最新数据显示中国经济在七月仍然偏弱，放慢之势未止。七月乃第三季首个月，对此季的动向会有所启示，如经济在第三季跌势未止，则全年表现将欠佳，保八亦无可能。七月的经济状况虽属意料之中，但仍须注视有否新动态出现。

The latest figures show that China's economy is still weak in July，Slow down the potential not stop。July is the third season's first month，This season trend will have enlightenment，As the economy in the third quarter fall did not stop，The annual performance will be poor，The eight also cannot。July's economic situation is belong to surprise，But still need to watch for new dynamic appear。

　　七月工业产值只增9.2%，稍低于六月的9.5%，显示偏冷的单位数增幅持续。这令头七个月升幅下跌至10.3%，低于上半年的10.5%。同月用电量升幅不及半成，也是经济偏弱的反映。导致增长不振的乃需求方面因素，内需方面头七个月固定资产投资升20.4%，与上半年的持平，显示在国家力挺下或已止住放慢之势。如这在今后能得到确认，则有利于扭转经济下滑势头。七月零售额升13.1%，比六月时稍跌0.6个百分点，幸好实际增幅仍高达12.2%，且近月持续上升。近年零售增长远超GDP增幅已属偏高，故逐步下调以实现软着陆乃无可避免和合理者，对此应积极面对。

July only industrial output increased by 9.2%，Slightly lower than 9.5% in June，Display partial cold unit number continued growth。This makes first seven months rose fell to 10.3%，Less than 10.5% in the first half of。The power consumption rose less than half，Is also the reflection of economic weak。Lead to growth spot is demand factors，In domestic demand first seven months fixed asset investment rose 20.4%，And the same during the first half of the year，Displayed in the country's force or has stopped to slow down the potential。If this can be confirmed in the future，Is helpful for torsional slowdown momentum。Retail sales rose 13.1% in July，When than June slightly fell 0.6%，Fortunately, the actual growth is still as high as 12.2%，And rising in recent months。In recent years, retail growth far ultra GDP growth is on the high side，So gradually cut in order to achieve a soft landing is inevitable and rational person，This should actively face。

　　总体来看内需渐见稳定，反而外需的弱势却与日俱增。七月出口只升1%，入口虽稍高有4.7%，却仍属偏低。外需不振乃意料中事，主因是欧洲情况日劣，所产生的负面影响日大。头七个月中欧贸易下跌0.9%，而中日贸易表现亦差，下跌了0.2%。幸而中国与美国及新兴经济的贸易仍有良好增长，至少抵销了部分对欧日贸易不振的冲击。无论如何，外贸尤其出口积弱已成了当前经济面对的主要问题之一。

Overall domestic demand gradually see stability，Now instead of the weak are growing。July export only rose 1%，Although entrance slightly high 4.7%，Still belongs to low。Overseas market demand of is par for the course，This is largely due to the European situation bad day，Produced negative influence day big。First seven months China's trade fell 0.9%，And sino-japanese trade performance was poor，Dropped 0.2%。Fortunately, China and the United States and emerging economic trade still has good growth，At least offset part of Europe, the impact of the spot trade。No matter how to，Foreign trade especially export JiRuo has become the current one of the major problems facing the economy。

　　展望前景亦充满变数，打击外贸尤其出口的不利因素很多。全球尤其欧洲的经济状况料将持续恶化，并引发各国保护主义行为不断升温。同时，近期主要新兴经济货币均对美元贬值，令中国出口面临更大的竞争压力。另一方面，中国出口也非全无利好因素支持，一是人民币已停止升值。二是国内通胀及工资升幅已呈放缓之势。三是出口转型进展持续，增加了扩张后劲。在出口市场上，增长重点已转向新兴经济，对发达国市场的依赖渐降。在出口产品上，更多高档及重工产品已具有较好的竞争力，可开拓国际市场。

Future prospect is also full of variables，Foreign trade export hit especially the disadvantageous factors of many。Global especially European economic condition will continue to deteriorate materials，And cause countries protectionism behavior, increase。At the same time，Recent major emerging economies are currency to the dollar，Make China's exports face greater pressure of competition。On the other hand，China's export is not devoid of bullish factors support，One is the RMB appreciation has stopped。The second is domestic inflation and rising wages has the potential of the slowdown。The third is export transformation for progress，Increases the staying power expansion。In export markets，Growth focus has turned to emerging economies，In developed countries rely on the market gradually drop。In the export products，More high-grade and heavy industry product has good competitiveness，Can explore international market。

　　在这重要关头，政府采取适当的出口推动措施至为关键。当然不应该以减免税费来补贴出口，而更应在营商环境等基调上大力改善，特别是要纠正一些不利出口的政策偏差。例如应加快人民币贬值步伐，近年累积的三成升幅已是太多。此外，还要注意扶助有条件的中小出口企业，使其免受信用紧缩及其他问题困扰。还须注意者是外贸增幅虽低，但顺差却累积渐多而有利于GDP增长。头七个月顺差已近千亿美元，其中七月便增加250余亿，故对中国增长有正面作用。

In this important moment，The government to adopt appropriate export push measures is very important。Of course should not to reducing taxation to export subsidies，And more should be in business environment, such as fundamental key to improve on，Especially to correct some adverse export policy deviation。For example, the devaluation of RMB should speed up the pace，In recent years the accumulation of thirty percent increase is too much。In addition，We should pay attention to AIDS have conditions of small and medium-sized export enterprise，From the credit crunch and other problems。Must ZhuYiZhe is foreign trade growth is low，But surplus but accumulated gradually much and is helpful to GDP growth。First seven months surplus has nearly billions dollars，The July will increase of more than 250 hundred million，Subject to China's growth has positive effects。