Scholar: China's economic growth in the second quarter after accelerating the end of Japan

Xinhua Beijing, May 31, according to the Hong Kong "Wen Wei Po" reported that despite the mixed economic data of the first 4 months of this year, some optimists believe the Chinese economy has gone out of its doldrums into a slow-growing phase, and that China is expected to overtake Japan as the world's second-largest economy by the end of the year.　　According to the report, the Director of China and the World Economic Research Center, Tsinghua University, said that so far, the growth of the Chinese real economy has basically ended, the Chinese economy can speak out of the trough, into a growth rate of the channel, at the end of this year, the Chinese economy will be larger than Japan. The report also pointed out that the State Council Development Research Center Macroeconomic Research researcher Zhang also believes that the first quarter of this year GDP growth of 6.1%, compared to the fourth quarter of last year continued to decline, the bottom of the rebound momentum has been initially formed, for three reasons: first, consumer stability, consumption structure upgrade began to resume. In the first quarter, total retail sales of consumer goods rose 15%, excluding the price factor, the real growth rate increased 3.6% from a year earlier. Second, investment growth has been significantly accelerated. The first quarter of the social fixed assets investment growth of 28.8%. Third, the export decline narrowed. Exports of foreign trade fell 19.7% in the first quarter, a further increase from the fourth quarter of last year.　　The year-on-year decline in exports from 1 to February and March was 21.1% and 17.1%, respectively. Zhang pointed out that comprehensive analysis of the changes in the three major needs, we can think that China's overall economic demand level has been significantly improved. Experience shows that changes in market demand reflect economic growth, about a quarter of the time lag, so the first quarter demand changes, indicating a significant increase in economic growth in the second quarter.