China's industrial value-added output up 13.9%

China's industrial value-added output growth decelerated in 2011 from a year earlier to 13.9 percent year-on-year, the National Bureau of Statistics (NBS) said at a press conference Tuesday.

The full-year figure was down 1.8 percentage points from the growth rate of 2010, according to Ma Jiantang, chief of the NBS.

In December, the industrial value-added output was up 12.8 percent from a year earlier. On a monthly basis, industrial value-added output increased by 1.1 percent, said Ma.

Industrial value-added output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.

China's industrial profits grew 24.4 percent year-on-year to 4.66 trillion yuan in the first 11 months of 2011, according to the NBS.

Industrial value-added output increased 11.7 percent in China's eastern regions, by 18.2 percent in central areas and by 16.8 percent in western parts of the country.

For heavy industries, industrial value-added output in 2011 was up 14.3 percent year-on-year, and that for light industries climbed 13 percent.

China's economy expanded by 9.2 percent in 2011 from a year earlier and 8.9 percent year-on-year in the fourth quarter.

 

China's retail sales up 18.1% in Dec

China's retail sales rose 18.1 percent year on year in December 2011, accelerating from the 17.3 percent growth in November, the National Bureau of Statistics (NBS) said Tuesday.

Retail sales in 2011 increased 17.1 percent year-on-year to 18.1 trillion yuan ($2.9 trillion), slower than 18.4 percent growth in 2010, the NBS said in a statement.

After deducting inflation, retail sales growth in real terms was 13.8 percent in December and 11.6 percent in 2011.

On a monthly basis, retail sales grew 1.41 percent in December from November.

China's consumer price index (CPI) rose 5.4 percent year-on-year in 2011.

Retail sales growth of automobiles slowed sharply to 14.6 percent in 2011, down 20.2 percentage points from a year earlier, the statement said.

In 2011, urban retail sales increased 17.2 percent year-on-year to 15.7 trillion yuan, while rural retail sales climbed 16.7 percent to hit 2.4 trillion yuan.

Catering sector sales were up 16.9 percent year-on-year while commodity retail sales grew 17.2 percent.

Sales of home appliances and audiovisual equipment climbed 21.6 percent in 2011 and that of furniture rose 32.8 percent, according to the statement. 

 

Chinese urban residents' per capita income grows 8.4% in 2011

The per capita income of China's urban residents rose 8.4 percent, after deducting inflation, to 21,810 yuan ($3,434) in 2011 from a year earlier, the National Bureau of Statistics (NBS) said at a press conference Tuesday.

Meanwhile, the per capita income of rural residents grew by 11.4 percent year-on-year to 6,977 yuan, faster than the previous year, according to Ma Jiantang, director of the NBS.

China's consumer price index rose 5.4 percent from the previous year, well above the government's full-year control target of 4 percent, according to the NBS last week.

The population of migrant workers last year reached 252.78 million, an increase of 4.4 percent, or 10.55 million from the 2010 level, said Ma.

 

China's property investment up 27.9% in 2011

Investment in China's property sector rose 27.9 percent in 2011 from a year earlier to 6.174 trillion yuan ($972 billion), said Ma Jiantang, chief of the National Bureau of Statistics (NBS), at a press conference Tuesday.

Full-year investment in residential housing registered an increase of 30.2 percent from the same period the year before, down 2.6 percentage points from 2010.

Sales of commercial housing rose 4.9 percent to 1.1 billion square meters in 2011, down 8 percentage points from that of the first three quarters of 2011 and 5.7 percentage points from that of 2010, said Ma.

Commercial housing sales volume climbed 12.1 percent to 5.9 trillion yuan in 2011, down 6.8 percentage points from 2010, according to the NBS.

A total of 271.94 million square meters of commercial housing were held for sale, up 26.1 percent year-on-year, said Ma. The figure surged 18 percentage points from the previous year.