China Financial Daily

Development and Reform Commission: annual economic growth rate expected to reach 8.3%
On the 7th National Development and Reform Commission released on its Web site the current situation of China’s fixed asset investment overview. Investment director of the Institute of Development and Reform Commission, said Luo Yi, the first half of the actual growth rate of investment in fixed assets in more than 35%, the actual growth rate to remain high in history. Investment measured in accordance with the Institute, this year China’s fixed assets investment will maintain a rapid growth, annual economic growth rate will reach about 8.3 percent.

National Bureau of Statistics data show that fixed-asset investment in cities and towns throughout the first half of the funds in place 39 percent year-on-year growth, new projects with total planned investment growth of 87.3%.

The article said that out of a difficult situation to be in the doldrums, the first half of the Chinese economy still maintained a growth rate of 7.1% in the same period last year, of which the total amount of capital formation to promote economic growth 6.2 percentage points. To expand investment to stimulate economic growth is the most direct and effective means of.

Luo Yi, introduced from the first half of the actual situation, an urgent need to develop the national economy of the sector investment growth is faster. Investment in agriculture, forestry, animal husbandry and fishery rose 69 percent, 126 percent investment growth railway, water conservancy 65 percent investment growth, reflecting the structure optimization; private investment grew by 34.2%, private investment in a good situation; real estate investment in June there has been a marked pick-up . Zongxin

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