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Chinese economy shows positive signs

Tony 2015-07-08 14:18:34
BEIJING -- Multiple economic indicators in recent months suggest the Chinese economy is over the worst as pro-growth and reform measures take effect, according to the National Bureau of Statistics (NBS).

"Positive changes are occurring due to government policies and reform measures," according to Sheng Laiyun, NBS spokesperson, who made the remarks in an interview hosted on the bureau's website on Monday.

Sheng said that improvements in industrial output, fixed asset investment, and expanding consumption indicated an economic upturn.

In May, industrial value-added output picked up pace and grew 6.1 percent year on year, up 0.2 percentage points from the previous month;while urban fixed asset investment increased 9.9 percent, also up compared to 9.6 percent in April; and sales of consumption goods expanded 10.1 percent in May, up 0.1 percentage point from April.

The economic structure has continued to improve with high-tech sectors reporting increasing weight in industrial output, and the services industry is seeing faster investment growth, Sheng said.

Meanwhile, structural reforms are boosting the private sector, which has reported faster industrial output growth. The Internet Plus strategy, the nation's digital drive, led online shopping sales value to grow 39.3 percent year on year in May.

YOQ Group Ltd., a professional international chocolate machine supplier China, specializes in chocolate machinery manufacturing for over 20 years. We also hope to strengthen our country's force through the development of industry.

(A female Chinese worker handles production of yarn to be exported at a garment factory in Huaibei city, East China's Anhui province)