China Q4 growth quickens to 7.9%

    The economy's fourth-quarter growth quickened to 7.9 percent on government pro-growth measures. The rate ended a seven-straight-quarter slowdown.

    China's industrial output up 10.3% in Dec

    In December last year, the value-added industrial output increased 10.3 percent from a year earlier, picking up from 10.1 percent in November, the data showed.

    China retail sales growth accelerates

    China's retail sales grew 15.2 percent year-on-year in December 2012, accelerating from 14.9 percent in November, the National Bureau of Statistics said Friday.

    China's fixed-asset investment up 20.6% in Jan-Dec

    China's fixed asset investment rose 20.6 percent year-on-year to 36.48 trillion yuan ($5.81 trillion) in 2012, the National Bureau of Statistics said Friday.

    China's Dec PPI drops 1.9%

    China's producer price index, which measures inflation at the wholesale level, fell 1.9 percent year-on year-in December.

    China's Dec inflation rises to 2.5%

    China's consumer price index, a main gauge of inflation, grew 2.5 percent year-on-year in December, said the National Bureau of Statistics.

    China's Dec trade surplus rises to $32b

    In December alone, the value of Chinese exports gained 14.1 percent from one year earlier, up from November's unexpectedly-weak 2.9 percent rise. The value of imports rose 6 percent year-on-year last month, improving from November when there was no growth.

    New yuan loans down for 3rd month

    Chinese lenders extended fewer new yuan loans for the third month in a row in December as non-bank financing continued to become more common, according to central bank data released on Thursday.

    China's Dec PMI flat at 50.6%

    China's Purchasing Managers' Index for manufacturing sector remained at 50.6 percent in December, flat with the November level.

    Major Figures

     

    Dec Nov
    Price Indexes
    CPI

    2.5%

    2%

    PPI

    -1.9%

    -2.2%

    Growth Indexes
    GDP  7.9%(Q4)

    -

    PMI

    50.6

    50.6

    Retail  15.2%

    14.2%

    Fixed-asset investment   20.6%

    20.7%

    Industrial output  10.3%

    10.1%

    Trade Indexes
    Export  $199b

    $179b

    Import  $168b

    $160b

    Surplus  $32

    $20b

    Financial Indexes
    New loans  $73b

    $83b

    M2    
    FDI    
    Other Indexes
    Fiscal revenue  

    $125b

    Home sales (floor space)    
    Power consumption    
     

    Opinion

    Strong internal demand to be country's newest advantage

    Since the global financial crisis in 2008, the huge potential for domestic demand in China has become a new engine for a global economic recovery and a driving force for innovation.

    Future driver of growth

    Vice-Premier Li Keqiang pointed out that urbanization will be the main driver of China's economic growth in the future.

    Comment

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