China's fiscal revenue, expenditure see steady growth -- China's fiscal revenue and expenditure both registered steady growth in the first three quarters of this year on the back of strong economic growth. Fiscal revenue rose 9.7 percent year on year to 13.41 trillion yuan (about 2 trillion U.S. dollars) in the first nine months, the Ministry of Finance said in a report.
China sees bigger service trade deficit -- China's service imports continued to substantially outvalue exports in the first eight months due to strong domestic demand. The value of service imports gained 12.2 percent year on year to 2.13 trillion yuan (more than 320 billion U.S. dollars) in the January-August period, while exports only increased 4.4 percent to 926.69 billion yuan, resulting in a 1.2-trillion-yuan deficit, the Ministry of Commerce (MOC) said in a statement.
China's central state firms report strong growth in first three quarters -- China's centrally administered state-owned enterprises (SOEs) reported an 18.4-percent rise in total profits in the first nine months, the strongest growth for the same period since 2012, official data showed. In the first three quarters of this year, China's central SOEs made a total of 1.11 trillion yuan (about 168.6 billion U.S. dollars) in profits, said Shen Ying, chief accountant of the State-owned Assets Supervision and Administration Commission (SASAC).
Central China fair draws over 2,100 companies -- A commodity fair opened on October 12 in central China's Henan Province, attended by more than 2,100 companies from home and abroad. Over 500 companies from more than 20 countries and regions participated in the 23th Zhengzhou National Commodity Fair in the provincial capital. A zone for imported commodities accounts for a quarter of the display area.
China's trade volume up 16.6 pct in Jan.-Sept. -- China's foreign trade volume rose 16.6 percent to 20.29 trillion yuan (3.08 trillion U.S. dollars) in the first three quarters of this year, official data showed on October 13. Exports increased 12.4 percent to 11.16 trillion yuan, while imports surged 22.3 percent to 9.13 trillion yuan, the General Administration of Customs said.
China's goods trade volume up 16.6 pct in Jan.-Sept. -- China's goods trade volume rose 16.6 percent to 20.29 trillion yuan (3.08 trillion U.S. dollars) in the first three quarters of this year, official data showed on October 13. Exports increased 12.4 percent to 11.16 trillion yuan, while imports surged 22.3 percent to 9.13 trillion yuan, the General Administration of Customs (GAC) said. Trade surplus shrank 17.7 percent to 2.03 trillion yuan in the same period.
China reports 17.3-percent increase in FDI inflow in September -- Foreign direct investment (FDI) into the Chinese mainland rose 17.3 percent year on year to reach 70.63 billion yuan (around 10.7 billion U.S. dollars) last month, data showed on October 13. The growth accelerated from the 9.1-percent rise seen in August, according to data from the Ministry of Commerce. In the first nine months, the FDI inflow edged up 1.6 percent, compared with the 0.2-percent drop during the January-August period.
China's electricity consumption picks up -- China's electricity consumption in September grew at a faster pace, adding to evidence of recovery in the broader economy, data showed on October 13. Electricity consumption rose 7.2 percent from one year earlier, up from the 6.4-percent increase in August, according to the National Energy Administration (NEA). For the first nine months, electricity consumption totaled 4.7 trillion kilowatt hours, up 6.9 percent year on year, the NEA said. Electricity use in the service and agricultural sectors rose 10.5 percent and 7.8 percent, respectively, while the industrial sector saw an increase of 6 percent during the period.
China auto sales rise 5.7 pct in September -- China's auto sales increased 5.7 percent year-on-year in September, data from the China Association of Automobile Manufacturers (CAAM) showed. This is the fourth consecutive month of increase. Some 2.71 million vehicles were sold last month, maintaining the momentum from August, when year-on-year sales rose by 5.3 percent.
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