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China's economy operating in a reasonable range

(People's Daily Online)    10:07, May 15, 2015
(Photo source: Xinhua)

According to the latest economic data, released by the National Bureau of Statistics (NBS) on May 13, in April industrial production grew faster, investment structure improved and the total retail sales of consumer goods kept stable growth. Sheng Laiyun, spokesman of the NBS, said that the Chinese economy is still operating in a reasonable range.

The industrial production data show that in April, the national above-scale industrial added value had a 5.9 percent year-on-year growth, 0.3 percent up from March.

According to senior statistician of the NBS Jiang Yuan, the industrial production figures for April present two highlights: firstly, high-tech industry and emerging industry grew faster and have become an important force in industrial production growth; and secondly, high-end, smart and high-tech products that meet the requirements of consumption upgrade grew rapidly.

From January to April, a total of 1.9 trillion USD of fixed investment were made nationwide, a year-on-year growth of 12 percent, 1.5 percent down from the figure of the first quarter. Meanwhile, national policies began to take effect, with some industries experiencing a faster investment growth.

According to senior statistician of the NBS Wang Baobin, supported by a series of national policies, investment in infrastructure maintains a relatively rapid growth. From January to April, a total of 327 billion USD of investment was made in infrastructure, year-on-year growth of 20.4 percent, and 8.4 percent higher than total investment growth. Investment in infrastructure contributed 26.6 percent to total investment growth, 6.7 percent higher than the same period of last year.

In April, the total retail sales of consumer goods had a year-on-year growth of 10 percent, 0.2 percent down from this March. Lin Tao, senior statistician of the NBS, said that although the growth of the total retail sales of consumer goods had dropped a little, it still maintained stable growth. Along with the improvement of the consumption structure, newly-developing business will grow rapidly.

Sheng Laiyun said that due to the sluggish global economy, China still face many difficulties in expanding exports. Domestically, the growth rates of some indexes are dropping. Considering the falling PPI and imports, it takes a great effort to maintain stable economic growth. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Huang Jin)

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