GDP growth has risen markedly in the two quarter and is expected to reach 8%

In the two quarter, GDP growth has picked up markedly, about 8%, according to authorities. Given the first quarter GDP growth of 6.1%, the average GDP growth rate of the first half can reach 7%. The person said that from the current situation, this year to achieve "eight" the possibility of greater.　　In addition, real estate investment grew by 16% in June, up 5.6% from last month. It is understood that a number of ministries, including the central Bank of the research institutions, are in the chain of GDP research and analysis. Industry insiders believe that the elimination of seasonal factors of the chain, more clearly explain the current economic growth of the real situation. According to a study by one of the authorities, year-on-year GDP growth in the first quarter of the year was 8%, two for 13.1%, three for 4.5% and four for 3.7%, while the quarter-on-quarter rate in the first quarter rose to 8.5% and two in the quarter. Whether the year-on-year or not widely used in the chain, GDP growth rate in the two quarter showed a significant upward trend.　　The data also confirm that the economy is stabilising. However, these people also pointed out that although the year-on-year GDP growth rate has been rising for two consecutive quarters, but 15% of the high increase is unsustainable, this is only the last three or four quarters after the decline in recovery growth. This year, the rebound in the economy has been driven mainly by government investment, so, despite the current signs of stabilisation and recovery, it cannot be said that the economy has entered a smooth development track.　　Only by the government investment, social investment is driven, the economy can enter the track of smooth development. On the other hand, risks still exist in the current economic development process. Monetary credit increased more in the first half and played an important role in boosting economic development. But there is also the possibility that loose monetary and credit policies are driving asset price growth.　　Therefore, we must emphasize that moderately loose monetary policy should support the development of real economy, ensure the correctness of the use direction of credit funds, and make the loose currency to stimulate domestic demand growth rather than rising prices. The authorities said they have full confidence in China's economic growth. At present, both fiscal policy and monetary policy have great control space. There is room for further expansion of the fiscal deficit and national debt, and there is a lot of policy space for the central bank to regulate liquidity.