EconomyGrowth is the prosperity and development of the countryCriticalOne of the indicators. China and the United States are the world's two largest countriesEconomybody, itsThe rate of economic growthMuch attention. Recently, the United States announced a revised oneNational economyThe report sparked a comparison of the GDP growth rates of China and the United States in the third quarter. This article will examine the differences in GDP growth rates between China and the United States in the third quarter and analyze the reasons for the differences.
Using the non-seasonally adjusted standard, the GDP of the United States in the third quarter rose to $6,928.9 billion from the initial value of $6,928.9 billion, an increase of $8.2 billion. The year-on-year real growth rate increased by 27% to 28%。Seasonally adjusted, the third quarter of the United StatesEconomyThe month-on-month growth rate also increased from 12% to 13%。Calculated on an annual basisThe rate of economic growthIt is even more by 49% skyrocketed to 52%。This revised report shows that the United StatesEconomyThe development exceeded market expectations, and the growth rate is still high.
It is worth noting that the rationale for the increase is mainly privateInvestmentsand the contribution of fiscal expenditure is higher than that of preliminary statistics, and at the same time external**SurplusContinue to narrow. This illustrates privateInvestmentsand the adjustment of fiscal policyEconomyhas played an important role in growth.
From a year-on-year perspective, China's third quarterThe rate of economic growthFor 49%, up from 28%。However, in terms of quarter-on-quarter growth rates, the GDP growth rate of China and the United States in the third quarter was 13%。This indicates the United StatesEconomyIt still maintains a high growth momentum.
Despite the United StatesEconomyTo a certain extent, the growth is due to the adjustment of statistical rules and the influence of factors such as prices, but even according to the original statistics, it also shows our countryEconomyThe recovery momentum is relatively weak, with someEconomyThe "weak" view put forward earlier by analysts is relatively close.
Compared to the United States, ChinaEconomyThe core reason for the recovery is the lack of domestic demand. Residents consume andReal estate investmentThe sluggishness is the main reason for the lack of domestic demand. In the first three quarters of this year, industrial enterprises above designated size in the countryGross profitA year-on-year decrease of 90%。In addition, globalEconomyThe slowdown also gives ChinaEconomyGrowth brings with it a certain amount of external pressure.
FaceEconomyThere are many problems in growth, how to boost domestic demandCriticalLocation. It is suggested that China's fiscal policy should be gradually weighted uponInvestmentsSteeringInvestmentsPay equal attention to consumption and promote the growth of residents' income and consumption.
We can learn from other countries in incentivesEconomy** Strategies such as cash subsidies to specific groups to promote a rapid recovery in private consumption. This can increase residents' income, promote the release of consumer demand, stimulate the increase of enterprise orders and the improvement of industrial capacity. Enterprise orders andProfitsThe increase in which it can further strengthen the enterpriseInvestmentsConfidence, pushEconomyof sustainable development.
In addition, we need to change the focus of fiscal policy from the "quantity and scale" of the past to the "efficiency and effectiveness" model. In this way, the living pressure of residents can be reduced, and the income level of residents can be gradually increased to further promote itEconomydevelopment.
in societyEconomyIn the process of comprehensive resumption of activities, we should always put the interests of the people in the first place through developmentEconomyto benefit the people, so that the people have money and dare to spend, so as to promote the ultimate goal of high-quality development.
The rate of economic growthis a countryEconomyOne of the important indicators of development of China and the United StatesThe rate of economic growthThere was a difference in the third quarter. United StatesEconomyThe reason for the higher growth rate is mainly due to the private sectorInvestmentsand an increase in fiscal spending. Our countryEconomyThe reason for the relatively weak growth rate is mainly due to the lack of domestic demand, especially household consumption and consumptionReal estate investmentsluggishness.
In order to solveEconomyWe need to take measures to boost domestic demand, promote household consumption and raise residents' income levels. At the same time, we must also change the focus of fiscal policy and gradually shift from the "quantity and scale" model of the past to the "efficiency and effect type" in order to reduce the pressure on residents' lives and promote itEconomyof sustainable development.
Personally, I believe that increasing the incentive for domestic demand is the current part of our countryEconomydevelopmentalCritical。By raising the income level of residents and the release of consumer demand, we can promoteEconomy's rapid recovery and continued growth. In implementing these measures, we also need to focus on the principle of balance, both in terms of targeted support for specific groups and in ensuring that the whole of the measures is achievedEconomyStability and sustainable development of the system. Only then can we achieve itEconomyThe goal of high-quality development is to continuously improve the living standards of the people.