国内英语资讯:Economic Watch: Chinas growth outlook positive despite uncertainties_时事

国内英语资讯:Economic Watch: Chinas growth outlook positive despite uncertainties

The consumer price index increased 1.4 percent in the first four months of the year, well below the government target of around 3 percent for the year.

Chinese people's per capita real disposable income, after inflation, increased 7 percent in the first quarter, outpacing the GDP growth rate of 6.9 percent in the period.

In the first four months, supply-side structural reform was pushed forward as effort in cutting overcapacity, reducing inventory, deleveraging, lowering costs and strengthening weak links made fresh progress.

As of the end of April, 31.7 million tonnes of steel and iron capacity and 68.97 million tonnes of coal capacity had been cut, accounting for 63.4 percent and 46 percent of their annual goals separately.

In terms of floor area, property inventory fell 7.2 percent in the first four months, larger than the 6.4-percent decline in the same period last year.

The leverage ratio of large industrial companies stood at 56.2 percent by the end of March, down 0.7 percentage points year on year. Meanwhile, the average cost for those companies was 85.25 yuan (12.4 U.S. dollars) for each 100 yuan of main business revenue, down 0.15 yuan from the same period last year.

To strengthen weak links, investment in environmental protection, public facilities and water resources management increased by 50.4 percent, 28.4 percent and 16.1 percent respectively in the first four months, all higher than the average investment growth rate.