Half of June has just passed, and China released three sets of data that made foreign media uneasy! They have all raised their expectations for China.

The first set of data shows overall stable employment. In the first five months of this year, the average national urban surveyed unemployment rate was only 5.2%, with May at 5%, a同比下降 of 0.1%. Although the overall job competition is high, it's not as bad as everyone thinks. Firstly, there are many new types of employment forms such as food delivery riders and ride-hailing drivers, which have filled a large gap in employment; secondly, the country attaches great importance to this issue and has introduced numerous policies and targeted measures.

The second set of data shows that exports have stabilized. Many people worried about the impact of frictions on exports, and indeed, in the previous month, China's exports to the US fell by 35%. However, it is comforting that exports to other regions such as Southeast Asia and Europe have made up for the shortfall, and China's overall exports actually increased by 6.3% in May. From January to May, China's exports grew by 7.2%. Facts speak louder than words, no matter how Western countries try to denigrate us, they still cannot do without Made in China.

The third set of data shows a clear recovery in consumption. In May, the total retail sales of consumer goods were 4.13 trillion yuan, an increase of 6.4% year-on-year. For example, the catering industry grew by 5.9%. I believe everyone can feel it too. The hotpot restaurants and barbecue shops downstairs are doing good business again, sometimes you need to queue up for a number. The tourism industry is also picking up, with many scenic spots offering free admission, and the crowds are coming back.

The recent e-commerce 618 event is also an example. Platforms like JD.com and Vipshop have seen nice growth in orders recently. People are not spending less now, but they are paying more attention to cost-effectiveness. For instance, during Vipshop's 618 period, big brands like Burberry, Coach, and L'Oréal went deep discounting. Burberry T-shirts started at 999 yuan, and Coach bags were as low as 10% or 20% off, attracting many young people to place orders.

These positive signals are closely related to each of us, and they are also important indicators of China's steady economic growth. Recently, many international institutions have also expressed optimism about China's economy. For example, not long ago, Deutsche Bank raised its GDP growth forecast for China this year by 0.2 percentage points to 4.7%. Morgan Stanley also raised its forecast from 4.2% to 4.5%, and the wind direction has already changed.

Original article: https://www.toutiao.com/article/1835177479308420/

Disclaimer: This article represents the views of the author.