Statistics Bureau: Engel'S Coefficient Rebounded &Nbsp, And People'S Wealth Declined.

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GDP continues to slow down and consolidate economy

According to Statistics Bureau, GDP saw quarterly growth of 11.9% in the first quarter, 10.3% in the two quarter and 9.6% in the three quarter.

In response, Sheng Lai Yun said yesterday at the news conference of the State Council that although the growth of gross domestic product (GDP) continued to decline in the three quarter, the decline was narrowed, and the growth rate of industrial production was also the same.

Although a number of indicators indicate that the economic growth rate has dropped significantly, the overall judgement of the current national economy is to continue to move towards the expected direction of macroeconomic regulation and control, and the momentum of economic prosperity is further consolidated.

CPI innovating high food and living contribute 90%

For the CPI rise in September, Sheng said that the new price increase accounted for 64% of the year-on-year increase in CPI, of which two factors contributed to 90% of the rise in food prices and the rise in housing prices.

He predicted that despite the upward pressure on prices, if the latter inflation expectations are well managed, it is still possible and possible to achieve the goal of macroeconomic regulation and control throughout the year.

For the question that CPI value is lower than people's feelings, Sheng Lai Yun said: "we can determine the weights by means of the average structure of the consumption expenditure of about 100 thousand households, which is objective and unique."

Real estate bubble should not pay too much attention to housing prices

When asked about the bubble phenomenon of China's land and real estate market, the real estate price should rise by 0.5% in September, but real estate regulation should not pay much attention to the change of real estate prices. Real estate regulation is a "combination boxing" and a "package plan". It includes not only price control but also investment demand control, and a series of measures, such as increasing the supply of real estate.

He said, for example, that the demand for real estate investment has been significantly curbed.

The drop in sales in some cities is mainly speculative demand.

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Yesterday, the National Bureau of Statistics spokesman Sheng Lai Yun said that the current Engel coefficient in China is around 40% (basically maintained at around 37%).

Engel's coefficient rebounded again, which means that food expenditure rose in household expenditure and the wealth of people's lives declined.

In Guangzhou, Ms. Lee has four family members, both husband and wife are white-collar workers. Because their husbands work in the field, children eat at noon at school, usually only two or 3 people eat. In the second half of last year, the mother-in-law spent about 1000 yuan on buying vegetables every month. Now, the mother-in-law said that it was not enough to spend 1400 yuan. Ordinary vegetables could be bought at one or two yuan last year, and now it is almost 3 yuan.

The proportion of meals in family expenses increased by four or five percentage points.

The quality of life in poor families is getting worse.

Tang Min, Deputy Secretary General of the China Development Research Foundation, said that the CPI data is good for farmers. Although they will not benefit immediately, they will benefit from it in the future.

For urban residents, it is not a good thing, especially for low-income groups. The rebound of Engel's coefficient means a decline in living standards.

Miss Xu, who lives in Guangzhou's jgang and Jude garden, is a handicapped person. Four of her family eat at home.

Miss Xu said, "even if it is very economical, the average daily food cost is 40~50 yuan, and the cost of meat, oil, salt, vinegar, lunch boxes and so on will exceed 1500 yuan per month.

Spending on food this month is more than 200 yuan more than that of last year, but the amount of food eaten is less than that of previous years.

Prices are rising steadily, and wage increases can not keep up with the speed of rising prices, and the quality of life is getting worse.

Guangdong's CPI rose 2.8% in the first three quarters.

The growth of urban residents' income and expenditure is faster than that of last year.

Yesterday, reporters learned from the Guangdong investigation team of the National Bureau of statistics, the first three quarters of 2010, the total level of consumer prices in Guangdong rose, rising 2.8%, compared with a 2.9% decline in the same period last year, the difference was 5.7 percentage points.

The trend of each month is on the rise in general.

Similar to the national situation, the main reason for the rise of CPI in the first three quarters of Guangdong is also driven by food and housing consumption.

The Guangdong investigation team of the National Bureau of Statistics announced the income and expenditure of Guangdong residents in the first three quarters yesterday. Data show that in the first three quarters, the disposable income of urban residents in Guangdong was 18101.13 yuan, an increase of 10.4%, an increase of 0.8 percentage points over the same period last year.

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Farmers' benefit from rising agricultural prices in September

But worried about cost pressures, not too optimistic.

Sheng Hai Yun, a spokesman for the National Bureau of statistics, said yesterday that the rise in food prices in September, especially the increase in the prices of some agricultural products, has certain advantages in promoting the increase of farmers' income.

Reporters interviewed local farmers in Guangzhou, and learned that the prices of farm products have been rising recently, and indeed farmers have benefited from them. But they are still facing strong pressure from rising prices of production materials. "Relatively recently, the environment has been better, but I can not predict when it will last."

Zhou Xiaochuan: risk of inflation and asset price bubbles will rise in China

Reporters learned from the central bank that Zhou Xiaochuan, governor of the central bank, recently expressed his views on China's current macroeconomic issues such as inflation on the "macro Prudential policy: Asia Perspective high-level seminar". He pointed out that China's financial system is facing an arduous systemic risk, and asset bubble and inflation will increase significantly.

Zhou Xiaochuan pointed out that at present, China's financial system is still facing the arduous task of preventing systemic risks.

He believes that domestic credit continues to expand momentum is still strong, cross-border capital flows contain potential risks, excessive liquidity, inflation, asset price bubbles, cyclical non-performing loans and other macro risks will rise significantly, the quality of financial assets and anti risk ability of the financial industry is facing a severe test.