Chinese Economy Keeps Its Revival Tendency

The Chinese Economy Keeps Its Revival Tendency
Chinese Economy Keeps Its Revival Tendency

China's State Development and Reform Committee announced that the recovery trend of the Chinese economy is preserved. China's State Development and Reform Committee gave information about the latest developments in the Chinese economy at the press conference held in the capital Beijing today.

Accordingly, China's fixed capital investment in the first 8 months of this year increased by 5,8 percent. This rate of increase increased by 7 percent compared to the rate of increase in the first 0,1 months. In this context, investments in manufacturing and infrastructure facilities increased by 10 percent and 8,3 percent, respectively. These rates of increase were 7 percent and 0,1 percent higher than the rate of increase in the first 0,9 months.

On the other hand, the Chinese market started to show its growth potential gradually. Consumption per capita gradually revived, and the rate of increase in retail sales volume of social consumption products in the first 8 months turned from negative to positive. Meanwhile, automotive consumption increased rapidly, with more than 2 million 383 thousand vehicles sold in China in August. This number increased by 32,1 percent compared to the same month of the previous year.

China State Development and Reform Committee SözcüIn his statement at the press conference, Sü Meng Wei pointed out that industrial production in China has started to recover continuously, adding that the value added of large-scale industrial enterprises increased by 4,2 percent in August. The production of products such as hardware manufacturing, new energy automotive, mobile communication base station equipment and solar cells increased rapidly. Parallel to this, employment and price stability were maintained in August. The unemployment rate this month was 5,3 percent. This number decreased by 0,1 percent compared to July. In the same month, the consumer price index increased by 2,5 percent. This size of increase narrowed by 0,2 percent compared to July.

Günceleme: 19/09/2022 13:42

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