RUC NADS Held the Monthly Conference on Macroeconomic Data Analysis (Mar. 2019)

On Mar. 16, 2019, the monthly conference on macroeconomic data analysis, jointly hosted by the National Academy of Development and Strategy (NADS), the School of Economics, Renmin University of China (RUC), and China Chengxin International Credit Rating Co., Ltd. (CCXI), was successfully held at RUC.

Attendees of this conference were Yan Yan, Chairman of CCXI, Joint Deputy Dean of Institute of Economic Research, RUC, Chen Weidong, Dean of International Finance Research at Bank of China, Niu Li, Deputy Director of Economic Forecasting Department at the State Information Center, Zhong Zhengsheng, Managing Director of Caixin Insight, and Yang Ruilong, Joint Dean of Institute of Economic Research, RUC.

Liu Ruiming, Research Fellow of RUC NADS, presented on behalf of the research group the monthly report of macroeconomic data analysis in February 2019.

From January to February, despite all the unfavorable influence caused by anti-globalization, changing global financial market, and China-US trade tensions, China economy managed to maintain an overall stable growth, seeing an increase of 5.3% year-on-year in added value of industrial enterprises above designated size, up 6.1% year-on-year in national fixed asset investment, 8.2% year-on-year growth in total social retail sales, 13.6% year-on-year increase in online retail sales, and 1.5% year-on-year growth in consumer price index.

However, foreign trade is under stress with total import and export value down 3.9% year-on-year, and a downturn of entrepreneur confidence index and several leading index.

In the future, China shall further push forward the reform and opening-up and support the development of private sector so as to resist the downward pressures and drag Chinese economy out of its plight.