7月部分经济数据已于上周陆续公布，多项数据远逊于市场预期，CPI、PPI、工业增加值、出口、新增贷款等多项数据更是创下近期新低。多位专家预计，7月经济数据不佳可能会倒逼“稳增长”提速，刺激政策或加快出台。

July part economic data has announced last week in succession，Many data is far more limited than market expectations，CPI、ppi、Value added of industry、export、New loans and so on many more recent data set a new low。Experts are expected to，July economic data not beautiful may DaoBi“Steady growth”speed，Stimulus policy or to speed up come。

　　7月经济数据喜忧参半 多项指数均创年内新低

July economic data have been mixed Many index are low and years

　　相关部门上周相继公布了多项经济数据，其中，PPI连续五个月负增长，工业增速也再次回落，显示经济仍在底部徘徊。统计局数据显示，7月PPI同比降低2.9%，环比降低0.8%，反映了企业去库存压力高企。7月份工业增加值较去年同期上涨9.2%，与6月份的9.5%的增速放缓，创下2009年5月以来的最低记录，也是中国工业增加值连续第三个月放缓。

Relevant departments have published last week a number of economic data，Among them，ppi for five consecutive months of negative growth，Industrial growth also dropped again，Showing the economy is still in the bottom around。Bureau of statistics data shows，July ppi up 2.9% lower，Annulus comparing 0.8% lower，Reflect the enterprise to inventory high pressure。In July, value added of industry rose 9.2% from the same period last year，And of 9.5% in June's growth is slowing，Set in May 2009, the lowest since records，Is China's industrial added value for the third consecutive months slowdown。

　　此外，“三驾马车”的表现也不佳。中新网财经频道对比发现，前7月固定资产投资比去年同期上涨20.4%，与1-6月的增速持平，但逊于市场预期。零售额增速也有所放缓，7月零售额同比增长13.1%，创下2011年3月以来的17个月新低。海关总署公布的7月份外贸数据也表现低迷，7月份当月，我国进出口总值为3287.3亿美元，同比增长2.7%。其中出口仅增1%，为6个月来的新低，进口增长4.7%，凸显实现年度进出口赠送10%的目标难度增大。

In addition，“Three carriages”Performance was poor。Beijing financial channel that contrast，Seven months before the fixed assets investment rose 20.4% more than the same period last year，In the first 6 months and the rate of growth of flat，But inferior to the market expectations。Retail sales slowed in the rate，July retail sales year-on-year growth of 13.1%，A record 2011 years since March 17 months low。The customs administration announced July's foreign trade data also show downturn，That month in July，China import and export value is 328.73 billion dollars，Year-on-year growth of 2.7%。Including export only increased by 1%，For six months to the lowest，Imports rose 4.7%，Highlights to realize the annual giving goal of import and export 10% increased the difficulty。

　　央行数据显示，7月人民币新增贷款为5401亿元，创下2011年10月以来新低，低于市场的普遍预期。分析称这显示出当前信贷需求不足、经济增速底部徘徊的现实。

The central bank data shows，July new loan for 540.1 billion yuan RMB，Hit the lowest since October 2011，Below the market's widely anticipated。Analysis says this shows the current credit demand、Economic growth around the bottom of the reality。

　　此外，CPI以1.8%的月度同比增速创下2010年2月以来的30个月新低。CPI的进一步回落为政府进一步放送货币政策预留了操作空间。央行此前公布的《二季度货币政策执行报告》指出，央行将继续实施稳健的货币政策，根据经济增速有所放缓、通胀水平有所降低等形势变化，适时适度加大预调微调力度。

In addition，CPI with 1.8% of the monthly year-on-year growth hit since February 2010 30 months low。The CPI for the government dropped further monetary policy further, reserved operating space。The central bank said《Second quarter monetary policy implementation report》Points out that，The central bank will continue to implement the steady monetary policy，According to the economy has slowed down、Inflation is reduced and the situation changes，Timely and measurable increase presetters fine-tuning strength。