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According to the 2008 Green Book on Economic Information released by the Chinese Academy of Social Sciences, the strong and spontaneous expansionary momentum of China's total social demand has slightly weakened in 2008. If macroeconomic control policies continue to maintain a tight and tight orientation, the economic growth in China will be presented in 2008. High stability.
According to the Green Paper, due to the rapid growth of the world economy and the strong domestic demand, the momentum of the Chinese economy shifting from partial to overheated in the first half of 2007 was more pronounced. However, in the three major demands of 2008, consumption has grown steadily, investment growth has dropped slightly, and net export growth has slowed down. The overall effect is that the strong and spontaneous expansionary momentum of total social demand has slightly weakened, if the macro-control policy continues to remain stable. The tighter orientation will make the economic growth in 2008 appear stable at a high level.
First of all, the consumer goods market continued its booming growth. In 2008, for many consecutive years, the macroeconomic environment was prosperous, the number of new jobs increased, the income of residents grew rapidly, and the upgrading of the consumption structure still maintained a strong boosting effect on consumption. These basic factors determined the sales of China's consumer goods market in 2008. The growth rate will remain high. In addition, the 2008 Olympic Games will be held in China and will also promote the "Olympic economy" in the domestic market. Second, the growth rate of investment in fixed assets will fall slightly. It has been more than 6 years since China’s current round of fixed asset investment peaked at more than 20%. At present, it has not yet shown signs of fatigue. In 2008, the basic factors that have prompted China’s investment to maintain a relatively high growth rate remain. In the case of accelerating growth in sales revenue and profits of enterprises, the enthusiasm of corporate investment is higher; at the same time, the growth of the company’s own funds is faster, which provides funds for enterprises to increase investment.
In addition, due to the rapid growth of domestic demand, the gradual appreciation of the renminbi appreciation and import tariffs has gradually brought about the adjustment of the changes in domestic and foreign price relations, and with other national policies encouraging imports, the import growth rate in 2008 will remain basically stable. If the current trend of rising international oil prices and other mineral resources continues into 2008, the import value of these products will also show a trend of faster increase due to price increases.
According to preliminary estimates, China’s exports increased by 19% in 2008, imports increased by 18%, and the trade surplus amounted to approximately US$ 332 billion, an increase of US$ 61 billion from 2007, and the increase in trade surplus decreased from 52.7% in 2007 to 22.5%.
According to the Green Paper, due to the rapid growth of the world economy and the strong domestic demand, the momentum of the Chinese economy shifting from partial to overheated in the first half of 2007 was more pronounced. However, in the three major demands of 2008, consumption has grown steadily, investment growth has dropped slightly, and net export growth has slowed down. The overall effect is that the strong and spontaneous expansionary momentum of total social demand has slightly weakened, if the macro-control policy continues to remain stable. The tighter orientation will make the economic growth in 2008 appear stable at a high level.
First of all, the consumer goods market continued its booming growth. In 2008, for many consecutive years, the macroeconomic environment was prosperous, the number of new jobs increased, the income of residents grew rapidly, and the upgrading of the consumption structure still maintained a strong boosting effect on consumption. These basic factors determined the sales of China's consumer goods market in 2008. The growth rate will remain high. In addition, the 2008 Olympic Games will be held in China and will also promote the "Olympic economy" in the domestic market. Second, the growth rate of investment in fixed assets will fall slightly. It has been more than 6 years since China’s current round of fixed asset investment peaked at more than 20%. At present, it has not yet shown signs of fatigue. In 2008, the basic factors that have prompted China’s investment to maintain a relatively high growth rate remain. In the case of accelerating growth in sales revenue and profits of enterprises, the enthusiasm of corporate investment is higher; at the same time, the growth of the company’s own funds is faster, which provides funds for enterprises to increase investment.
In addition, due to the rapid growth of domestic demand, the gradual appreciation of the renminbi appreciation and import tariffs has gradually brought about the adjustment of the changes in domestic and foreign price relations, and with other national policies encouraging imports, the import growth rate in 2008 will remain basically stable. If the current trend of rising international oil prices and other mineral resources continues into 2008, the import value of these products will also show a trend of faster increase due to price increases.
According to preliminary estimates, China’s exports increased by 19% in 2008, imports increased by 18%, and the trade surplus amounted to approximately US$ 332 billion, an increase of US$ 61 billion from 2007, and the increase in trade surplus decreased from 52.7% in 2007 to 22.5%.
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