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< p > although many economic data are lower than expected, the risk of economic downside can be controlled, and repeated economic recovery is a normal phenomenon. Steady growth and wide currency are still the main keynote.

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< p > < a href= "http:// www.91se91.com/news/index_c.asp > > Statistical Bureau < /a > August 13th, 2014 July macro economic data.

In July, the growth rate of industrial added value was 9% year-on-year, down 0.2 percentage points from June, and the cumulative growth rate of fixed asset investment in June was 17%, down 0.3 percentage points from 1-6 months. The real estate growth rate was 13.7% over the same period last year, which was 0.4 percentage points lower than that in 1-6 months.

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< p > July month < a href= "http:// www.91se91.com/news/index_c.asp" > consumption < /a > year-on-year growth rate of 12.2%, a real increase of 10.5% after deducting price factors, and the growth rate was 0.2 percentage points lower than that of 6 months.

In July, generating capacity was 504 billion 800 million kwh, an increase of 3.3% over the same period last year, with an increase of 5.7%.

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< p > the central bank released credit data 13 days ago.

In July, the new RMB loan was 385 billion 200 million yuan, not only less than 314 billion 500 million yuan, but also the lowest since 2009 November, and the scale of social financing was 273 billion 100 million yuan, which was 1 trillion and 690 billion yuan and 546 billion yuan less than that in June and the same period last year, and the worst since October 2008.

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< p > < a href= "http:// www.91se91.com/news/index_c.asp > > economic data < /a > has undoubtedly poured cold water on investors who are full of confidence in the recovery of the economy. Once again, let us soberly realize that the foundation for economic recovery in the two quarter is still not strong enough.

Under the influence of factors such as industrial production capacity is far from over and real estate boom is declining, monthly fluctuations of economic data can be understood.

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Corresponding to P, future economic stimulus measures and moderately loose monetary policy are worth looking forward to.

Under the policy of relaxing the restriction of real estate purchase and the targeted investment of high speed rail, UHV and shanty towns, the annual economic growth rate is likely to remain at around 7.5%.

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< p > from the central bank's early opening of the credit line in August, it keeps 30 billion yuan increments per day, that is, the new credit will reach 900 billion yuan in August, much higher than the 385 billion 200 million yuan in July.

It is expected that some economic data will still have short-term fluctuations in the future, but the risk of economic downside can be controlled, and the stabilization and recovery of the economy will remain the most favorable environment for the stock market.

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