China's CPI eases to 3.0% in May

China's consumer price index (CPI), a main gauge of inflation, slipped to 3.0 percent in May from April's 3.4 percent.

It marked a 17-month-low, easing from April's 3.4 percent and 3.6 percent in March.

China new yuan lending rises in May

China's new yuan-denominated loans rose to 793.2 billion yuan ($125.9 billion) in May, 241.6 billion yuan up from the same period last year.

China fiscal revenue up 13% in May

China's fiscal revenue in the first five months of the year rose 12.7 percent from the same period a year ago.

Exports rise but outlook still cloudy

Exports jumped by more than 15 percent in May from the previous year. But economists warned that prospects for the year remain dim.

China's retail sales up 13.8% in May

China's retail sales grew 13.8 percent year on year to 1.67 trillion yuan ($265.08 billion) in May, the National Bureau of Statistics (NBS) said.

Industrial value-added output up 9.6%

China's industrial value-added output grew 9.6 percent year on year in May after adjusted by inflation, the National Bureau of Statistics said.

China's fixed-asset investment up 20.1%

China's fixed-asset investment rose 20.1 percent year on year to 10.89 trillion yuan ($1.73 trillion) in the first five months of this year.

China's PPI down 1.4% in May

China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, fell 1.4 percent in May from a year earlier.

It fell deeper than April's 0.7 percent, and marked another month of year-on-year decline after China's PPI saw a drop in March for the first time since December 2009.

China's May PMI drops to 50.4%

The purchasing managers index, a readout of the country's manufacturing activity, ended five consecutive months of growth in May and retreated to 50.4 percent from 53.3 percent in April, the China Federation of Logistics and Purchasing said.

Major Figures

CPI

+3.4

+3.0

Indexes April May
Price Indexes
PPI

-0.7

-1.4%

Growth Indexes
GDP  

 

PMI

53.3

50.4

Retail

+14.1%

+13.8% 

Fixed-asset investment

+20.2%

+20.1% 

Industrial output

+9.3%

+9.6%

Trade Indexes
Export

$163b

$181b

Import

$145b

$162b

Surplus

$18.4b

$18.7b

Financial Indexes
New loans

682b yuan

793b yuan

M2

+12.8%

+13.2%

FDI  $8.4b

 

Other Indexes
Fiscal revenue

+6.9%

+13.1%

Home sales

-11.8%

 
Power consumption

389.9b kWh

406.1b kWh

 

Opinion

For the good of the people

The key to changing the economic structure and adjusting the investment structure lies in rational allocation of State-owned capital.

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