China reports January FDI rise -- Foreign direct investment (FDI) into the Chinese mainland expanded 4.8 percent year on year to reach 84.18 billion yuan (about 12.41 billion U.S. dollars) in January, the Ministry of Commerce (MOC) announced on February 14. FDI for the services sector more than doubled that for the manufacturing sector, reaching 56.2 billion yuan, MOC data showed.
China's CPI up 1.7 pct in January -- China's consumer price index (CPI), a main gauge of inflation, rose 1.7 percent year on year in January, the National Bureau of Statistics (NBS) said on February 15. The increase was down from 1.9 percent for December. Food prices climbed 1.9 percent year on year last month, down 0.6 percentage points from December, according to the NBS.
China's producer prices up 0.1 pct in January -- China's producer price index (PPI), which measures costs for goods at the factory gate, edged up 0.1 percent year on year in January, the National Bureau of Statistics (NBS) said on February 15. It was down from a growth of 0.9 percent recorded in December. The prices of means of production entered the negative zone, edging down 0.1 percent year on year last month, according to the NBS.
China's farm produce prices drop slightly -- Prices of farm produce in China fell slightly in the week ending Feb. 17, according to the Ministry of Commerce. The price index for farm produce edged down 0.3 percent from the previous week, while the price index for production materials remained flat. The wholesale price of eggs dropped 5.2 percent from the previous week. The price of pork went down 0.3 percent and beef 0.4 percent.
China's postal sector sees growth in January -- China's postal sector made over 85.34 billion yuan (about 12.62 billion U.S. dollars) in revenue in January, up 21 percent year on year, official data showed. The business volume of the sector totaled 118.4 billion yuan last month, a year-on-year increase of 19.4 percent, according to the State Post Bureau (SPB).
Silk Road city Xi'an sees soaring foreign trade -- Xi'an, capital of northwest China's Shaanxi Province, gained a 29.58 percent year-on-year increase in import and export volume in 2018, the city government announced in its work report. Xi'an's total foreign trade valued at 330.4 billion yuan (about 48.8 billion U.S. dollars) in 2018, accounting for 94 percent of the volume of the whole province, the report said.
China's auto sales fall in January -- China's auto market remained sluggish in January, with sales down 15.8 percent year on year, data from the China Association of Automobile Manufacturers showed on February 18. China sold 2.367 million vehicles last month, while auto output reached 2.365 million units, down 12.1 percent from one year earlier.
China's light industry achieves steady 2018 growth -- China's light industry grew steadily in 2018 with mild increases of business revenue and profit. The sector's operational revenue and profit expanded 6.2 percent and 5.5 percent respectively, according to the China National Light Industry Council (CNLIC).
China's new yuan loans expand in January -- China's new yuan-denominated loans stood at 3.23 trillion yuan (about 477 billion U.S. dollars) in January 2019, up 328.4 billion yuan year on year, central bank data showed on February 15. The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.4 percent year on year to 186.59 trillion yuan at the end of January, according to the People's Bank of China.
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