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China's Manufacturing Sees Unexpected Rebound
China's manufacturing unexpectedly expanded in January as the official purchasing managers index climbed by 0.2 points to 50.5, according to figures from the China Federation of Logistics and Purchasing. However, HSBC's gauge for the same index reads 48.8.
China's Banking Profits to Top ¥1t
Profits from China's banking industry rose 35.4% year on year to ¥817.3 billion in the first three quarters of 2011, and is expected to exceed ¥1 trillion for the whole of 2011, according to the nation's banking regulator.
China's Top 10 Automakers to Make 90% of Output by 2015
The output of China's biggest 10 automakers will be responsible for 90% of total vehicle output by the end of 2015, up from 82.2% in 2011, according to a five-year plan released by the nation's cabinet, the State Council.
China's Bond Issuance Down 20% in 2011
China issued ¥7.8 trillion of bonds in 2011, down 20.4% from the year before, according to figures from the central bank. The issuance of treasury bonds and bills decreased last year, while the issuance of financial bonds increased.
Jan Bank Loans Below ¥1t
China's big four banks lent ¥300 billion and total bank lending was between ¥750 billion and ¥800 billion in the first 28 days of January, making it very hard for bank loans to hit ¥1 trillion throughout the month, a person familiar with the matter told the 21st Century Business Herald.
$1 = ¥6.31
@2011 China Economy @ The China Perspective.
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