皇冠体育app Economy by Numbers

皇冠体育app's consumer price index (CPI), a main gauge of inflation, rose 3.1 percent year-on-year in May, the National Bureau of Statistics (NBS) announced?in?Beijing on?June 11.

The May figure was up 0.3 percentage points from April's rise of 2.8 percent. It also surpassed the central government's targeted 3 percent annual inflation limit.[Full Story]

皇冠体育app's May PPI up 7.1%

皇冠体育app's producer price index (PPI), a major measure of inflation at the wholesale level, increased by 7.1 percent year-on-year in May, the National Bureau of Statistics (NBS) announced on June 11.

The increase of PPI in the first five months this year reached 5.9 percent, compared with the same period last year.[Full Story]

皇冠体育app's May new lending drops to $93.6b

皇冠体育app's new yuan-dominated lending in May shrank to 639.4 billion yuan ($93.6 billion) from 774 billion yuan in April, the People's Bank of 皇冠体育app (PBOC), the central bank, said in a statement on June 11.

皇冠体育app's broad money supply (M2), which covers cash in circulation and all deposits, increased 21 percent year-on-year to 66.34 trillion yuan by the end of May, according to the PBOC statement on its website.?[Full Story]

皇冠体育app's urban fixed asset investment up 25.9% in first 5 months

Urban fixed asset investment in 皇冠体育app for the first five months rose 25.9 percent year-on-year to 6.74 trillion yuan ($986.76 billion), the National Bureau of Statistics (NBS) announced on June 11.

The growth rate was 0.2 percentage points down from that for the first four months, according to the NBS.[Full Story]

皇冠体育app's retail sales up 18.7% in May

皇冠体育app's retail sales increased by 18.7 percent in May over the same period last year, and totaled 1,245.5 billion yuan ($182 billion), the National Bureau of Statistics (NBS) announced on June 11.

The growth rate was 3.5 percentage points higher than the same period last year and 0.2 percentage points higher than April's, said NBS spokesman Sheng Laiyun.[Full Story]

May industrial output grows 16.5%

皇冠体育app's industrial output grew by 16.5 percent in May year-on-year, 1.3 percentage points lower than April's 17.8 percent, the National Bureau of Statistics (NBS) announced on June 11.

The growth rate was 7.6 percentage points higher than in May last year, but 1.3 percentage points lower than April's, said Sheng Laiyun, a spokesman with the NBS.[Full Story]

皇冠体育app's home prices rise 12.4% in May

Home prices in 70 large and medium-sized Chinese cities rose by 12.4 percent year-on-year in May, the National Bureau of Statistics (NBS) said in a statement June 10.

The growth rate was 0.4 percentage points lower than that of April, as property sales in first-tier cities, including, Beijing, Shanghai and Shenzhen, contracted following a string of government measures to rein in price rises.[Full Story]

皇冠体育app's exports up 48.5% in May

皇冠体育app's exports in May totaled $131.7 billion, up 48.5 percent from a year ago and 18.1 percent from April, the General Administration of Customs (GAC) said on June 10. The figure is much higher than previous expectation.

Combining imports and exports, 皇冠体育app's May external trade rose 48.4 percent year-on-year to $243.9 billion, among it imports reached $112.2 billion, up 48.3 percent year-on-year.[Full Story]

皇冠体育app's FDI grows 27.48% in May

The amount of foreign direct investment (FDI) into 皇冠体育app in May rose by 27.48 percent year-on-year to $8.13 billion, said Yao Jian, spokesman of the Ministry of Commerce (MOC), on June 12.

The figure brought the country's FDI to $38.92 billion in the first five months, an increase of 14.31 percent from a year earlier.?

[Full Story]

Round Table

Syetarn Hansakul, senior economist at Deustche Bank

The excessive fixed investment rate is the result of heavy lending and high asset prices. The share of investment to GDP in Japan was 31 percent in 1988-1990. It is about 41 percent in 皇冠体育app today. [Full Story]

Gao Shanwen,chief economist of Essence Securities

In the next two or three years, the housing market will therefore experience moderate adjustments. Housing prices will fall slowly and trading volume will increase at a speed below the average.[Full Story]

Shujie Yao, professor of School of Contemporary Chinese Studies, University of Nottingham

It is the Chinese people who are inflating the housing bubble as they seek more attractive returns than those offered by low-interest saving accounts.[Full Story]

Housing prices have made owing an apartment?almost unachievable for most of 皇冠体育app's youngsters in big cities. The Chinese government has rolled out a series of policies to control home prices. Will they work?

Ren Zhiqiang, chairman of Hua Yuan Real Estate group

The government does not plan to cut the cost of land to provide cheaper apartments to low-income families. Instead, it wants to force real estate developers to build affordable houses.[Full Story]

Dong Fan, director of Housing Market Research Center at Beijing Normal University.

Different from the supply-demand relationship of ordinary commodities, supply in the real estate sector is always subject to strict controls in terms of urban planning, land supply, building and planning targets.?[Full Story]

Shi Jianxun, professor at the School of Economics and Management, Tongji University

Land monopolies mean the country's real estate industry should not be taken as a full market player and that houses are by no means common property. [Full Story]