//note: do not trade what I wrote here as market opinion is diversified and no news source could ensure reality.
what was communicated in one sentence,
was growth is maintained, customer price inflation is not at risk, this was the formula that sustains the past 20yrs growth.
however detail fact maybe of more interest than conclusion
1. for June and Q2 overall, only realestate data is published at web,
understand that data statistics needs time, but hope this is not indicating an economy sitting on one leg... where elsewhere in the world that leg is proven to be unreliable.
when asked about Q2Q, the speaks person says data is not fully understood and may need to be manipulated (laugh)
2. consumer price and production price is falling as a matter of fact
there are 3 reading from this:
1st, premier early 2008 shoots for eliminate inflation, this is done by food price under control
2nd, except for realestate which serve as an one leg engine, other energy, material prices do fall as a matter of fact of bear run last year
3rd, although more money is printed, food and living price is still dropping, indication of a risk of deflation,
this is different however from the widely amplified notion that print money causes hyper inflation
3. production capability is still more than affordable demand, this was key of crisis
this is reflected in 4 ways,
1st, only 70% of factories are full capacity starting of year
2nd, food is kind of over-supplied
3rd, peasants work as migration workers in the east have less job oppotunity
4th, export still at low although recovered a little from beginning of year
answer to under demand was to invest more in base industry, in innovation/new technology, in environment and energy optimization techs and in undeveloped region...
this may work though I don't know... may have better effect than save in bank or invest in stock/forex/commodity I believe though.
4. did economy bottom up?
answer is we all see evidence that things are recovering
investment to create more oppotunity and demand
add loan to encourage house buying and car buying all seem to work for the short term, growth is 31% and 17% y2y
however, a few problem exists we have to be honest
industry development is unbalanced, some industry still at big difficulty
(I guess he means except for realestate, no industry really grow; but we know that oil and ore based industry were really bad and some stopped production due to raw material more exp than end product last year)
job oppotunity is less than available work force
export decline by 20% y2y
gov deficiency problem
making economic recovery steady and stable is also a challenge
5. why econ numbers leak before annoucement? why some material vendor is punished for buying insider info, but this econ info is also leaked days ahead?
speaker... I read on news what I'm going to annouce before I come here from office...
have to figure out and try to prevent
6. GDP growth break down?
consumer purchasing +53.4% y2y (I guess they counted realestate!), impacts +3.8% to GDP
fixed asserts investment and resource docking +87.6% y2y, impacts +6.2% to GDP
export -41% y2y, impacts -2.9% to GDP
end of news conference.
what was communicated in one sentence,
was growth is maintained, customer price inflation is not at risk, this was the formula that sustains the past 20yrs growth.
however detail fact maybe of more interest than conclusion
1. for June and Q2 overall, only realestate data is published at web,
understand that data statistics needs time, but hope this is not indicating an economy sitting on one leg... where elsewhere in the world that leg is proven to be unreliable.
when asked about Q2Q, the speaks person says data is not fully understood and may need to be manipulated (laugh)
2. consumer price and production price is falling as a matter of fact
there are 3 reading from this:
1st, premier early 2008 shoots for eliminate inflation, this is done by food price under control
2nd, except for realestate which serve as an one leg engine, other energy, material prices do fall as a matter of fact of bear run last year
3rd, although more money is printed, food and living price is still dropping, indication of a risk of deflation,
this is different however from the widely amplified notion that print money causes hyper inflation
3. production capability is still more than affordable demand, this was key of crisis
this is reflected in 4 ways,
1st, only 70% of factories are full capacity starting of year
2nd, food is kind of over-supplied
3rd, peasants work as migration workers in the east have less job oppotunity
4th, export still at low although recovered a little from beginning of year
answer to under demand was to invest more in base industry, in innovation/new technology, in environment and energy optimization techs and in undeveloped region...
this may work though I don't know... may have better effect than save in bank or invest in stock/forex/commodity I believe though.
4. did economy bottom up?
answer is we all see evidence that things are recovering
investment to create more oppotunity and demand
add loan to encourage house buying and car buying all seem to work for the short term, growth is 31% and 17% y2y
however, a few problem exists we have to be honest
industry development is unbalanced, some industry still at big difficulty
(I guess he means except for realestate, no industry really grow; but we know that oil and ore based industry were really bad and some stopped production due to raw material more exp than end product last year)
job oppotunity is less than available work force
export decline by 20% y2y
gov deficiency problem
making economic recovery steady and stable is also a challenge
5. why econ numbers leak before annoucement? why some material vendor is punished for buying insider info, but this econ info is also leaked days ahead?
speaker... I read on news what I'm going to annouce before I come here from office...
![](https://resources.faireconomy.media/images/emojis/64/1f641.png?v=15.1)
6. GDP growth break down?
consumer purchasing +53.4% y2y (I guess they counted realestate!), impacts +3.8% to GDP
fixed asserts investment and resource docking +87.6% y2y, impacts +6.2% to GDP
export -41% y2y, impacts -2.9% to GDP
end of news conference.