China's economy still have more downward pressure
The total foreign trade during the first quarter fell 24.9 percent year-on-year
Although the National Bureau of Statistics yesterday released the first quarter of China's economic indicators better than expected, but a severe decline in the import and export has yet to reverse the trend. A drop in demand caused exports fell enterprises, financial income, employment difficulties, the economy is still down there is a big pressure.
Exports decreased by 19.7%
Decline in exports is the major difficulty in large
The first quarter of the total foreign trade import and export of 428.7 billion U.S. dollars, up 24.9 percent decline. Among them, the export of 245.5 billion U.S. dollars, down 19.7 percent; 183.2 billion U.S. dollars of imports, down 30.9 percent. Import and export balance, a surplus of 62.3 billion U.S. dollars, an increase of 20.9 billion U.S. dollars. And China manufacturer still have big pressure for sale products .
National Bureau of Statistics spokesman Li Chao said that the international financial crisis, export demand is a larger decrease in the national economy in the operation of the main difficulties. Disruption caused by export demand declined enterprises, reduce its revenue and increased employment difficulties, the Chinese economy down there is a greater pressure.
New loans 4580000000000
Will not cause prices
The first quarter of the national financial institutions, loans 34.9555 trillion yuan, 4.5812 trillion yuan increase in the beginning of the year, by 3.2485 trillion yuan more than the same period last year; the deposit balance of 52.2619 trillion yuan, 5.6163 trillion yuan increase in the beginning of the year, by 2.9787 trillion yuan more than the same period last year. Broad money supply growth of 25.5%.
Increase the money supply, the industry worried about the future will cause upward pressure on prices.
Li Chao has said that subject to the following three conditions, the overall level of prices will not rise. First, it has yet to reach the needs of society caused by the total supply and total demand imbalance, prices subject to the control; Secondly, the international price level is still low; the third, agricultural products, especially the more abundant food supply, which will help stabilize prices.
Yao Jingyuan, chief economist of the National Bureau of Statistics that this year prices are likely to stay in the stable low state.
CBRC Chairman Liu said, it is necessary to scientifically grasp the rhythm of credit, do insist on credit and risk management capacity, professional qualities and experience to match resources with clients, project reserves, market segments that match with the client's effective match the demand for credit, and capital adequacy, the provision level and the prospects for capital match added to maintain credit support for economic sustainability.
28.8% investment growth Will increase investment in the second quarter
A quarter of total fixed asset investment grew 28.8 percent, an increase higher than the same period last year and the level of last year. Fixed-asset investment growth accelerated, but also urban and rural areas of "double speeding up."
Li Chao said that the domestic demand, including investment demand, investment demand has a direct expansion of the characteristics of a direct effect. The expansion of domestic demand in China there is a direct manifestation of a significant portion of investment demand in the. "The current view of future investment will maintain the momentum of rapid growth." He said.
Yao stressed that the first quarter to accelerate investments in climate is still not enough to achieve the ideal of circumstances, construction of the north is not easy. Therefore, after the second quarter, climate warming, will increase the growth rate of investment in fixed assets.
The total foreign trade during the first quarter fell 24.9 percent year-on-year
Although the National Bureau of Statistics yesterday released the first quarter of China's economic indicators better than expected, but a severe decline in the import and export has yet to reverse the trend. A drop in demand caused exports fell enterprises, financial income, employment difficulties, the economy is still down there is a big pressure.
Exports decreased by 19.7%
Decline in exports is the major difficulty in large
The first quarter of the total foreign trade import and export of 428.7 billion U.S. dollars, up 24.9 percent decline. Among them, the export of 245.5 billion U.S. dollars, down 19.7 percent; 183.2 billion U.S. dollars of imports, down 30.9 percent. Import and export balance, a surplus of 62.3 billion U.S. dollars, an increase of 20.9 billion U.S. dollars. And China manufacturer still have big pressure for sale products .
National Bureau of Statistics spokesman Li Chao said that the international financial crisis, export demand is a larger decrease in the national economy in the operation of the main difficulties. Disruption caused by export demand declined enterprises, reduce its revenue and increased employment difficulties, the Chinese economy down there is a greater pressure.
New loans 4580000000000
Will not cause prices
The first quarter of the national financial institutions, loans 34.9555 trillion yuan, 4.5812 trillion yuan increase in the beginning of the year, by 3.2485 trillion yuan more than the same period last year; the deposit balance of 52.2619 trillion yuan, 5.6163 trillion yuan increase in the beginning of the year, by 2.9787 trillion yuan more than the same period last year. Broad money supply growth of 25.5%.
Increase the money supply, the industry worried about the future will cause upward pressure on prices.
Li Chao has said that subject to the following three conditions, the overall level of prices will not rise. First, it has yet to reach the needs of society caused by the total supply and total demand imbalance, prices subject to the control; Secondly, the international price level is still low; the third, agricultural products, especially the more abundant food supply, which will help stabilize prices.
Yao Jingyuan, chief economist of the National Bureau of Statistics that this year prices are likely to stay in the stable low state.
CBRC Chairman Liu said, it is necessary to scientifically grasp the rhythm of credit, do insist on credit and risk management capacity, professional qualities and experience to match resources with clients, project reserves, market segments that match with the client's effective match the demand for credit, and capital adequacy, the provision level and the prospects for capital match added to maintain credit support for economic sustainability.
28.8% investment growth Will increase investment in the second quarter
A quarter of total fixed asset investment grew 28.8 percent, an increase higher than the same period last year and the level of last year. Fixed-asset investment growth accelerated, but also urban and rural areas of "double speeding up."
Li Chao said that the domestic demand, including investment demand, investment demand has a direct expansion of the characteristics of a direct effect. The expansion of domestic demand in China there is a direct manifestation of a significant portion of investment demand in the. "The current view of future investment will maintain the momentum of rapid growth." He said.
Yao stressed that the first quarter to accelerate investments in climate is still not enough to achieve the ideal of circumstances, construction of the north is not easy. Therefore, after the second quarter, climate warming, will increase the growth rate of investment in fixed assets.
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