National Bureau of Statistics released on 17 January 2011, national economic situation, the initial estimates, annual GDP 47.1564 trillion yuan, according to constant prices, increased 9.2% over the previous year.
Sub-quarter view, the first quarter of 2011 grew 9.7%, 9.5% growth in the second quarter, third quarter growth of 9.1%, fourth quarter growth of 8.9%. Operation from the annual economic growth rate gradually declined to see the trend is clear, it is worried about public opinion, China’s economy in 2012 increased downward pressure on economic growth fundamentals will be affected.
Macroeconomic conditions on the evaluation last year, the National Bureau of Statistics, Mr. Ma said that in 2011, the depth of the impact of the international financial crisis continues, the recovery in developed economies struggling euro zone sovereign debt crisis still continue to ferment and spread of emerging economies declining growth rate and inflation are intertwined. In this environment, the realization of China’s economic growth rate of 9.2%, 5.4% of the price control in the general level, “It is not easy.”
He believes that 2011 GDP growth gradually declined, and is the result of active control, “if our national economy to maintain the rate of 8.5% -9%, and prices can be better controlled, mode change faster than the structural adjustment is relatively large, it may be a more ideal overall macroeconomic situation. ”
In fact, China’s economic situation to determine whether the health statistics can be found from several criteria. First look at the real economy of operation. 2011 National-scale industrial added value at constant prices increased by 13.9% over the previous year. Sub-sectors, 39 categories line up all the added value of positive growth. From January to November last year, the national-scale industrial enterprises realized profits of 4.6638 trillion yuan, an increase of 24.4%. Among the 39 major industries, 36 industry profits are growing year on year, three industry profits fell. From this set of data can be seen, the operation of the real economy last year is normal, and the growth speed is not slow.

Secondly, last year, power generation grew by 12.0%, 12.3% growth in steel, cement, up 16.1%, 10 kinds of nonferrous metals increased by 10.6%, up 7.4% ethylene, 3.0% vehicle growth, which cars increased 5.9%. Although the impact of regional policy by the parts, car a greater decline in growth rate over the previous year, but the industry needs to reflect the performance of normal power and demand for raw materials, which is an indirect proof of the economy is still healthy range.
Finally, from the demand, last year’s total investment in fixed assets (excluding farmers) 23.8% nominal growth, real growth of 16.1%; nominal growth in total retail sales of social consumer goods 17.1%, 11.6% real growth; all annual import and export volume grew 22.5%, with exports up 20.3% and imports up 24.9%.

Therefore, the current economy situation, the fundamentals did not obviously flawed. Mr. Ma also said that “China’s urbanization, industrialization, the market process is not the end, the fundamental driving force of China’s economic growth pattern has not changed, the Chinese economy still in the normal growth range, long-term development of the basic pattern has not changed.”
However, the anticipated economic environment in 2012, there are still many uncertainties risk. First, the long-term inflation pressures still exist. Last year, consumer prices rose 5.4%. Among them, the main driving force leading to rising prices of food, its price rose 11.8%, which is a tremendous impact on low-income residents.

Second, the enterprise funds are still tight, production and management is still difficult. State Council Development Research Center of Enterprise Research Institute recently released the “China Enterprise Development Report 2012,” also believes that in 2012 Chinese enterprises since the beginning of this century may be the “most difficult” period. The director of Zhaochang Wen said the world economic situation will remain grim in general complex, international market demand growth is likely to continue to slow domestic economic growth may further correction, to be covered in a variety of rapid growth will continue to highlight the contradictions. Chinese enterprises will face weak demand in both domestic and foreign markets, soaring labor costs, raw material prices continued to rise, land supply has become tighter, the appreciation of the yuan, to further increase the cost of environmental protection and many other challenges.
Third, the international situation is extremely complicated, sluggish economy, resulting in China’s economic operation of the external environment is very severe.
“Internal factors: property control policies, the central end of a large investment, monetary policy tightening after the over-generous; external: European debt crisis, the U.S. economic recovery, uncertainty, and the slowdown in emerging market economies and other issues, have made China uncertain economic environment. “Tsinghua University, China and the World Economy Research Center, Yuan Gangming the reporter said:” The future economic growth will continue for some time declining trend, which is to be expected. ”
Mr. Ma also stressed that the international and domestic environment for the economy in 2012 has added many uncertainties to scientific macro adds a lot of difficulty, so we have a sense of crisis in 2012, should get more difficult to that the initiatives to deal with a more thoughtful point.