China's Q2 GDP grows 6.7 pct
2016-07-15 10:12 Xinhua Finance in BEIJING
China's gross domestic product expanded 6.7 percent year on year in the second quarter of 2016, stable from the first quarter, the National Bureau of Statistics
said on Friday.
China's property investment grows 6.1 pct in H1
Investment in China's property sector rose 6.1 percent year on year in the first half of 2016, slightly lower than 6.2 percent registered in the first quarter, official data showed Friday.
China's fixed-asset investment up 9 pct in H1
China's fixed-asset investment grew 9 percent in the first half of 2016, compared with a 10.7-percent growth recorded in the first quarter, official data showed Friday.
China retail sales up 10.3 pct in H1
China's retail sales of consumer goods grew 10.3 percent year on year in the first half of this year, staying flat with the 10.3-percent growth for the first quarter, official data showed on Friday.
China's new yuan loans rise to 1.38 trillion yuan in June
China's new yuan-denominated lending in June stood at 1.38 trillion yuan (about 205.97 billion U.S. dollars), up 104.4 billion yuan from a year earlier, official data showed on Friday. The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.8 percent year on year to 149.05 trillion yuan by the end of June, the People's Bank of China said in a statement on its website. The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 24.6 percent year on year to 44.36 trillion yuan.
China's industrial output growth speeds up
Growth of China's industrial output picked up in June mainly thanks to strong performance in the high-tech and equipment manufacturing sectors, official data showed Friday. Industrial output grew 6.2 percent year on year in June, up from 6.0 percent growth in April and May, the National Bureau of Statistics (NBS) announced. Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (3.22 million U.S. dollars). Month on month, industrial output gained 0.47 percent in June. In the first half of the year, industrial output grew 6.0 percent year on year, higher than the 5.8-percent growth in the first quarter.
---------------#####---------------
China retail sales up 10.3 pct in H1
Source: Xinhua 2016-07-15 11:05:26
BEIJING, July 15 (Xinhua) -- China's retail sales of consumer goods grew 10.3 percent year on year in the first half of this year, staying flat with the 10.3-percent growth in the first quarter, official data showed on Friday.
Total retail sales of consumer goods stood at 15.6 trillion yuan (2.2 trillion U.S. dollars) in the first half of 2016, according to the National Bureau of Statistics (NBS).
Retail sales in rural areas expanded by 11 percent year on year, outpacing the 10.2 percent rate for sales in urban areas.
In June, retail sales of consumer goods grew 10.6 percent year on year, compared with 10-percent growth for May, NBS data showed.
In the first six months, online sales surged by 28.2 percent year on year to 2.2 trillion yuan.
A confluence of factors, including rising salaries and subdued consumer prices, were behind the strength in the first quarter.
Retail sales have contributed significantly to China's economic growth as the country shifts from an export-driven economy to a consumer society.
In 2015, consumption contributed 66.4 percent to China's
GDP, up 15.4 percentage points from 2014.
---------------#####---------------
China's electricity consumption picks up in H1
Xinhua, July 14, 2016
China's electricity use rose 2.7 percent year on year in the first half of 2016, official data showed Thursday.
Electricity consumption totaled 2.8 trillion kilowatt hours in the first six months, according to data from the National Development and Reform Commission.
Electricity use in the service sector and agricultural sector rose 9.2 percent and 7.7 percent, respectively, in the January-June period, while the industrial sector saw an increase of 0.5 percent.
In June alone, electricity consumption increased 2.6 percent year on year to 492.5 billion kilowatt hours, the commission said.
The data points to positive changes in China's economic structure, as power use in the service sector grew faster than the industrial sector, Zhao Chenxin, spokesperson of the commission, said at a press conference.
---------------#####---------------
China greenlights 96 fixed-asset investment projects in Jan-June
Updated: Jul 14,2016 2:04 PM Xinhua
China’s top economic planner approved 96 fixed-asset investment projects with total investment reaching 461.6 billion yuan ($71 billion) in the first six months of 2016, an official said on July 14.
In June alone, the National Development and Reform Commission (NDRC) approved 23 projects involving 151.1 billion yuan, which cover transportation, high technology and water conservation, said NDRC spokesperson Zhao Chenxin at a press conference.
China’s fixed-asset investment grew 9.6 percent year on year in the first five months, 0.9 percentage points lower than that recorded in the first four months of 2016, according to data released by the National Bureau of Statistics (NBS).
The investment structure was improved with more money spent on high-tech and service sectors, while less money went into industries with high energy consumption or excessive capacity, according to the NBS.