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China's economic data moderates in August

By Chen Jia | chinadaily.com.cn | Updated: 2019-09-16 10:21
A technician works on the production line of a machinery company in Luannan county, Hebei province. [Photo/Xinhua]
百度   银保监会发文进行4S店捆绑保险专项整治  据悉,监管部门已确定从8月开始全面开展4S店捆绑保险专项整治行动,鼓励自纠,严查重处,对情节严重和存在重大违规问题的4S店还将坚决采取停止业务、吊销业务许可证等处罚措施,将其清除出保险中介市场。 百度   常书彦表示,下半年工作的重点是统筹推进依法治市工作,规范推进公共法律服务体系建设,维护社会稳定和深入推进司法行政改革。 百度   “我骄傲的事情还不止这些。 百度 中康路 百度 浙江嘉善县干窑镇 百度 珠海大桥东

China's major economic data continually moderated in August, mainly because of the increasing external headwinds, and more countermeasures are urged to offset the impact and stabilize growth, according to economists.

Industrial output in August rose by 4.4 percent from a year earlier, compared with 4.8 percent in July and 6.3 percent in June, based on data the National Bureau of Statistics released Monday.

The growth rate of retail sales increased by 7.5 percent year-on-year, and the total sales reached 3.39 trillion yuan in August. The growth pace was down from 7.6 percent in July and 9.8 percent in June.

Fixed-asset investment climbed by 5.5 percent in the first eight months, retreating from 5.7 percent in the January-to-July period. That growth rate was 5.8 percent by the end of the first half of this year, the NBS showed.

More countercyclical measures will be needed to help stabilize China's economic growth, said Louis Kuijs, head of Asia Economics, Oxford Economics. "We have seen some movement in this direction recently, such as the reserve requirement ratio cut and the indications that the government is advancing the process for setting the 2020 quota for the issuance of local government bonds to support infrastructure spending.

"But more significant steps are needed if policymakers want to stabilize growth," he added.

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