Judging from the macroeconomic data released by China in May, the CPI rose by 3. 1% year-on-year, although it was a little high, but it was a seasonal fluctuation and was within the controllable range. The growth rate of new RMB loans of 639.4 billion yuan (M2) dropped for six consecutive months, mainly to control the problem of excess liquidity and avoid overheated investment. The economy is developing too fast, and the macro-control goal is basically achieved by controlling currency issuance. For example, the investment in urban fixed assets increased by 25.9% from June to May. In May, the ex-factory price of industrial products rose by 7.1%year-on-year; In May, the export surplus exceeded expectations and returned to $20 billion. To sum up, a brief analysis of the data shows that the overall economic situation in China is good.

However, we should also see the bad side of the international economic situation. The Greek debt crisis has not been fundamentally solved, the world economy is still unstable, and the unemployment rate in the United States remains high, which increases the complexity of the development of the international economic situation. China also faces a dilemma when implementing monetary policy. Stimulating economic growth and preventing inflation coexist, especially asset bubbles.

But in any case, the double dip in the economy is a small probability event and the economic development trend is good.