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China’s Major Economic Indicators in August 2010
added: 2010-09-14

In August, the total value added of the industrial enterprises above designated size was up 13.9 percent year-on-year, or 0.5 percentage point higher than that in July 2010; in the first eight months of this year, it was up 16.6 percent year-on-year, which was down by 0.4 percentage point over that in the first seven months of 2010.

1. The industrial production realized steady growth.

In August, the total value added of the industrial enterprises above designated size was up 13.9 percent year-on-year, or 0.5 percentage point higher than that in July 2010; in the first eight months of this year, it was up 16.6 percent year-on-year, which was down by 0.4 percentage point over that in the first seven months of 2010.

Analysis on different types of enterprises showed that in August 2010, the growth of the state-owned and state holding enterprises went up by 11.7 percent; collective enterprises, 8.1 percent; share-holding enterprises, 14.7 percent; and 13.4 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province. The year-on-year growth of heavy industry in August was 14.2 percent, and 13.1 percent for the light industry.

Grouped by different sectors, in August all the 39 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 11.6 percent; the manufacture of raw chemical materials and chemical products, up by 12.9 percent; the manufacture of non-metallic mineral products, up by 18.8 percent; the manufacture of general machinery, 20.1 percent; the manufacture of transport equipment, 16.6 percent; the manufacture of electric machinery and equipment, 18.3 percent; the manufacture of communication equipment, computers and other electronic equipment, 14.9 percent; the production and supply of electricity, gas and water, up 11.6 percent; and the ferrous metal smelting and pressing, up by 8.1 percent.

In terms of different products, of the total 503 products, the output of 415 products in August showed a year-on-year growth. Of this total, the output of crude oil was 17.43 million tons, up by 6.5 percent; that of electricity was 390.3 billion kilowatt-hours, up by 12.6 percent; that of pig iron was 51.64 million tons, down by 1.1 percent; that of cement was 167.80 million tons, up by 12.8 percent; that of motor vehicles was 1,331 thousand, up by 13.1 percent, of which, the output of cars was 701 thousand, up by 7.7 percent.

The sales ratio of industrial products in August was 98.2 percent, or 0.5 percentage point higher than that in last August. The total export delivery value of industrial enterprises was 783.8 billion yuan, up by 26.7 percent year-on-year.

2. The growth rate of urban investment in fixed assets came down from a high level.

In the first eight months of this year, the urban investment in fixed assets reached 14,099.8 billion yuan, up by 24.8 percent year-on-year, or 0.1 percentage point lower than that in the first seven months of this year. Of this total, that in the state-owned and state holding enterprises reached 5,845.2 billion yuan, a rise of 20.0 percent; that in the real estate development was 2,835.5 billion yuan, up by 36.7 percent.

Grouped by jurisdiction of project management, in the first eight months of this year, the central investment reached 1,120.0 billion yuan; the year-on-year growth was 11.4 percent while the local investment was 12,979.8 billion yuan, up by 26.1 percent. Grouped by status of registration, in the first eight months of this year, the investment by domestic enterprises was 13,106.3 billion yuan, up by 26.3 percent; investment by funds from Hong Kong, Macao and Taiwan was 445.4 billion yuan, up by 15.8 percent; and the investment by foreign funds was 488.7 billion yuan, up by 2.5 percent.

In the first eight months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 18.6 percent, 22.2 percent and 27.0 percent respectively. Grouped by different sectors, in the first eight months of this year, the investment in production and supply of electric power and heat power was 676.7 billion yuan, up 7.9 percent; extraction of petroleum and natural gas 147.8 billion yuan, up by 10.3 percent; railway transport 378.0 billion yuan, up 21.7 percent.

Analysis on projects under construction or started this year showed that in the first eight months of this year, projects under construction numbered 362,650, an increase of 22,882 over the same period of last year; the total planned investment in projects under construction reached 43,594.4 billion yuan, up by 27.3 percent year-on-year; projects newly started this year totaled 232,269, a decrease of 2,637; the total planned investment in newly started projects was 12,213.8 billion yuan, up by 26.3 percent over the same period of last year.

In terms of funds in place for investment, in the first eight months of this year, 16,704.0 billion yuan had been invested, a year-on-year growth of 26.5 percent. Of this total, the growth of government budgetary funds went up by 11.5 percent; investment from domestic loans went up by 22.6 percent; that from self-raising funds went up by 30.5 percent and that from foreign investment grew by 3.9 percent.

