The dual downturn of China’s CPI and PPI in May has aroused a lot of speculation on the prospect of the world’s third largest economy for 2009.
Will China get out of the bottom this year? What influence will possible scenarios in China have on the whole picture of the world economy which is struggling in the global financial crisis?
More figures of economic indicators will be announced these days. And we will hear different voices following that. Forecast for 2009Foreign trade downturn weakens recovery
Economic data in May showed that China's economy has shown positive changes, but there is not yet a solid basis for rebound due to weak external demand. China's economy to bottom out this year, growth target a tall order
China's economy is expected to hit bottom and recover within this year However, the eight percent growth rate target is still an arduous task to achieve.China needs more flexible economic policy in second half 2009
With the economic conditions of major trading partners such as the US showing signs of stability, the external uncertainties facing China's economy are decreasingGeorge Soros: China a 'positive force'
Soros said in Shanghai that China's influence is set to grow faster than before, as its banking system is kept healthy and kicking, and a prompt and strong government intervention to rev up a slowing economy late last year.
Source: ChinaDailyThink tank: Chinese economy bottoming out, but to stage U-turn recovery
Chinese economy has bottomed out and is stabilizing against the global economic downturn, but it would go through a U-turn recovery as a quick recovery could hardly be sustainedNBS debunks IEA charges
"The viewpoint is groundless," the National Bureau of Statistics (NBS) said in an interview posted on its website yesterday. "It made a mistake to oversimplify the correlation between economic growth and energy use." Data & Analysis of MayFiscal revenueChina's fiscal revenue up 4.8% in May
The ministry attributed the revenue decline mainly to shrinking business profits amid the tough period and active fiscal policies including tax cuts and increased export tax rebates to buoy economic growth. FDIUsed FDI down 20.4% in first five months in ChinaChina to remain a FDI's favorite
With the development of China's economy and implementation of more supporting policies, it's reasonable to believe that China will still be one of the best choices of global FDINew bank loans China's new bank loans rise to 664.5 bln yuan in MayRetail salesChina's retail sales up 15.2% in MayIndustrial output China's industrial output up 8.9% in MayHeavy industry props up highest output rebound in 7 months
The heavy industry was hit hard by the global financial crisis and had been slumping fast since September last year. Its growth rate had been below that of the light industry till April. Foreign tradeChina's foreign trade down for seventh monthUrban fixed-asset investmentChina urban fixed-asset investment up 32.9% in first five monthsPMIChina's PMI of manufacturing sector stands at 53.1% in May
A reading of above 50 suggests expansion, while one below 50 indicates contraction. CPIChina's CPI falls 1.4% in May Grain, service prices may push up CPI Deflation eases PPIChina PPI down 7.2% in May year on year Analysis: What led to the continuous decline of PPI in May?Auto marketChina auto sales increase in first five months China's auto sales to hit 11 mln in 2009The risk in China's brisk car marketCapital marketVigorous trading on China's capital markets
Its vigorous performance proved from another aspect that China's economy is bottoming out and has gradually regained its confidence.Port throughputChina's port cargo throughput grows for 3 consecutive monthsReal estate marketChina's real estate index up in MayHousing sales price index of 70 major cities fell in MayBy People's Daily Online