China's business climate declines experts claim to confirm economic slowdown

According to the national business climate survey released by the National Bureau of Statistics yesterday, the national business climate index in the second quarter was 137.4, slightly higher than the 136.2 in the first quarter, and the increase in business climate was smaller than that in the same period in recent years. On the whole, the business climate index is still operating at a high level. However, due to the impact of various natural disasters and the slowdown of world economic growth, there has been a significant drop from the previous year's 146.0.

Experts believe that the relevant data confirms the fact that the Chinese economy has slowed down.

The business climate index is based on a survey conducted by the National Bureau of Statistics on 19,500 enterprises of various types throughout the country. The index has been compiled since 1998 to reflect the current economic conditions with values ​​ranging from 0 to 200. When the index is greater than 100, it means that the economy is in an upward state; and when the index is less than 100, it means that the economic growth is in recession.

According to the survey data, in the second quarter, the business index of information transmission computer services and software industry was 162.9, which continued to be at a high level of prosperity, which was 3.9 and 4.4 points higher than the first quarter and the same period of the previous year. The construction industry was affected by seasonal factors, and the business sentiment index rose to 144.2, which was higher than the first quarter and the same period of last year. The business climate indices for industrial, transportation, warehousing and postal services, wholesale and retail, real estate, social services, accommodation, and catering industries were 135.7, 129.0, 147.5, 131.8, 124.8, and 121.3, respectively, compared with the first quarter. The increase was 2.4 points, the real estate industry was flat, and other industries declined.

In terms of sub-categories, the business climate index is still at a high level, and the boom in the construction industry rebounded due to the demand for post-earthquake reconstruction. It is expected that the construction industry will continue to improve in the second half of the year; however, real estate and other industries are affected by the macro adjustment. , signs of sluggish economy.

All registered companies are in the boom zone. However, compared with the same period of last year, the prosperity index of state-owned enterprises, collective enterprises, joint-stock cooperative companies, limited liability companies, joint stock companies, private companies, foreign companies, and Hong Kong, Macao and Taiwan businessmen fell by 5 to 16 points.

According to the survey, in the second quarter, the prosperity indices of the members of the state key enterprises, listed companies, and national pilot companies were 164.6, 164.1 and 163.7 respectively. Compared with the first quarter, the highs fell slightly; compared with the same period of last year, the drop ranged from 10 to 15 points.

In the second quarter, the business climate indices of large, medium, and small enterprises were 155.9, 125.3, and 115.7, respectively, which were the same as the first quarter, but they were 170.1, 132.4, and 120.2 in the same period of last year, both of which had obvious declines.

Relevant experts believe that from the above data, it shows that China's economic operation has seen a trend of a high level of decline, and that China's economy is undergoing a test and the operating pressure of enterprises has increased. According to data released by the Bureau of Statistics before this year, from January to May this year, the profits of industrial enterprises above designated size in China reached 1,044.4 billion yuan, a year-on-year increase of 20.9%. This increase was significantly lower than the same period last year by 21.2 percentage points, mainly due to the oil price upside down, the sharp increase in coal prices caused by the oil processing industry, a serious loss, the power industry profits fell sharply. On the other hand, the decline in the corporate climate index also shows that the tightening policy since 2007 has begun to play a role.

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