On July 29, the National Bureau of Statistics of China (NBSC) publicized the results of its economic monitoring. For the first half of the year, China's macroeconomic early-warning index was 114.9, which placed the economy clearly in the "green light zone."
The NBSC has five classifications for the economy in the macroeconomic early-warning index. With 100 as the ideal level, "red light" signifies the economy is overheated, "yellow" – somewhat hot, "green" – normal, "light blue" – somewhat cold, "blue" – too cold. The early-warning index has 10 indicators, including the industrial production index, investment in fixed assets, total retail sales of consumer goods, total imports and exports, fiscal revenue, industrial enterprise profits, level of disposable income, total lending by financial institutions, M2 money supply, and the consumer price index. In the first half of this year, the Chinese economy grew at an annual rate of 10.4 percent, surpassing the previous year's growth rate by 1.8 percent. According to the NBSC, in the first half of the year, the national economy continued to develop following the adjusted and regulated macroeconomic trend, thus preserving a steady and rapid state of development. At the same time, the rather fast rate of economic growth has slowed down.
By People's Daily Online
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