Zhang Xiaoqiang: GDP Grew By About 8.4%&Nbsp In The First Quarter; CPI Rose By 3.5%.
Zhang Xiaoqiang, deputy director of the national development and Reform Commission, revealed at the Boao forum in April 3rd that according to the preliminary data of China's "relevant research institutions", China's GDP grew by about 8.4% in the first quarter, and the CPI rose by about 3.5%.
He said that this shows that China's economy has started well this year.
According to the data released by the National Bureau of statistics, the Bureau of statistics will announce the March CPI data in April 9th and publish the first quarter GDP data in April 13th.
At the same time, Zhang Xiaoqiang recalled the expected economic development targets set out in the government work report in 2012, of which GDP grew by 7.5%, CPI rose by 4%, foreign trade grew by 10%, and urban and rural residents earned 7.5% of the actual income.
Central bank monetary policy committee first quarter of the meeting will reveal the subtle signals
The central bank's monetary policy committee recently held a quarterly meeting that it should continue to implement.
Prudent monetary policy
We should comprehensively use various monetary policy tools to guide the steady growth of monetary credit and maintain a reasonable scale of social financing.
Compared with the past year, this meeting has changed to some extent the specific wording of monetary policy in the future. First, there is little expression of concern about the price rise. Secondly, the meeting stressed the need to guide the steady and moderate growth of monetary and credit. Some changes in the wording of these meetings highlight the current situation in China.
Macroeconomic situation
Subtle changes.
There are indications that the pressure of rising prices over the past two years is easing.
According to the National Bureau of statistics, China's CPI rose 3.2% in February, the first time it has dropped to below 4% in recent years.
Experts generally expect that the data will rebound slightly in March, but will still remain below 4%. The annual price increase of 4% is a probability event.
At the same time, the first two months were related.
economic data
It shows that both import and export, investment and industrial added value show signs of growth and decline. Especially in the past years, there will always be a substantial increase in the amount of money and credit. In the first two months of this year, there were signs of growth.
At the same time, the narrow money supply (M1) growth slowed sharply from 14% at the end of 2 last year to 4.3% at the end of 2 this year, and the growth rate of money supply in the market has slowed down significantly.
Economists believe that
Macroeconomic situation
The leading indicators, the growth of money and credit can often convey the strong and weak changes of business vitality and social aggregate demand in advance.
Behind the decline of the current monetary and credit growth, the reality is that the demand for corporate loans has weakened. It is precisely because of this complex situation that the central bank monetary policy committee in the first quarter stressed the need to guide monetary and credit growth steadily and moderately, and maintain a reasonable pattern of social financing.
However, it should be pointed out that investment growth in other manufacturing industries is still relatively stable while investment growth in infrastructure and real estate and related industries has declined.
China's Manufacturing Purchasing Managers Index released by authoritative departments shows that in March, China's PMI reached 53.1%, up 2.1 percentage points from the previous month.
It can be said that at present our country
price level
The economic growth is stable, and the economic and financial operation is in line with the macro-control expectation.
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