China s Major Economic Indicators in November

National Bureau of Statistics of China

11 December 2010

1. The industrial production realized steady growth.

In November, the total value added of the industrial enterprises above designated size was up 13.3 percent year-on-year, or 0.2 percentage point higher than that in October 2010; in the first eleven months of this year, it was up 15.8 percent year-on-year, which was down by 0.3 percentage point over that in the first ten months of 2010.

Analysis on different types of enterprises showed that in November 2010, the growth of the state-owned and state holding enterprises was up by 10.9 percent; collective enterprises, 10.8 percent; share-holding enterprises, 14.4 percent; and 11.7 percent growth for enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province. The year-on-year growth of heavy industry in November was 13.6 percent, and 12.7 percent for the light industry.

Grouped by different sectors, in November all the 39 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 8.9 percent; the manufacture of raw chemical materials and chemical products, up by 11.0 percent; the manufacture of non-metallic mineral products, up by 18.0 percent; the manufacture of general machinery, 19.0 percent; the manufacture of transport equipment, 18.1 percent; the manufacture of electric machinery and equipment, 17.4 percent; the manufacture of communication equipment, computers and other electronic equipment, 14.0 percent; the production and supply of electricity, gas and water, up 7.1 percent; and the ferrous metal smelting and pressing, up by 4.9 percent.

In terms of different products, of the total 503 products, the output of 407 products in November showed a year-on-year growth. Of this total, the output of crude oil was 17.52 million tons, up by 11.8 percent; that of electricity was 345.3 billion kilowatt-hours, up by 5.6 percent; that of pig iron was 50.17 million tons, up by 4.8 percent; that of cement was 176.58 million tons, up by 17.3 percent; that of motor vehicles was 1,821 thousand, up by 27.6 percent, of which, the output of cars was 969 thousand, up by 28.2 percent.

The sales ratio of industrial products in November was 97.5 percent, or 0.4 percentage point lower than that in November, 2009. The total export delivery value of industrial enterprises was 828.7 billion yuan, up by 20.8 percent year-on-year.

2. The urban investment in fixed assets kept steady and fast growth.

In the first eleven months of this year, the urban investment in fixed assets reached 21,069.8 billion yuan, up by 24.9 percent year-on-year, or 0.5 percentage point higher than that in the first ten months of this year. Of this total, that in the state-owned and state holding enterprises reached 8,752.0 billion yuan, a rise of 19.0 percent; that in the real estate development was 4,269.7 billion yuan, up by 36.5 percent.

Grouped by jurisdiction of project management, in the first eleven months of this year, the central investment reached 1,683.7 billion yuan; the year-on-year growth was 10.2 percent while the local investment was 19,386.1 billion yuan, up by 26.4 percent. Grouped by status of registration, in the first eleven months of this year, the investment by domestic enterprises was 19,582.6 billion yuan, up by 26.2 percent; investment by funds from Hong Kong, Macao and Taiwan was 671.7 billion yuan, up by 17.9 percent; and the investment by foreign funds was 722.9 billion yuan, up by 5.3 percent.

In the first eleven months of this year, the investment in primary industry, secondary industry and the tertiary industry went up by 16.6 percent, 22.7 percent and 26.9 percent respectively. Grouped by different sectors, in the first eleven months of this year, the investment in production and supply of electric power and heat power was 1,019.1 billion yuan, up 7.9 percent; extraction of petroleum and natural gas 219.4 billion yuan, up by 5.8 percent; railway transport 582.2 billion yuan, up 25.3 percent.

Analysis on projects under construction or started this year showed that in the first eleven months of this year, projects under construction numbered 439,758, an increase of 10,288 over the same period of last year; the total planned investment in projects under construction reached 49,829.7 billion yuan, up by 26.8 percent year-on-year; projects newly started this year totaled 301,937, a decrease of 15,075; the total planned investment in newly started projects was 17,234.5 billion yuan, up by 25.9 percent over the same period of last year.

In terms of funds in place for investment, in the first eleven months of this year, 23,844.1 billion yuan had been invested, a year-on-year growth of 25.8 percent. Of this total, the growth of government budgetary funds was up by 14.2 percent; investment from domestic loans went up by 24.8 percent; that from self-raising funds went up by 29.6 percent and that from foreign investment grew by 6.7 percent.

