How to view economic data and economic growth

Release date 2024-12-10 14:06:01 Reading 2

　　used excavatorHow to view economic data and economic growth

　　At the current time point, we need to review this year's work and also study next year's economic work. Whether reviewing or looking ahead, it is necessary to conduct in-depth analysis of economic data, make comprehensive judgments on the economic situation, and closely track economic policies. Regarding the current situation and trends of China's economic growth, there have been some voices recently, some intentionally spreading pessimistic emotions. It is necessary to clarify this and guide all parties to view economic growth comprehensively, objectively, and calmly.used excavator used excavator used excavator used excavator

　　Firstly, the marginal changes in the current Chinese economy are positive, and policy effects are becoming apparent. The iconic trade in policy among existing policies, which began to take effect in September, has already played a certain role in driving consumption. After the deployment of incremental policies at the Central Politburo meeting on September 26th, there was a significant improvement in economic data for October, especially in major economic indicators such as consumption, service industry, and imports and exports, which showed a strong upward trend. The recent high-frequency data in November also reflects an increase in economic activity. That is to say, the economic data has shown relatively positive marginal changes for three consecutive months, which can support a judgment that the recovery and improvement of the Chinese economy is actually happening. However, the current changes are only a reflection of the initial effects of incremental policies. With the accelerated implementation of policies and the sustained release of effects, the quarterly growth curve of the Chinese economy is bound to rebound in the fourth quarter, providing strong support for the next step of economic growth.used excavator used excavator used excavator used excavator used excavator used excavator

　　Secondly, there should be a professional spirit in analyzing economic data. It is normal to have some doubts about economic data, but the key is to adhere to the spirit of seeking truth from facts and be able to withstand scrutiny in the logic of analyzing data. The data from the statistical department is mutually validated with the data from market institutions and does not deviate from the analysis results of most market institutions. For seven months this year, the manufacturing PMI index was lower than the prosperity range, and real estate investment and sales have also been in a negative growth state, all of which are truthfully reflected in the statistical report. When some of the data was not ideal before, no one came forward to question it. However, once the economic data showed signs of recovery, some people were busy throwing out sensational and panic inducing views, as if they couldn't see the Chinese economy. This is not an "objective" approach, but rather carries a clear intention to attract attention, and it cannot be ruled out that there may be a motive to cooperate with short selling, which needs to be identified.used excavator used excavator used excavator

　　Thirdly, the difference between macro data and micro perception should be taken seriously. Macro data will reflect the overall economic situation, but due to the skewed distribution of some statistical livelihood survey indicators, the application and comparison of averages may result in perception bias. The situations of different regions, enterprises, and populations vary greatly, and there may be hedging situations when aggregating micro data. The result may be that the volatility and differences reflected in macro data may only be small changes, but it does not mean that these situations will be ignored. The central government has not avoided this issue and has explicitly requested to handle the relationship between macro data and micro perceptions. In recent years, many policies have targeted small and micro enterprises and disadvantaged groups, recognizing their vulnerability to economic fluctuations. One important principle of this incremental policy is "benefiting people's livelihoods", and one important goal is to promote income growth for low - and middle-income groups, hoping that the policy can truly make every family feel warm.used excavator used excavator

　　Fourthly, confidence does not fall from the sky; only by solving problems can confidence be strengthened. Things are done by people, and when you see a problem, you have to solve it. They only talk nonsense and have no technical content, and some arguments are also unfair to those who do things. There are objectively some problems and challenges in the current Chinese economy. The most distinctive feature of a package of incremental policies is that they do not avoid problems, but go straight to them. Some issues are closely interconnected and require unraveling the chain, such as debt reduction, which is a policy measure with a source effect. The marginal changes in the economic situation will lead to a gradual accumulation of confidence, which requires a process, but there should be no doubt about the determination to solve problems.used excavator used excavator used excavator used excavator used excavator used excavator

　　Fifth, there can be expectations for economic policies in 2025. At present, there are some predictions in the market about next year's policies, regardless of whether they are reliable or not, at least reflecting an expectation. The relevant departments have clearly stated that they will "coordinate the policy and work integration in the next two years", which means that next year, they will not only accelerate the implementation of policies, but also introduce new policies. We believe that the financial sector will continue to strengthen macro support for economic operations and take appropriate measures to block or weaken the accumulation of financial market risks in the next step. Ultra long term special treasury bond will continue to be issued and further optimize the investment direction. The relevant departments are working hard to study how to maximize the investment direction of special bonds. It is understood that the number and amount of projects in the current project reserve are sufficient, which will be a tangible support for the economy.used excavator used excavator used excavator used excavator used excavator

　　Sixth, for the medium to long term development, next year is a critical time point. China's macroeconomic governance has always planned for both the short and medium to long term together. And 2025 is the year for the formulation of the 15th Five Year Plan, which requires both achieving the end of the 14th Five Year Plan and planning for the next five years of development. In the process of studying the "15th Five Year Plan" in various fields, a number of major projects, major projects, major policies, major reforms, etc. will be launched, which are the "addition" of economic work and will provide strong certainty for the development in the coming years. For the market, tracking the "15th Five Year Plan" means synchronizing and synchronizing with national development, making it easy to find a new round of development opportunities. Therefore, 2025 will be the "planning year" for the policy level, and it can also be the "planning year" for various institutions and enterprises.used excavator

　　Seventh, expectations management should be placed in an important position in macroeconomic governance, and all parties should work together to nurture the spark of hope. This time, many policy measures have not been used in the past, and the interaction between macroeconomic regulation and public opinion is almost unheard of in the past, which is also a very valuable asset. We should treat the voices in the market differently. The analysis of the vast majority of market institutions is very professional, but due to the lack of experience in directly participating in macroeconomic regulation, there is a natural "perspective gap" among analysts. In the future, communication and exchange can be strengthened, and more channels for transmitting information can be built to allow the market to better understand the true considerations of policies. For some of the doubts or criticisms, as long as they are not malicious, they can be regarded as the "blue army" of policy-making, and it is hoped that some viewpoints can provide reference for policymakers. Of course, for those voices that deviate from economic motives and maliciously criticize China, clarification and refutation should be carried out in the first place, and rhythmic remarks must not be allowed to damage the texture of China's economy.used excavator used excavator used excavator used ator

　　The prospects of the Chinese economy are closely related to everyone, and the prospects of the economy are also the prospects of everyone's life. Sighing and complaining blindly is not conducive to economic growth and is meaningless for individuals and families. The more difficulties we encounter, the more we need to work together and unite as one. Everyone should do more practical things and work together to promote the improvement of the Chinese economy. This is more important than anything elseused excavator used excavator used excavator used excavator used excavator

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How to view economic data and economic growth

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How to view economic data and economic growth

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