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Staying on Target (3)

(Beijing Review)

14:03, August 22, 2012

According to NBS figures, in the first half of this year, fixed-asset investment rose by 20.4 percent, a decline of 5.2 percentage points from last year.

The real economy is hence affected. In the first half, the average daily power generation, rolled steel output and crude oil processing saw sharp declines, indicating the lackluster prospects for business operations of enterprises. In June, the purchasing managers index (PMI) stood at 50.2 percent, 0.2 percentage points lower than that of previous month.

Liu Yuanchun, Vice Dean of the School of Economics of Renmin University of China, said the latest economic slowdown is mainly caused by external factors. "Under the background of globalization, world economy deeply affects the Chinese economy," Liu said.

【1】 【2】 【3】 【4】 【5】 【6】



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