China＇s Machinery Industry Going Like Gangbusters

Output in China＇s machinery industry soared 32% year on year to RMB 1.5 trillion （US$196 billion） in the first quarter, according to the latest report from the National Development and Reform Commission.     

China＇s fixed asset investment：28.8%↑in Q1

China＇s fixed asset investment in the first quarter rose 28.8 percent year on year to RMB 2.81 trillion（US$411.4 billion）, the National Bureau of Statistics （NBS） announced on April 16.     

Australian gov＇t_approves China＇s Baosteel investment of Auuila

China could see a drop in steel products price on the domestic market in the fourth quarter due increasing stockpiles of rolled steel and billet, warned the China Iron ＆ Steel Association （CISA） on November 3.     

Data Watch:China's Foreign Trade & Investment in the First Quarter of 2012

China's foreign trade in the first quarter of 2012 According to statistics of the Customs,China's exports and imports in the first quarter of 2012 reached $859.37 billion,up by 7.3％ over the same period of last year.Specifically,exports stood at $430.02 billion,up by 7.6％year on year;imports $429.35 billion,up by 6.9％.The three months saw a trade surplus of $670 million,compared with a deficit of $2.22 billion at the same period of last year.     

More Going Out than Coming in

China's FDI suffered a downturn again this March,with actual use of foreign capital of US$11.757 billion,6.1％ decrease year on year.It was the fifth continuous month that China suffered a fall in absorbing foreign investment.In the first quarter of 2012,China's FDI dropped by 2.8％ to US$29.48 billion,according to the Ministry of Commerce at its regular press conference on April 17. However,we found another interesting comparison figure,in the same first quarter of this year China's overseas investment witnessed an impressive growth of 94.5％ and reached US$16.55 billion.     

Retail sales： 17.9% ↑ in Q1

China＇s retail sales, the main gauge of consumer spending in the world＇s fastest-growing economy, rose 17.9 percent year on year to RMB 3.64 trillion （US$532.56 billion） in the first quarter this year, the National Bureau of Statistics （NBS） said on April 15.     

China''''s Machinery Industry Going Like Gangbusters

Output in China's machinery industry soared 32% year on year to RMB 1.5 trillion (US＄196 billion) in the first quarter,ac- cording to the latest report from the National Development and Reform Commission. The machinery industry is expected to continue expanding in the second quarter,but at a slower pace,said the report.     

China＇s railway freight up0.3% in July

China＇s shipbuilding enterprises realized a total output value of RMB 300.6 billion （US$44 billion） in the first seven months of this year, Ministry of Industrial and Information Technology said on August 20.     

China＇s industrial output grew 5.1↑in Q1

China＇s industrial output grew 5.1 percent year on year in the first quarter, down 11.3 percentage points from the first quarter of 2008, the National Bureau of Statistics （NBS） said on April 16.     

China＇s credit card debt continues to expand

Credit card debt at least six months overdue in China rose 126.5 percent year on year in the first three quarters of 2009 to RMB 7.43 billion （US$1.09 billion）, the People＇s Bank of China, the central bank, said on November 30.