Macro-Control V.S.Economic Slowdown

On July 15th,according to the microeconomic statistics of the first half of the year released by the National Bureau of Statistics,China's GDP increased by 11.1% year on year,CIP by 2.6%,somewhat lower than that of the first quarter in terms of growth rate.     

GDP:9.9%↑

China's gross domestic product(GDP)grew 9.9 percent year on year to RMB 20.163 trillion(US＄2.96 trillion)in the first three quarters of this year,the Na- tional Bureau of Statistics(NBS)said on October 20. The growth rate was 2.3 percentage points lower than the same period of last year,or 0.5 percentage points lower than the first quarter of this year.     

Macao＇s Visitor Expenditure Sees Year-on-year Rise in Q1

The per-capita spending of visitors in Macao stood at 1,649 patacas （US$206.125） in the first quarter of this year, up 6% year on year.     

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 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.     

EU

Euro zone economy contracts in Q2 Economic growth in the 15-nation euro zone shrank in the second quarter of the year, an offficial EU figures showed on Sep- tember 3. The euro-zone economy decreased by 0.2% in the sec- ond quarter for the first time since the zone was formed in 1999, according to the European Union's statistics office (Eurostat). The growth rate in the first three months of the year climbed 0.7%, said the Eurostat. Compared with the same period of last     

Qingdao Jimo：Online Clothing Wholesale Platform Launch Soon

China＇s national scale enterprises completed fabric output of 4.98909 billion meters in March of 2010, and 13.22906 billion meters in the first quarter, an increase of 17.64 percent year on year, according to the latest statistics from the statistics Center of China Textile Industry Association.     

More updates on Price

Prices indices of fixed-asset investment rose 8.6 percent year-on-year in the first quarter,said the National Bureau of Statistics （NBS） on April 23.This NBS report represents for the first time that fixed-asset investment prices indices were reported on a quarterly basis;previously,the index was calculated once a year.     

Figure

GDP:8.7%in 2009 China's economy expanded 8.7 percent in 2009 from a year earlier,exceeding the government's annual growth target of 8 percent,according to the official data. Gross domestic product(GDP) reached RMB 33.54 trillion (US$4.91 trillion) in 2009,Ma Jiantang,director of the National Bureau of Statistics(NBS),said on January 21. China's economy rose 10.7 percent year on year in the fourth quarter.This compared with 6.2 percent growth in the first quarter, 7.9 percent in the second,and 9.1 percent...     

Report：China color TV exports down 14.9% in Q1

China Telecom＇s net profit plunged 27 percent in the first quarter year on year as demand for fixed-line services slowed but it reversed a huge loss in the previous quarter, the country＇s biggest fixed-line phone firm said April 20.But the company＇s mobile service subscriber base increased in the first quarter for the first time since it took over the CDMA business from China Unicom.     

BOC expects more interest cuts in 2009

Chinese Premier Wen Jiabao on January 19 called for more steps in the first quarter this year to reverse the trend of economic slowdown as soon as possible and realize a good start for the whole of 2009     

GDP：6.1%↑in Q1

China＇s economy expanded by 6.1 percent year on year in the first quarter, official data showed on April 16.     

China's Industrial Economy Rises Amidst Diffculties

“China's Industrial production is on the steady rise,though confronted with the tightening external economic environment,” according to a recent report by the Ministry of Industry and Information Technology (MIIT).The industrial value-added output during the January-July period rose 14.3 percent year on year.Since the second half of last year,the industrial economy has been keeping a smooth growth.The industrial value-added output in the first and second quarter of this year climbed 14.4 and 14 percent respectively.Generally,there is no drastic fluctuation in the industrial economy.     

International Hot Money Probably Flows in Batch into China with Great Anticipation of Appreciation of RMB

According to the data newly issued by China‘s Central Bank, deposit balance including foreign exchange in internal financial institutions has reached US$ 162.8 billion, increasing by 10.9% over the last year by the end of March of 2005. In the first quarter of this year, deposit of foreign exchange has increased by US$8 billion, growing by US$10.4 billion over the last year. Loan balance of foreign exchange of financial institutions has amounted to US$146.9 billion, increasing by 13.3% over the last year.Loan of foreign exchange in the first quarter has increased by US$ 10.8 billion, growing by US$1.4 billion over the last year.……     

International Hot Money Probably Flows in Batch into China with Great Anticipation of Appreciation of RMB

According to the data newly issued by China's Central Bank, deposit balance including foreign exchange in internal financial institutions has reached US$ 162.8 billion, increasing by 10.9% over the last year by the end of March of 2005. In the first quarter of this year, deposit of foreign exchange has increased by US$8 billion, growing by US$10.4 billion over the last year. Loan balance of foreign exchange of financial institutions has amounted to US$146.9 billion, increasing by 13.3% over the last year.Loan of foreign exchange in the first quarter has increased by US$ 10.8 billion, growing by US$1.4 billion over the last year.     

International Hot Money Probably Flows in Batch into China with Great Anticipation of Appreciation of RMB

According to the data newly issued by China‘s Central Bank, deposit balance including foreign exchange in internal financial institutions has reached US$162.8 billion, increasing by 10.9% over the last year by the end of March of 2005. In the first quarter of this year, deposit of foreign exchange has increased by US$8 billion, growing by US$10.4 billion over the last year. Loan balance of foreign exchange of financial institutions has amounted to US$146.9 billion, increasing by 13.3% over the last year.Loan of foreign exchange in the first quarter has increased by US$10.8 billion, growing by US$1.4 billion over the last year.     

More Updates on Price

Fixed-asset investment prices:8.6% 1' Prices indices of fixed-asset investment rose 8.6 percent year-on-year in the first quarter,said the National Bureau of Statistics (NBS) on April 23.This NBS report represents for the first time that fixed-asset investment prices indices were re- ported on a quarterly basis;previously,the index was calculated once a year. Driven by rises of building material prices and labor costs,the cost of construction and in- stallation engineering,which represents about 60 percent of total expenditures on fixed assets,went up 12.4 percent.     

McDonald＇s to accept rivals＇ coupons in food fight

Hewlett-Packard Co. （HP） on February 17 posted a 25-percent jump in profit in its most recent quarter, citing strong growth in printer, industry standard server and personal computer （PC） businesses. In the first 2010 fiscal quarter ended on Jan. 31, the world＇s largest PC maker reportedprofit of 2.32 billion U.S. dollars, compared with US$1.86 billion in the same period a year earlier.