男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

News >China

August data shows Chinese economy's continued momentum

2010-09-12 10:26

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

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  

Related News:

主站蜘蛛池模板: 大兴区| 项城市| 上杭县| 含山县| 叙永县| 棋牌| 兴义市| 金昌市| 隆回县| 昂仁县| 昭苏县| 永胜县| 丽水市| 木里| 卫辉市| 舒兰市| 绥中县| 婺源县| 新源县| 克什克腾旗| 阳曲县| 钦州市| 清水县| 杭锦旗| 唐山市| 崇仁县| 吉木乃县| 仙居县| 商城县| 奉新县| 化德县| 洛阳市| 平安县| 西平县| 峡江县| 塔河县| 房产| 信丰县| 阳谷县| 神农架林区| 西乡县| 漾濞| 凤台县| 祁连县| 涟源市| 新龙县| 大同市| 古田县| 温泉县| 胶南市| 遂溪县| 定远县| 阿坝县| 海宁市| 鄂州市| 吉安市| 如东县| 南丰县| 永顺县| 综艺| 微博| 于田县| 西盟| 高安市| 霍山县| 鄢陵县| 洪雅县| 陆川县| 正定县| 横山县| 华池县| 崇义县| 伽师县| 盐源县| 阿坝| 恩平市| 库车县| 隆昌县| 镇雄县| 长乐市| 平昌县| 元朗区|