Snapshot of China's Economy April 2013

From China Daily:

China's retail sales up 12.8% in April

China's retail sales grew 12.8 percent year-on-year to 1.76 trillion yuan ($283.4 billion) in April, the National Bureau of Statistics announced Monday.

FDI growth up for third consecutive month

Foreign direct investment in China grew for a third consecutive month in April, suggesting overseas investors' approval of the country's investment environment.

China's fiscal revenue rises 6.1% in April

China's fiscal revenue grew 6.1 percent year-on-year to 1.14 trillion yuan ($183.66 billion) in April, according to data released Monday by the Ministry of Finance.

China's fixed-asset investment up 20.6% in Jan-April

China's urban fixed asset investment growth accelerated 20.6 percent year on year to 9.13 trillion yuan ($147.29 billion) in the first four months of the year.

China's industrial output up 9.3% in April

China's industrial value-added output rose 9.3 percent year-on-year in April, the National Bureau of Statistics said Monday.

China's April new loans drop

China's new yuan-denominated lending dropped to 792.9 billion yuan in April, down from 1.06 trillion yuan in March.

China's April PPI down 2.6%

China's producer price index (PPI), which measures inflation at the wholesale level, fell 2.6 percent year on year in April.

China's inflation rises to 2.4% in April

China's consumer price index grew 2.4 percent year on year in April, up from 2.1 percent in March, the National Bureau of Statistics said Thursday.

China's export rises 14.7% in April

China's exports increased 14.7 percent year on year in April, while import surges 16.8 percent, the General Administration of Customs said Wednesday.

China's manufacturing PMI drops in April

China's Purchasing Managers' Index for the manufacturing sector fell to 50.6 percent in April from 50.9 percent in March, the CFLP said on Wednesday.

Major Figures

April March Price Indexes CPI  2.4% 2.1% PPI -2.6%  -1.9% Growth Indexes GDP  - 7.7% (Q1) PMI 50.6 50.9 Retail  12.8% 12.6%  Fixed-asset investment   20.6% 20.9%  Industrial output  9.3%  8.9% Trade Indexes Export  $187b  $182.2b  Import  $169b $183.1b Surplus  $18.2b -$0.88b  Financial Indexes New loans  792.9b yuan 1.06t yuan  M2  103.3t yuan  103.6t yuan FDI  $8.44t  $12.42t Other Indexes Fiscal revenue  1.14t yuan 960.8b yuan  Home sales (floor space)     Power consumption    414bkWh

Opinion

Overcoming growing pains

The government will maintain a proactive fiscal policy and a prudent monetary policy due to the country's slower economic growth.

New growth model, new FDI scopes

During the past three decades, China's growth was predicated on investment and net exports. In the future, it will be driven increasingly by consumption.

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