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China's Major Economic Indicators in May 2010
added: 2010-06-15

In May, the total value added of the industrial enterprises above designated size was up 16.5 percent year-on-year, which was 7.6 percentage points higher than that in May 2009, or 1.3 percentage points lower than that in the previous month of this year. In the first five months of this year, it was up 18.5 percent year-on-year, which was 12.2 percentage points higher than that in the same period of last year, or down by 0.6 percentage point over that in the first four months of this year.

1. The industrial production realized steady and fast growth.

In May, the total value added of the industrial enterprises above designated size was up 16.5 percent year-on-year, which was 7.6 percentage points higher than that in May 2009, or 1.3 percentage points lower than that in the previous month of this year. In the first five months of this year, it was up 18.5 percent year-on-year, which was 12.2 percentage points higher than that in the same period of last year, or down by 0.6 percentage point over that in the first four months of this year.

Analysis on different types of enterprises showed that in May 2010, the growth of the state-owned and state holding enterprises went up by 16.8 percent; collective enterprises, 10.4 percent; share-holding enterprises, 18.3 percent; and 14.7 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 May was 17.8 percent, and 13.6 percent for the light industry.

Grouped by different sectors, in May all the 39 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 11.3 percent; the manufacture of raw chemical materials and chemical products, up by 17.0 percent; the manufacture of non-metallic mineral products, up by 20.6 percent; the manufacture of general machinery, 20.0 percent; the manufacture of transport equipment, 22.3 percent; the manufacture of electric machinery and equipment, 21.0 percent; the manufacture of communication equipment, computers and other electronic equipment, 17.8 percent; the production and supply of electricity, gas and water, up 14.5 percent; and the ferrous metal smelting and pressing, up by 15.3 percent.

In terms of different products, of the total 503 products, the output of 437 products in May showed a year-on-year growth. Of this total, the output of crude oil was 17.15 million tons, up by 7.0 percent; that of electricity was 340.5 billion kilowatt-hours, up by 18.9 percent; that of pig iron was 56.14 million tons, up by 20.7 percent; that of cement was 173.58 million tons, up by 18.0 percent; that of motor vehicles was 1,458 thousand, up by 26.6 percent, of which, the output of cars was 719 thousand, up by 21.5 percent.

The sales ratio of industrial products in May was 97.6 percent, or 0.3 percentage point higher than that in last May. The total export delivery value of industrial enterprises was 762.8 billion yuan, up by 31.7 percent year-on-year.

2. Urban investment in fixed assets kept fast growth.

In the first five months of this year, the urban investment in fixed assets reached 6,735.8 billion yuan, up by 25.9 percent year-on-year, or 0.2 percentage point lower than that in the first four months of this year. Of this total, that in the state-owned and state holding enterprises reached 2,806.4 billion yuan, a rise of 21.7 percent; that in the real estate development was 1,391.7 billion yuan, up by 38.2 percent.

Grouped by jurisdiction of project management, in the first five months of this year, the central investment reached 540.0 billion yuan, the year-on-year growth was 14.1 percent while the local investment was 6,195.8 billion yuan, up by 27.0 percent. Grouped by status of registration, in the first five months of this year, the investment by domestic enterprises was 6,226.1 billion yuan, up by 27.6 percent; investment by funds from Hong Kong, Macao and Taiwan was 227.0 billion yuan, up by 14.7 percent; and the investment by foreign funds was 253.9 billion yuan, up by 2.3 percent.

In the first five months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 16.1 percent, 22.4 percent and 28.8 percent respectively. Grouped by different sectors, in the first five months of this year, the investment in production and supply of electric power and heat power was 321.4 billion yuan, up by 8.0 percent; that in extraction of petroleum and natural gas 73.8 billion yuan, up 5.9 percent; and that in railway transport 161.1 billion yuan, up 20.4 percent.

Analysis on projects under construction or started this year showed that in the first five months of this year, projects under construction numbered 234,805, an increase of 18,385 over the same period of last year; the total planned investment in projects under construction reached 35,513.3 billion yuan, up by 28.7 percent year-on-year; projects newly started this year totaled 118,090, a decrease of 5,788; the total planned investment in newly started projects was 6,741.9 billion yuan, up by 26.5 percent over the same period of last year.

