National Economic performance in July

In July, national economic performance continued to keep favorable development.

Main features of economic performance in July:

1. Industrial production continued to keep the rapid development. In July, total value-added of industry was 196 billion yuan, up by 12.8% over the same month of last year, and the growth rate was 0.9 percentage points higher than previous month. From January to July, the total complete value-added of industrial production reached 1295.6 billion yuan, up 11.4% over the same period of last year.

Main features of industrial production as follow:

a. Production of state-owned and state-owned share holding enterprises continued to keep fairly fast growth. In July, the total complete value-added of state-owned and state-owned share holding enterprises was 117.1 billion yuan, up 12.8% over the same period of last year, the growth rate was 0.9 percentage points higher than previous month. And the total complete value-added of share holding enterprises was 41.4 billion yuan, up 16.8% over the same month of last year., its growth rate was 1.6 percentage points higher than the previous month.The total value-added of enterprises invested by foreigners or investors from Hong Kong, Macao and Taiwan was 44.4 billion yuan, up 15.2% over the same period of last year, the growth rate was as the same as the previous month. On the contrary, production of collective enterprises and other enterprises slowed down a little.

b. The growth of heavy industry continued to increase. In July, the total value-added of heavy industry was 119.1 billion yuan, up 14.7% over the same month of last year. And the growth rate was 1.2 percentage points higher than the previous month.. And the total value-added of light industry was 76.9 billion yuan, up 10.6% over the same month of last year. Production of yarn and cloth was up 17.2% and 9.5% respectively in this month, and knitting wool was up 15.4%, garments up 15.7%.

c. Production and marketing situation improved to some extent. In July, the sales ratio of industrial enterprises was 97.84%, up 0.4 percentage points over the same month of last year.

d. Value of delivered export goods realized by industrial enterprises increased fast. In July, total value of delivered export goods realized by industrial enterprises reached 117.7 billion yuan, up by 27.4% over the same period of last year, and the growth rate was 2 percentage points. And that continued to stimulate the industry production. From January to July, total value of export consignment was up 26.6% over the same period of last year.

II. Investment in fixed assets increased fast. From January to July, the total investment in fixed assets (excluding urban and rural collective units and individual investment) reached 938.3 billion yuan, up 12.6% over the same period of last year, 0.5 percentage points faster than the first half of this year. and investment in fixed assets in this month was 184.5 billion yuan, up 14.8% over the same period of last year, 3.8 percentage points faster over the same month of last year.

Investment in capital construction increased faster obviously than the same period of last year. From January to July, the total investment in capital construction was524.3 billion yuan, up 7.4 percentage points over the same period of last year.

. Market sales were brisk. In July, total retail sales of consumer goods hit 259.69 billion yuan, up 9.1% over the same month of last year.By location of establishments, total retail sales in city reached 161.93 billion yuan, up 10.1% over the same month of last year, that in country reached 31.01 billion yuan, up 7.6% over the same month of last year, and that in under country level was 66.75 billion yuan, up 7.5% over the same month of last year.

. The consumer price picked up slightly. In July, consumer price grew by 100.5%, compared with same month of last year. From January to July, consumer price grew by 100.2%, compared with same period of last year.

In July, retail price was down 0.9 percentage points over the previous month, 1.2 percentage points over the same month of last year. From January to July, retail price was down 1.8 percentage points over the same period of last year.

. Exports and imports increased rapidly. From January to July, total value of exports and exports was 257.565 billion US dollars, up 36.3% over the same period of last year, the trade surplus was 14.339 billion US dollars. Of which, the value of exports was 135.952 billion US dollars, up 35.8%, and the value of imports was 121.613 billion US dollars, up 36.8% over the same period of last year.

In July, the value of exports was 21.478 billion US dollars, up 24.1%, value of imports was 19.492 billion US dollars, up 40.1% over the same month of last year.

. Fiancial performance developed steadily. By the end of July, broad money M2 was 12632.4 billion yuan, up 13.4% over the same period of last year, narrow money M1 was 4780.3 billion yuan, up 22.6% over the same period of last year, cash in circulation M0 was 1315.7 billion yuan, up 17.5%. In July, total net cash supply 15 billion yuan, 16.8 less than that in the same period of last year.

By the end of July, total loans balance of all financial institutions was 9436.3 billion yuan, up 14.1% over the same period of last year, new-loans in this month was 90.2 billion yuan, more than 36.5 billion yuan that in the same month of last year. Total deposits balance of all financial institutions was 11715.5 billion yuan, up 13.9% over the same period of last year. Of which, enterprises enterprises deposits balance was 4024 billion yuan, up 21.6%, savings deposits balance of urban and rural residents was 6284.2 billion yuan, up 6.3% over the same period of last year.