Happy Children's Day, China Economic in first 5 months of 2021

Happy Children's Day, China Economic in first 5 months of 2021

Summary

As the economy continues to grow, imports will become the key to ensuring supply and price stability. Industrial production is still in a pattern of stable demand and greater supply pressure.

Happy Children's Day, China Economic in first 5 months of 2021
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Exports: The high increase in exports in April was mainly due to the better fundamentals of important overseas economies, and the epidemic has repeatedly suppressed global supply capacity. From the perspective of export structure, affected by the base of the same period, epidemic prevention materials have weakened, and traditional commodities have shown rapid growth. Looking into the future, the PMI index of important economies has shown signs of peaking, and the slowing of demand will have a certain impact on my country's export growth rate. At the same time, the rise in the exchange rate will further reduce the competitiveness of some export products. Taking into account the global economic recovery and the epidemic, the export of toys, textiles and clothing that have recovered slowly in the early stage will accelerate, and the real estate cycle and the electronic automobile industry chain will maintain a certain degree of prosperity. In summary, combined with the base figures for the same period, it is predicted that the export growth rate in May will maintain a relatively high growth rate, but the margin will weaken.

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