National Bureau of Statistics of China (NBSC) announced on April 29th that the monitoring results indicate that China's macro-economic early-warning index for the 1st quarter is 113.3, in the "green light zone."
Macroeconomic early warning index for the optimal level is 100. "Green light zone" shows that the economy operates normally.
Statistics show that in the first quarter this year, China's economy grew 10.6 percent year-on-year, down 1.1 percentage point. The NBSC noted that the national economy in the first quarter operates smoothly in general.
The results also revealed that China's macro-economic antecedent index in the first quarter was 103.0 (100 in the year 1996); coincident index was 102.6; and lagging index was 102.0.
Statistical experts said the coincident index, integrated by industrial production, employment, social needs and social income, reflects the basic trend of the economic development; the antecedent index is used to predict the economic future trend; the lagging index is used to confirm the peaks and valley in economic cycle.
By People's Daily Online
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