China Inflation Shoots up 3.8 Pct in Q1

In January, all departments in all regions are urged to continue to ensure ample supply of important livelihood commodities before the Spring Festival, ensuring consumer price generally stable.

According to preliminary estimates, the gross domestic product (GDP) was 114,367.0 billion yuan in 2021, an increase of 8.1 percent over the previous year at constant prices with the average two-year growth of 5.1 percent. By quarter, the GDP for the first quarter went up by 18.3 percent year on year, up by 7.9 percent for the second quarter, 4.9 percent for the third quarter and 4.0 percent for the fourth quarter. By industries, the value added of the primary industry was 8,308.6 billion yuan, up by 7.1 percent over the previous year, that of the secondary industry was 45,090.4 billion yuan, up by 8.2 percent and that of the tertiary industry was 60,968.0 billion yuan, up by 8.2 percent.

China’s price increases of industrial products have both expanded month on month and year on year in August due to the higher prices of coal, chemicals, steel and other products.

National Statistics Bureau (NBS) released today the July CPI (Consumer Price Index) and PPI (Producer Price Index) data.

In June, the Purchasing Manager Index (PMI) of China's manufacturing industry was 50.9 percent, a slight drop of 0.1 percentage point compared with last month, and continued to be above the threshold. The manufacturing industry continued to expand steadily.

In May, the Purchasing Manager Index (PMI) of China's manufacturing industry was 51.0 percent, 0.1 percentage point lower than that of last month, and still higher than the threshold. The manufacturing industry kept expanding steadily.

In March 2021, China's Manufacturing Purchasing Managers Index (PMI) was 51.9 percent, 1.3 percentage points higher than that of last month, and the climate of manufacturing industry recovered.

China produced 174.99 million mt of crude steel in January-February, a year-on-year increase of 12.9%.

In February, the Purchasing Managers' Index (PMI) of China's manufacturing industry was 50.6 percent, which was 0.7 percentage point lower than that of last month. It was above the threshold for 12 consecutive months, and the prosperity level of manufacturing industry was lower than that of last month.

Sales prices of newly-built commercial housing in 4 first-tier cities in China increased by 0.6% month-on-month in January, according to data from National Bureau of Statistics (NBS).