Chinese economy retains growth momentum in August

0 Comment(s)Print E-mail Xinhua, September 17, 2019
Adjust font size:
File photo taken on May 11, 2016 shows a manufacturing workshop of Beijing Automotive Group in Huanghua, north China's Hebei Province. [Photo/Xinhua]

China's economic performance remained stable in August with signs of intrinsic strength and buzzing vitality abounding.

Readings of major economic indicators released by the National Bureau of Statistics (NBS) revealed continued growth in the first eight months despite monthly fluctuations, NBS spokesperson Fu Linghui told a press conference on Monday.

China's job market remained generally stable in the first eight months of the year, with the surveyed urban unemployment rate dropping 0.1 percentage points to 5.2 percent last month and a total of 9.84 million new urban jobs created during the January-August period.

The government has unveiled a slew of measures to bolster employment, including targeted support for college graduates, migrant workers and veterans, as well as employment-related training programs, said Fu.

Retail sales of consumer goods, excluding automobiles, rose 9.3 percent year on year in August, up 0.5 percentage points from the previous month.

"Consumption growth remains an ever more robust driver for the economy," said Fu.

Meanwhile, consumption of services is estimated to continue double-digit growth, he added.

Evidence of industrial upgrade are noticeable in both services and manufacturing.

The service sector continued to expand, with modern services including information technology, leasing and commercial services leading the growth, according to NBS data.

High-tech manufacturing beat the overall industrial output growth in August by 1.7 percentage points with its 6.1-percent year-on-year increase, putting the figure in the January-August period at 8.4 percent.

Investment in high-tech manufacturing rose 12 percent and in high-tech services up 14.9 percent, both leading overall investment growth in their respective sectors.

High-tech-related investment is expected to further expand given China's pledge to support financing of enterprises in science and innovation, according to Li Chao, an analyst at Huatai Securities.

Monday's data also showed slower growth in property investment, fixed-asset investment and industrial output in August.

Speaking about economic prospects in the near future, Fu reiterated commitment to counter cyclical measures adjustments and other pro-growth measures in an effort to anchor further development.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 练瑜伽的时候进入| 麻豆视频免费看| xxxxx性bbbbb欧美| 亚洲av中文无码乱人伦在线视色 | 亚洲欧美激情小说另类| 亚洲欧洲日产国码无码久久99| 亚洲欧洲日产国码久在线| 久久久伊人影院| 一级毛片直播亚洲| 99久久久精品免费观看国产| 91精品国产91久久久久久| 香蕉视频黄色在线观看| 鸡鸡插屁股视频| 老头猛挺进小莹的体内小说全集| 美女脱个精光让男人桶爽| 男女做爽爽免费视频| 欧美激情xxxx性bbbb| 欧洲美女与动性zozozo| 日本人与黑人xxxxx18| 欧美日韩一区二区三区视视频| 欧美18videos极品massage| 性放荡日记高h| 国产麻豆videoxxxx实拍| 国产特黄特色一级特色大片 | 老熟女五十路乱子交尾中出一区 | 久久国产精品免费一区二区三区| 中文字幕亚洲综合久久男男| JAPANESE在线播放国产| 一个色中文字幕| 草草浮力影院第一页入口| 精品久久久久香蕉网| 欧美日韩高清一区二区三区电影| 成人理伦电影在线观看| 在厨房里挺进美妇雪臀| 国产成人av一区二区三区不卡 | 深夜福利一区二区| 日韩高清在线免费看| 成人免费漫画在线播放| 国产网红在线观看| 国产乱妇乱子在线播视频播放网站 | 天堂网在线资源www最新版|