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China's Major Economic Indicators in the First Two Months
added: 2010-03-12

In the first two months of this year, the total value added of the industrial enterprises above designated size was up 20.7 percent year-on-year, it was 16.9 percentage points higher than that a year ago, or 2.2 percentage point higher than that in December 2009.

1. The growth of industrial production speeded up.

In the first two months of this year, the total value added of the industrial enterprises above designated size was up 20.7 percent year-on-year, it was 16.9 percentage points higher than that a year ago, or 2.2 percentage point higher than that in December 2009.

Analysis on different types of enterprises showed that in the first two months 2010, the growth of the state-owned and state holding enterprises went up by 20.7 percent; collective enterprises, 13.4 percent; share-holding enterprises, 22.2 percent; and 20.3 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 this period was 23.7 percent, and 14.5 percent for the light industry.

Grouped by different sectors, in the first two months 38 out of the 39 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 13.3 percent; the manufacture of raw chemical materials and chemical products, up by 25.1 percent; the manufacture of non-metallic mineral products, up by 23.2 percent; the manufacture of general machinery, 22.3 percent; the manufacture of transport equipment, 43.7 percent; the manufacture of electric machinery and equipment, 18.9 percent; the manufacture of communication equipment, computers and other electronic equipment, 26.4 percent; the production and supply of electricity, gas and water, up 17.2 percent; and the ferrous metal smelting and pressing, up by 20.9 percent.

In terms of different products, in the first two months of this year, of the total 503 products, the output of 462 products showed a year-on-year growth. Of this total, the output of coal was 470 million tons, up by 30.5 percent over the previous year; that of crude oil was 31.98 million tons, up by 5.8 percent; that of electricity was 609.0 billion kilowatt-hours, up by 22.1 percent; that of pig iron was 102.89 million tons, up by 25.4 percent; that of cement was 200 million tons, up by 26.5 percent; that of motor vehicles was 2.85 million, up by 89.7 percent, of which, the output of cars was 1.48 million, up by 87.7 percent.

In the first two months of this year, the sales ratio of industrial products was 97.2 percent, or 0.1 percentage points higher than that a year ago. The total export delivery value of industrial enterprises was 1,117.1 billion yuan, up 22.5 percent year-on-year.

2. Urban investment in fixed assets kept fast growth.

In the first two months of this year, the urban investment in fixed assets reached 1,301.4 billion yuan, up by 26.6 percent year-on-year, or 0.1 percentage points higher than that in the same period of last year. Of this total, that in the state-owned and state holding enterprises reached 571.5 billion yuan, a rise of 27.4 percent; that in the real estate was 314.4 billion yuan, up by 31.1 percent.

Grouped by jurisdiction of project management, in the first two months of this year, the central investment reached 121.9 billion yuan; the year-on-year growth was 14.0 percent while the local investment was 1,179.5 billion yuan, up by 28.1 percent. Grouped by status of registration, in the first two months of this year, the investment by domestic enterprises was 1,175.5 billion yuan, up by 29.7 percent; investment by funds from Hong Kong, Macao and Taiwan was 56.1 billion yuan, up by 9.5 percent; and the investment by foreign funds was 65.3 billion yuan, down by 1.4 percent.

In the first two months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 8.9 percent, 21.0 percent and 30.9 percent respectively. Grouped by different sectors, in the first two months of this year, the investment in coal mining and washing was 10.4 billion yuan, up by 24.3 percent; that in production and supply of electric power and heat power 67.3 billion yuan, up 6.6 percent; extraction of petroleum and natural gas 12.1 billion yuan, up by 14.7 percent; railway transport 41.7 billion yuan, up 21.8 percent.

Analysis on projects under construction or started this year showed that in the first two months of this year, projects under construction numbered 92,870, an increase of 14,174 over the same period of last year; the total planned investment in projects under construction reached 21,251.2 billion yuan, up by 29.9 percent year-on-year; projects newly started this year totaled 18,462, a drop of 71; the total planned investment was 1,061.6 billion yuan, up by 42.7 percent over the same period of last year.

In terms of funds in place for investment, in the first two months of this year, 2,575.0 billion yuan had been invested, a year-on-year growth of 39.2 percent. Of this total, the growth of government budgetary funds went up by 14.1 percent; investment from domestic loans went up 41.1 percent; that from self-raising funds went up by 29.9 percent and that from foreign investment down by 11.8 percent.