3. Total retail sales of consumer goods showed steady and fast growth.

In August, the total retail sales of consumer goods reached 1,257.0 billion yuan, a year-on-year rise of 18.4 percent, which was 0.5 percentage point higher than that in the previous month of this year. In the first eight months of this year, the total retail sales of consumer goods were 9,749.2 billion yuan, a year-on-year growth of 18.2 percent, maintaining the same level as that in the first seven months of this year.

Analyzed by different areas, the retail sales in urban areas reached 1,093.0 billion yuan in August, up by 18.8 percent, and the retail sales in rural areas stood at 164.0 billion yuan, up by 15.9 percent.

Grouped by consumption patterns, the total income of catering services was 147.1 billion yuan in August, up by 18.8 percent year-on-year, and that of retail goods was 1,109.9 billion yuan, up 18.4 percent. Of this total, the total retail sales of enterprises (units) above designated size were up by 28.1 percent.

4. The growth of consumer prices expanded to some extent.

In August, the consumer price index went up by 3.5 percent year-on-year, or 0.2 percentage point higher over that in July of this year. The price grew by 3.4 percent in cities and 3.7 percent in rural areas. The food price went up by 7.5 percent while the non-food price increased by 1.5 percent. The prices of consumer goods went up by 3.8 percent and the prices of services grew up by 2.4 percent. Grouped by commodity categories, in August, of the eight categories of commodities, six of them experienced prices rise and two witnessed prices decline. Of which, prices for food went up by 7.5 percent; prices for tobacco, liquor and articles rose by 1.5 percent; price for clothing went down by 1.2 percent; prices for household facilities, articles and maintenance services went up by 0.4 percent; health care and personal articles rose by 3.3 percent; transportation and communication went down by 0.6 percent; recreation, education, culture articles and services grew by 1.2 percent, and housing went up by 4.4 percent. In the first eight months, the year-on-year change of consumer price was up by 2.8 percent, or expanded by 0.1 percentage point as compared with that in the first seven months of this year.

In August this year, the month-on-month change of consumer price was up by 0.6 percent. Of which, price in cities went up by 0.6 percent and that in rural areas went up by 0.8 percent. The food price rose by 2.0 percent and the non-food price maintained the same level. The price of consumer goods grew by 0.8 percent, and the price of services went up by 0.2 percent. Grouped by commodity categories, in August, prices for food rose by 2.0 percent month-on-month, of which the price for fresh vegetables increased by 7.7 percent; prices for tobacco, liquor and articles increased by 0.2 percent, price for clothing went down by 0.7 percent, prices for household facilities, articles and maintenance services increased by 0.1 percent, health care and personal articles grew by 0.1 percent; transportation and communication went down by 0.1 percent, recreation, education, culture articles and services rose by 0.2 percent, and housing went up by 0.2 percent.

5. The growth rate of producer prices for manufactured goods continued to drop.

In August, the producer prices for manufactured goods went up by 4.3 percent year-on-year, or 0.5 percentage points lower than that in the previous month. The producer prices for means of production went up by 5.0 percent year-on-year in August, of which that for mining and quarrying industry grew by 14.8 percent, raw materials industry went up by 7.8 percent and processing industry increased by 2.5 percent. The producer prices for means of livelihood increased by 2.2 percent, of which, the food prices grew by 4.0 percent, clothing went up by 1.7 percent, articles for daily use grew by 2.2 percent and durable consumer goods dropped by 0.4 percent. In August, the month-on-month change of the producer prices for manufactured good went up by 0.4 percent. In the first eight months of this year, the year-on-year change of the producer price for manufactured good was up by 5.6 percent, which was 0.2 percentage point lower than that in the first seven months of this year.

In August, the purchasing prices for raw materials, fuel and power went up by 7.5 percent year-on-year. The year-on-year change of prices for nonferrous metals and wire went up by 16.6 percent, fuel and power rose by 10.2 percent, 5.9 percent growth for raw chemical materials and 6.5 percent increase for ferrous metals. In the first eight months, the purchasing prices for raw materials, fuel and power grew by 10.1 percent year-on-year.


Source: National Bureau of Statistics of China

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