China's ODI remains stable in Jan-Nov -- China's non-financial outbound direct investment (ODI) in the first 11 months of the year remained flat with last year, data from the Ministry of Commerce showed. Domestic investors made 104.48 billion U.S. dollars of non-financial ODI in 5,213 overseas enterprises in 157 countries and regions from January to November. ODI in countries along the Belt and Road rose 4.8 percent year on year to 12.96 billion dollars during the period.
China's LNG producer price surges -- The producer price for liquefied natural gas (LNG) in China surged to a 10-month high amid rising demand in the winter heating season. The price, which measures costs for LNG at the factory gate, stood at 5,247 yuan (about 762 U.S. dollars) per tonne Tuesday, the highest since Feb. 14 this year, data from the Shanghai Petroleum and Natural Gas Exchange showed on December 19. That marked a 26 percent rise compared with Dec. 6.
China's rail freight volume rises in November -- China's railway freight volume, an indicator of broad economic activity, expanded at a faster pace in November, official data showed on December 18. Railways carried a total of 350 million tonnes of freight in November, up 14 percent from a year earlier, according to the National Bureau of Statistics. The growth accelerated from the 10.1-percent rise recorded in October.
China's central bank continues fund injection -- China's central bank continued to inject funds into the money market on December 18 to maintain liquidity. The People's Bank of China (PBOC) conducted 140 billion yuan (about 20.3 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2.55 percent, and 40 billion yuan of 14-day reverse repos at a rate of 2.7 percent.
China's yuan funds outstanding for foreign exchange fall in November -- China's yuan funds outstanding for foreign exchange continued to decline in November, central bank's data showed.The funds stood at 21.26 trillion yuan (about 3.09 trillion U.S. dollars) at the end of last month, down from 21.32 trillion yuan in October, according to the People's Bank of China on December 17.
China's raw coal output remains stable in November -- China's output of raw coal showed stable growth in November, up 4.5 percent year-on-year to 320 million tonnes, official data showed. The growth narrowed from the 8-percent gain year-on-year in October, while the daily average output reached 10.51 million tonnes, the highest level since December 2015, according to the National Bureau of Statistics (NBS). In the first 11 months, China's coal output climbed 5.4 percent year-on-year to 3.21 billion tonnes.
SMEs raise nearly 6 bln yuan on China's new third board in November -- China's small-and medium-sized enterprises (SMEs) raised 5.98 billion yuan on the country's "new third board" in November, according to China's National Equities Exchange and Quotations (NEEQ) on December 16. It marks a growth rate of 46.6 percent from that recorded a month ago. The fund was collected from 94 stock issuances in November.
China's home prices remain stable in November -- On a month-on-month basis, new house prices in China's four first-tier cities - Beijing, Shanghai, Shenzhen and Guangzhou - gained 0.3 percent last month, the National Bureau of Statistics (NBS) said in a statement. Meanwhile, resold house prices in the four cities edged down at a faster pace, from 0.2 percent in October to 0.4 percent in November. From January to November, average new home prices rose just 0.3 percent year on year in the four first-tier cities, compared with an 10.9-percent growth during the same period last year.
China's commercial banks' net profits to grow 7.1 pct in 2018: report-- China's commercial banks will post sound performance in 2018, with their combined net profits likely to grow 7.1 percent year on year, the Bank of Communications forecast. The lenders' combined net profits may reach the highest level since 2015, according to a report released by the bank.
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