Make me your Homepage
    left corner left corner
    China Daily Website

    Big turnaround or just a dead-cat bounce?

    Updated: 2013-10-28 07:26
    By Zhou Feng ( China Daily)

    Gross domestic product in China grew 7.8 percent from July to September, the second-best performance since last year. The growth lifted the economy to a safe zone from what top policymakers deemed as the bottom line of 7.5 percent in the second quarter.

    It is now safe to say China will meet its yearly target of GDP growth of at least 7.5 percent. It is very likely that growth for the year will be around 7.6 percent, or even higher.

    But it is too early to celebrate, as economic figures in the third quarter delivered mixed messages. We need to see another quarter or two before we can answer this question: Is this economic rebound really solid and favorable?

    There were two positive improvements in the third quarter.

    The first is about manufacturing. A slew of indicators have shown that it is stabilizing. The official Purchasing Managers' Index hit a 17-month high of 51.5 points last month, showing that factories were turning on more machines thanks to better liquidity and more orders placed by Chinese and overseas buyers.

    Manufacturing was the best performer among the three major industries. It beat mining and facility industries in terms of added value. Last month, the growth of added value of the manufacturing sector was 11.1 percent. It was a continuation of the double-digit growth witnessed since the start of the third quarter. In the second quarter, growth was below 10 percent.

    Considering that China still counts a lot on manufacturing to propel economic growth and ensure employment, a rebound in the sector is a good sign.

    The other positive sign was about trade.

    With global demand rebounding, trade growth slightly recovered in the third quarter. Exports climbed 4 percent and imports 8.4 percent - better than the second quarter's 3.7 percent and 5 percent, respectively.

    Considering that the figures in the second quarter were artificially exaggerated because of speculative capital flows in the guise of foreign trade, especially in April, growth in the third quarter was remarkable. The speculative activities were checked only after authorities cracked down on fake trade and hot money flows slowed since May.

    But not everything was cheerful.

    China is still addicted to investment and the property market as a means to fuel the economy, a habit that is not helpful to China's economic restructuring.

    Previous Page 1 2 Next Page

     
    8.03K
     
    ...
    亚洲永久无码3D动漫一区| 中文字幕成人精品久久不卡| 久久久99精品成人片中文字幕| 少妇无码一区二区三区| 亚洲国产精品无码AAA片| 丝袜熟女国偷自产中文字幕亚洲| 亚洲AV无码久久精品成人 | 中文字字幕在线中文无码| 中文字幕无码高清晰| 潮喷大喷水系列无码久久精品| 一本一道av中文字幕无码| а中文在线天堂| 中文字幕无码日韩专区免费| 毛片免费全部无码播放| 久久久久亚洲av无码专区导航| 成人午夜福利免费无码视频| 中文字幕无码不卡免费视频| 一区二区中文字幕| 久久精品中文闷骚内射| 日韩一本之道一区中文字幕| 日产无码1区2区在线观看| 成人无码区免费A∨直播| 亚洲成a人片在线观看无码专区| 国产AV无码专区亚洲AV毛网站| 精品国产V无码大片在线看| 大蕉久久伊人中文字幕| 中文字幕av在线| 精品久久久久久无码中文字幕| 日本精品久久久久中文字幕8| 成人精品一区二区三区中文字幕| AV色欲无码人妻中文字幕| 久久亚洲中文字幕精品一区| 亚洲乱码中文字幕综合| 久久精品中文字幕久久| 国产中文在线观看| 我的小后妈中文翻译| 自慰无码一区二区三区| 无码av最新无码av专区| HEYZO无码综合国产精品227| 国产精品一区二区久久精品无码| 无码人妻丰满熟妇区五十路|