经济开局难在哪儿?

It's Hard to Start

虽然政府已经把2015年经济增长目标下调至7％，但实现起来依然不轻松。

The data issued by the National Bureau of Statistics of the P.R.C. indicated that the country's economy has been facing a hard opening in this year. The industries, the investments and the consumption sharply declined again.The industries have faced very bad situations. The year-on-year growth of the industrial value added of January and February rose only 6.8%, the lowest since December 2008.The deduction of productivity and the deflation in industrial sector have already encumbered the industrial growth.China's consumption had been relatively stable,but also sharply decreased recently, possibly due to therapid decline of prices which depressed the nominal consumption. Although the total retail sales of consumer goods in the first two months got a year-on-year growth of 10.7%, but it was still dropped by 1.2 percentage points. If we exclude the impact of prices, the actual consumption dropped by only 0.5 percentage points. The consumption was substantially less bad than what the data had displayed.As the economy has kept struggling under pressure, it's necessary to implement RRR cuts and interest rate cuts,and to set forth more active fiscal policies. Fortunately, the Ministry of Finance has started.