China Economy Shows Positive Signs In 2012

China's economy shows positive signs. Based on data reported by the Bureau of Statistics of China, the industry learned earnings in the country in 2012 reached 895.2 billion yuan or U.S. $ 143.91 billion. The number rose to 17.3% compared to 2011.

This achievement is thanks to the improved performance of the industry in the fourth quarter to cover the shortfall in the second quarter of 2012. It gives a new signal of impending improvement in the country with the second most powerful economy in the world.

In December 2012, China's industrial profits grew 22.8% compared to the previous month. Achieving that once made the third fastest growth in 2012.
World Bureau of Statistics of China noted that total industry profits generated in China last year reached 5.56 trillion yuan, grow 5.3% compared to the previous year. Based on these figures, there was a 0.3% profit gain in the first 11 months compared to the same period in 2011.

Potential to grow

Statistical Bureau also conducted a survey of 41 industry sectors. Of these, 29 sectors reported an increase in profit.
Growth was led by the industry's highest earnings power by 21%. Growth is the second highest power equipment maker by 8%.

In addition there are signs of improvement, the survey results also show that there are some sectors of the industry are struggling to turn a profit. For example, the steel industry to a survey conducted its profit tumbled 37%. There is another chemical industry had suffered a profit decline of 6% compared to the previous year.
For instance, China's economic growth of 7.9% recorded in the fourth quarter of 2012. It gives hope for since the previous seven quarters have always declined.

The poll made by Reuters predicted that China's economic growth in 2013 will rebound to 8.1%. Based on purchasing power index HSBC, early indications of improvement can be seen that China's industrial activity showed that big manufacturers to accelerate in the last two years in January.

Even so, the risks of the global economic crisis still threatens economic growth in the world's most populous country. Research Institute Chinese Academy of Social Sciense (CASS) suggested that China take several steps to anticipate the global economic turmoil.
In the book CASS report suggested that the Chinese government tightened fiscal policy this year. Including, expanding the fiscal deficit as a right step and cut taxes that inhibit economic efficiency.