Industrial growth continued to fall for the third quarter in a row
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December 13 18:10:48, 2018
The press conference of the State Council Office held on the 26th revealed that the added value of industrial enterprises above designated size increased by 14.2% in the first three quarters; the industrial growth in the first, second and third quarters was 14.4%, 14% and 13.8% respectively, which increased for three consecutive quarters. Slow down. In the same period, the export delivery value of industrial enterprises above designated size increased by 18.4% year-on-year, which was 11.1% lower than the growth rate of all sales value. The first, second and third quarters increased by 20.9%, 17.7% and 17.1% respectively, which also showed a downward trend. Xiao Chunquan, director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, said that the first three quarters were in a relatively stable and somewhat declining trend. It is expected that the industrial economy will continue to maintain steady and rapid growth in the fourth quarter, but it is likely to fall in individual months. Xiao Chunquan pointed out that at present, the international sovereign debt crisis in Europe and the United States continues to ferment. The unemployment rate in the developed countries remains high and the international demand weakens. At the same time, domestic prices have continued to rise at a high level despite the year-on-year growth. These factors have had a certain impact on industrial growth. In addition, the prices of energy and raw materials remain high, and the cost of wages continues to rise, which has affected the production and operation of industrial enterprises to a certain extent. In judging the future industrial growth situation, Xiao Chunquan believes that as the European and American sovereign debt crisis is still spreading, there will still be many uncertainties in the export of industrial products next year; with the gradual withdrawal of a series of stimulus policies and large-scale investment in response to the financial crisis, Industrial growth will show a normal decline, but it is conducive to promoting economic growth from a policy-stimulated inward-to-inward dynamic, and is the goal that macroeconomic regulation and control hopes to achieve. At the beginning of this year, the Ministry of Industry and Information Technology determined that the growth target of industrial added value above designated size in 2011 was 11%. Xiao Chunquan believes that this year's annual target of 11% growth in industrial added value can be achieved. The "Summer Report on China's Industrial Economic Operation 2011" released by the Ministry of Industry and Information Technology has been optimistic that the annual added value of industrial enterprises above designated size will increase by about 13.5%. However, the problem of overcapacity in some industries is outstanding, and the pressure to eliminate backward production capacity will increase the impact on future industrial growth. According to the above report, at present, there are overcapacity problems in industries such as steel making, iron making, electrolytic aluminum, coke, cement, and chemical fiber. In the “Twelfth Five-Year Plan†period, it is still necessary to eliminate 70 million tons of ironmaking and more than 250 million tons of cement. The backward production capacity of 6 million tons of ferroalloys and 40 million tons of coke. In 2011, 10 of the 18 industrial sectors involved in eliminating backward production capacity have a larger target than last year, in terms of personnel resettlement, debt disposal, and local interests. Faced with greater difficulty and pressure.