3. Total retail sales of consumer goods kept rapid growth.

In the first two months of this year, the total retail sales of consumer goods reached 2,505.2 billion yuan, a year-on-year rise of 17.9 percent, which was 2.7 percentage points higher than that a year ago, or 2.4 percentage point higher than that in 2009.

Analyzed by different areas, in the first two months of this year, the retail sales in cities reached 2,074.8 billion yuan, up by 18.4 percent, and the retail sales at and below county level stood at 430.4 billion yuan, up by 15.5 percent.

Grouped by consumption patterns, in the first two months of this year, the total income of catering services was 280.6 billion yuan, up by 17.3 percent year-on-year, that of retail goods was 2,224.6 billion yuan, up 17.9 percent. Of this total, the total retail sales of enterprises (units) above designated size stood at 871.1 billion yuan, up 29.2 percent.

4. The year-on-year growth of consumer prices expanded.

In February this year, the consumer price index went up by 2.7 percent year-on-year (it was 1.6 percent decline in February 2009), or 1.2 percentage points higher than that in the previous month. Of this total, the growth in cities was up by 2.6 percent and that in rural areas was 2.9 percent. The food price went up by 6.2 percent while the non-food price rose by 1.0 percent. The prices of consumer goods went up by 3.0 percent, and the prices of services grew by 1.7 percent. In the first two months, the year-on-year change of consumer price was up 2.1 percent (it was 0.3 percent decline in the same period last year). Grouped by commodity categories, in February, of the eight categories of commodities, six of them experienced prices rise and the rest two witnessed prices decline. Of which, prices for food up by 6.2 percent, prices for tobacco, liquor and articles up by 1.6 percent, price for clothing down by 1.3 percent, prices for household facilities, articles and maintenance services down by 0.8 percent, health care and personal articles up by 2.4 percent; transportation and communication rose by 0.1 percent, recreation, education, culture articles and services up by 0.8 percent, and housing up by 3.0 percent.

In February this year, month-on-month change of consumer price was up by 1.2 percent. Of which, price in cities went up by 1.2 percent and that in rural areas went up by 1.1 percent. The food price grew by 3.3 percent while the non-food price up by 0.1 percent. The price of consumer goods grew by 1.2 percent, and the price of services up by 1.0 percent. Grouped by commodity categories, in February, prices for food up by 3.3 percent month-on-month, prices for tobacco, liquor and articles up by 0.1 percent, price for clothing down by 1.5 percent, prices for household facilities, articles and maintenance services up by 0.1 percent, health care and personal articles up by 0.3 percent; transportation and communication up by 0.4 percent, recreation, education, culture articles and services rose by 1.0 percent, and housing up by 0.1 percent.

5. The year-on-year change of producers’ prices for manufactured goods expanded to some extent.

In February, the producers’ prices for manufactured goods went up by 5.4 percent year-on-year (it was 4.5 percent decline in February 2009), or 1.1 percentage points higher than that in the previous month. In the first two months of this year, the year-on-year change of the producers’ price for manufactured good was up by 4.9 percent (it was down by 3.9 percent the same period a year ago). In February, the producers’ prices for means of production went up by 6.8 percent year-on-year, of which that for mining and quarrying industry up by 37.6 percent, raw materials industry up 10.1 percent and processing industry up 1.3 percent. The producers’ prices for means of livelihood increased by 1.0 percent, of which, the food prices up by 2.0 percent, clothing up by 2.6 percent, articles for daily use up by 0.6 percent and durable consumer goods down by 1.4 percent. In February, the month-on-month change of the producers’ prices for manufactured good went up by 0.4 percent.

In February, the purchaser’s prices for raw materials, fuel and power went up by 10.3 percent year-on-year (it was down by 7.1 percent in February 2009), or 2.3 percentage points higher over that in the previous month. In the first two months of this year, the purchaser’s prices for raw materials, fuel and power increased by 9.1 percent year-on-year (it was down by 6.2 percent in the same period of last year). In February, the year-on-year change of prices for nonferrous metals and wire went up by 30.1 percent, fuel and power up by 25.4 percent, 5.4 percent growth for raw chemical materials and 2.3 percent drop for ferrous metals.


Source: National Bureau of Statistics of China

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