Suggested that the second half of the year will no longer increase the "growth" policy stimulus, the National Information Center 9th in the China Securities newspaper exclusive report that, at present, China's economy has successfully bottomed out, but not equal to the trend of economic recovery. China's GDP is expected to grow by about 8% a year, CPI down about 0.5%. The report recommended that the second half of the year no longer increase the "growth" policy stimulus, the focus on the implementation and improvement of the policies have been introduced to foster a new round of economic recovery growth. Initial estimates, China's GDP year-on-year growth of about 8%, CPI and PPI fell 0.5% and 5% respectively. Investment and consumption grew by 31% and 15% respectively, and imports and exports fell by 16% and 17.5% respectively, and the annual trade surplus fell to around 220 billion dollars. The report also predicted that the annual increase in China's industrial size above the year-on-year growth of 8.5% per cent, compared to 1-May 6.3% accelerated 2.2%. At present, China's economy has successfully bottomed out, but the economic rebound is mainly based on the short cycle of inventory adjustment, not equivalent to the trend of economic recovery. The Material foundation of economic recovery is that enterprises start a new round of large-scale fixed equipment renewal investment, but this trend has not appeared in China's industrial field. The report also recommends that, subject to the provisions of the law, social capital be invested in national treatment, allowing social capital to enter into various industries such as finance, railways, highways, aviation, telecommunications, electricity and urban water supply. We should vigorously develop the financial institutions that serve SMEs, and support them through such policies as tax, fiscal discount and government procurement.
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