Xinli: GDP growth in the first half is driven by real estate auto Investment

Xinhua News Bureau 16th released data show that the first half of China's GDP growth rate of 7.1% per cent.　　China International Economic Exchange Center Executive Vice President Xinli on the same day in the "Economic Monthly talk" site to accept the interview, said the first half of GDP growth is mainly by real estate, automobiles, investment growth to pull. Xinli pointed out that the first half of GDP to achieve 7.1% growth rate does not come easily. GDP growth in the second quarter reached 7.9%, has been close to or can be said to achieve a relatively normal growth rate, the growth rate is mainly driven by real estate, automobiles, investment growth. Although private investment is growing faster, it should be seen that the state-owned investment and government investment play a key role. The growth rate of private investment has yet to be accelerated and further activated.　　In addition, the consumption of housing and other areas other than automobiles has yet to be followed by further measures to achieve growth through the adjustment of the income distribution structure. Xinli expressed concern about the rapid growth of real estate investment in the first half of the year. He believes that real estate investment has just rebounded, and now some cities have begun to soar in prices, there has been "king."　　If house prices soar and people may not buy a house, the boom in the housing market is likely to reverse. Xinli that in the second half of the macro-control, we should focus on maintaining the housing market, automobile prosperity. We should strengthen the responsibility of local governments in stabilizing housing prices, expand the construction of affordable housing, increase the supply of low-cost housing, maintain a reasonable housing income ratio, and ensure the healthy development of the residential market. At the same time further expand the home appliances to the countryside subsidies varieties, reduce the import tariffs of high-end consumer goods, part of the processing trade export products exclusively for domestic sales.