CHINA APPROVES FIXED ASSET INVESTMENT PROJECTS
1. The National Development and Reform Commission, China's top economic planner, approved 12 fixed-asset investment projects with the combined investment totaling 70.5 billion yuan (about 10 billion U.S. dollars) in July, data showed.
2. China's fixed-asset investment growth remained basically stable in the first seven months of the year, expanding 5.7 percent year on year thanks to robust high-tech investment, earlier data showed.
3. The projects were mainly in energy and transportation industries, according to Meng Wei, spokeswoman for the National Development and Reform Commission.
CHINA FIXED-ASSET INVESTMENT UP 5.7% IN FIRST SEVEN MONTHS
1. China's fixed-asset investment grew 5.7 percent year on year in the first seven months of 2019, 0.1 percentage points lower than the growth in the first half-year, official data showed Wednesday.
2. Fixed-asset investment amounted to 34.89 trillion yuan (about 4.98 trillion U.S. dollars) in the first seven months, according to the National Bureau of Statistics.
3. Private-sector investment rose 5.4 percent year on year in the first seven months to 21.03 trillion yuan and the growth rate is 0.3 percentage points lower than that in the first six months.
4. Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.
5. Investment in high-tech manufacturing surged 11.1 percent, 5.4 percentage points faster than total investment growth, while investment in high-tech services grew 11.9 percent, 6.2 percentage points faster than the average growth.
FDI, FISCAL REVENUE, FIXED-ASSET INVESTMENT, INDUSTRIAL OUTPUT, JOB MARKET
1. Foreign direct investment (FDI) into the Chinese mainland expanded 7.3 percent year on year to 533.14 billion yuan (about 75.82 billion U.S. dollars) in the January-July period, the Ministry of Commerce (MOC) announced
2. China's non-financial outbound direct investment (ODI) in 153 countries and regions amounted to 432.92 billion yuan in the first seven months of the year, up 3.3 percent year on year, according to MOC Thursday.
3. China's fiscal revenue increased 3.1 percent year on year to over 12.56 trillion yuan in the first seven months of 2019. The country's central government collected more than 6.04 trillion yuan during the period, up 3.3 percent year on year, while local governments saw fiscal revenue up 3 percent to about 6.52 trillion yuan.
4. China's value-added industrial output, an important economic indicator, expanded 4.8 percent year on year in July, the NBS said. The growth rate was 1.5 percentage points lower than that recorded in June. On a monthly basis, the industrial output edged up 0.19 percent from June.
5. China's retail sales of consumer goods rose 8.3 percent year on year in the first seven months of the year, the NBS showed. The growth dipped from an increase of 8.4 percent registered in the first six months. In July alone, retail sales climbed 7.6 percent from one year earlier, with the pace of growth down 2.2 percentage points from June.
6. China's job market remained generally stable in the first seven months of the year, with the number of newly created jobs achieving 79 percent of this year's target. A total of 8.67 million new urban jobs were created during the January-July period, according to the NBS. The surveyed urban unemployment rate rose 0.2 percentage points to 5.3 percent last month, the NBS data showed.
Source: http://www.xinhuanet.com/english/2019-08/18/c_138317481.htm
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