China's economy is currently operating better than expected, and the stimulus package launched by the central government has proved remarkably effective, Ma Jiantang, Commissioner of the National Bureau of Statistics (NBS), said on May 14. He also noted that these positive changes still need to be consolidated.
Ma told reporters at an interview conducted after a symposium on the implementation and enforcement of the "Provisions on Punishment on Illegal and Undisciplined Conduct in Statistical Work," that the economic data for April and the data for the first quarter creates a whole picture together indicating that positive changes have occurred in the economic operations of China.
According to statistics, urban fixed assets investment around the country rose by 30.5 percent year-on-year between January and April, 1.9 percentage points higher than the year-on-year increase of the first quarter. The total retail sales of consumer goods rose by 14.8 percent year-on-year in April, 0.1 percentage points higher than the year-on-year increase in March, as a result of escalating price drop. The added value from all state-owned and large non-state owned industrial enterprises rose by 7.3 percent year-on-year in April, one percentage point lower than the year-on-year increase in March, but still substantially higher than the level at the year-end of 2008 and early 2009.
With regards to the fact that the year-on-year growth rate of all state-owned and large non-state owned industrial enterprises in China in April being lower than the year-on-year growth rate in March, Ma said that statistics over the years indicate that the April figures have always been slightly lower than March, and they are currently studying the underlying cause.
"Next, we will further implement the measures and policies that the central government has already put forward. At the same time, we will seriously analyze and closely observe the economic situation and implement corresponding measures appropriate to address the situation," said Ma.
By People's Daily Online