China's PPI up 4.6 pct in July -- China's producer price index (PPI), which measures costs for goods at the factory gate, rose 4.6 percent year on year in July, the National Bureau of Statistics said on August 9. The growth rate edged down from the 4.7-percent rise in June.
China's CPI up 2.1 pct in July -- China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in July, compared with 1.9 percent for June, data from the National Bureau of Statistics (NBS) showed on August 9.
China sees current account deficit in H1-- China continued to see a current account deficit in the first half of 2018 mainly due to the strong domestic need for overseas services. The deficit in the current account stood at 28.3 billion U.S. dollars in the January-June period, down from 34.1 billion dollars in the first quarter, the State Administration of Foreign Exchange (SAFE) said on August 5 in an online statement. China's service trade posted a deficit of 147.3 billion U.S. dollars, up from 73.6 billion dollars three months earlier. The spending on trips, transport, and intellectual property rights contributed to the bulk of the deficit.
China's service consumption on fast growth in H1 -- China's consumption of services in sectors including tourism, culture, and sports registered fast growth in H1, according to the National Development and Reform Commission (NDRC). In the first half, service consumption in tourism, culture, sports, eldercare, and housekeeping accounted for 40 percent of total household consumption, according to Liu Yunan, an NDRC official.
China's Dongguan city sees trade with B&R countries up 16.7pct y-o-y in H1 – Dongguan, major city in South China's Guangdong province saw its foreign trade with the countries along the Belt and Road routes totaling at 114.34 billion yuan in the first half year, up 16.7 percent year on year, 13 percentage points higher than the growth rate of Dongguan’s total foreign trade, according to the local customs.
China's Wenzhou city sees trade with B&R countries up 33.2pct y-o-y in H1-- Wenzhou, major city in East China's Zhejiang province saw its foreign trade with the countries along the Belt and Road routes totaling at 29.08 billion yuan in the first half year, up 33.2 percent year on year, according to the local customs. To be specific, its exports to the countries along the Belt and Road routes amounted to 22.21 billion yuan during the period, an increase of 14.7 percent year on year, while its imports from those countries stood at 6.87 billion yuan, up 1.8 folds year on year.
Over 3,000 new companies set up in Macao in H1, up 17.5 pct -- A total of 3,173 new companies were incorporated in Macao in the first half of 2018, up by 17.5 percent year-on-year, the special administrative region's statistics service said here on August 5. Macao's Statistics and Census Service said in its latest report that total value of newly registered capital, however, decreased by 93.9 percent to 456 million patacas (about 57 million U.S. dollars).
China's foreign trade up 8.6 pct in first seven months-- China's goods trade went up 8.6 percent year on year to 16.72 trillion yuan (about 2.45 trillion U.S. dollars) in the first seven months of this year, customs data showed on August 8. Exports rose 5 percent year on year in the January-July period while imports grew 12.9 percent, resulting in a trade surplus of 1.06 trillion yuan, which narrowed by 30.6 percent, according to the General Administration of Customs.
China's service trade hits new high in H1-- The Ministry of Commerce (MOC) said on August 6 the country's service trade rose 8.5 percent year on year to stand at 2.53 trillion yuan (nearly 370 billion U.S. dollars) in H1.Service exports increased 13.6 percent to 841.57 billion yuan, while imports gained 6.1 percent to 1.69 trillion yuan, which resulted in a deficit of nearly 848.18 billion yuan, down by 2.66 billion yuan from the same period a year ago. It was the first time in eight years China has seen a decrease in service trade deficit in half-year data.
China has fewer imported cars in H1-- China imported fewer cars in the first half of 2018 compared to the same period last year, according to the China Automobile Dealers Association (CADA). A total of 452,000 automobiles were imported from January to June, 22.1 percent less compared with the same period last year, said a CADA monthly report on imported cars. In the first half of the year, 394,000 imported automobiles were sold, down 9.8 percent and in June, 63,000 imported automobiles were sold, down 21.2 percent year on year.
A single purchase
