China Q2 growth slows to 3-year low of 7.6%

China's economy reported 7.6 percent of growth in the second quarter, the lowest since the first quarter of 2009 when the global financial crisis was rampant.

House prices rebound in June

Twenty-five major Chinese cities saw a rebound in the price of new real estate projects in June, according to a report by the National Bureau of Statistics.

June property investment slows

China's real estate investment growth slowed sharply in the first half, but property sales swung into positive growth in June for the first time in eight months.

China's retail sales up 13.7% in June

China's retail sales grew 13.7 percent year-on-year in June, slightly down from 13.8 percent in May, the National Bureau of Statistics said Friday.

Industrial output accelerates in June

China's industrial value-added output expanded 9.5 percent year-on-year in June, a pace faster than a month ago when it eased to a three-year low of 9.3 percent.

Fixed-asset investment up 20.4% in H1

China's urban fixed asset investment rose 20.4 percent year-on-year to 15.07 trillion yuan ($2.38 trillion) in the first half of 2012.

China's fiscal revenue up 12.2% in H1

China's fiscal revenue in the first half of this year grew 12.2 percent year-on-year to nearly 6.4 trillion yuan ($1.01 trillion).

China's export growth slows to 11.3%

China's exports rose 11.3 percent year-on-year to $180.21 billion in June, slowing from the 15.3 percent in May, and imports increased 6.3 percent to $148.48 billion.

China's PPI down 2.1% in June

China's Producer Price Index, a main gauge of inflation at the wholesale level, fell 2.1 percent in June from a year earlier.

It marked another month of year-on-year decline after the PPI saw a drop in March for the first time since December 2009.

Major Figures

 

H1 

June

Price Indexes
CPI

+3.3%

+2.2%

PPI

-0.6%

-2.1%

Growth Indexes
GDP

7.8%

7.6%

PMI

-

50.2

Retail

14.4%

13.7%

Fixed-asset investment

20.4%

20.4%

Industrial output

10.5%

9.5%

Trade Indexes
Export

$954b

$180b

Import

$885b

$148b

Surplus

$68.9b

$31.7b

Financial Indexes
New loans $1.2t $144b
M2

-

$14.5t
FDI $59.1b

$12b

Other Indexes
Fiscal revenue

$1t

$173b

Home sales

-10%

-

Power consumption +5.5%

-

 

Opinion

Seeking a better balance

Recent trade figures show newly adopted policies to realize sustainable development of foreign trade are working.

Consumption confidence

Domestic consumption is important for China's stable economic growth when the world economy shows no sign of recovery. But consumers seem to lack the confidence to spend.

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