China'S Economic Soft Landing &Nbsp; Material Tightening Policy Remains Stable

China National Bureau of statistics released 15

According to data released today, China's GDP grew by 9.7% in the first quarter, down from 9.8% in the fourth quarter of last year, and 10.3% below last year's growth rate.

"This is a very ideal GDP growth rate, showing that economic development is in line with the goal of pformation," said Zuo Xiaolei, chief economist of Galaxy Securities.

Dong Xianan, chief economist of Beijing leading international financial corporation, told reporters that the overheated economy has been slowing down since the fourth quarter of last year, and the upward economic risks are being controlled.

In March, China's above scale industrial added value increased by 14.8% over the same period last year, indicating that industrial production has been slowing down steadily since the peak of May 2010 to May 2010, and the growth rate of fixed assets investment has dropped to 25%. Real estate sales are sluggish and the rapid growth of prices has been curbed. In the field of consumption, sales of residential and residential goods such as automobiles and furniture have begun to cool down. In the first quarter of this year, China's first deficit occurred in the first quarter of this year.

China's tightening policy since last year has been successful.

Officials are watching closely and are planning to take any harsh measures.

Li Jing, managing director of JP Morgan, believes that inflation in China will probably peak in mid - year and fall in the second half.

Zuo Xiaolei also believes that in the two quarter, the price of grain and vegetables that will contribute to CPI will slow down. The price of house will be loosened under the control policy. It is estimated that the CPI will slow down to 4.5% in the two quarter.

For the imported inflation proposed by the National Bureau of statistics, Dong Xianan said there is an interactive relationship between international commodities and domestic demand.

The rise in commodity prices in the fourth quarter of last year has both international and economic factors.

Imported inflation may be the main cause of inflation in China in the coming months.

Chinese officials have

Since the first quarter of last year, China has raised the deposit reserve for the nine time and raised interest rates for the four time in response to inflation.

Experts here say that inflation has hit a new high, and that the current tightening policy is expected to maintain its current strength or enhance it slightly.

Lu Zheng commissar, chief economist of Xingye Bank Capital Operation Center, thinks that there will be one or two increases in interest rates in the two quarter.

There is also a view that China will raise the deposit reserve ratio between one and two times and raise interest rates one time.

At present, China's sound and tight policy has been effective.

At the end of 3, the balance of broad money (M2) was 7 billion 580 million yuan, up 16.6% from the same period last year, down 3.1 percentage points over the previous year.

China's broad money growth has slowed for 3 consecutive months.

A few days ago, the State Council executive meeting stressed that we must do everything possible to keep the general price level basically stable, including the implementation of a sound monetary policy and the comprehensive use of policies and means such as open market operations, deposit reserve ratio, interest rates and so on, so as to maintain stable and healthy economic development.