China's manufacturing activity expands slower in June -- China's manufacturing sector expanded at a slower pace in June, official data showed on June 30. The country's manufacturing purchasing managers' index came in at 51.5 this month, decelerating from 51.9 in May, according to the National Bureau of Statistics. A reading above 50 indicates expansion, while a reading below reflects contraction.
China's non-manufacturing sector expands faster in June -- China's non-manufacturing sector expanded at a faster pace in June, official data showed on June 30. The purchasing managers' index for the sector came in at 55 in June, up from 54.9 in May, the National Bureau of Statistics said. A reading above 50 indicates expansion, while a reading below reflects contraction.
China's service trade deficit slightly up in May -- China's service trade deficit went slightly up in May, data from the State Administration of Foreign Exchange (SAFE) showed on June 29. The deficit stood at 27.6 billion U.S. dollars last month, down from 24.1 billion dollars in April, the SAFE said in a statement. Income from trade in services was 19.3 billion dollars, while expenditures totaled 46.9 billion dollars.
China's external debt continues to grow -- China's outstanding external debt continued to grow in the first quarter of 2018 on the back of the country's steady growth and wider opening-up, the State Administration of Foreign Exchange (SAFE) said on June 29. The outstanding debt stood at 1.84 trillion U.S. dollars at the end of March, up 7.8 percent from the end of last year, the SAFE said in a statement.
Think tank estimates China's H1 growth at 6.7pct -- China's economy is likely to have expanded by 6.7 percent year-on-year in the first half, slightly lower than the first quarter, a think tank said in a report. In the first half, China's supply-side structural reform advanced steadily, while monetary supply remained generally stable with slight drops, said the report released by the National Academy of Economic Strategy (NAES) of the Chinese Academy of Social Sciences on July 3.
China's farm produce prices continue to fall -- China's farm produce prices continued to fall in the week ending July 1 due to persistent drops in vegetable prices, according to data from the Ministry of Commerce. The price index for farm produce edged down 0.8 percent in the past week, compared with a 0.9 percent fall the previous week. The index for production materials fell 0.3 percent. The average wholesale price of 30 kinds of vegetables fell 2.7 percent from a week earlier.
China's logistics activities remain stable in June -- China's logistics activities remained stable in June as the economy continued to stabilize and improve, industry data showed on July 2. The logistics performance index for June came in at 54.9 percent, slightly retreating from 56.1 percent in May, according to the China Federation of Logistics and Purchasing. A reading above 50 percent indicates expansion while a reading below reflects contraction.
UAE-China trade hits 52.65 bln USD in 2017 -- The value of bilateral trade between the United Arab Emirates (UAE) and China in 2017 increased by 15.1 percent to reach 195 billion dirhams (52.65 billion U.S. dollars), UAE state news agency WAM reported on July 4. The non-oil trade between the two countries rose based on an uptick in re-exports of 37.4 percent, to reach 12.8 billion dirhams, while imports posted a 14.7-percent growth, totaling 177.4 billion dirhams, according to the UAE Ministry of Economy.
China's railway freight to increase 30 pct by 2020 -- China will increase its railway freight volume by 30 percent, or 1.1 billion tonnes, from 2017 to 2020, an official said on July 2, as the country is working to improve its transport network and services. Liu Xiaoming, vice minister of transport, announced a series of detailed targets of a three-year action plan at a press conference.
China's drink sector profits up 25.2 pct in Jan.-May -- China's beverage manufacturing industry saw its profits rise 25.2 percent in the first five months of this year, according to latest industry data. Total profits amounted to 84.53 billion yuan (12.7 billion U.S. dollars) as revenue rose 10.8 percent year on year to some 674.9 billion yuan, according to a research report by Askci Consulting. Askci attributed the substantial improvement in industrial performance to the industry's ongoing structural reform.
China's CPI growth expected to slow slightly in June: report -- China's consumer price index (CPI), a main gauge of inflation, was expected to grow 1.7 percent year-on-year in June, slightly slower than the previous month, according to a research report. The CPI growth was likely to moderate as food prices fell last month due to abundant summer vegetable supplies, the Bank of Communications financial research center said in the report. The CPI rose 1.8 percent year-on-year in May, according to the National Bureau of Statistics. The June data will be released later this month.
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