China's economy should be balanced development after bottoming out

The key point of balanced development is to adjust the economic structure, pay more attention to the people's livelihood interns more than the National Bureau of Statistics, 23rd, published in the National Bureau of Statistics, a signed article said, statistical data and related administrative records, two quarterly GDP growth is expected to close to 8%. The article thinks, whether from the GDP, industrial production growth, or from the steel production, power generation and other physical indicators, it can be concluded that the current economic recovery has bottomed out.　　This is the first time the National Bureau of Statistics has explicitly expressed the view that China's economy is bottoming out. In an interview with China Economic Times, some experts pointed out that the current world economy is still in general recession.　　After China's economic rebound, should pay attention to adjust the economic structure, pay more attention to people's livelihood, in the process of recovery balanced development. Domestic industrial development is the main cause of GDP rebound, the uncertainty remains "external demand for the fall caused by external demand related to spare capacity, is the main factor in the early decline in GDP." The rebound, as reflected in the statistics, is largely due to a series of economic stimulus plans in the country. Large-scale government investment in industry is the main factor to achieve this economic rebound. "China's domestic demand in the economic crisis," said New, director of the Macroeconomic Research department at the National Information Center's Ministry of Economy, says, although in nominal terms it has slipped, but because of the country's series of tax cuts, home appliances to the countryside and other policies, domestic demand is actually expanding. Overall, because there is no deep downward adjustment, domestic demand does not significantly underground GDP, which is also one of the factors of GDP rebound. Compared with the 5.7% decline in U.S. domestic demand, China's domestic demand has increased by more than 6%, which is very good. "The country's stimulus package is very timely, and it is very image-fast and forceful," he said.　　"New said. The National Bureau of Statistics forecasts that GDP growth will reach 7% to 8% in the two quarter. For the whole year, GDP is likely to emerge from a quarterly rebound. In this respect, New said, because the world economy to the bottom of the debate is very fierce, although from the big situation, the world's worst recession is over, but will remain negative.　　In the case of negative growth, there are still many uncertainties in China's economic prospects which are subject to the international environment. Adjusting structure, protecting people's livelihood and keeping growth should be carried out at the same time, Gao Shanwen, chief economist of Securities and Security, said in an interview with this reporter that the current basically can make economic bottom up the judge, is expected to two quarter GDP growth rate between 7% to 7.5%, the year "Bao eight" very promising.　　He said that while government investment is unlikely to continue to grow at a high rate, real estate investment and exports are expected to rebound in the four quarter to sustain economic growth. New is more cautious about this. In his view, from the first 5 months of the overall trend of the economy, there is a "guaranteed eight" possibility, or even higher, but in the first quarter of GDP growth of only 6.1% of the situation, "Bao-eight" pressure is big, difficult.　　"As a whole, our economy has come to a steady rebound, but now our core is just growth." The next step should be to ensure that the economic structure is optimized and that more energy is devoted to protecting people's livelihoods. The three objectives of growth, restructuring and livelihood protection should be achieved in a balanced manner. This is more conducive to the long-term healthy development of our economy.　　"New said. There is no need to worry about inflation this year. Many experts interviewed by China Economic Times said that although the current price level is still low, but because the early increase in monetary credit, the international and domestic market primary product prices generally rise, should be wary of the early emergence of inflation period.　　The NBS article also argues that price trend monitoring should be strengthened to prevent inflation from excessive monetary policy easing. In this regard, New that, although there is a partial price rise, but from a period of time, both PPI and CPI are still in a negative state, and the annual CPI is expected to remain negative year-on-year, so is still in a deflationary state. "And now, both the central government and the local government, the price monitoring and early warning, more than the original attention, at least this year, we do not need to worry too much about inflation." ”