An employee works at a machinery equipment factory in Xuanhua Discount Air Max 90 Wholesale UK , North China's Hebei Province. Photo: CFP China's economy is still healthy, experts told the Global Times, even though economic data for April has pointed to weakening growth momentum. However, a broader economic slowdown might be seen later this year, they said.
The economic figures were disclosed by Xing Zhihong, spokesman for the National Bureau of Statistics (NBS), during a press conference on Monday. In April Air Max 90 Wholesale Outlet , China's value-added industrial output rose by 6.5 percent year-on-year, down from the 7.6 percent growth in March.
Also, China's non-rural fixed-assets investment rose 8.9 percent from January to April, down from 9.2 percent in the first three months this year.
The investment slowdown was mainly due to decreased capital inflows into projects, Liu Xuezhi, a senior analyst at Bank of Communications, told the Global Times on Monday.
"Given the economic slowdown Air Max 90 Wholesale Online UK , we can see manufacturing investment remains at a low level. Some small and medium-sized enterprises are not willing to expand their investment," Liu noted.
In terms of consumption, China's retail sales in April rose 10.7 percent year-on-year to 2.73 trillion yuan ($396 billion), down from 10.9 percent growth in the previous month.
The data prompted some overseas media outlets to voice suspicions about the overall health of China's economy. CNBC, for example, said in a report on Monday that the figures show China's economy is slowing down in growth momentum and is losing steam. The Wall Street Journal also expressed concerns about the state of China's economy in a report on Monday.
Good outweighs bad
But experts all stressed to the Global times that China's economy is still on the right track.
Liu Dongliang, a senior analyst at China Merchants Bank Air Max 90 Trainers Wholesale UK , said in a research note sent to the Global Times Monday that there's no evidence of any worrying economic turning point, and that the domestic economy is still in good shape.
"The slowdown demonstrated by certain economic data in April is only to a mild extent," he said.
This point was also emphasized by Xing during the press conference, saying that although the industrial sector slowed compared with March, 6.5 percent growth is still a relatively strong level. "The changes (in March and April) are just fluctuations within an appropriate range," he noted.
Liu Dongliang said that the economic data for April showed some positive factors that "outnumbered" the negative factors. For example, investment in the real estate sector surged 9.3 percent year-on-year from January to April to 2.77 trillion yuan Air Max 90 2019 Wholesale UK , up from 9.1 percent growth in the first three months this year. China's trade also rose in April by 16.2 percent year-on-year to 2.22 trillion yuan.
"The main tone of stability has not changed," Xing said during the press conference.
Fall may be coming
But experts have warned that the future is not all bright, as the country's economic growth might fall back in the second half of this year.
"Low- and middle-level manufacturing is facing challenges like a capacity glut, and production lines need to be upgraded," Dong Dengxin, director of the Finance and Securities Institute at Wuhan University of Science and Technology, told the Global Times on Monday.
According to Liu Dongliang Air Max 90 Wholesale Free Shipping UK , the pressure on the industrial sector as a result of the falling producer price index (PPI), which measures the prices of goods at the factory gate, will continue. China's PPI rose 6.4 percent year-on-year in April, down from 7.6 percent in March, according to the NBS on Wednesday.
"Weighed down by the falling PPI trend, China's industrial companies are seeing an end to their production cycle and profit cycle, and it is highly probable that the domestic economy will gradually fall back in the future Air Max 90 Wholesale China UK ," Liu said.
But the economic turning point will arrive later than expected and the effects will be relatively mild, he added.
Brian Jackson, China economist at IHS Markit, said in a report sent to the Global Times on Monday that China's April economic data was consistent with expectations of a downward slide in growth in the remainder of 2017, and that the authorities will continue to stoke growth to ensure China meets the GDP growth target.
But Dong was confident that the growth target of around 6.5 percent will be realized thanks to the increasing contribution from tertiary industry. He also noted that a consumption-led economic growth trend is emerging and will contribute more in the future.
THE HAGUE, May 8 (Xinhua) -- An International Criminal Court (ICC) prosecutor has condemned the recent abduction of 234 Nigerian schoolgirls by extremist Islamic group Boko Haram.
Fatou Bensouda said crimes by the group, which has committed a large number of atrocities in recent years Kids Air Max 90 Wholesale UK , fall within ICC's jurisdiction.
Boko Haram, a sect which seeks to enshrine Islamic Sharia law in the constitution, claimed responsibility for the mid-April kidnapping in Chibok in a video released Monday.
Claiming the girls as "slaves", the group threatened to sell them "in the market" and "marry them off."
"The troubling phenomenon of targeting females during conflict cannot be tolerated and must be stopped," said Bensouda, who urged all-out efforts to bring those responsible for such acts to justice either in Nigeria or at the ICC.
She expressed her support for the victim families and the Nigerian people and demanded the group return the girls unharmed to their communities.
The incident has already drawn several pledges of help from the international community.
Nigeria, Africa's most populous country Mens Air Max 90 Wholesale UK , is currently grappling with security challenges, including the Boko Haram insurgency.
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