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          China's CPI grows 2.1% in May

          China's consumer price index, a main gauge of inflation, grew 2.1 percent year-on-year in May, down from 2.4 percent in April.

          Slow growth continues for China's fiscal revenue

          China's fiscal revenue continued a trend of slow growth in May due to tempered economic expansion and the country's tax cutting policies.

          China's foreign trade growth slows in May

          China's foreign trade growth slowed sharply in May, partly as a result of new government rules to curb capital inflows disguised as trade payments.

          China's fixed-asset investment up 20.4% in Jan-May

          China's urban fixed asset investment rose 20.4 percent year-on-year to 13.12 trillion yuan ($2.13 trillion) in the first five months.

          China's May PPI down 2.9%

          China's producer price index, which measures inflation at the wholesale level, fell 2.9 percent year-on-year in May, NBS announced.

          China's industrial production expands 9.2%

          China's industrial value-added output rose 9.2 percent year-on-year in May, down from April's 9.3-percent increase, the National Bureau of Statistics said

          China's retail sales up 12.9% in May

          China's retail sales grew 12.9 percent year-on-year to 1.89 trillion yuan ($306.8 billion) in May, the National Bureau of Statistics announced

          China's May new yuan loans fall

          China's new yuan-denominated lending fell to 667.4 billion yuan ($107.65 billion) in May, down from 792.9 billion yuan in April, the central bank said Sunday.

          China's May manufacturing PMI rises to 50.8

          China's Purchasing Managers' Index for the manufacturing sector rose to 50.8 percent in May from 50.6 percent in April, data from the CFLP showed.

          Major Figures

           

          April

          May

          Price Indexes
          CPI

          2.4%

          2.1% 

          PPI

          -2.6% 

          -2.9 

          Growth Indexes
          PMI

          50.6

          50.8

          Retail 12.8%

          12.9% 

          Fixed-asset investment 

          20.6%

          20.4%

          Industrial output

          9.3%

          9.2%

          Trade Indexes
          Export

          $187b

          $183b

          Import

          $169b

          $163b 

          Surplus

          $18.2b

          $20.4b 

          Financial Indexes
          New loans

          792.9b yuan

          667b yuan 

          M2 103.3t yuan 104.2t yuan
          FDI $8.44t  
          Other Indexes
          Fiscal revenue 1.14t yuan

          1.27t yuan 

           

          Opinion

          Debt control needed

          Although it is believed to be controllable, China's overall debt level could bring serious problems if its economy continues to slow down.

          Reform to ease debt risks

          The greatest risk in the global economy is the continuous exacerbation of sovereign debt risks, which are haunting both developed and developing countries.

          Comment

          Please leave your comment here.

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