China's retail sales up 12.8% in April

    China's retail sales grew 12.8 percent year-on-year to 1.76 trillion yuan ($283.4 billion) in April, the National Bureau of Statistics announced Monday.

    China's fiscal revenue rises 6.1% in April

    China's fiscal revenue grew 6.1 percent year-on-year to 1.14 trillion yuan ($183.66 billion) in April, according to data released Monday by the Ministry of Finance.

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

    China's urban fixed asset investment growth accelerated 20.6 percent year on year to 9.13 trillion yuan ($147.29 billion) in the first four months of the year.

    China's industrial output up 9.3% in April

    China's industrial value-added output rose 9.3 percent year-on-year in April, the National Bureau of Statistics said Monday.

    China's April new loans drop

    China's new yuan-denominated lending dropped to 792.9 billion yuan in April, down from 1.06 trillion yuan in March.

    China's April PPI down 2.6%

    China's producer price index (PPI), which measures inflation at the wholesale level, fell 2.6 percent year on year in April.

    China's inflation rises to 2.4% in April

    China's consumer price index grew 2.4 percent year on year in April, up from 2.1 percent in March, the National Bureau of Statistics said Thursday.

    China's export rises 14.7% in April

    China's exports increased 14.7 percent year on year in April, while import surges 16.8 percent, the General Administration of Customs said Wednesday.

    China's manufacturing PMI drops in April

    China's Purchasing Managers' Index for the manufacturing sector fell to 50.6 percent in April from 50.9 percent in March, the CFLP said on Wednesday.

    Major Figures

     

    April March
    Price Indexes
    CPI

     2.4%

    2.1%

    PPI

    -2.6% 

    -1.9%

    Growth Indexes
    GDP

     -

    7.7% (Q1)

    PMI

    50.6

    50.9

    Retail  12.8%

    12.6% 

    Fixed-asset investment   20.6%

    20.9% 

    Industrial output  9.3%

     8.9%

    Trade Indexes
    Export  $187b

     $182.2b 

    Import  $169b

    $183.1b

    Surplus  $18.2b

    -$0.88b 

    Financial Indexes
    New loans

     792.9b yuan

    1.06t yuan 

    M2  103.3t yuan  103.6t yuan
    FDI  $8.44t  $12.42t
    Other Indexes
    Fiscal revenue  1.14t yuan

    960.8b yuan 

    Home sales (floor space)    
    Power consumption    414bkWh
     

    Opinion

    Overcoming growing pains

    The government will maintain a proactive fiscal policy and a prudent monetary policy due to the country's slower economic growth.

    New growth model, new FDI scopes

    During the past three decades, China's growth was predicated on investment and net exports. In the future, it will be driven increasingly by consumption.

    Comment

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