3. Total retail sales of consumer goods showed steady growth.

In November, the total retail sales of consumer goods reached 1,391.1 billion yuan, a year-on-year rise of 18.7 percent, which was 0.1 percentage point higher than that in the previous month of this year. In the first eleven months of this year, the total retail sales of consumer goods were 13,922.4 billion yuan, a year-on-year growth of 18.4 percent, which was 0.1 percentage point higher than that in the first ten months of this year.

Analyzed by different areas, the retail sales in urban areas reached 1,204.6 billion yuan in November, up by 19.0 percent, and the retail sales in rural areas stood at 186.5 billion yuan, up by 17.0 percent.

Grouped by consumption patterns, the total income of catering services was 160.1 billion yuan in November, up by 19.6 percent year-on-year, and that of retail goods was 1,231.0 billion yuan, up 18.6 percent. Of this total, the total retail sales of enterprises (units) above designated size were 540.0 billion yuan, up by 30.7 percent.

4. The consumer prices continued to rise.

In November, the consumer price index went up by 5.1 percent year-on-year. The price grew by 4.9 percent in cities and 5.6 percent in rural areas. The food price went up by 11.7 percent while the non-food price increased by 1.9 percent. The prices of consumer goods went up by 5.9 percent and the prices of services grew up by 2.6 percent. Grouped by commodity categories, in November, of the eight categories of commodities, six of them experienced prices rise and two witnessed prices decline. Of which, prices for food went up by 11.7 percent; prices for tobacco, liquor and articles rose by 1.6 percent; price for clothing went down by 0.7 percent; prices for household facilities, articles and maintenance services went up by 0.7 percent; health care and personal articles rose by 4.0 percent; transportation and communication went down by 0.7 percent; recreation, education, culture articles and services grew by 0.6 percent, and housing went up by 5.8 percent. In the first eleven months, the year-on-year change of consumer price was up by 3.2 percent, or expanded by 0.2 percentage point as compared with that in the first ten months of this year.

In November this year, the month-on-month change of consumer price was up by 1.1 percent. Of which, price in cities went up by 1.0 percent and that in rural areas went up by 1.3 percent. The food price rose by 2.0 percent and the non-food price increased by 0.6 percent. The price of consumer goods grew by 1.5 percent, and the price of services went down by 0.2 percent. Grouped by commodity categories, in November, prices for food rose by 2.0 percent month-on-month, of which the price for fresh vegetables decreased by 1.9 percent; prices for tobacco, liquor and articles increased by 0.2 percent, price for clothing went up by 1.6 percent, prices for household facilities, articles and maintenance services increased by 0.4 percent, health care and personal articles grew by 0.7 percent; transportation and communication maintained the same level, recreation, education, culture articles and services dropped by 1.0 percent, and housing went up by 1.8 percent.

5. The producer prices for manufactured goods kept growing.

In November, the producer prices for manufactured goods went up by 6.1 percent year-on-year. The producer prices for means of production went up by 6.9 percent year-on-year in November, of which that for mining and quarrying industry grew by 14.6 percent, raw materials industry went up by 9.8 percent and processing industry increased by 4.7 percent. The producer prices for means of livelihood increased by 3.3 percent, of which, the food prices grew by 6.2 percent, clothing went up by 2.7 percent, articles for daily use grew by 3.1 percent and durable consumer goods dropped by 0.7 percent. In November, the month-on-month change of the producer prices for manufactured good went up by 1.4 percent. In the first eleven months of this year, the year-on-year change of the producer price for manufactured good was up by 5.5 percent, maintaining the same level as that in the first ten months of this year.

In November, the purchasing prices for raw materials, fuel and power went up by 9.7 percent year-on-year. The year-on-year change of prices for nonferrous metals and wire went up by 16.5 percent, fuel and power rose by 9.8 percent, 9.8 percent growth for raw chemical materials and 10.7 percent increase for ferrous metals. In the first eleven months, the purchasing prices for raw materials, fuel and power grew by 9.6 percent year-on-year, maintaining the same level as that in the first ten months of this year.