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| 中国11月份CPI同比增长4.2％，PPI同比增长2.7％。China's PPI up 2.7% in Nov |
中国11月份CPI同比增长4.2％，PPI同比增长2.7％。BEIJING - China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November, further weakening from 5.5 percent in October due to falling food prices, the National Bureau of Statistics (NBS) said on Friday.
November's inflation rate marked a 13-month low, according to NBS data.
On a monthly basis, the cost of living dipped 0.2 percent in November, the NBS said in a statement at its website.
"November's reading indicates that inflation is weakening faster than I had anticipated," said Zhang Monan, a deputy researcher with the Economic Projection Department of the State Information Center.
Before the NBS announcement, Zhang said she expected the November inflation rate to reach just below 5 percent, while many economists projected the CPI growth to fall between 4.2 percent to 4.4 percent year-on-year.
Zhang said the lower-than-expected inflation reading was a result of the country's macroeconomic control policies, particularly the monetary tightening policies put into place in the first half of the year.
"The monetary tightening in the first half of this year had an effect on the CPI figure," she said, adding that a contraction in domestic and overseas demand, as well as falling commodity prices in the global market, also curbed price increases in November.
Food prices, which account for nearly one-third of the basket of goods used to calculate the CPI, went up 8.8 percent in November from a year earlier, driving up inflation by 2.7 percentage points, according to the NBS.
The carryover factor, which measures the impact of last year's prices on year-on-year changes in this year's prices, moderated in November and contributed only half a percentage point to November's CPI growth, according to NBS data.
Taking the first 11 months together, the CPI rose 5.5 percent year-on-year in January-November, well above the government's full-year inflation control target of 4 percent.
China's CPI hit a 37-month high of 6.5 percent in July this year.
Growth in China's producer prices decelerated to the lowest pace in nearly two years as market demand fell on future economic uncertainties.
China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, rose 2.7 percent in November year-on-year, the National Bureau of Statistics (NBS) said Friday.
The reading eased significantly from October's 5-percent growth, which was expected to stay around 3.6 percent, according to previous estimations.
On a month-on-month basis, China's PPI fell 0.7 percent from October, the NBS said in a statement on its website.
Producer purchase prices grew 5.1 percent year-on-year in November and were down 0.7 percent from a month ago, said the NBS.
In the first eleven months of the year, the PPI climbed 6.4 percent year-on-year, while producer purchase prices rose 9.7 percent from a year earlier.
The sharp decline in producer prices growth was a result of a higher comparison basis in the corresponding period last year and a significant decrease in both international prices of raw materials and domestic demand, the statement said.
The lower-than-expectation PPI figure was mostly triggered by a market panic, said Chen Kexin, an analyst with the Distribution Productivity Promotion Center of China Commerce.
"Uncertainties in external markets and risk of a further recession have turned the market toward a more prudent mood," he said.
Sheng Hongqing, chief economist with Everbright Bank, said the December PPI may drop to zero or below as market demand further dips and the real economy weakens faster than expected.
Chen said there is still a possibility for a rebound in PPI in the future if market sentiment can be encouraged by more favorable news.
"But so far, there is no sign of that," he said.
China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November, further weakening from 5.5 percent in October, said the NBS.
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| 中国11月份CPI同比增长4.2％，PPI同比增长2.7％。China's industrial output up 12.4% in Nov |
BEIJING - China's industrial value-added output grew 12.4 percent year-on-year in November, the National Bureau of Statistics (NBS) announced Friday.
The figure was 0.8 percentage points lower than the October level, the NBS said in an online statement. On a monthly basis, the industrial value-added output increased by 0.91 percent.
In the first 11 months of 2011, the industrial value-added output increased 14 percent year-on-year, down 0.1 percentage points from the first 10 months.
In November, the industrial value-added output of state-owned and state-held companies rose 7.8 percent year-on-year, while that of collectively-owned and joint-stock enterprises expanded by 6.8 percent and 14.4 percent, respectively.
All 39 of the country's industrial sectors posted gains in November, with textiles up 10.1 percent; chemical materials and products up 14.5 percent; general equipment manufacturing up 14.2 percent; and, transportation equipment manufacturing up 11.4 percent.
The industrial value-added output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.
Zhang Liqun, a researcher with the Development Research Center of the State Council, or China's Cabinet, said the slowdown in growth is "inevitable," as the market is "weak and uncertain."
In general, China's industrial activities are retreating at a steady pace, he said.
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| 中国11月份CPI同比增长4.2％，PPI同比增长2.7％。China's retail sales up 17% in first 11 months |
BEIJING - China's retail sales grew 17 percent year-on-year to reach 16.35 trillion yuan ($2.58 trillion) during the first 11 months of the year, the National Bureau of Statistics said Friday.
After deducting inflation, actual growth stood at 11.4 percent, the NBS said in a statement on its website.
In November, the country's retail sales increased 17.3 percent from one year earlier to hit 1.61 trillion yuan. After adjusting for inflation, November's actual growth rate was 12.8 percent.
On a monthly basis, retail sales rose 1.27 percent last month, according to the statement.
Urban retail sales increased 17.3 percent year-on-year to 1.4 trillion yuan last month, while rural retail sales climbed 17.2 percent to hit 216 billion yuan.
In November, the nation's catering sector generated sales of 186.5 billion yuan, a rise of 17.7 percent from a year earlier, while commodity retail sales increased 17.2 percent to 1.43 trillion yuan.
Auto sales rose 11.4 percent to hit 189.7 billion yuan during the same period. The growth rate was 1.2 percentage points lower than that in October, the NBS said.
Sales of home appliances and audiovisual equipment climbed 25 percent to 44 billion yuan last month, while sales of furniture rose 34.4 percent to 12.1 billion yuan, according to the statement.
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| 中国11月份CPI同比增长4.2％，PPI同比增长2.7％。China's fixed asset investment up 24.5% in first 11 months |
China's fixed asset investment rose 24.5 percent year-on-year to 26.9452 trillion yuan ($4.3 trillion) in the first 11 months of the year, the National Bureau of Statistics (NBS) announced Friday.
The growth rate was down 0.4 percentage points compared to that in the first ten months, the figures showed.
Urban fixed asset investment last month registered a slower pace compared to some other months of the year. It was down 0.19 percent from October.
During the first 11 months, investment in the primary industry amounted to 625.6 billion yuan, up 28.8 percent; that in the secondary industry totaled 11.8054 trillion yuan, up 27 percent; investment in the tertiary industry rose 22.4 percent to hit 14.5142 trillion yuan.
Investment in the nation's western regions grew fastest by 29.2 percent, followed by 28.9 percent in the central regions, and 21.7 percent in the eastern regions.
Investment in the nation's property sector rose 29.9 percent year-on-year to reach 5.55 trillion yuan in the January-November period, of which 3.99 trillion yuan went into residential housing, an increase of 32.8 percent from the same period last year.
The investment growth rate in the property sector in the period was down 1.2 percentage points compared to that in the first 10 months, a slowdown in line with the current falling housing prices and sales.
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| 中国11月份CPI同比增长4.2％，PPI同比增长2.7％。China November CPI rose 4.2%, PPI up 2.7% |
