SCIO briefing on China's economy in Q1

0 Comment(s)Print E-mail China.org.cn, April 17, 2019
Adjust font size:

Speaker:
Mao Shengyong, director general of the Department of Comprehensive Statistics at the National Bureau of Statistics (NBS) and NBS spokesperson

Chairperson:
Shou Xiaoli, Press Bureau of State Council Information Office

Date:
April 17, 2019

Reuters:


According to the statistics you just released, the economic growth in the first quarter was better than expected, and previous policies are paying off intially. Do you think there will be fewer policies to stabilize economic growth in the next stage, especially monetary policies, such as cutting interest rates and required reserve ratios?


Mao Shengyong:


First, in the first quarter, economic performance was quite stable and better than expected. Second, for the next stage, the positive factors for economic growth are accumulating and the market outlook is improving. For the next step, a lot of policies will be implemented and effective, cementing the foundation for steady economic performance. Third, we should notice that the downward economic pressure still exists. There are many uncertainties from the external environment, and the growth of the global economy and international trade is slowing down. Domestically, we also have many structural issues. The growth rate of 6.4% is lower than the same period of last year and the whole year. All of these show that we face pressures in terms of economic performance. Particularly, the real economy was faced with issues such as rising costs and a decline in profit-making.


We have rolled out many polices, and most importantly, our departments and local authorities need to implement the major polices made by the Central Committee of CPC and State Council in both letter and spirit, and give full play to these policies, so as to facilitate steady and healthy economic growth and a higher quality for Chinese economy. Thank you.


ShouXiaoli:


Thank you, Mr. Mao. Thank you, all the journalists. That is the end of today's press conference. Goodbye.


By Li Xiaohua, Chen Xia, Zhou Jing, Zhu Bochen, Huang Shan, Cui Can, Zhang Jiaqi, Mi Xingang, Wu Jin, Zhang Rui, Zhang Liying, Li Yang, Wang Qian, Li Shen, Wang Yanfang, Li Huiru, Jennifer Fossenbell, Jay Birbeck


<  1  2  3  4  5  6  7  8  


Follow China.org.cn on Twitter and Facebook to join the conversation.
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