Summary
According to a private survey, in September, service sector of China made works at the fastest pace in seven months. There are many supporters of the growing consensus that China’s central bank will postpone the further monetary easing until at the end of the year. PMI remained well above 50-mark both manufacturing and services sectors in the Caixin, but the degree of expansion are lower than previous month. Economists request more structural reforms and fiscal support to promote economic growth if the policy looked less effective. However, the governmental survey says that China’s economic are growing in September at a faster pace than in August.
Opinion
When I read the topic, I was surprised to know the China’s real economic situation. That’s because I had no doubt that the economic situation of Chine was declining sharply. And, I am convinced that the decision of government to reduce interest rates was right. Thanks to the policy, the business condition were stopped to the reduction. If the policy was not enforced, employers resigned to hire people and the unemployment rate was reduced. Moreover, business condition in China had been worse and worse, and the aftereffects would began to felt in Japan. So I strongly think that Chinese government should continue the policy not to have a harmful influence on other countries’ economy.