China's Inflation Falls Sharply in Nov
China's consumer price index scaled back to 4.2% in November from a year ago, the slowest pace in 14 months, making the case for looser monetary policies, according to the National Bureau of Statistics. Food prices were up 8.8% last month. The producer price index rose 2.7% year on year and dropped 0.7% month on month in November.
Industrial Output Rises 12.4% in Nov
China's industrial output expanded 12.4% in November from a year ago, with output from state-owned industrial companies up 7.8% and output from foreign industrial companies up 8.4%, according to the National Bureau of Statistics.
Fixed Asset Investment Nears ¥27t Through Nov
China's fixed asset investment rose 24.5% year on year to ¥26.95 trillion in the first 11 months of this year, according to the National Bureau of Statistics. Fixed asset investment in the primary sector was up 28.8% to ¥625.6 billion; fixed asset investment in the secondary sector was up 27% to ¥11.81 trillion; and fixed asset investment in the tertiary sector was up 22.4% to ¥14.51 trillion.
QFII & QDII Quotas Unveiled
China's State Administration of Foreign Exchange approved $1.42 billion of quotas for qualified foreign institutional investors (QFII) in the year through November, bringing the total quota of the scheme introduced in 2007 to $21.14 billion for 108 QFIIs. The Administration approved $1.5 billion of quotas to qualified domestic institutional investors (QDII, which is allowed to invest overseas) in the year through November, bringing the total quota of the scheme to $74.15 billion for 95 QDIIs.
China Has 104m Vehicles in Use
China had 104 million vehicles in use by the end of November 2011, 74.2% of which, or 77.48 million, were privately owned, according to the nation's traffic authority. The number of vehicles in use in China is projected to exceed 200 million by 2020.
China Exported 705,000 Vehicles Through Oct
China exported 705,000 vehicles, and auto accessories valued at $35.39 billion in the first 10 months, up 55.1% and 36.5% respectively from the same period a year ago, according to the Ministry of Commerce.
China's Software Revenue to Hit ¥4t by 2015
Revenue from China's software industry is expected to grow 25% annually to ¥4 trillion and software exports are expected to reach $60 billion before 2016, according to a five-year plan released by the Ministry of Industry and Information Technology.
China Needs 5% More Lube Oil Per Year Until 2020
China's demand for lubricant oil will grow 5% annually in the next 10 years, charging demand for lubricant oil in the Asia Pacific rim, Shell predicted.
ASEAN China's No 1 Investment Destination
The ASEAN has become the largest recipient of Chinese investment after China invested a total of $12.43 billion in the bloc over the past three years. The amount accounted for 90% of all-time Chinese investments in the region. Singapore, Myanmar and Cambodia were the top three ASEAN member states in terms of attracting Chinese investment.
$1 = ¥6.34