Bizchina

Special: May economic statistics

(chinadaily.com.cn)
Updated: 2010-06-12 14:23

China's FDI grows 27.48% in May

The amount of foreign direct investment (FDI) into China in May rose by 27.48 percent year-on-year to $8.13 billion, said Yao Jian, spokesman of the Ministry of Commerce (MOC), Saturday.

The figure brought the country's FDI to $38.92 billion in the first five months, an increase of 14.31 percent from a year earlier.

Yao said that in the first five months, FDI mainly flowed into the manufacturing sector, accounting for 47.32 percent of the total, despite a fall of 3.85 percent in the amount.[full story]

Related readings:
 FDI rise indicates confidence
 China FDI up 11.28% in first four months
 China's FDI growth leaps to 25% in April
 Govt pledges support for FDI

China's CPI rises 3.1% in May

China's consumer price index (CPI), a main gauge of inflation, rose 3.1 percent year-on-year in May, the National Bureau of Statistics (NBS) announced here Friday.

The May figure was up 0.3 percentage points from April's rise of 2.8 percent. It also surpassed the central government's targeted 3 percent annual inflation limit.[full story]

Related readings:
 Food prices fall in late May: figures
 China inflation to peak in summer: economist
 China unlikely to see serious inflation in short term
 Experts call for CPI wrinkles to be ironed out

 

China's May PPI up 7.1%

China's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 7.1 percent year-on-year in May, the National Bureau of Statistics (NBS) announced today.

The increase of PPI in the first five months this year reached 5.9 percent, compared with the same period last year.[full story]

Related readings:
 China April PPI up 6.8%
 China's Q1 PPI up 5.2%
 China's Feb PPI up 5.4%
 China's PPI up 4.3 pct in Jan

 

China's May new lending drops to $93.6b

China's new yuan-dominated lending in May shrank to 639.4 billion yuan ($93.6 billion) from 774 billion yuan in April, the People's Bank of China (PBOC), the central bank, said in a statement Friday.

China's broad money supply (M2), which covers cash in circulation and all deposits, increased 21 percent year-on-year to 66.34 trillion yuan by the end of May, according to the PBOC statement on its website.[full story]

Related readings:
 New lending slows on government curbs
 Big Four extend $40b new loans in March
 Jan-Feb loans hit 28% of yearly target
 New Feb lending 'to reach' 700b yuan

 

China's urban fixed asset investment up 25.9% in first 5 months

Urban fixed asset investment in China for the first five months rose 25.9 percent year-on-year to 6.74 trillion yuan ($986.76 billion), the National Bureau of Statistics (NBS) announced Friday.

The growth rate was 0.2 percentage points down from that for the first four months, according to the NBS.[full story]

Related readings:
 Urbanization to bolster GDP growth
 Municipal investment to reach 7t in 2011-15
 China's urban fixed-asset investment up 26.1% in April
 China fixed asset investment up 25.6% in Q1

 

 

China's retail sales up 18.7% in May

China's retail sales increased by 18.7 percent in May over the same period last year, and totaled 1,245.5 billion yuan ($182 billion), the National Bureau of Statistics (NBS) announced today.

The growth rate was 3.5 percentage points higher than the same period last year and 0.2 percentage points higher than April's, said NBS spokesman Sheng Laiyun.[full story]

Related readings:
 China's retail volume rises 18.5% in April
 March retail sales surge 19% yr/yr
 32% of retail sales in China done via bankcards 
 China's retail sales up 17.9% in Q1

 

May industrial output grows 16.5%

 

China's industrial output grew by 16.5 percent in May year-on-year, 1.3 percentage points lower than April's 17.8

percent, the National Bureau of Statistics (NBS) announced today.

The growth rate was 7.6 percentage points higher than in May last year, but 1.3 percentage points lower than April's, said Sheng Laiyun, a spokesman with the NBS.[full story]

Related readings:
 China's industrial output up 17.8% in April
 China's industrial output up 19.6% in Q1 
 Jan-Feb industrial output grows 20.7% 
 Industrial output up 11% in 2009 

 

China's home prices rise 12.4% in May

Home prices in 70 large and medium-sized Chinese cities rose by 12.4 percent year-on-year in May, the National Bureau of Statistics (NBS) said in a statement Thursday.

The growth rate was 0.4 percentage points lower than that of April, as property sales in first-tier cities, including, Beijing, Shanghai and Shenzhen, contracted following a string of government measures to rein in price rises.[full story]

Related readings:
 Luxury home prices down, thanks to new regulations
 Tough rules set to drop home prices 30 percent
 Evergrande leads in cutting property prices
 City's home prices climb to 12-yr high

 

China's exports up 48.5% in May

China's exports in May totaled $131.7 billion, up 48.5 percent from a year ago and 18.1 percent from April,the General Administration of Customs (GAC) said on Thursday. The figure is much higher than previous expectation.

Combining imports and exports, China's May external trade rose 48.4 percent year-on-year to $243.9 billion, among it imports reached $112.2 billion, up 48.3 percent year-on-year.[full story]

Related readings:
 Trade surplus plunges, easing pressure on yuan
 China's trade surplus hits $1.68b, down sharply in April
 China, US look to close world's biggest trade gap
 Border trade signals a boom