Foreign direct investment into China grew by 22 per cent year-on-year in the January to July period of 2002 to reach US$29.54bn, according to Ministry of Foreign Trade statistics. Contracted foreign investment in the period totalled US$54.35bn, up 35 per cent on the same period of last year. Trade minister Shi Guangsheng told officials that […]
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The average monthly disposable income of urban residents rose in the first six months of 2002 by 17.5 per cent year-on-year, to reach Yn657, Economic Daily reported. The National Bureau of Statistics attributed the increase to higher wages for civil servants and rising severance payments for laid-off workers. Average per capita monthly spending by urban […]
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Small dent in consumer confidence
Consumer confidence in China fell over the first six months of 2002 but remained strong, according to an Asia-Pacific survey by MasterCard International. China's mid-year index of 73.6 was down from the country's highest ever score of 84.8 at the start of the year. Weaker consumer sentiment on employment (53.6) and the stock market 57.1) […]
The benchmark consumer price index fell by 0.9 per cent in July, following drops of 0.8 per cent in June and 1.1 per cent in May. The National Bureau of Statistics said that the prices of most consumer goods and commodities fell in July, with those of mobile phones declining by 17 per cent and […]
China's factory output grew by 12.8 per cent year-on-year in July, according to the National Bureau of Statistics. The growth rate over the first six months of the year was 11.8 per cent. The biggest increase was in electronics and telecoms equipment, followed by motor vehicles. Exports of electronics rose by 45 per cent but […]