Im/Ex in May,2010：Exports Continued Recovery in May

On June 10, 2010, General Administration of Customs of the People＇s China （GAC） Republic of released the profile of China foreign trade import and export in May and the first five months of this year. China returned to a trade surplus in April on strong exports growth after posting its first monthly deficit in almost six years in March, and Chinas exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs （GAC） announced.     

Imports,exports： 10.7% ↓ in Oct.

China＇s imports and exports fell 10.7 percent in October year on year, but monthly exports exceeded US$100 billion for a fourth straight month this year, the General Administration of Customs announced on November 11.     

Peanut export：9%↑in H1

China＇s exports of peanuts rose 9 percent year on year in the first half of this year, but the total export value fell because of lower prices paid for the commodity, an official said on July 29.     

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.     

Decline of US Investment in China Should Not Be a Trend

At the routine press conference of the Ministry of Commerce ,(MOFCOM)on May 17, it was released that the investment from the US to China from January to April witnessed decline.During the period, 475 companies were set up, down by 3.85% year on year and the real investment amount was US$1028 million, decreased by 28% year on year. On June 15, the Ministry of Commerce (MOFCOM) officially released the utilization of foreign investment in China from January to May in 2011.According to Yao Jian, the spokesman of MOFCOM, the investment from US to China from Januaryto May continued to be in decline, with the total investment for the past five months in 2011 as USS1285 million, down by 24.12% year on year.In contrast, in the same period, the investment from ten Asian countries (regions) including Hong Kong, Macao, Taiwan, Japan, Philippines, Thailand, Malaysia, Singapore, Indonesia, and South Korea reached US$41,236 billion, an increase of 29.28% year on year, and the investment from 27 EU countries amounted to US$2,929 billion, an increase of 9.02% from the previous year.     

CPC shuts its fuet-oit unit at Taoyuan Refinery in Taiwan or maintenance

Zhao Tiechui, the Secretary for State Administration of Coal Mine Safety announced on October 11 that in the first 3 quarters of this year, the national coal output hit 2.442 billion tons, with a year-on-year increase of 1Z2%; and the mortality rate was 0.783, dropping by 13.9% year on year.     

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.     

Chlna＇s petrochemical output value hits RMB 5.9 trln in Jan-Nov

China saw the total output value of the petrochemical industry decline 3% year on year in the first 11 months of this year to RMB 5.94 trillion, said Feng Shiliang, deputy secretary-general of the China Petroleum and Chemical Industry Association.     

Guangzhou port cargo： 12% ↑ in H1

Growth of China＇s foreign exchange reserves are slowing as the total reached US$2.4543 trillion by the end of June, up 15.1 percent year on year, the People＇s Bank of China （PBOC）, the central bank, announced on July 11.     

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.