and News April 13, news of the State Council Information Office today held a press conference to introduce the first quarter of this year, the operation of the national economy, the State Statistical Bureau spokesman Sheng Laiyun. One-quarter of China’s GDP was 10.7995 trillion yuan, an increase of 8.1% calculated at comparable prices. Reuters has written that the 8.1% year on year growth in China’s first quarter economic hit their lowest level in nearly three years in the Chinese economic “structural adjustment” of the transition period, this growth rate is considered reasonable, and the overall economy is still soft landing process in.
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However, analysts believe that the data have been highlights of China’s economy is its weakness, the whole year in order to achieve the goal of “steady growth” pre-tune fine-tuning of macroeconomic policy in a timely manner, and even further increase the intensity to relax, have been more necessary.
“economic data, although slightly lower than the median market expectations, but also the forecast range, should not be too much impact on the market … the characteristics of China’s economic transition determine the reasonable range of China’s GDP growth of 6 -9%; the current economic growth rate is not low. “macro analyst at Shanghai Securities Huyue Xiao said.
National Bureau of Statistics released Friday, the first quarter of 2012 gross domestic product (GDP) grew 8.1%, 8.3% lower than the value of a Reuters poll, and hit the lowest year-on-year increase in nearly three years.
expected in the first quarter will be low for the year to maintain annual economic growth rate ‘low’ judgment, the annual growth rate of about 8.5% or more. “Bank of Communications (601,328, stock it), Senior macro analyst, said Tang Jianwei.
Bureau of Statistics spokesman Sheng Yun at a press conference also said that the troika in terms of stimulating economic growth, this year’s economic growth momentum is still low, are confident to maintain throughout the year moderately faster growth when China’s economy bottoming out is not important, the key is to maintain a high quality sustainable growth. “
Chinese government work report had to cut its 2012 GDP growth target of 7.5%, the consumer price index (CPI) or control at around 4%.
World Bank said earlier cut China’s economic growth forecast to 8.2% after 8.4%, to further consolidate China is expected to record the lowest annual growth rate of the views in the past 10 years.
data after the release of China’s stock market benchmark Shanghai Composite Index. SSEC once bottom, then rebounded and closed the morning session up 0.18%; the inter-bank bond market in early trading interest rate products yield down slightly after the data release, changed after small rises The momentum of overseas markets, Chinese economic data-sensitive Australian dollar tumbled 20 points, one-week highs.
Reuters – Google News