"The state of stagflation is nonexistent," said Mao Shengyong, spokesman for the National Bureau of Statistics, after the bureau released growth-related data for August that was better than expected.
China's economic fundamentals remained sound, as indicators such as industrial output and retail sales growth picked up in August, NBS data showed.
Economic growth has been stable, standing between 6.7 percent and 6.9 percent in the past 12 consecutive quarters, indicating the country will not face a danger of stagflation, Mao said.
Analysts said as the effect of the country's financial tightening since last year is gradually unfolding, the economy will face some downward growth pressure in the coming two to three quarters.
The Chinese Academy of Social Sciences said in a yearly bluebook on listed companies released on Sept 11 that China's GDP growth would slow to about 6.6 percent this year from 6.9 percent in 2017 due to lending contraction and external factors, such as the ongoing China-US trade disputes, rising oil prices and US interest rate hikes.
"The economy still faces the pressure of downward movement," said Zhao Wei, an analyst at Changjiang Securities. "The authorities have taken targeted measures to stabilize growth."
1Inflation picks up moderately as pork, vegetable prices rise
China's consumer price index, a main gauge of inflation, rose 2.3 percent year-on-year in August, compared with 2.1 percent for July, according to the NBS.
On a month-on-month basis, the CPI increased 0.7 percent from July, as food prices rose 2.4 percent.
2PPI up 4.1%
China's producer price index, which measures costs for goods at the factory gate, rose 4.1 percent year-on-year in August, the NBS said.
Growth was down from a 4.6 percent rise in July.
On a monthly basis, PPI edged up 0.4 percent in August, picking up from 0.1 percent in July.
3Manufacturing activity expands faster in August
China's manufacturing PMI came in at 51.3 in August, accelerating from 51.2 in July, according to the NBS.
The country's non-manufacturing sector expanded at a faster pace, with PMI for the sector standing at 54.2 in August, up from 54 in July.
4Industrial output expands 6.1% in August
China's industrial output expanded 6.1 percent year-on-year in August, slightly higher than the 6 percent rise in the previous month, the NBS said.
On a monthly basis, industrial output in August increased 0.52 percent from July.
5Fixed-asset investment up 5.3% in first 8 months
China's fixed-asset investment rose 5.3 percent in the first eight months of the year, slightly down from 5.5 percent for January-July, according to the NBS.
On a monthly basis, FAI edged up 0.44 percent from July.
6Property investment up 10.1% in first 8 months
Property development investment climbed 10.1 percent year-on-year for January-August, down from 10.2 percent during the first seven months but up from a 7.9 percent increase during the same period in 2017, the NBS said.
7Retail sales up in August
The retail sales of consumer goods grew 9 percent year-on-year in August, according to the NBS.
In August, retail sales reached 3.15 trillion yuan, leading to 9.3 percent growth in the January-August period. This lines up with the rate registered in the first seven months.
Online spending remained robust, with sales surging 28.2 percent to reach 5.51 trillion yuan in the first eight months.
8China's trade sees solid growth despite US tariffs
China's goods trade went up 9.1 percent year-on-year to 19.43 trillion yuan in the first eight months of this year, the General Administration of Customs said.
Exports rose 5.4 percent year-on-year in the January-August period to 10.34 trillion yuan, while imports grew 13.7 percent to 9.09 trillion yuan resulting in a trade surplus of 1.25 trillion yuan, a narrowing by 31.3 percent.
In August, exports rose by 7.9 percent, higher than the 6 percent rise in July. Imports jumped by 18.8 percent in yuan terms, slightly lower than the 20.9 percent growth seen in July.
9New yuan loans fall in August
China's new yuan-denominated loans stood at 1.28 trillion yuan in August, down from 1.45 trillion in July, according to the People's Bank of China.
Despite the drop, the amount of new yuan loans was still up 183.4 billion yuan from August last year.
The M2 rose 8.2 percent year-on-year to 178.87 trillion yuan at the end of August, and the M1 rose 3.9 percent year-on-year to 53.83 trillion yuan.
10FDI into Chinese mainland sees steady growth in Jan-Aug
Foreign direct investment into the Chinese mainland rose 2.3 percent year-on-year to 560.4 billion yuan during the eight-month period, according to the Ministry of Commerce.
In August alone, FDI inflow went up 1.9 percent year-on-year to 63.7 billion yuan.
The number of new overseas-funded companies established in the January-August period surged 102.7 percent from a year earlier, reaching 41,331.
11Fiscal revenue growth slows in August
China's fiscal revenue rose 4 percent year-on-year to 1.11 trillion yuan in August, according to the Ministry of Finance.
In the first eight months of 2018, China saw its fiscal revenue rise 9.4 percent year-on-year to 13.3 trillion yuan, slowing from a 10 percent gain in the first seven months.
During the January to August period, fiscal spending expanded 6.9 percent year-on-year to 14.1 trillion yuan, accounting for 67 percent of the planned budget for the year.
12Job market sees stable in Aug
In August, the surveyed unemployment rate in urban areas was 5 percent, down 0.1 percentage points from the level in July and down 0.1 percentage points from August last year, according to the NBS.
13Power generation continues to pick up in August
Overall electricity output rose by 7.3 percent year-on year to about 640.5 billion kilowatt-hours in August, according to the NBS.
For the first eight months, power generation grew by 7.7 percent, 1.2 percentage points higher than the same period last year.
