China's July CPI up 1.8%

    China's Consumer Price Index, a main gauge of inflation, grew 1.8 percent in July year-on-year, the National Bureau of Statistics said Thursday.

    China's July exports slow sharply

    China's export growth slowed sharply in July to a six-month low following dwindling demand from Europe and Japan, official data showed Friday.

    China's July new lending sharply down to 540b yuan

    China's new yuan-denominated lending in July declined sharply to 540.1 billion yuan ($85.19 billion), down from 919.8 billion yuan in June.

    Fiscal revenues rise 8.2% in July

    China's fiscal revenues grew 8.2 percent year-on-year to 1.07 trillion yuan ($168.77 billion) in July, the Ministry of Finance said Friday.

    China's PPI down 2.9% in July

    China's Producer Price Index, a main gauge of inflation at the wholesale level, fell 2.9 percent in July from a year earlier, the National Bureau of Statistics said Thursday.

    Urban fixed-asset investment up 20.4%

    China's urban fixed asset investment rose 20.4 percent year-on-year to 18.43 trillion yuan ($2.93 trillion) in the first seven months of 2012.

    Industrial output growth slows to 9.2%

    China's industrial value-added output expanded 9.2 percent year-on-year in July, a pace slightly slower than the 9.5-percent level in June, the National Bureau of Statistics said Thursday.

    China property investment slows, sales decline narrows

    China's real estate investment continued to lose steam in the first seven months of the year while house sales remained on a downward track.

    China's retail sales up 13.1% in July

    China's retail sales grew 13.1 percent year-on-year in July, slightly down from 13.7 percent in June, the National Bureau of Statistics said.
    Vehicle sales up for 6th month

    Major Figures

     

    July

    June

    Price Indexes
    CPI +1.8%

    +2.2%

    PPI -2.9%

    -2.1%

    Growth Indexes
    GDP

    7.6%

    PMI

    50.1

    50.2

    Retail

    13.1%

    13.7%

    Fixed-asset investment 

    20.4%

    20.4%

    Industrial output

    9.2%

    9.5%

    Trade Indexes
    Export

    $177b

    $180b

    Import $152b

    $148b

    Surplus $25.2b

    $31.7b

    Financial Indexes
    New loans

    $85b

    $144b
    M2

    $14.4t

    $14.5t
    FDI  

    $12b

    Other Indexes
    Fiscal revenue

    $169b

    $173b

    Home sales (floor space)

    -6.6%

    -10%

    Power consumption

    +4.5%

    -

     

    Opinion

    Stable but slower growth

    The plunge in trade growth in July has brought home the harsh reality that the ongoing global economic correction may go deeper than anticipated.

    No fear of a hard landing

    Panic responses to fall in China's growth rate are unwarranted because economy is on right track to meet this year's target.

    Comment

    Please leave your comment here.

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