GDP growth in six years, the first break of 7%

Updated: October 20, 2015  Views: 51

GDP growth in six years, the first break of 7%

Beijing Morning News (reporter Jiang Fan) 6.9%, which is the final result of the National Bureau of Statistics yesterday reported third-quarter GDP growth figures released i.e. attract everyone concerned: such results both within expectations, it makes some concern, although slightly better than previously expected 6.8%, but it is the first time since 2009 fell below 7%.

National Bureau of Statistics preliminary accounting, in the first three quarters of GDP 48.7774 trillion yuan, calculated at comparable prices, an increase of 6.9%, while 7% has been seen as an important juncture.

'The industry is expected third quarter GDP growth fell to 6.6% are possible, but the results are not so pessimistic.' Beijing Institute chief macroeconomic researcher Zhao Qingming, financial derivatives [microblogging] say, less than 7% of GDP is not terrible, After all, now perhaps more than the 6.9% increment of five years ago when 10% of the growth data show that 2010 full-year GDP growth of 10.6%, but the annual GDP of only 48.41 trillion yuan, less than The first three quarters of this year.

But the industry's concerns are not unreasonable in the National Bureau of Statistics released data show that both the real estate industry, the energy industry, or industry, or investment, has significantly decreased.

Although the real estate industry in the early spring of this year, but like before, scenery scene far not soon .1 to September, the national real estate development and investment 7.0535 trillion yuan, an increase of 2.6% nominal growth rate down 0.9 over the previous eight months percent, real estate sales 829.08 million square meters, an increase of 7.5%, the growth rate increased 0.3 percentage points over the previous August.

Investment is called one of China's economic troika also a bit tired .1 to September, private investment in fixed assets 25.5614 trillion yuan, up 10.4% nominal growth, the growth rate down 0.6 percentage points over the previous August. Some experts We believe that some companies lack confidence in the economy is an important cause of decline in investment.

It is worth noting that consumption growth for the industry to see the dawn of the Chinese economy, according to Bureau of Statistics data released in September total retail sales of social consumer goods grew 10.9%. Haitong macro analysis, consumption is still the mainstay.

'GDP growth rate dropped to 7%, but fell by only 0.1 percentage points, it should be said, or at about 7%.' NBS spokesman Sheng Yun in answering reporters' questions, he said that under Chinese economy in the new normal, shifting growth, structural optimization, power conversion, we are orderly manner, which also shows the adjustment in line with the law, in line with the direction of the transition, the development in line with expectations, the overall development trend of China's economy has not changed.

Related Links

Income in the third quarter outperformed GDP

Although GDP growth fell below 7 percent, but the consumer is still pulling the mainstay of China's GDP. Yesterday, the National Bureau of Statistics spokesman Sheng Yun in answering reporters' questions, said that the economy this year, a big bright spot is the country residents per capita disposable income continued to maintain a rapid growth, outperforming the GDP growth rate.

Data show that the first three quarters of residents per capita disposable income grew by 7.7%. Sheng to Win, said the reason why economic growth has slowed, but still maintain a rapid income growth, for many reasons, both There are deep-seated structural reasons, there are some specific reasons, in particular to increase and improve people's efforts with the Chinese government issued a series of policies and measures to promote income growth and gradually implement relevant.

The unemployment rate rose slightly in September

September, China Survey unemployment rate rose slightly yesterday, the National Bureau of Statistics spokesman Sheng Yun in answering reporters' questions, said that China September survey unemployment rate rose from 5.1% in August slightly to 5.2%.

However, Sheng Yun said that employment indicators overall performance is good, the first three quarters of new jobs exceeded planned targets throughout the year. The reason for September edged up over the previous two months, mainly in August and September being university graduates enter the labor market season, to a certain extent, increased the pressure on the labor market, but the main 25-year-old to 60-year-old employment survey unemployment rate is stable.

Revenue growth of 9.4% in September

Ministry of Finance announced yesterday September national fiscal income and expenditure, the national fiscal revenue growth was in the low speed.

In September, the National General Public budget income 1.0892 trillion yuan, an increase of 9.4 percent over the same month last year, an increase of 7.1% the same caliber .1 to September total, the national, central and local general public budget income increase of the same caliber were 5.4%, 5.6 %, 5.1% lower than last year, respectively 2.7, 0.4 and 5 percentage points, the national fiscal revenue growth was in the low speed. expenditure side, in September the National General Public budget expenditures 1.7799 trillion yuan, an increase over the same month last year 26.9%, an increase of 25% the same caliber.

Treasury said the economic downward pressure, PPI continued to decline and implement structural tax cuts and lower fees universality factors, growth in the fourth quarter, the central fiscal revenue pressure.


www.get-top-news.com Get Top News, Latest News and Current News from get-top-news.com. Latest Current News: U.S., China, World, Entertainment, Health, Finance, Business, echnology, Travel, Politics, Sports.

Related Finance