Fu Linghui, spokesman of the #New Financial and Economic Forces#National Bureau of Statistics and director of the Department of Comprehensive Statistics of the National Economy, said that on the whole, production demand grew steadily in July, employment prices were generally stable, industrial upgrading was steadily advanced, people's livelihood protection was strong and effective, the national economy continued to recover, and the operation was generally stable. There is no deflation in the current Chinese economy, and there will be no deflation in the next stage.
Fu Linghui explained that from the data, the added value of industries above designated size, the production index of the service industry, the total retail sales of social consumer goods, and the investment in fixed assets all maintained year-on-year growth in July. The recovery of market sales has accelerated, and the acceleration of automobile sales has led to the growth of the automobile manufacturing industry. Market prices remained stable, with consumer prices rising 2.7% year-on-year, down 0.2 percentage points from the previous month. The profit growth of industrial enterprises accelerated, and the profit of industries above designated size increased by 1.8% year-on-year, and the growth rate was 1.4 percentage points faster than that in the first half of the year.
Fu Linghui said that there is no deflation in China's economy at present, and there will be no deflation in the next stage. Fu Linghui pointed out that international deflation is defined as the continuous decline in the overall price level, often accompanied by a decrease in the money supply and economic recession. Judging from the economic performance in July and the first half of the year, there was no deflation.
Fu Linghui said that in the next stage, although there are some uncertainties, on the whole, China's economy has maintained a recovery momentum, positive factors have accumulated, market expectations have continued to improve, and although there are some structural problems, there is still good support for sustained and healthy economic development. #Current Affairs Hot Headlines Say ##Challenge 30 Days to Write a Diary in Headlines##Summer Creation Contest#