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China'S Economy Further Stabilizes &Nbsp, And Is Expected To Achieve Price Adjustment Targets.

2010/9/13 16:07:00 55

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Statistics Bureau, China

the people

Data released by the bank on 11 showed that the economy was further stabilized.

In August, consumer price (CPI) rose 3.5%, an increase of nearly 22 months, a new RMB loan of 545 billion 200 million yuan, and M2 growth rate rebounded in August after 7 consecutive months of decline.

Analysts believe that the target of price control is expected to achieve around 3% throughout the year.

It is unlikely that the central bank will raise interest rates in the next year when prices may fall.

Sheng Yun Yun, a spokesman for the National Bureau of statistics, said that the increase in CPI in August was mainly due to the rising price of agricultural products. It is possible to achieve 3% target of price control throughout the year.

Data show that in August, the ex factory price of industrial products (PPI) rose 4.3%, down 3 consecutive months.

Above scale

Industry

The added value increased by 13.9% over the same period last year, 0.5 percentage points faster than that in July. In 1-8, the fixed assets investment in cities and towns reached 140998 billion yuan, up 24.8% over the same period last year, 0.1 percentage points lower than that in 1-7 months, and the total retail sales of social consumer goods in August totaled 12570 billion yuan, up 18.4% percentage points over the previous year, and accelerated by 0.5 percentage points over July.

For the rebound of some economic indicators such as industry, analysts believe that although the pick-up rate is small, it may mean that the economy has further stabilized.

In August, RMB loans increased by 545 billion 200 million yuan, up 124 and 134 billion 800 million yuan respectively from last month and the same period last year.

The M2 growth rate rebounded in August after 7 consecutive months of decline.

Data show that, at the end of 8, M2 grew by 19.2% over the same period last year, an increase of 1.6 percentage points higher than that in July, which is related to the increase in loan growth rate. It may also be enhanced by the expected appreciation of the RMB appreciation.

Looking forward to the whole year, analysts believe that the credit target of around 7 trillion and 500 billion yuan is expected to come true.

The increase in CPI3.5% once again led to speculation in the market for raising interest rates.

In response, a number of experts said that despite the high price increase in August, taking into account future price inflation is expected to fall smoothly, the economic operation is still uncertain, interest rates are unlikely to rise substantially, the year is still mainly to maintain stability.

But if prices continue to rise, it will not exclude the possibility that the central bank will raise the benchmark interest rate slightly, so as to improve the situation of negative real interest rates and manage inflation expectations.

With the steady fall in money and credit, the high level of required reserve ratio and the weakening of cross-border capital inflows, there is little possibility of further raising the reserve ratio.