The National People’s Congress report: economic collapse mode and plate area part of the decline in risk is still people’s Congress report: economic decline and collapse mode of plate area there is still a risk of the China Times reporter Chen Yanpeng Beijing reported that the national economy has entered a new norm, some provinces GDP fell cliff style. In particular, the nominal growth rate of GDP in Shanxi and Northeast China is lower than the actual growth rate, and it is in substantial deflation." Renmin University of China School of economics professor Fan Zhiyong said, "the local economic growth not only led to a protracted slowdown in income growth slowed and even the long-term income absolute decline, local government revenue will also decline, weakening the ability of local governments to implement macroeconomic policy." In September 14th, the Renmin University of China and the National Development Strategy Research Institute, School of economics, China credit management Limited by Share Ltd jointly organized the "Chinese macroeconomic forum" Macroeconomic monthly data analysis will be held at the people’s university. Fan Zhiyong on behalf of the task force released a monthly analysis of macroeconomic data. The report notes that the areas of economic growth and fiscal revenue is often the collapse of the phenomenon of the "three to one to fill a" work in the most important areas. In this context, we should pay more attention to the problem of local fiscal revenue collapse, especially the livelihood problems caused by the sudden change of the basic fiscal revenue. National Bureau of statistics released a batch of data on the previous day. A number of macroeconomic data show that Chinese continued after the emerging phenomenon of stabilization. The report said, to stabilize the macroeconomic phenomenon in the following aspects: first, the producer price index (PPI) fell by a further narrowing of the negative value growth rate, the industrial sector showed signs of recovery in the early. Second, narrowing the dollar denominated export decline, exports of RMB denominated in 3 consecutive months of positive growth, improve the effect of the devaluation of the renminbi to trade early. Third, industrial production has been steadily. Fourth, August manufacturing PMI index reached 50.4, reversing the downward trend in the past few months, the indirect support of the manufacturing sector to determine recovery. But the foundation is not solid stabilization, macroeconomic risks are still in the accumulation phase." Fan Zhiyong said. The report pointed out that the basis of macroeconomic instability is reflected in at least two aspects: first, the lack of consumer demand, the price index is still negative growth risk. August consumer price index (CPI) year on year growth of 1.3%, the lowest since 2016. "Since 2016, the consumer price index is again on the downside, now slightly above the critical threshold for deflation," said." Report said. Fan Zhiyong research found that, from the breakdown of commodity categories, the consumer price index fell mainly due to the continuous rise in pork prices fell. From a macroeconomic point of view, may be associated with the continuous downward monetary growth since 2016. Since 2016, the broad money (M2) growth continued to decline, down from 14% in early July to 10.2% in 2008, almost in the financial crisis相关的主题文章: