China's stock market long-term basis is not good to change

Investors worried about the macroeconomic data off this year on the 17th出炉. The first half of the 10.4 percent economic growth rate, 7.1 percent of the June consumer price level (CPI), the two main data show that China's stock market has not been a good foundation for a long time to change.

"China's economy is still on the track of stable and healthy operation and long-term, this is the operation of the stock market good." Everbright Securities Li Kang, director of the Institute of such data to make such interpretation.

Steady and rapid economic growth

For some time now, with the stock market and the macro-economic ties are becoming ever closer, most economic data as investors concerned about the information.

National Bureau of Statistics data show that the first half of this year economic growth rate down 1.8 percentage points, both of which take the initiative to control our country, adopted a series of measures to prevent economic growth from overheating too fast to the relevant, at the same time, and the world economic downturn, foreign demand Of the sluggish, but the adverse external factors did not seriously affect China's economic growth.

Kang Li that although this year, global inflationary pressures intensify, the world economic slowdown, but China's economy has not been much affected. This shows the effectiveness of China's macro-control Obviously, on the other hand is also due to strong growth in domestic demand, China's economy remains relatively strong growth momentum.

Guotai Junan Securities, Jiang Chao, the first half of the gross domestic product (GDP) growth rate of better than expected, coupled with the name of investment to maintain high growth rate, which indicates that a sharp drop in GDP this year is unlikely that economic growth will continue .

The stock market is expected to future economic responses to the steady and rapid economic growth will be the trend of the stock market decide the most basic factors. China Merchants Securities, Xuehua believes that the current economic growth rate is higher in the last year on the basis of the same period last year economic growth rate was 12.2%. From this we can see that the current economic growth rate is still higher.

For the third quarter, the stock market optimism

Remove to maintain economic growth, consumer price level there is expected in the fall. National Bureau of Statistics chief economist Yao Jingyuan said that in May and June CPI up or whether the ring had declined. Before the year is expected to show a trend of high to low. This shows that the macroeconomic regulation and control excessive rise in the price suppression achieved remarkable results. CPI in the second half will continue to fall.

Jiang Chao, June CPI down in line with market expectations, its positive role may have been ahead of digestion, and in the context of sustained economic growth, inflation pressures remain significant.

Deserves attention is that the June factory price of industrial products (PPI) rose 8.8 percent, or higher than the same period last year 4.8 percentage points, PPI and CPI movements are still differences between the continuation of the situation. Analysts point out that in this trend, profits will be further transferred to the upstream sector, which is in the upstream sector of the listed companies is good, but the downstream businesses will be subject to a certain degree of impact.

In the short term, the trend of decisions in the stock market a variety of factors, may arise with the temporary departure from the macroeconomic. But in the long term, the stock market and real economic trend will remain consistent. Entities economic growth, reflected in the stock market, investors will be to increase the wealth of the results. In other words, the long-term perspective, if the fast economic growth, the stock market Jiuwang up.

After the early sharp fall in the macroeconomic fundamentals remain unchanged against the background of the investors for the future of the stock market is also expected to change. Global Financial Services Group (ING) recently issued a survey report shows that Chinese investors the second quarter, the overall sentiment index fell, but remain optimistic about the third quarter, the stock market. According to the survey, 66 percent of the investors in the third quarter, are optimistic about the economy, 62 percent of investors expect the third quarter rate of return on investment will be increased.

The survey also showed that the impact of price increases, 79 percent of the respondents intend to re-configure the current investment portfolio and (or) to increase investment to cope with inflation. In that portfolio will be re-configured and (or) to increase investment to cope with inflation of the respondents, 42 percent of the people are considering investment in gold, 40 percent of people are considering investing in stocks.

Analysts point out that, although the first half of the Chinese economy has maintained steady and rapid development, but it should be noted that the world economic slowdown on the negative impact of China's economy is gradually appear. The judgement of the short-term trend of the stock market itself, in addition to fundamentals, but also needs to integrate the many complex factors.