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Staying on Target (4)

(Beijing Review)

14:03, August 22, 2012

Effective measures

Lian Ping, chief economist at the Bank of Communications, said with recent government measures, both external and domestic demands have started to recover since May, and economic growth is expected to pick up in the third quarter.

Policies promoting investments are producing results. In late May, the National Development and Reform Commission approved a number of major investment projects. With implementation of these projects, growth of fixed-asset investment is expected to pick up in the third quarter.

Bank of Communications' report said year-on-year growth of retail sales of consumer goods had been in decline since the end of last year, dropping from 17 percent to 14.5 percent in May. But with real estate transactions on the rise and subsidies to energy-saving home appliances being implemented en masse, consumption growth begins to pick up.

【1】 【2】 【3】 【4】 【5】 【6】



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