Recently, the British and American mainstream media multi-dimension a deep-seated observation of the signs of China's economic recovery, from the analysis of the new development pattern to the discovery of consumption beyond expectations, from the data to the recovery of the manufacturing industry to the performance of the service industry, from the export contrarian growth to the RMB exchange rate strengthened. Foreign media analysis believes that on the one hand, it reflects the "more assured market" after the meeting between China and the United States in August, and the relief of investors' worries; On the other hand, it reflects the vitality, toughness and potential of Chinese market entities, china's economy showed a comprehensive recovery in the third and fourth quarters, and the outside world continued to be optimistic about China's economic trend.
One is to analyze China's economic double-cycle policy. The Wall Street Journal reported on September 1 that in recent months, Chinese leaders have called for accelerating the pace of economic inner circulation, especially when the world is faced with economic recession and geopolitical tensions are increasing. Many economists doubt whether China's reliance on infrastructure investment to stimulate the economy can be sustained, but London-based Kaitou macro said in a report to customers on August 31, they believe that "the recovery led by investment will eventually consolidate investor sentiment and household spending and keep the overall economic recovery on track".
The second is to believe that China is experiencing a consumption return that the US hawk has not envisaged. The Wall Street Journal reported on September 1 that under the stimulation of domestic consumer shopping, some well-known foreign brands surged in sales in China, easing the impact of the epidemic. For these companies, strong sales in the Chinese market are not enough to offset the weakness in other regions, but in the future they may focus more on selling products to Chinese consumers. The report said that although this is not the backflow previously envisaged by the US Hawk, it is currently the most eye-catching backflow behavior.
The third is to focus on the Chinese official PMI for six consecutive months in August. The Wall Street Journal reported on August 31 that China's National Bureau of Statistics and the Federation of Logistics and Purchasing jointly released data on Monday, showing that the official manufacturing Purchase Management Index (PMI) recorded 51.0 in August, A slight decrease of 0.1 percent age points from last month, but it is still above the critical point for six consecutive months. On September 1, Reuters reported that Caixin/Markit jointly announced on Tuesday that the seasonally adjusted manufacturing Purchase Management Index (PMI) in China in August rose to 53.1, higher than the Reuters survey estimate of 52.6 and 52.8 last month, and hit the highest level since January, 2011; The new export order index stood on the line of ups and downs for the first time in the year.
Fourth, it is said that the service industry has performed well, and domestic demand has promoted China's economic recovery. The Financial Times reported on August 31 that China's service sector activities increased significantly in August, indicating that domestic demand is improving as China's economic recovery continues to accelerate. The improvement of the service industry shows that China's overall economic recovery driven by the industrial growth supported by the government is leading to those enterprises hit hard by the outbreak of the new top epidemic and the subsequent anti-epidemic measures.
The fifth is to say that China's exports have grown against the trend under the influence of trade wars and epidemic situations. The New York Times reported on August 31 that despite Trump's tariffs and the new Crown epidemic, China's exports are still increasing. The proportion of Chinese enterprises in the total amount of global export commodities is also increasing, which reflects the resilience of Chinese enterprises when facing great challenges. This toughness is not only because China has low-cost, skilled labor and efficient infrastructure, but also because China's state-controlled banking system provides more loans for enterprises to cope with the epidemic.
The sixth is that trade and economic worries have subsided, causing the renminbi to rise to a higher than a year's high. The Wall Street Journal reported on September 1 that the RMB exchange rate has risen to its highest level in more than a year at a time when China's economy continues to recover and investors are worried about Hua Jia's new tariffs. Mansour, chief economist of the Bank of Singapore, said, "the performance of the Chinese economy is obviously better than that of developed economies, which is good for the renminbi." Senior U.S. and Chinese officials reiterated their commitment to the first phase of the trade agreement between the two countries last week. Samir Goell, the chief Asian macro strategist of Deutsche Bank, said, "The market became more relieved in August, believing that there was no tendency or interest to withdraw from the trade agreement in America."