Star Stone Investment: Q3 GDP growth was slightly better than expected has been fixed long bull Manniu

Updated: October 19, 2015  Views: 48

Rock stars investment general manager, chief strategist Miss Yang Ling said that third quarter GDP growth was slightly better than expected, the first half of next year will usher in a moderate economic recovery.

October 19, 2015 morning, the National Bureau of Statistics released the summary of the first three quarters of China's economic situation. The first three quarters of GDP 48.7774 trillion yuan, calculated at comparable prices, an increase of 6.9%. Sub-quarter view, a quarter grew 7.0% in the second quarter increase of 7.0% in the third quarter, an increase of 6.9%. Sub-industries, the primary industry was 3.9195 trillion yuan, an increase of 3.8%, the secondary industry was 19.7799 trillion yuan, an increase of 6.0%, an increase of the tertiary industry the value of 25.0779 trillion yuan, up 8.4% from the chain perspective, the third quarter GDP growth of 1.8%.

GDP grew 6.9%, slightly better than expected, continued optimization of the economic structure: the third quarter GDP grew 6.9%, compared with 7% in the second quarter was somewhat lower, but slightly higher than market expectations of 6.8% from the data, China macro. economy within a reasonable and controllable range of operation, does not have the risk of stalling now economy is in a bottoming phase, steady growth policy in effect, steady growth effect will gradually appear, economy in the first half of next year will usher in probability moderate recovery.

Although the data is lower than the previous value of 7%, but with a series of reform initiatives to implement decentralization style, inspired by the vitality of the reform is a sustained release, continued optimization of the economic structure. The first three quarters, the tertiary industry accounted for gross domestic product specific gravity value was 51.4%, up 2.3 percentage points over the previous year, 10.8 percentage points higher than the second industry. domestic structure was further improved. The first three quarters, the contribution of final consumption expenditure GDP growth rate of 58.4 percent, 9.3 percentage point increase over the previous year. From the beginning of 2012, value added services accounted for the first time after more than two produced by leading industry leading service industry to accelerate the transition to the service sector as the recent steady economic growth is a very important support.

Then open space for the monetary easing, long bull Manniu pattern has been set: From a macro point of view Bureau of Statistics released data today: mainly by the traditional industry overcapacity drag, industrial added value continued to fall, fixed asset investment is still underperforming at present. term, industry still downward pressure on macroeconomic still in the bottoming phase. steady growth in the future policy still overweight, loose monetary policy direction and risk-free interest rate does not change the downward trend is still in relatively ample liquidity Great background, categories of assets transferred to the stock market will continue, and therefore the direction of the future development of the bull market remains intact. However, due to return to the rational stock market leveraged funds to clean up, investors, the future is a big probability healthier long bull Manniu pattern.

Consumption is still the biggest bright spot: Although the data released recently, the September PMI rebounded, PPI stabilized year on year decline, the chain fell narrowed, industrial areas previews signs of stabilization, but downward pressure is still facing a lot different. These data compared with total retail sales of social consumer data continues to rise, the total social retail sales in September rose 10.9 percent, the growth rate of the monthly increase, indicating that consumer industry boom continues to rise, while China's consumption potential is still strong: three quarter of the national per capita disposable income of 16,367 yuan, up 9.2 percent nominal growth, much higher than GDP6.9% growth rate. So in the whole consumer economy for the better, plus some upgrading of the structure associated with the growth rate of apparent consumption sector and other features, the uncertainty of future performance is strong, good growth consumer stocks led the market rise will carry the banner.


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