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by Xinhua writer Liu Xinyong
BEIJING Cheap Adidas Superstar 2.0 , July 12 (Xinhua) -- Ahead of Q2 economic data release,analysts are expressing confidence in China's growth momentum andits ability to attain annual economic goals.
Next Monday, the National Bureau of Statistics will hold a pressconference on economic performance and release a series ofimportant Q2 and June figures, including GDP, fixed assetinvestment, industrial production and retail sales.
The market consensus for Q2 economic growth is 6.8 percent,slightly lower than Q1 figure of 6.9 percent Cheap Adidas Superstar China , the fastest pace insix quarters on the back of robust factory activity, strongconsumption and rebounding exports.
The slight downward trend comes from government efforts torebalance the economy in pursuit of better quality and efficiency,including destocking, deleveraging and property curbs, according toRen Zeping, chief economist at Founder Securities.
Ren has forecast GDP growth to be 6.8 percent in Q2, 6.7 percentin Q3 and 6.6 percent in Q4.
Though the trajectory is not looking very good Cheap Adidas Superstar , it stillcorroborates the resilience and sound momentum of the economy.
If the projection is realized, the annual growth will be wellabove the government target of 6.5 percent.
"General economic stabilization does not mean that economicgrowth always holds at a specific level, but it may have mildfluctuations at a relatively stable level," said Li Wei, head ofthe Development Research Center of the State Council.
The economy is not short of stabilizing signs.
On Tuesday, the country's state asset supervising authorityannounced strong profit growth for centrally administeredstate-owned enterprises in first half, with combined profits up15.8 percent to 722 billion yuan (about 106 billion U.S.dollars).
The strong performance was attributed to improvement in theChinese economy, progress in supply-side structural reform andgovernment efforts to enhance their competitiveness.
The consumer price index, a main gauge of inflation, rose 1.4percent in the first half, much lower than the government target ofholding inflation at around 3 percent.
The producer price index, an important indicator of productionactivities, rose 6.6 percent in the first half, reversing a declineof 1.4 percent for last year.
Manufacturing activity also beat market expectations in June#9# asthe purchasing managers' index for the manufacturing sector stoodat 51.7 points in June, higher than 51 for the ninth month andpointing to continued expansion.
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09.04.2019 05:21
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