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Five major statistics on the current economic situation

Five major statistics on the current economic situation

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The main economic data released by the National Bureau of Statistics on the 14th showed that despite the short-term fluctuations in the growth rate of some indicators, the growth rate of manufacturing investment has rebounded for three consecutive months, and the annual task of urban new employment has been completed by nearly 80%. Positive signal.

How to judge the current economic situation? What is the trend of economic operation in the next stage? Liu Aihua, a spokesperson for the National Bureau of Statistics, interpreted the news conference at the National New Office.

Look at the operation: maintain overall stability, steady development

Statistics show that in July, the growth rate of industrial added value and other indicators fell back from last month.

How do you view the short-term fluctuations of the indicator? Liu Aihua said that fluctuations are more common between months. Judging the economic situation, we should consider the general trend from the overall situation and better grasp the trend and direction of economic development.

According to Liu Aihua, industrial production was generally stable. From January to July, the added value of industrial enterprises above designated size increased by 5.8% year-on-year, and the added value of High-tech manufacturing industry increased by 8.7%, which was 2.9 percentage points faster than that of all industries above designated size. In addition, investment grew steadily, with fixed asset investment increasing by 5.7% from January to July, which was basically the same as in the previous months. Among them, manufacturing investment increased by 3.3%, and rebounded slightly for three consecutive months.

[Industrial development continues to escalate, domestic demand is optimized and expanded, foreign investment and foreign investment have accelerated, and employment prices have been generally stable. Whether it is judged from production demand or employment price, the current economic operation remains generally stable and stable. She said, but we must also see that the current external environment is severely complicated, the downward pressure on the domestic economy is increasing, and the foundation for sustained and healthy economic development needs to be consolidated.

Look at consumption: huge potential is gradually releasing

In July, the total retail sales of consumer goods increased by 7.6% year-on-year, and the growth rate dropped by 2.2 percentage points from the previous month.

[The main reason for the decline is the change in automobile sales." Liu Aihua analyzed that many manufacturers and dealers took promotion activities in June due to the conversion of automobile emission standards. In June, automobile sales increased by 17.2% year-on-year. Car sales fell by 2.6% in July due to consumption shifts or a certain overdraft effect. After deducting the impact of auto retail sales, the total retail sales of consumer goods in July increased by 8.8% year-on-year, and the growth rate was basically the same as last month.

She said that catering revenues maintained steady and rapid growth. The growth rate of retail sales of consumer goods, including entertainment and entertainment products, continued to accelerate, and the growth rate of service consumption remained at double-digit. On the whole, consumption continued to maintain steady and rapid growth.

In the next step, consumption still has a stable foundation. Liu Aihua analyzed that China's consumption potential is huge, and the rapid growth of residents' income also supports consumption. At the same time, new models such as sinking markets and community e-commerce have gradually emerged, consumer facilities have become increasingly sophisticated, and the consumer environment has continued to improve. In addition, platform economic development will support consumption in terms of industry and supply. The huge consumption potential is gradually being released, and consumption has the basis and conditions for maintaining steady and rapid growth.

Looking at employment: the job market is generally stable

Statistics show that from January to July, 8.87 million new jobs were created in cities and towns nationwide, and 79% of the annual plan was completed. In July, the national urban survey unemployment rate was 5.3%, up 0.2 percentage points from the previous month.

[The rise in the unemployment rate is mainly due to the arrival of the graduation season, and graduates are concentrated in the job market." Liu Aihua said that the total number of college graduates this year reached 8.3 million. Judging from the experience of previous years and the current monitoring data of colleges and universities, college graduates have gradually found employment units and are gradually implementing them. With the advancement of employment, the future survey of unemployment rate data will be reflected.

The data also showed that the unemployment rate of the population surveyed between the ages of 25 and 59 was 4.6%, which was the same as last month. She analyzed that the unemployment rate of the 25-59-year-old employment subject was the same as that of the previous month, which also showed that the current job market was generally stable.

Look at prices: prices are stable and stable

In July, the national consumer price rose by 2.8% year-on-year, an increase of 0.1 percentage points over the previous month. Among them, the price of some foods such as pork and fresh fruit increased significantly.

Liu Aihua analyzed that overall, the current price increase is relatively mild, and the increase is mainly due to food prices. With the large-scale listing of seasonal fruits in summer, the prices of fresh fruits generally have downward positive conditions. Relevant departments and local governments are currently taking measures to ensure market supply and stabilize pork prices. As these measures have gradually taken effect, pork prices have a stable basis.

[Whether it is from food, industrial products, services, or from terms of monetary conditions and import factors, the overall price level has a foundation and conditions to maintain a relatively stable situation," she said.

Look at the trend: the next stage of economic growth has a solid foundation

In the face of complex domestic and international situations, can China's economy move forward steadily? Liu Aihua believes that a series of policy measures, such as countercyclical adjustments adopted by China this year, are gradually becoming effective.

She said that the company's sense of gaining tax cuts and fees has increased. According to a survey conducted by the National Bureau of Statistics, 52.2% of enterprises in the second quarter believed that they enjoyed the tax reduction and fee reduction, which was 3 percentage points higher than the first quarter. At the same time, the vitality of the microscopic subject is constantly increasing From January to July, the number of newly registered enterprises per day reached 19,600, of which 21,300 were in July. In addition, new kinetic energy is constantly gathering and growing. The latest data shows that in 2018, China's "three new" economic value added accounted for 16.1% of GDP, an increase of 0.3 percentage points over the previous year.

"From the perspectives of economic power, vitality and policy dividends, there is a solid foundation for economic growth in the next stage." Liu Aihua said: We must strengthen our confidence, maintain our strength, and pay close attention to the implementation of the "six stable" policy, strengthen innovation drive, and stimulate market vitality. We must do our own thing and promote sustained, healthy and stable economic development.

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