In terms of funds in place for investment, in the first five months of this year, 9,134.9 billion yuan had been invested, a year-on-year growth of 33.8 percent. Of this total, the growth of government budgetary funds went up by 10.1 percent; investment from domestic loans went up by 33.1 percent; that from self-raising funds went up by 32.3 percent and that from foreign investment dropped by 6.8 percent.

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

In May, the total retail sales of consumer goods reached 1,245.5 billion yuan, a year-on-year rise of 18.7 percent, which was 3.5 percentage points higher than that in May 2009, or 0.2 percentage point higher than that in the previous month of this year. In the first five months of this year, the total retail sales of consumer goods were 6,033.9 billion yuan, a year-on-year growth of 18.2 percent, or up by 3.2 percentage points over that in the same period of last year. It was 0.1 percentage point higher over that in the first four months of this year.

Analyzed by different areas, the retail sales in urban areas reached 1,081.8 billion yuan in May, up by 19.1 percent, and the retail sales in rural areas stood at 163.7 billion yuan, up by 15.8 percent.

Grouped by consumption patterns, the total income of catering services was 143.4 billion yuan in May, up by 16.7 percent year-on-year, and that of retail goods was 1,102.1 billion yuan, up 18.9 percent. Of this total, the total retail sales of enterprises (units) above designated size stood at 466.9 billion yuan, up 31.1 percent.

4. Consumer prices went up.

In May, the consumer price index went up by 3.1 percent year-on-year. The price grew by 2.9 percent in cities and 3.3 percent in rural areas. The food price went up by 6.1 percent while the non-food price increased by 1.6 percent. The prices of consumer goods went up by 3.4 percent and the prices of services grew up by 1.8 percent. In the first five months, the year-on-year change of consumer price was up by 2.5 percent. Grouped by commodity categories, in May, 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 6.1 percent; prices for tobacco, liquor and articles rose by 1.7 percent; price for clothing went down by 1.2 percent; prices for household facilities, articles and maintenance services went down by 0.3 percent; health care and personal articles rose by 3.2 percent; transportation and communication increased by 0.1 percent; recreation, education, culture articles and services grew by 0.6 percent; and housing went up by 5.0 percent.

In May this year, the month-on-month change of consumer price was down by 0.1 percent. Of which, price in cities went down by 0.1 percent and that in rural areas maintained the same level with last month. The food price declined by 0.5 percent while the non-food price grew by 0.1 percent. The price of consumer goods dropped by 0.1 percent, and the price of services went up by 0.1 percent. Grouped by commodity categories, in May, prices for food dropped by 0.5 percent month-on-month, of which, that for fresh vegetables went down by 9.8 percent in particular; prices for tobacco, liquor and articles rose by 0.1 percent; price for clothing went up by 0.2 percent; prices for household facilities, articles and maintenance services showed no change of growth; health care and personal articles grew by 0.5 percent; transportation and communication went down by 0.1 percent; recreation, education, culture articles and services maintained the same level of growth; and housing went up by 0.2 percent.

5. The producer prices for manufactured goods continued to rise.

In May, the producer prices for manufactured goods went up by 7.1 percent year-on-year. In the first five months of this year, it rose by 5.9 percent year-on-year. The producer prices for means of production went up by 8.8 percent year-on-year in May, of which that for mining and quarrying industry grew by 31.1 percent, raw materials industry went up by 13.8 percent and processing industry increased by 3.6 percent. The producer prices for means of livelihood increased by 1.8 percent, of which, the food prices grew by 3.2 percent, clothing went up by 1.9 percent, articles for daily use grew by 1.7 percent and durable consumer goods dropped by 0.3 percent. In May, the month-on-month change of the producer prices for manufactured good went up by 0.6 percent.

In May, the purchasing prices for raw materials, fuel and power went up by 12.2 percent year-on-year. In the first five months, it grew by 10.8 percent year-on-year. In May, the year-on-year change of prices for nonferrous metals and wire went up by 26.0 percent, fuel and power rose by 23.4 percent, 7.8 percent growth for raw chemical materials and 10.9 percent increase for ferrous metals.


Source: National Bureau of Statistics of China

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