China economic data

CNC
Added On March 15, 2019

Now, some latest economic data from China.
 
Figures showed that China's industrial production was generally stable in the first two months of this year with fast growth in emerging industries and new products.
 
INDUSTRIAL OUTPUT EXPANDS
 
According to the National Bureau of Statistics(NBS), China's industrial output expanded 5.3 percent year on year in the first two months, narrowing from 5.7 percent growth in December 2018.
 
Deducting the Spring Festival factor, China's industrial output expanded 6.1 percent year on year in the first two months.
 
Production in strategic emerging industries expanded by about 10 percent, 4.8 percentage points higher than the general industrial output growth.
The output of new energy vehicles saw a surge of 53.3 percent year on year during the period.
 
Industrial output is used to measure the activity of designated large enterprises with an annual turnover of at least 20 million yuan (about 3 million U.S. dollars).
 
RETAIL SALES HOLD STEADY
 
A separate report showed that China's retail sales of consumer goods held steady in the first two months of the year, with strong growth in online sales and the catering sector.
 
The indicator of consumption rose 8.2 percent year on year in the first two months of the year, flat with that in December.
 
After deducting price factors, the indicator grew 7.1 percent in real terms, accelerating from December's 6.6-percent rise.
 
Consumption in rural areas climbed 9.1 percent, outpacing a rise of 8 percent in urban regions. The catering industry reported a 9.7-percent increase in revenue.
 
Online retail sales maintained robust growth, up 13.6 percent in the first two months.
 
Consumption contributed more than 76 percent to China's GDP growth last year.
 
PROPERTY INVESTMENT UP
 
According to the NBS, China's real estate investment increased 11.6 percent year on year in the first two months of this year.
 
The growth was faster than the 9.5-percent expansion recorded in 2018.
 
The total property investment in the first two months amounted to over 180 billion U.S. dollars, with 72.1 percent used in residential buildings.