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Economic data of China in 2012 released

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On18th of January, National Bureau of Statistics of China released China’s economic operation data in 2012.

According to the related information, the preliminary accounting results of Gross Domestic Products( GDP ) valued 51932200 million yuan. By the comparable prices, a growth of 7.8% over the previous year. In terms of different quarters, a growth of 8.1% y/y in the first quarter, a growth of 7.6% y/y in the second quarter, a growth of 7.4% y/y in the third quarter and a growth of 7.9% y/y in the fourth quarter.

The industry achieved a slowed down and stabilized development. By the comparable prices, in 2012 the above-scale industrial added value had a growth of 10% over the previous year, the growth rate down 3.9 percentage points over the previous year. In terms of different industries, added value in 41 major categories of industrial sectors were higher over the previous year.

Investment in fixed assets achieved an accelerated development. In 2012, investment in fixed assets ( excluding rural households ) valued 36483500 million yuan, a namely growth of 20.6% over the previous year (deducting price factors, the actual growth was19.3% ), the growth rate down 3.4 percentage points over the previous year.

Market sales achieved a steady growth. In 2012 the total retail sales of social consumer goods valued 20716700 million yuan, a namely growth of 14.3%over the previous year (deducting price factors, the actual growth was12.1% ), the growth rate down2.8percentage points over the previous year. In December, the total retail sales of consumer goods rose 15.2% y/y(deducting price factors, the actual growth was 13.5%y/y ), a growth of 1.53%m/m.

Imports and exports showed a downward trend of growth rate. In 2012 the total imports and exports valued $3866760 million, an increase of 6.2% over the previous year, the growth rate fell 16.3 percentage points. Exports valued $2048930 million, a growth of 7.9%; Imports valued $1817830 million, up 4.3%. a trade surplus of $231100 million.

The margin of consumer price rise showed a downward trend. In 2012 consumer price rose 2.6% over the previous year, the growth rate fell 2.8 percentage points. In terms of different categories, dressing rose 3.1%. In December, consumer price rose 2.5%y/y and rose 0.8%m/m. Ex-factory Price of industrial products fell 1.7% over the previous year; In December fell 1.9%y/y and fell 0.1%m/m. Purchase Price of industrial products fell 1.8% over the previous year; in December fell 2.4%y/y and fell 0.1%m/m.

The income of urban and rural residents has gone up steadily. The total income per head of urban residents was 26959 yuan in 2012. Among them, the per-capita disposable income of urban residents was 24565 yuan, a namely growth of 12.6%over the previous year (deducting price factors, the actual growth was9.6% ), the growth rate up1.2percentage points over the previous year. the per-capita net income of rural people was 7019 yuan, a namely growth of13.3%over the previous year.

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