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  • 亿万先生:BEIJING-China'seconomyislikelytogrowby6.8percentyearonyearinthefirstquarteroftheyearasproductionactivitiesandinvestmentpickedup,accordingtoaChinesegovernmentthinktankreportWednesday.Thefirmingtrendinthefourthquarterlastyearhascontinuedintothefirstquarterof2017,accordingtotheNationalAcademyofEconomicStrategy(NAES),citingahugeriseinfactory-gateprices,reboundingcorporateprofitsandincreasingimports.Consumerpriceswillriseby1.4percentinthefirstthreemonthsofthisyear,accordingtoNAES,whichisaffiliatedtotheChineseAcademyofSocialSciences."Despitedownwardpressure,China'seconomyhasbeenoperatinginagoodstate,"saidWangHongju,aresearcherwithNAES."Thefocusofmacro-economicpoliciesshouldbeputinsupply-siderestructuralreformstoboostpotentialoutputinthelongrun."NAESestimatedthatChina'seconomywouldexpandby6.7percentinthefirsthalfoftheyearasindustrialproductionwaslikelytoincreasemoderatelyinthesecondquarter,whileinvestmentwouldseeslightlyslowergrowth.ConsumptionwillgrowsteadilyintheApril-Juneperiod,butitwillbedifficulttofindimprovementinexports,accordingtothereport.TheChinesegovernmenttrimmedits2017growthtargettoaround6.5percent,thelowestinaquarterofacentury.ThereportsaidtheChinesegovernmentshouldguardagainstrisksinthepropertyandfinancialsectorsbyproperlymanagingmonetaryandlandsupply"floodgates."Tocurbexcessivegrowthinhousepricesincertaincities,exceptforpurchaserestrictions,thegovernmentshouldalsoworktoimprovemarketsupplyandkeepmonetaryexpansionundercontrol,accordingtothereport.

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