China'S Economy: Opening Up In The First Quarter

Zhang Gaoli, vice premier of the State Council, said at the 2016 annual meeting of China Development Forum, that the main economic indicators in the first half of this year from 1~2 to the beginning of March will be in the right direction. The first quarter will be a good start.

In March, more than half of the official economic data in the first quarter have not yet been released, and the outside world is full of expectations for China's economic performance in the first quarter.

Yesterday (March 20th), Vice Premier Zhang Gaoli of the State Council said at the 2016 annual meeting of China Development Forum, that the main economic indicators in the first half of this year from 1~2 to the beginning of March will be in the right direction. The first quarter will be a good start.

Pan Jiancheng, deputy director of the China Economic Prosperity Monitoring Center of the National Bureau of statistics, told the media that China's economic "boundless and boundless sky" should be interpreted as better quality and efficiency, more optimized structure, and not simply understood as a marked increase in the growth rate.

In response to the current international voice of China's economy, Zhang Gaoli said, "I respond to them with a set of numbers."

Zhang Gaoli said that in 1978, when China implemented reform and opening up, the GDP scale was only 365 billion yuan, and the per capita GDP was 254 dollars; during 1978~2010, the growth rate of GDP was 9.9%; in 12th Five-Year, the growth rate of GDP was 7.8%.

Last year, the scale of GDP reached 10 trillion and 860 billion US dollars.

The same period was $17 trillion and 900 billion.

For the external concerns this year, China's first quarter economic situation,

The main economic indicators in the first half of this year from 1~2 to the beginning of March will be developing well, such as electricity consumption, electricity consumption, employment, fixed asset investment, fiscal revenue, disposable income of urban and rural residents and money supply.

For solid investment, the data released by the National Bureau of statistics in March 12th showed that in 2016 1~2, fixed asset investment (excluding farmers) was 38008 billion yuan, an increase of 10.2% over the same period last year, a slight rise compared with the level of last year, ending 20 consecutive months.

In addition, this year 1~2 months, real estate sales area and sales rose nearly 30%, driving real estate investment growth for the first time in two years, up to 3%.

But Zhang Gaoli also pointed out that

Development has entered a new era and is facing new challenges.

He said, "we will not avoid the downward pressure on China's economy at all."

On March 16th, Premier Li Keqiang of the State Council, when he met with Chinese and foreign journalists who interviewed the four session of the twelve National People's Congress and answered the questions raised by reporters, also said that the world economy is now recovering from fatigue, and China's economy will be deeply integrated into the world economy, which will be affected and impacted.

China's economy itself is also undergoing pformation. Some long-standing contradictions are highlighted, so the downward pressure is indeed increasing.

But Li Keqiang said at the same time, "I remember some foreign media reports before that it was a heavy chemical enterprise in China, and felt the economic downturn, and to the science and Technology City, the scene there was hot, as if the economy was still growing in two figures, which is similar to some of the feelings we went down to research.

In essence, it shows that China's economy is both difficult and desirable. If we look at the chassis and the general trend, we hope more than difficulties. "