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来源:3000点再度跌破茅台市值重上万亿A股后市如何演绎?  作者:   发表时间:2019-07-16 06:45:50

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

  China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.China's current economy is still healthy#标题分割#Editor'snote:ChenJiaheisachiefstrategistatCindaSecurities.Thearticlereflectstheauthor'sopinion,andnotnecessarilytheviewsofCGTN.  China'seconomyexpanded6.4percentyear-on-yearinthefirstquarterofthisyear,slightlyexceedingexpectations,theNationalBureauofStatistics(NBS)saidonWednesday.TheGDPstoodat21.34trillionyuan(about3.18trillionU.S.dollars)inthefirstthreemonthsoftheyear,indicatingstableeconomicgrowthintheworld'ssecond-largesteconomy.Whilethisshowsasteadystatusofeconomicgrowthandaslowslidingintothesixpercenttosevenpercentrange,China'seconomyisstilloneoftheworld'sfastest-growingeconomies.Furthermore,thiseconomicgrowthrateisnowfarawayfromabumpystatus,suchastheperiodbetween2006and2009,wheretheeconomicgrowthratechangedswiftlybetween12.68percentand9.21percent.Meanwhile,China'spriceindexremainsstable.AlthoughtheCPIinMarchjumpedto2.3percent,thisismainlyduetothetailrisingeffect.However,thefixedincomemarketisrespondingnottoowellaboutthepriceindex.China's10-yeartreasuryyieldrosefromitslowestlevelinmid-Februaryat3.06percentto3.39percentinmid-April.TherisingoftheTreasuryyieldisonlypartlycausedbythesmallrisingoftheinflationarydata.Anotherbigreasonthatcontributedtothisyieldrisingisthebullmarketinstocks.ShanghaiandShenzhen300indexhasrisenbyover35percentin2019,whichisthebestmarketintheworld.Theliquidityflowedtowardtheequitymarkethaspartlycausedthecoolingofthefixedincomemarket.China'sconsumptionisstillgrowingatasteadyandacceleratedspeedthantheoverallGDP,markingavisibletransformationfrominvestmentandexport-driveneconomy.Theoverallconsumptiongrowthrateisnowwellovereightpercent,almosttwopercenthigherthanthegrowthrateoftheglobaleconomy.AsChinaisdrivingitselfawayfromrelyingonexcessiveinvestment,China'sgrowthrateoffixedassetinvestmentisnowstayingatonlyaroundsixpercentoverayearago.Althoughthisisnotalowlevel,itwasmuchlowerthanitshighlevelback10to20yearsago.Between2002and2010,China'sfixedassetinvestmentgrowthratestayedataveryhighlevelbetween25percentand35percent.Thispartlycausedasuperbullmarketforrawmaterialsinthoseyears,suchascopper,steel,coal,oil,cementandaluminum.ThedecreaseinChina'sinvestmentnowleadstolowerpricesofthesematerials,aswellasgloomyprofitsforthosecompaniesthatproducethem.China'sslowinvestmentgrowthratedidnotleadtoarisingunemploymentfigure.Currently,China'sreportedunemploymentratestillstaysataroundfivepercent,thesamelevelasithasbeenformanyyears.Arandomwalkincitiesoraquickvisittolocallabormarketscantellyouthesamething.Themostimportantreasonbehindthiswellmaintainedunemploymentrateisthegrowinglabor-intensiveindustries,mainlyintheconsumptionarea.Deliveryservicethatwasrapidlydevelopedonlyinthepastfewyears,forexample,employedmillionsofpeople.Therisingnumberofrestaurantsandleisureserviceprovidersalsocreatedmanyjobs.AsallthedatalistedaboveshowusaboutChina'seconomicactivitiesinthepast,thePurchasingManager'sIndexshowsuspeople'sexpectationaboutthefuture.Currently,China'sPMIindexstaysaround50,wherethedatainMarchwas50.5.Thisshowswell-maintainedconfidenceaboutthefuture,whichisneithertoooptimisticnortoopessimistic.Overallspeaking,China'seconomyisnowshowingapicturecomposedbythewordsof"moreconsumption,""slower,""stabilized"and"transformation."Althoughwedonotseedouble-digitgrowthratesasintheolddays,thehealthoftheeconomyisstillwellmaintained.

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