August economic data is expected to rebound across the board and exports are expected to grow

From September 11 to 15, the macroeconomic data will be made public in August. Recently, a survey of 31 analysts showed that with the gradual exertion of the Chinese government's policy effect on domestic demand and the global economic recovery, economic data in August is expected to rebound across the board, and even the export industry, which has not been optimistic, is expected to decline. The sharp narrowing shows that the pace of China's economic recovery has become firmer.
The General Administration of Customs said that the export will increase. The Deputy Director of the General Administration of Customs, Li Kenong, said on Monday that exports in August are expected to increase from last month, and the year-on-year decline is also narrower than that in July. The overall outlook for exports has improved. However, Li Kenong did not disclose specific data. He said in the news conference of the new state office, "From the data of recent months, we can say that China's exports will definitely get better and better, but when it will resume positive growth, it is not easy to say."
Loan growth will be more stable Digital sources revealed that the preliminary statistics of China's banking industry's new loans in August was 320 billion yuan, the second consecutive month to hit a new low for the year. Market participants generally speculate that after the second half of the year, the central bank's monetary policy implementation focus has shifted from “moderately loose” to “dynamic fine-tuning”, and the market that is pushed up by liquidity will come to an end.
However, "actual tightening measures will not be as severe as those of some market participants, because the government is still worried about how to maintain a sustained economic recovery." Goldman Sachs analysts Qiao Hong and Song Yu in their latest report Said.
Liu Mingkang, chairman of the China Banking Regulatory Commission, said in Basel, Switzerland on the 5th that the growth rate of China's loans is benign and reasonable, and will be more stable in the second half of the year. Government officials have recently reiterated that they will continue to adhere to a proactive fiscal policy and a moderately loose monetary policy.
CPI will bottom out in August CPI and PPI's decline will also narrowly confirm that China is coming out of deflation. Bank of Communications Research Department Tang Jianwei said that although the CPI growth rate in August will continue to grow negative for the seventh consecutive month, the decline has narrowed sharply. August should be the turning point of CPI during the year, and the future CPI will begin to bottom out.

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