China Economy by Numbers - January

China Economy by Numbers - January

Major Macro Economic Statistics

Growth indexes Price indexes
Industrial output: CPI: 4.9%  PPI: 6.6%
Retail sales: PMI: 52.9
Urban fixed-asset investment: Housing prices
FDI: 23.4% Foreign trade indexes
Financial indexes Import: 51%
New loans:1.04 trillion yuan Export: 37.7%
M2: 73.56t yuan Trade balance: $6.46b
Fiscal revenue:   
Data and Graphic

China Economy by Numbers - January

China's Jan CPI up 4.9%

China's consumer inflation accelerated in January on surging food prices, adding pressure for the government to tackle escalating inflation amid the nation's spreading winter drought.

The consumer price index (CPI), a main gauge of inflation, rose 4.9 percent in January year on year, the National Bureau of Statistics announced on Feb 15.

The figure is 0.3 percentage points higher than that of December.[Full story]

China Economy by Numbers - January

China's PPI up 6.6% in Jan

China's producer price index (PPI), a major measure of inflation at the wholesale level, rose 6.6 percent in January year-on-year, the National Bureau of Statistics (NBS) announced on Feb 15.

The January PPI was 0.9 percent up from the previous month, said a statement on the NBS website. [Full story]

 

China Economy by Numbers - January

Jan property prices rise in most cities

Property prices rose in most Chinese cities in January after the country's statistics agency readjusted the calculation system, according to official data showed on Friday.

New home prices climbed in January from a year earlier in 68 of the 70 major cities tracked by the National Bureau of Statistics (NBS), with 10 of them registering double-digit growth. [Full story]

China Economy by Numbers - January

China's PMI drops to 5-month low of 52.9% in January

China's manufacturing sector purchasing managers index (PMI) fell to a five-month low of 52.9 percent in January, compared with 53.9 percent in December, the China Federation of Logistics and Purchasing (CFLP) said on Feb 1.

The January figure means the benchmark index for economic expansion has kept above the boom-and-bust line of 50 percent for 23 consecutive months. [Full story]

 

China Economy by Numbers - January

China's foreign trade jumps 44% in Jan

China's foreign trade surged by 44 percent year-on-year to $295 billion in January, the General Administration of Customs said on Feb 14.

Exports rose by 37.7 percent year-on-year to $150.7 billion while imports increased by 51 percent to $144.3 billion.

The trade surplus shrank by 53.5 percent year-on-year to $6.46 billion in January. [Full story]

China Economy by Numbers - January

Decline in new yuan lending in Jan

Chinese banks extended 1.04 trillion yuan ($157.8 billion) of new loans in January amid the country's renewed efforts to tame excessive liquidity and rising inflation.

The figure was 318.2 billion yuan lower than a year ago, according to the People's Bank of China (PBOC), the central bank, on Feb15. But economists said the country will not loosen its monetary stance as it still faces an uphill battle to cool consumer inflation, which hit 4.9 percent in January, slightly lower than forecast. [Full story]

China Economy by Numbers - January

China's FDI up 23.4 % in January

The amount of foreign direct investment(FDI) into China rose 23.4 percent in January year-on-year to $10.03 billion, said Yao Jian, spokesman of the Ministry of Commerce, Thursday.

A total of 2,243 new foreign-invested enterprises were approved in January, an increase of 20.2 percent year-on-year, Yao said. [Full story]

Focus on housing

Beijing tightens restrictions on flat buying

Under new rules, non-Beijing residents must have paid their monthly social security contribution or income tax for five consecutive years before they are eligible to buy their first apartment in the city. [Full Story]

More cities face housing purchase limitations

China will limit housing purchases in more cities, and more specific real estate control policies will be issued by the Ministry of Housing and Urban-Rural Development. [Full Story]

Detailed property-purchasing limitations set for release

Analysts say major Chinese cities, including Beijing, will draft and release detailed measures to limit home-buying as soon as this week, the China Securities Journal reported. [Full Story]

Ministry to make local govt pledge subsidized housing supply

All provincial governments in China will sign agreements with the Ministry of Housing and Urban-Rural Development to promise that they will meet their target for how many government-subsidized apartments to build this year. [Full Story]

China's 2010 land supply for affordable housing jumps 124%

China's land supply for affordable housing in 2010 soared 124.5 percent year-on-year amid the country's robust demand for affordable housing, said officials with the Ministry of Land and Resources (MLR). [Full Story]

Shanghai residential property sales cool

Policies aimed at cooling down Shanghai's residential property market have started to take effect, and trading volume withered in the first week of February. Analysts say investors may tap into commercial properties. [Full Story]

Property tax aimed at cooling hot residential market

A new property tax in Shanghai will help cool the city's overheated housing market, said analysts. The tax will steer many speculators away from buying property in the city, according to the analysts. [Full Story]

Shanghai, Chongqing launch property tax

Authorities of Chongqing and Shanghai municipalities announced they will kick off the long-awaited trial property tax, starting from Jan 28, amid the latest measures to cool off the red-hot housing market. [Full Story]

Property developers raising cash abroad

China's major property developers have been stepping up their efforts to raise funds overseas in response to a gradually tightened cash flow, as the government's tightening real estate measures are expected to lead to a big drop in transactions. [Full story]