China’s National Bureau of Statistics released monthly economic data
Xinhua Aug. 11
China's July CPI falls 1.8 %, PPI drops 8.2%
China's consumer price index (CPI), a main gauge of inflation, dipped 1.8 percent in July from a year earlier, the National Bureau of Statistics (NBS) announced Tuesday.
This marked the sixth consecutive month of decline since the index dropped 1.6 percent in February, the first fall since October 2002.
The index was unchanged compared with June, according to the NBS. The CPI fell 1.7 percent in June year on year.
The country's producer price index (PPI), a major measure of inflation at the wholesale level, fell 8.2 percent year on year in July, according to the NBS. It showed a month-on-month increase of 1 percent.
The July decline compared with a 7.8-percent drop in June and 7.2-percent drop in May year on year.
China's imports, exports continue falling in July
China's imports and exports continued falling in July from a year earlier, the General Administration of Customs announced here Tuesday.
Exports dropped 23 percent year on year last month while imports were 14.9 percent lower than a year earlier.
China urban fixed-asset investment up 32.9% in first seven months
China's urban fixed-asset investment rose 32.9 percent in the first seven months of this year from a year earlier to 9.59 trillion yuan (1.4 trillion U.S. dollars), the National Bureau of Statistics (NBS) announced Tuesday.
The growth rate was 5.6 percentage points higher than the same period of last year, but 0.7 percentage points lower than the first half of this year, which saw urban fixed-asset investment up 33.6 percent from a year earlier.
June alone recorded a 35.3-percent rise. The NBS provided no monthly figures for July.
The growth rate in the primary sector (including farming, fishing and forestry) jumped 62.5 percent from a year earlier.
The industrial sector saw investment rise 27.8 percent and the tertiary sector, covering commerce, finance and services, saw a 36.5-percent growth.
China unveiled a 4-trillion-yuan stimulus package in November to boost investment in factories, property, roads and other facilities to counter falling exports and fuel growth of the world's third largest economy.
China's industrial output up 10.8% in July
China's industrial output rose 10.8 percent in July from a year earlier, after gaining 10.7 percent in June, the National Bureau of Statistics said Tuesday.
It is the second time since September last year that output saw double-digit growth after the government put in place powerful fiscal and monetary policies to boost economic growth.
The July growth rate was 3.9 percentage points lower than a year earlier level, but 0.1 percentage point faster than June.
The first seven months saw the growth of industrial output at 7.5 percent from a year earlier, faster than the 7-percent for the first half.
In July, the output of heavy industry rose 11.3 percent and light industry was up 9.2 percent. All 39 sectors posted year-on-year growth, with textiles up 8.6 percent, and chemical materials and products up 11.7 percent.
Coal output rose 14.8 percent from a year earlier to 260 million tonnes, and crude oil output dropped 0.3 percent to 16.14 million tonnes. Steel output climbed 12.6 percent to 50.68 million tonnes. Power generation increased 4.8 percent.
China's power output up 4.8% in July
China's power generation expanded 4.8 percent in July from a year earlier, the National Bureau of Statistics (NBS) said Tuesday.
