July data fluctuations are more common in monthly periods

                                                                                    INQUIRY

      China's July industrial value added, investment and consumption data released Wednesday showed a marked decline, which also raised concerns about downward pressure on the Chinese economy. Liu Aihua, a spokesman for the National Bureau of Statistics, said that there were fluctuations in the growth rate of some indicators this month, which were more common between months. It will not damage the overall situation of China's stable economic operation.
She said at a press conference held by the new office that from January to July, the main situation, including economic growth, employment, price and other major indicators of the development trend, the current economic operation is still in a reasonable range, continuing the overall stable, stable and progressive development trend. From the perspective of economic motive force, vitality and policy dividends, the next stage of economic growth still has a solid foundation, which is conditional and based on stable, sustained and healthy development.
"When judging the overall economic situation, we need to take the overall situation into consideration and better grasp the trend and direction of economic development." Liu Aihua said.
"As the current macro-level is generally good, good and stable, the measures implemented in the previous stage are also continuously effective, which will play an important supporting role in the next stage of economic growth... With the effectiveness of these policies, the next stage will continue to maintain economic stability with confidence, conditions and foundation. Develop healthily.


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