home » Economy data » 7.1% — China’s gdp growth rate in the first half of the year, not bad,

7.1% — China’s gdp growth rate in the first half of the year, not bad,

Posted on Jul-16-2009· by

Bureau of Statistics of China announced today that China gdp growth rate of 7.1% in the first half, industrial added value grew 7.0%, cpi dropped 1.1 percent year-on-year, total retail sales of social consumer goods grew 15%, these figures seem to let some people at ease, but as the official said, now china  without a solid economic recovery.

Ok,These number seems Not bad,right? But There are still have some problem,

1: Although many of the measures taken, FDI falls 17.9% in first half, the first half of exports dropped 21.8 percent year-on-year.

In last years, china begin a big assembly and export base ,  although somebody say china have a specify export model, it is different with JAPEN, but I had to say, export is the export, it is decided by the economy of the world ,speciafy USA, EURO….

2: The results are announced in the first half of 4000 billion government stimulus plan, 7.37 trillion of new loans made under the premise that such loose fiscal and monetary policies,in the long term, it is very difficult to continue.

And, I had to say, I believe limited gov and un-wisedom market. We can not always invest by GOV , I think people’s budge is more importand then GDP, When people feel safe and people have money which really controned by themself (not had to save money for house and education, health,even a small cemetery , these price rise up crazy), when company begin invest , we can see a more longer safe economy.

3: CPI does not include real estate, it is reported by many paper that in many cities ,in the three months real estate prices  increased by 30%, and we are still not out of economic recession, right?  Asset prices will go through a time transmitted to the other areas.
4: The employment situation is grim, the current statistics on the coverage of the unemployment rate is too small to address the employment pressure is the most critical for SMEs, the support is still far from enough.

I think we should Improve efficiency in the use of funds, ensure the money is go the right place, upgrading Industrial ,invest on new technology , buy

resource base, focusing on employment support. And, I had to say the trend in asset prices can not be too much out of the basic trend of the economy, otherwise, could lead to asset price bubble burst, triggered the financial turmoil.

I think we need let the most of people begin more richer to support house, health ,education ,  we need more and more focus on  intensify the construction of the social security system,to promote a fair distribution . In china, Several thousand years  ,  we still said  let people have job and house , got a good education and health . That’s the goal of  the reform.

Tags: , , ,

2 Responses to “7.1% — China’s gdp growth rate in the first half of the year, not bad,”
  1. china investor Says:

    Sorry? I do not understand your means, I come from China.

  2. md, habibur rahman (palash) Says:

    SIR, I TELL FROM BANGLADESH, OUR COUNTRY ARE REALLY A GOOD FUTURE COUNTRY, BUT NOW WE HAVEN’T GOOD CAR, MOBILE, COMPUTER, AIRPLANE, MILL OR FACTORY, I BELIEVE STRONGLY TODAY OR TOMORROW BIG COMPANY OR INVESTOR MUST BE INVEST OUR COUNTRY, SO PLEASE IF REALLY GOD/ALLAH TALK ANY ,HARD, PLEASE INVEST OUR COUNTRY, I GIVE LAND , I GIVE SHELTER AND I MARKETING THAT PRODUCT,

    ALLAH WILL HELP US

    MD, HABIBUR RAHMAN (PALASH)
    MOBILE:+8801934086566
    BANGLADESH

Leave Your Comments