日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Economic recovery firmly underway

By ZHOU LANXU | China Daily | Updated: 2021-02-11 08:09
Share
Share - WeChat
Consumers browse festive items at a shopping mall in Beijing on Tuesday. [Photo by Yan Yichen/for China Daily]

China's economy remains on a solid track to recovery as price levels picked up while corporate borrowing increased last month, experts said on Wednesday.

But the recovery in consumption and the services sector remained subdued in January, underlining the necessity of more structural policy support and making any sharp tightening in monetary policy unlikely, they said.

Backed by recovering domestic demand and rising commodity prices globally, the growth in China's producer price index, which gauges factory-gate inflation, turned positive for the first time in 12 months, coming in at 0.3 percent year-on-year last month, the National Bureau of Statistics said on Wednesday.

The strong financing demand from corporations and households also indicated a sustained economic recovery. China's new yuan-denominated loans totaled 3.58 trillion yuan ($555.4 billion) in January, up 225.2 billion yuan year-on-year, the People's Bank of China, the central bank, said on Tuesday. Experts said it was the largest-ever new yuan loan amount for January.

"The latest data show that recent local COVID-19 cases have not impeded the overall recovery of China's economy, and economic growth may speed up substantially in the coming months," said Tang Jianwei, chief researcher at the Bank of Communications' financial research center.

As the economy continues to recover and buoy production activity, the growth in the producer price index is expected to further accelerate, Tang said.

The prospect of steady recovery has helped lift investor confidence, experts said. Foreign direct investment into the Chinese mainland, excluding the financial sector, expanded by 4.6 percent year-on-year in actual use to 91.61 billion yuan in January, the Ministry of Commerce said on Wednesday.

Chinese onshore equities leaped on Wednesday, with the benchmark Shanghai Composite Index rising 1.43 percent to close at 3655.09 points, the highest level in five years, according to market tracker Wind Info.

Yet experts said China's economic recovery remained unbalanced as consumption and the services sector lagged, partly attributable to the local COVID-19 cases and slower household income growth due to the virus.

The consumer price index, a gauge of consumer inflation, declined 0.3 percent year-on-year in January, compared with a 0.2 percent increase in December, the NBS said.

Wu Chaoming, chief economist at Chasing Securities, attributed the decline in consumer prices mainly to a high comparison base last year and the local COVID-19 cases that slowed the recovery in offline services like transportation and entertainment.

A negative core CPI reading has implied that consumption demand remained weak as personal income growth slackened, Wu said, adding that the CPI growth is expected to remain low in the short term before recovering to about 1.5 percent for the whole year.

The core CPI, which better reflects true demand by excluding volatile food and energy prices, dropped 0.3 percent year-on-year last month, versus a rise of 0.4 percent in December, the NBS said.

The low CPI figures have provided further evidence that there is no need to be too concerned about the potential for a sudden or sharp tightening of monetary policy, said Lu Ting, Nomura's chief China economist.

"We expect no sharp shift in policy, especially before COVID-19 is eradicated," Lu said.

Given that consumption recovery remained sluggish while the uncertainty of export growth may increase this year, policies to boost consumption will be essential for China to sustain a steady recovery, said En Xuehai, China International Fund Management's group chief investment officer of asset allocation and retirement fund investment.

Xinhua contributed to the story.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲欧美精品 | 亚洲精选一区 | 日本高清com| 香蕉久久久 | 欧美日韩一区二区综合在线视频 | 免费在线小视频 | 黄色资源在线 | 国产目拍亚洲精品区一区 | 久久伊人免费视频 | 总攻调教各种受肉 | 成人av福利 | 欧美视频在线免费播放 | 欧美日韩一区二区三区在线观看 | 免费看成年视频网页 | 成人欧美一区二区三区在线播放 | 国产精品91久久久久久 | 午夜天堂精品久久久久 | av中文字幕在线播放 | 四虎影视在线影院在线观看观看 | 国产精品区一区二区三 | 欧美三区在线 | 色汉综合 | 久久网在线 | 欧美三级成版人版在线观看 | 亚洲精品中文字幕在线观看 | 国产精品毛片久久久久久 | 欧美精品1区2区3区 国产午夜精品理论片影院 亚洲精品不卡久久久久久 三级网站免费观看 | 国产高清毛片 | 亚洲精品a级 | 91高清网站| 日韩av电影在线播放 | 91麻豆精品国产91久久久更新时间 | 国产精品久久人妻无码网站蜜臀 | 天天色综合社区 | 久久精品一级 | 欧美一区二区三区中文字幕 | 被玩坏了的女老师(高h np) | 国产乱码精品一区二区三上 | 91短视频在线高清hd | 亚洲免费在线看 | 日本不卡在线视频 |