Ministry Of Industry Investigation Of The First Three Quarters Of Economic Operation: Uncertainty Increases

In September 19th, the Ministry of industry and Commerce convened 15 provinces and cities.

For example, the contradiction between the rising cost of raw materials, the rising cost of labor and the shortage of labor, the shortage of funds for SMEs, the pressure of RMB appreciation and the increase of trade frictions, and the uncertainty of exports.

The Ministry of industry and Commerce official said that these problems need to be seriously, dispassionate, objective analysis, better research countermeasures, and strive to ensure sustained, stable and healthy economic development.

It is reported that the Ministry of industry and Commerce will also hold a forum on economic operation in other provinces and cities in the near future to study the economic problems in the first three quarters of this year.

In September 21st, the International Monetary Fund lowered the economic growth rate of China and the world.

According to the forecast, the global economic growth rate is 4% in the next two years, 0.3 and 0.5 percentage points lower than the forecast in June, indicating that the global economic recovery is facing new challenges.

China's economic growth this year and next will reach 9.5% and 9%, 0.1 and 0.5 percentage points lower than the forecast in June.

The IMF believes that the main reason for the slowdown in China's economy is

The initial value from HSBC showed that in September, China's Manufacturing Purchasing Managers Index (PMI) was 49.4%, a new 2 month low, with new export orders and manufacturing output indices all falling, which may reflect the continued export of September.

The shrinkage of domestic enterprises' external demand is obvious now.

Huang Fajing, chairman of Wenzhou Sun Fung lighter company, told reporters that the lighters' export in the third quarter has not improved.

The export share in the third quarter did not change from the previous quarter, but fell by 30% compared with last year.

The reason for this is mainly the atrophy of the markets in Europe, America and Japan.

The most serious is Japan, not only by the impact of the economic crisis, coupled with the earthquake factors, making China's SMEs export more difficult.

In this case, more lighters enterprises began to turn to the domestic demand market.

However, due to the immature domestic market, various aspects of business mode, sales channel, pportation and storage are different from export, so there is a difficulty in sales pformation.

"At present, the trade friction is quite frequent, coupled with the increase in labor costs, and the simultaneous emergence of unfavorable factors, making it even more difficult for enterprises to survive."

Huang Fajing thinks.

Zhang Yongjun, an expert in China International Economic Exchange Center, told reporters that if China's import growth rate is not lowered soon, the contribution of net exports to the economy will not drop rapidly.

"But the overall economy is not changing at all, so the whole macroeconomic policy needs not be adjusted. It is necessary for us to observe the export situation and observe the fourth quarter, such as October."

He said.

The National Bureau of statistics will publish the first three quarter figures around October 20th.

According to the current figures, the overall industrial growth rate was stable in the first 8 months.

In August 2011, the industrial added value of above scale increased by 13.5%, an increase of 0.5 percentage points lower than that in July. In the August, the added value of industrial added value above scale increased by 1%.

Qu Hongbin, chief economist of HSBC China, said that in September, the decline of HSBC's manufacturing PMI initial value should not be too concerned.

Although export orders are shrinking, overall export growth is still relatively high.

In the first half of this year, the net export contribution to GDP was close to zero. Due to the weakening of China's dependence on net exports, even if exports fell sharply, domestic demand still enough to support 8.5%-9%'s GDP