Core view
When the premier served as secretary of the Liaoning provincial Party committee in 2007, he often analyzed the economic situation of Liaoning Province at that time through three indicators: industrial power consumption, medium and long-term loan balance and railway freight volume. The Economist launched the Keqiang index in 2010 to evaluate China’s economic growth. The weights of these three indicators are 40%, 35% and 25% respectively. In April, the epidemic situation in China was severe, the growth rate of various indicators fell, and the Keqiang index also fell to 5.58%, a new low for the year. Among the sub indicators, the rate of industrial power consumption has changed from positive to negative to – 1.2%, which is a new low in the year; The growth rate of medium and long-term loan balance fell to 10.7%, the lowest since April 2013; However, the growth rate of railway freight volume continued to rise for two months, reaching a new high since June 2021. State Railway Group said that the railway department made full use of the transportation capacity vacated by the suspension and reduction of passenger cars for epidemic prevention and control to supplement the freight system, making the railway freight rise against the trend against the background of the downward growth of various economic indicators, which formed a certain support for the Keqiang index.
