(Beijing Composite Electric) Due to the impact of the new round of epidemic prevention and control measures and squeezing the profit of the factory, the heat waves in many places have led to power -limited production.1.1%.
Comprehensive Bloomberg and Reuters reported that the National Bureau of Statistics of China announced on Saturday (August 27) that the total profit of 4.89 trillion yuan (S $ 99.13 million) above the first seven months of industrial enterprises above designated size this year was decreased year -on -year1.1%, offset a 1.0%growth in the first six months.
The Bureau of Statistics did not give data in July, and the profit of industrial enterprises in June increased by 0.8%year -on -year.
The Chinese economy slowed in July, and retail sales, industrial added value and fixed asset investment were lower than expected by economist.The decision makers have adopted action to support economic growth, including the lowered interim borrowing facilities (MLF) and inverse repurchase operating interest rates, asymmetric depression of the loan market quotation interest rate, and 19 continuation policies for the State Council to consolidate economic recovery.
Economists' views on these measures are not optimistic. They believe that it may not be enough to offset the repeated control of the epidemic and the impact of the real estate market.Bloomberg survey economists estimated that medium value shows that China's economic growth rate is expected to be lower than 4%this year, far lower than the official expectations of "about 5.5%".
