Ministry of Commerce data: the first sign of economic stabilization

Song Lei today is the National Bureau of Statistics two quarterly domestic macro data release date.　　Before the data were released, economic indicators had shown signs of "stabilisation". A few days ago, the June import and export trade value of 1.8257 trillion U.S. dollars, down 17.7% year-on-year, showing a narrowing trend.　　From two important economic indicators, the overall macroeconomic trend is expected to "stabilize."　　The Ministry of Commerce under the jurisdiction of the domestic commodity circulation, but also regularly issued domestic retail sales of consumer goods, from "domestic demand" to start to consider the overall macro-economic trend. Yao said yesterday that China's resident consumption continued to grow steadily since the beginning of the 2008.　　According to the Ministry of Commerce monitoring, 1 ~ June, the sales of thousands of key retail enterprises year-on-year growth rate of 5 months faster than 0.7%, the total retail sales of consumer goods will further increase. He believes that the expansion of investment policies led to sales of means of production rebounded, the price of a small rise.　　June, the Ministry of Commerce, the main monitoring of 112 important means of production prices, the overall price level Rose 1.5%, the first increase since last August. To start the residents "consumption" aspect, the rural consumption growth rate continues faster than the city, the Midwest region consumption increase is higher than the east. Driven by policy measures such as home appliances and automobiles, the retail sales of consumer goods in rural areas grew faster than the city by about 2%, changing the pattern of rural consumption growth over the years.　　From this year's data, the central provinces and cities consumption growth rate of more than 18%, the West region growth rate is more than 17%, while the eastern provinces and cities in most of the growth rate of 15% or less.　　After 9 consecutive months of decline in exports, the Ministry of Commerce to adjust the export rebate rate, the price advantage to protect the Chinese market share of the intention is very clear. From the data, the policy has received some results. Yao said yesterday that, with the increase in export rebate rate, the international competitiveness of China's labor-intensive goods showed that the export decline was lower than the total export decline, and the exports of garments, bags, footwear and furniture declined only 1/3~1/2 (8.5%, 7%, 4.3% and 9.8% respectively).　　China's export commodities in the United States and Japan market share has increased, the first 5 months year-on-year increase of 4.1 and 3.6% respectively. But the price of Chinese imports and exports has fallen.　　According to the Ministry of Commerce statistics, the impact of price factors on imports and exports has become increasingly evident in June, the decline in export prices has widened to 8.4%, import prices fell somewhat narrowed, but still reached 15%, the cumulative decline of 17.2%, is the main reason for the decline in import and export volume. "The decline in exports is not much, is the decline in prices to reduce the total import and export trade, which has important significance for the protection of employment."　　Yao said at a news conference yesterday that this has also kept the economy running to a certain extent. Although the data show positive, but the risk remains. Yao said that the global economic downturn has not bottomed out, China's foreign trade development is still facing a severe test of the external demand downturn.