Economic data released in May: scale industrial added value up 16.5%; an acceleration of growth rate 7.6 percentage points, down 1.3 percentage points qoq .1-5 months, urban fixed asset investment grew 25.9%, compared with 1-4 months down 0.2 percentage points. retail sales of social consumer goods grew by 18.7%; an acceleration of 3.5 percentage points, 0.2 percentage points qoq to accelerate. consumer price (CPI) rose 3.1%. a decline of 0.1%. industrial producer prices (PPI) up rose 7.1%, chain rose 0.6%. In addition, the import and export value in May grew 48.4%; which exports grew 48.5%, 18.1 percentage points to speed up the chain.
Looking at these data, there are several points worth pondering:
First, investment, consumption and export the the problem of data conflicts.
Second, CPI exceeded 3% although the red line, high 2.8% last month,cheap UGG boots, the chain is falling, a little hard to understand, difficult to understand the differences behind the fact base, that last year May a low base or high base last year in April.
Third,Discount UGG boots, PPI , pressure on interest rates is not significantly increased;
2, the economic recovery is in good shape, reducing the dependence on the real estate industry,UGG boots, so the tone control will not change (this is very important,UGGs, if economic data is not ideal, regulation, there to worry about);
3, if the international economic environment does not change much, will not consider changing the current policy (including the
4, the stock market would not have picked up greatly, and most likely hit a new low.
reason for this conclusion is based on the knowledge we have been or are to the real economy and inflation expectations under the anti-virtual economy to pin down.
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