On September 14, at the press conference held by the state information office, the August economic data released by the National Bureau of statistics showed that China's industrial production was generally stable, the investment structure continued to be optimized, and consumption maintained rapid growth
"on the whole, the national economy continued to maintain a steady and positive development trend in August, showing a good pattern of steady growth, structural optimization and quality improvement." Liuaihua, spokesman of the National Bureau of statistics, said
the following are five characteristics of China's economic operation in August
the growth was stable. From the production side, the added value of industries above designated size increased by 6.7% year-on-year in the first August, 0.7 percentage points faster than the same period last year; The service industry production index increased by 8.3% year-on-year, 0.2 percentage points faster than the same period last year, of which the year-on-year growth in August was 8.3%, 0.9 percentage points faster than the same month last year. From the demand side, the total retail sales of consumer goods in January increased by 10.4% year-on-year, and the growth rate will be 0.1 percentage points higher than that of the next step. We will buy the international and domestic supply chains year-on-year; The investment in fixed assets increased by 7.8% year-on-year, and the investment growth was basically stable; Import and export continued to maintain double-digit growth
employment was good. In August, the urban unemployment rate in 31 major cities remained below 5%, slightly lower than that of last month. In January, 9.74 million new urban jobs were created, an increase of 260000 over the same period last year, a slight increase over the previous month
prices were moderate. In August, the consumer price index rose by 1.8% year-on-year and 0.4% month on month. "Whether compared with the same period in recent years or with some major economies in the world, China's prices are at a relatively moderate level." Liuaihua said
structure optimization from the perspective of industrial structure, in August, the added value of high-tech industry and equipment manufacturing industry increased by 12.9% and 11.6% year-on-year respectively, 0.8% and 0.9% faster than that of the previous month, and 6.9% and 5.6% faster than that of the industries above the scale and the utilization range of bacterial culture and biological analysis. At the same time, the growth rate of high energy consumption manufacturing industry slowed down by 0.4 percentage points, which means that Chinese manufacturing continues to move towards the middle and high end. Let's look at the demand structure. In August, the consumption of sports and entertainment products increased by 14.9% year-on-year, the consumption of communication equipment increased by 12.2% year-on-year, and the consumption of upgraded products increased rapidly. The trend of investment structure optimization is more obvious. In January, the investment in high-tech manufacturing industry increased by 19.5% year-on-year, and the investment in technological transformation of manufacturing industry increased by 11.4% year-on-year, which was also faster than that of the previous month. This shows that new industries and new products with high technology content, low resource consumption and in line with the direction of transformation and upgrading are growing rapidly, while the pace of transformation and upgrading of traditional industries is also continuing to accelerate
in the month of quality improvement, the general public budget revenue increased by 9.8% year-on-year, which continued to accelerate compared with the first half of the year. The fiscal revenue maintained an ideal growth rate this year
"from the five indicators of growth, employment, prices, structural optimization and quality and efficiency, the monthly economic growth continues to remain within a reasonable range, the structural adjustment continues to deepen, the overall quality and efficiency continue to improve, and the economic operation continues to maintain a steady and positive development trend." Liuaihua said
although some indicators have dropped, they are expected to be better.
the most interesting economic data in August is that the four main data of production, investment, consumption and export all fell year-on-year, and these four data fell for the second consecutive month
"although the industrial production has slowed down, the current growth should be said to be relatively stable regardless of the year-on-year and month on month growth." According to liuaihua's analysis, the added value of industries above designated size increased by 0.46% month on month in August, 0.05 percentage points faster than that in July. Even though the year-on-year growth rate was 6% in August and the growth rate dropped by 0.4 percentage points compared with the previous month, the small paper mills that are still heavily polluted were forced to withdraw from the market within the growth range of the past two years
why did industrial production slow down continuously in July and August
first, the negative impact of hot and rainy weather. The average temperature in August this year was 0.6 ℃ higher than the annual average temperature, and the rainfall was the third highest in the same period since 1961. The abnormal weather performance had a certain impact on the production of enterprises, and the number of industrial enterprises that stopped production for maintenance increased
second, structural adjustment has a great impact. In August, the added value of high energy consuming manufacturing industry increased by 2.9%, down 0.4 percentage points from last month
according to the analysis of liuaihua, on the one hand, due to the continuous promotion of domestic supply side structural reform, in August, PPI rose mainly from the aspect of means of production, which belongs to structural rise; On the other hand, it is the impact of changes in international commodity prices. For example, international energy prices rose by 4.4% in August; The prices of metals and minerals rose even more, by 8.2%, and the import impact can not be ignored
in addition to PPI, what will the economic trend be in the next four months of this year?
"it is expected to be better." Liuaihua analyzed that at present, China's economic foundation is stable and its vitality is also increasing. Since this year, a large number of new entities have continued to emerge. In August, the daily average number of newly registered enterprises reached 17000, continuing to increase on the basis of the rapid growth last year. In addition, new industries and new models are also developing rapidly. In January, the retail sales of non physical goods increased by 52.9% in the national retail sales. The growth of these new drivers has injected new impetus into economic growth. In addition, the manufacturing purchasing managers' index was 51.7% in August, above the critical point for 13 consecutive months; The non manufacturing business activity index is 53.4%, which remains in a relatively high boom range; The consumer confidence index is also at a relatively high level. "The foundation is more stable, the vitality is enhanced, expectations are better, the fundamentals of short-term economic growth have not changed, and the trend of China's economy making progress while maintaining stability and making progress while maintaining stability can be continued."