China Back On Track
Jürg Rupp, Executive Editor
In spite of all the remaining problems, the global economic condition is recovering slightly,
compared to last year. One might say it is not a difficult task to improve from very low figures.
However, some regions of the world are recovering, among them Brazil, and Asia in particular.
China seems to be on track again. China's gross domestic product (GDP) grew 11.9 percent year-on-year in first-quarter 2010 up to 8.06 trillion renminbi (US$1.19 trillion), and fixed asset investments rose 25.6 percent to 3.53 trillion renminbi during the same period. A leading Chinese government think-tank forecasts the country's 2010 economic growth would top the 8-percent target set by the central government by almost 2 percent, and the Chinese Academy of Social Sciences says China's GDP will expand by 9.9 percent this year — 1.2-percent higher than last year's growth rate. And China is sending out many more positive signals to the world.
Around the globe, air traffic is a serious indicator for the society's economic climate. More business flights point to a better industry. China's largest airline, Air China, just reported its benefit has more than doubled compared to last year. The reasons for this development are said to be increased domestic demand and promising forecasts for 2010.
And indeed, other news is very promising, too: According to the Ministry of Human Resources and Social Security, 2.89 million new jobs were created in China's urban areas during the first three months of 2010. In the same period, the urban unemployment rate dropped by 0.1 percent down to 4.2 percent.
In addition, China's Ministry of Commerce predicts a 16-percent year-on-year increase in the country's retail sales for 2010. Acceleration in urbanization will further boost consumption, says the ministry, and social welfare improvements will also encourage consumers to spend. The year of the Tiger is looking good for China: The Asian giant is back on track. Let's hope this will boost the forthcoming ITMA Asia + CITME in Shanghai to promising results.
April/May/June 2010
China seems to be on track again. China's gross domestic product (GDP) grew 11.9 percent year-on-year in first-quarter 2010 up to 8.06 trillion renminbi (US$1.19 trillion), and fixed asset investments rose 25.6 percent to 3.53 trillion renminbi during the same period. A leading Chinese government think-tank forecasts the country's 2010 economic growth would top the 8-percent target set by the central government by almost 2 percent, and the Chinese Academy of Social Sciences says China's GDP will expand by 9.9 percent this year — 1.2-percent higher than last year's growth rate. And China is sending out many more positive signals to the world.
Around the globe, air traffic is a serious indicator for the society's economic climate. More business flights point to a better industry. China's largest airline, Air China, just reported its benefit has more than doubled compared to last year. The reasons for this development are said to be increased domestic demand and promising forecasts for 2010.
And indeed, other news is very promising, too: According to the Ministry of Human Resources and Social Security, 2.89 million new jobs were created in China's urban areas during the first three months of 2010. In the same period, the urban unemployment rate dropped by 0.1 percent down to 4.2 percent.
In addition, China's Ministry of Commerce predicts a 16-percent year-on-year increase in the country's retail sales for 2010. Acceleration in urbanization will further boost consumption, says the ministry, and social welfare improvements will also encourage consumers to spend. The year of the Tiger is looking good for China: The Asian giant is back on track. Let's hope this will boost the forthcoming ITMA Asia + CITME in Shanghai to promising results.
April/May/June 2010
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中国重上增长轨道
尽管全球各地问题依然，然而相较去年，环球的经济环境仍然现出了轻微复苏之势。也许大家会认为，要凌驾过往极差的经济数据，并非难事；不过事实是，有些国家已走上复苏的大道，巴西是一例，亚洲的表现更为明显。
中国似乎也回复增长了。中国的国内生产总值(GDP)，以2010年首季计，较去年同期增长11.9%，总值达至8.06 万亿人民币 (1.19万亿美元)；至于同期的固定资产投资额，则
上升25.6%，至3.53万亿人民币。中国政府的领先智囊团预测，中国2010年的经济增幅，会较中央政府厘定的8%高出2%；至
于中国社会科学院则认为今年中国的国内生产总值将可达至9.9%─较去年的增幅高出1.2%。与此同时，中国亦于经济发展方面，向全球发出多个正面的信息。
综观全球情况，航空交通蔚为社会上经济气候的重要指标，因为商业航班会指向发展较佳的行业。作为中国最大型的航空企业，中国航空刚发表报告，表示今年的盈利较去年增长高出一倍，原因是国内需求大增，以
及预测2010年前景向好。
其它信息亦相当正面：按中国人力资源和社会保障部的数据，2010年前三个月，中国城市的新增职位共289万个；而城市失业率为4.2%，下跌0.1%。