(Photo by Xinhua News Agency)

"China's economy shows no much sign yet of slowing down." Ning Jizhe, the deputy director of National Development and Reform Commission explained the current macroeconomic situation in China at the briefing held by The State Council Information Office on Sept. 1, 2015.

Ning Jizhe analyzed, first, in the first half of this year, China's GDP managed to grow by 7 percent year on year, which is flat with the first quarter of this year, consistent with the expectation of the whole year. Second, urban newly-increased employment in the first half of this year is 7,180,000, the employment keeps stable. Third, the income of residents grows steadily. Fourth, the margin of price rise is steady. Fifth, the scale of foreign trade is basically stable.

The growth of some fields such as export, investment and some industries slowed down in July. However, in Ning's opinion, it is generally the normal fluctuations of economic operation. Specifically speaking, the slowdown in exports is primarily affected by the weakening of developed economies' driving role in export, the slip of economic growth in most emerging economies and a higher comparison base in the year-earlier period. The slowdown of investment is partly due to the seasonal downturn in summer, and stabilization could be expected. The large fall after rise of automobile industry and the reduction of part high energy-consuming industry bring about certain influence on industrial growth. "Some indicators of physical output have grown better in August which means the recovery of industrial operation."