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GDP of the First Half of 2012 in Anhui is Expecting an 11.7% Increase

Pub Date: 12-07-10 14:37 Source: www.cnanhui.org

The Forecasting Office of Anhui Economic Information Center published the Blue Page of the Economy yesterday, indicating a hopeful 11.7% rise in GDP of Anhui province in the first six months of this year.

The Blue Page showed that the province's overall economy has been growing at a fast pace, but will be faced with pressure in the second half of the year. Consequently, the economic trend line then might increase in a more smooth and steady manner.

The Economy of the Third Quarter Would Be Stabilized 

The growth rate of GDP in Anhui this year was aimed to surpass 10% and according to experts from the Forecasting Office, the goal would very likely be achieved since the economic trend might go stable in the third quarter and then enjoy a steadily rise in the fourth quarter.

The experts pointed out that during the first half of this year the industrial production was going on a road with little optimism. The growth rate of the investment in the field continued to slow down and eventually reached the bottom of 16.9% this May, the first time below 20% in recent years. To ease the situation, the emerging effects of the stimulus policy would lessen the conflict between supply and demand as a number of major projects were beginning construction, and would as well prompt the development of household electrical appliance production and automobile industry by the implementation of the New Energy-saving and  Civilian Subsidy Policy. "All these factors contribute to the stabilizing trend in the second half of the year," said the expert.

The Price of Commodities Would Go Down in the Second Half of the Year

It was predicted that in the second half of the year, the growth rate of CPI in Anhui would continue to go down as an impact of the economic trend. The growth rate of the whole year could be controlled to 4% as the predicted rate of the second half being 2.3%.

According to statistics, CPI increased by 3.2% during the first five months. From the global perspective, the oil price would not rise up temporarily; the demand was not enough to stimulate the operation of the market; food price was going smoothly with little possibility to rise. All in all, since the price rise in the end of last year had little influence on the second half of this year, CPI during the period might increase by 2.3% while PPI might have a 2.2% decrease.

Merger and Reorganization Would become Prevailing in Industries

Merger and reorganization are the natural results of economic adjustment. The future of industry in Anhui well explains this rule. Experts from the Economic Information Center indicated that merger and reorganization would become the prevailing solution to the tightening demand, excess production capacity and fierce competition.

It was said that the national government had proposed to support merger and reorganization in industries. Ministry of Industry and Information Technology was putting forward Suggestions to Promoting Merger and Reorganization in Iron and Steel Industry this year and Commission of Economy and Information in Anhui had been discussing on Instructions on Prospering Anhui's Leading Industries, emphasizing on the advantages of provincially owned brands and trying to establish a leading national automobile corporation.

 

(By Song Meng)

Editor: Rita

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