According to Futu News on January 22, at a press conference held by the National Development and Reform Commission on macroeconomic operation today, a reporter asked that some institutions and media outside China thought that China's real growth in 2018 was only 4.1%. Some think it's even lower. In this regard, the press spokesman made a wonderful response.

Reporter for Phoenix Satellite TV:
Yesterday, the Bureau of Statistics announced that the economic growth rate in the mainland is 6.6%, but some overseas institutions and media have given their analysis. Some think that the real growth rate is only 4.1%, and some think that it is even lower. Do you have any comment on this? Thank you.

Meng Wei:
Thank you for your question. Yesterday, the National Bureau of Statistics released economic data for the whole year. Judging from the data released, China's economic operation remained within a reasonable range in 2018, achieving the expected target of economic growth. About what you mentioned about the media's views on the actual growth of China's economy.I don't know what the basis is, but I think it's better to speak with facts and data.Here are some data for you.

First,Judging from the physical data. In 2018, the electricity consumption of the whole society increased by 8.5% over the same period last year, the highest increase since 2012. while the new consumption of coal was strictly controlled, the consumption of coal still increased by about 150 million tons. natural gas has increased by more than 40 billion square meters, or more than 17%. For the whole year, the freight volume of the whole society increased by about 7%, of which the railway freight volume increased by 9.1%. Physical volume indicators are the most direct reflection of economic growth, and these physical volume data can effectively support the annual economic growth data.

Second,Judging from the associated data. Looking at the three major industries, for the whole of 2018, the added value of industries above the national scale increased by 6.2% in real terms over the same period last year, the production index of the service industry increased by 7.7%, and the added value of primary production increased by 3.5%. Looking at the three major demand, investment in fixed assets grew by 5.9% in 2018 and rebounded month by month in the fourth quarter, with retail sales of consumer goods growing by 9%, and imports and exports denominated in RMB increased by 9.7% for the whole year. In terms of employment and income, 13.61 million new urban jobs were created in 2001, an increase of 100000 over the previous year. In the first 11 months, national fiscal revenue increased by 6.5 percent, and this was achieved under the condition that the scale of tax and fee reductions reached 1.3 trillion yuan throughout the year, and the profits of industrial enterprises above scale increased by 11.8 percent. In 2018, the per capita disposable income of residents increased by 6.5% in real terms. No matter which of the three methods of GDP accounting, the data supporting the growth rate of about 6.5 per cent match.

ThirdAccording to the predictions of international organizations. In early January this year, the World Bank released the latest issue of the Global Economic Outlook, which expects China's economy to grow by 6.5% in 2018, while the International Monetary Fund and the OECD forecast China's GDP growth rate of 6.5% in 2018. 6.6%. The forecasts of these international organizations should be said to be comparable and persuasive.

Last,What I want to say is that China's economy has great resilience, potential and room for manoeuvre. China's development is still and will be in a period of important strategic opportunities for a long time, and the fundamentals of healthy and stable economic development have not changed. the conditions of production factors supporting high-quality development have not changed, and the overall momentum of long-term stability and improvement has not changed. We do not pursue high speed and pay more attention to high-quality development, but China's economy has the conditions, potential and ability to maintain a reasonable range of growth.