China Shanxi Approves 700,000-tpy Aluminum Alloy Project

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.

The consumer price index rose 1.7% from a year earlier

The PPI rose 0.9% year on year in Dec, the lowest since Sep 2016

The consumer price index rose 2.5% and the producer price index gained 3.6% in Sep

This is a roundup of global macro-economic news last night and what is expected today.

China’s producer price index (PPI) in December rose 4.9% from the same month a year ago, higher than the expectation at 4.8%. The growth in December, however, was lower than the 5.8% seen in November.

China’s CPI rose 1.8 per cent in August on a yearly basis, higher than market estimation, according to China’s National Bureau of Statistics (NBS). 

Baosteel Co. attended the recent Shanghai auto show and will soon release information concerning its foray into aluminum and magnesium alloy business, a source at Baosteel said.