China's July CPI up 1.8%

China's Consumer Price Index, a main gauge of inflation, grew 1.8 percent in July year-on-year, the National Bureau of Statistics said Thursday.

China's July exports slow sharply

China's export growth slowed sharply in July to a six-month low following dwindling demand from Europe and Japan, official data showed Friday.

China's July new lending sharply down to 540b yuan

China's new yuan-denominated lending in July declined sharply to 540.1 billion yuan ($85.19 billion), down from 919.8 billion yuan in June.

Fiscal revenues rise 8.2% in July

China's fiscal revenues grew 8.2 percent year-on-year to 1.07 trillion yuan ($168.77 billion) in July, the Ministry of Finance said Friday.

China's PPI down 2.9% in July

China's Producer Price Index, a main gauge of inflation at the wholesale level, fell 2.9 percent in July from a year earlier, the National Bureau of Statistics said Thursday.

Urban fixed-asset investment up 20.4%

China's urban fixed asset investment rose 20.4 percent year-on-year to 18.43 trillion yuan ($2.93 trillion) in the first seven months of 2012.

Industrial output growth slows to 9.2%

China's industrial value-added output expanded 9.2 percent year-on-year in July, a pace slightly slower than the 9.5-percent level in June, the National Bureau of Statistics said Thursday.

China property investment slows, sales decline narrows

China's real estate investment continued to lose steam in the first seven months of the year while house sales remained on a downward track.

China's retail sales up 13.1% in July

China's retail sales grew 13.1 percent year-on-year in July, slightly down from 13.7 percent in June, the National Bureau of Statistics said.
Vehicle sales up for 6th month

Major Figures

 

July

June

Price Indexes
CPI +1.8%

+2.2%

PPI -2.9%

-2.1%

Growth Indexes
GDP

7.6%

PMI

50.1

50.2

Retail

13.1%

13.7%

Fixed-asset investment 

20.4%

20.4%

Industrial output

9.2%

9.5%

Trade Indexes
Export

$177b

$180b

Import $152b

$148b

Surplus $25.2b

$31.7b

Financial Indexes
New loans

$85b

$144b
M2

$14.4t

$14.5t
FDI  

$12b

Other Indexes
Fiscal revenue

$169b

$173b

Home sales (floor space)

-6.6%

-10%

Power consumption

+4.5%

-

 

Opinion

Stable but slower growth

The plunge in trade growth in July has brought home the harsh reality that the ongoing global economic correction may go deeper than anticipated.

No fear of a hard landing

Panic responses to fall in China's growth rate are unwarranted because economy is on right track to meet this year's target.

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