China Financial Daily

Academy of Social Sciences Experts: moderately relaxed monetary policy should be translated into concrete quantitative targets
Central Politburo meeting held not long ago pointed out, China’s economic development is a key rebound in the stabilizing period, the macro-policy orientation can not be changed, control work can not be relaxed, more focused regulation. Accurately determine macro-economic situation, earnestly implement the central decision-making arrangements to stabilize the economy picked up momentum for the consolidation to achieve targets for this year’s economic and social development of great significance.

To stabilize our economy rebound, but not yet solid

Since the fourth quarter of 2008, in order to cope with the international financial crisis, the impact on China’s economy, the central authorities issued a series of macroeconomic policies and a package of measures to stimulate economic growth. After several months of efforts, China’s economy has emerged from the cold-warming, positive changes in development of the situation is better than expected. Following main features: the economic growth rate stabilized up. The fourth quarter of last year, China’s GDP grew by just 6.8% in the first quarter of this year, then declined slightly over the previous year grew by only 6.1%; the second quarter of this year, GDP growth rate up again, reaching 7.9% in the first half totaled 7.1%. Agricultural production situation, the summer increase for six consecutive years. Reversing a sharp drop in industrial growth momentum, steadily. From January to February this year, industrial growth was only 3.8%, to June rose by 10.7%. The consumer goods market in good condition. The first half of the total retail sales of social consumer goods increased by 15.0 percent after deducting price factors, the actual growth of 16.6%, up 3.7 percentage points. Investment in fixed assets continued to grow rapidly. In the first half, total fixed asset investment grew 33.5% over the same period last year to speed up 7.2 percentage points. To maintain low prices, running, gradually ease deflationary pressures. The employment situation of migrant workers is better than expected. To return home during the Spring Festival for more than 90% of migrant workers to re-work outside the home, and has been basically to find a job, do not go out most of the migrant workers have also been in the local employment market. The stock market, the real estate market pick up signs.

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