China's non-financial ODI maintains strong growth -- China's non-financial outbound direct investment (ODI) maintained double-digit growth in the first two months of the year, official data showed on March 14. Domestic investors made 16.82 billion U.S. dollars of non-financial ODI in 1,429 overseas enterprises in 135 countries and regions for January-February, the Ministry of Commerce (MOC) said. The investment was up 25.2 percent from the same period last year, according to the MOC. ODI in countries along the Belt and Road has seen a strong expansion of 20.1 percent from one year earlier to 2.15 billion dollars during the first two months.
China's Jan.-Feb. power generation grows faster -- China's power generation saw faster growth in the first two months this year, with electricity from clean energy sources expanding at a rapid pace, official data showed on March 14. In the January-February period, power production rose 11 percent, 4.7 percentage points faster than the same period in 2017, the National Bureau of Statistics (NBS) said. The 11-percent growth was also the highest since August of 2013, according to the NBS.
China fixed-asset investment up 7.9 pct in Jan-Feb -- China's fixed-asset investment grew 7.9 percent year on year in the first two months of this year, up from 7.2 percent for the full year of 2017, new data showed on March 14. Total investment from January to February stood at 4.46 trillion yuan (about 700 billion U.S. dollars), the National Bureau of Statistics said on its website.
Spokesperson Mao Shengyong said at a press conference that the fixed-asset investment continued its steady growth and the investment structure improved.
China's property development investment sees fast growth -- China's investment in property development expanded 9.9 percent year on year in the first two months of this year, up from 7 percent for 2017, new data showed on March 14. Total investment in the first two months stood at 1.08 trillion yuan, the NBS said in a statement on its website. Investment in residential housing registered an increase of 12.3 percent from the same period last year and accounted for 68.1 percent of the total.
China's industrial output expands 7.2 pct in Jan-Feb -- China's industrial output expanded at 7.2 percent year on year in the first two months, accelerating from 6.2 percent growth in December 2017, official data showed on March 14. The growth was faster than the 6.3 percent growth during the same period last year, the National Bureau of Statistics (NBS) said in a statement. Industrial structure continued to improve, with production in high-tech industries and the equipment manufacturing sector expanding by 11.9 percent and 8.4 percent, respectively.
China approves three new IPO applications -- Chinese securities regulator has approved three new IPO applications, which will raise up to 1.7 billion yuan (about 269.8 million U.S. dollars) in the A-share market. One company will be listed on the Shanghai Stock Exchange, while the other two will be done on the Shenzhen bourse, with one on the Shenzhen small and medium enterprises board, and the one on the NASDAQ-style ChiNext board, according to a statement on China Securities Regulatory Commission (CSRC) on March 10.
13 firms debut on China's "new third board" -- China's National Equities Exchange and Quotation (NEEQ), also known as the "new third board," saw 13 new small and medium-sized enterprises last week. The newcomers brought the total number of companies on the board to 11,613, according to new NEEQ data. From March 5 to 9, turnover on the board stood at 1.77 billion yuan (about 279 million U.S. dollars), up 7.79 percent from the previous week. NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges in serving small and medium-sized enterprises.
China's privately offered funds expand in February -- The total value of privately offered funds stood at 12 trillion yuan (about 1.9 trillion U.S. dollars) at the end of February. The figure was up 2.08 percent from the end of January, according to the Asset Management Association of China on March 11. The number of private funds rose 2.5 percent to 70,800 at the end of last month. Due to weak performance of China's stock market last month, combined value of funds investing in securities shrank slightly to 2.6 trillion yuan.
China's new yuan loans drop in February, M2 growth stable -- China's new yuan-denominated loans in February stood at 839.3 billion yuan (about 132.3 billion U.S. dollars), 326.4 billion yuan less than the same period a year earlier, central bank data showed on March 10. The M2, a broad measure of money supply that covers cash in circulation and all deposits, reached 172.91 trillion yuan at the end of February, up 8.8 percent year on year, compared with an 8.6-percent increase a month earlier, the People's Bank of China said in a statement. The narrower measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 8.5 percent year on year to 51.7trillion yuan at the end of February. The growth rate was 12.9 percentage points down from a year ago.
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