the Renmin University of China and the National Development Strategy Research Institute sponsored the "China macro economic forum" held in Beijing 14 monthly data analysis. Experts pointed out that in August, China macroeconomic continued after the emerging phenomenon of stabilization, but the stabilization of the foundation is not solid, macro economic risk is still in the accumulation phase. Associate Professor, School of economics, Renmin University of China, Fan Zhiyong, on behalf of the task force released a monthly analysis of macroeconomic data in August. According to the report, to stabilize the macroeconomic phenomenon: the producer price index fell by a further narrowing of growth rate from negative to positive, the industrial sector showed signs of recovery emerged; the dollar denominated export decline narrowed, the RMB denominated exports for 3 consecutive months of positive growth, improve the effect of the devaluation of the Renminbi early on trade; industry production rose steadily, an mom showed up slightly in August, year on year growth of 6.3%, growth of 0.53%; August Manufacturing Purchasing Managers Index reached 50.4, reversing the previous consecutive months of decline, the indirect support of manufacturing recovery judgment. At the same time, the macro economic recovery is still unstable, mainly reflected in two aspects: one is the lack of consumption demand, the consumer price index in August year-on-year growth rate of 1.3%, the lowest level since 2016, the consumer price index downward trend has not been reversed; two is the scale of social financing and broad money growth in the downlink channel. Scale of social financing growth in July was 12.2%, down 0.9 percentage points from the beginning. Fan Zhiyong said that the macroeconomic risk is still in the accumulation phase, we suggest that monetary policy adjust, increase investment incentives, moderate weakening fiscal revenue targets, preventing local government through increased tax collection and non tax, increasing the burden to the enterprise. Investment oriented financial expenditure should be oriented to the people’s livelihood, accelerate the construction of large welfare system using active fiscal policy, the development of the use of fiscal policy easing orientation increase the pension industry, health industry and high-end service industry, the release of the corresponding demand. (end)相关的主题文章: