National Bureau of Statistics: More financial resources will be “deviated from reality”

Abstract Mao Shengyong, spokesman of the National Bureau of Statistics of China, said in Beijing on the 17th that the current economic development momentum in China has already reflected the improvement of the real economy. In the next step, with the increase of policy support, more funds and resources will be “deviated from reality” and increase support for the real economy...
Mao Shengyong, spokesman of the National Bureau of Statistics of China, said in Beijing on the 17th that the current economic development momentum in China has already reflected the improvement of the real economy. In the next step, with the increase of policy support, more funds and resources will be “de-realistic” and increase support for the real economy. The real economy has the conditions to achieve better development.
The growth rate of China's private investment has been rising for many months, which seems to confirm the judgment of the real economy.
According to the data released by the National Bureau of Statistics of China on the same day, in the first three months of 2017, China’s private fixed assets investment was 573.13 billion yuan (RMB, the same below), a nominal increase of 7.7% year-on-year, and the growth rate was 1 percentage point higher than that in January and February. Since September last year, the growth rate of private fixed-asset investment has risen month by month, rising from a multi-year low of 2.1% to 7.7% in the first three months.
Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University of China, pointed out that last year, with the decline of economic growth, the growth rate of private investment slowed down and fell to a low of 2.1%. Chinese officials subsequently introduced a series of targeted policies and launched a large number of projects, many of which are PPP (Government and Social Capital Cooperation) models.
Zhao Xijun explained that in this series of projects and investments, many people's livelihood projects, including urbanization, transportation, public services, environmental governance, and infrastructure, are closely related to the real economy. It can be said that the foundation of the real economy has been promoted. effect.
Mao Shengyong emphasized that the rebound in private investment is not a flash in the pan. First of all, the supply and demand relationship in the Chinese market is generally better, and the market vitality has improved, creating better conditions for the investment and development of private enterprises.
Second, policy support in all aspects provides more space for private enterprises. The reform of “distribution suits”, market access, and the acceleration of PPP projects are conducive to the development of private investment. Mao Shengyong pointed out that the next stage of Chinese private investment has the conditions to continue this upward trend.

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