PPT130页



  YoY Growth of China’s CPI & PPI
    In August, China’s CPI grew 2.6% from a year earlier, lower than previous month’s growth of 2.7%. In August, China’s PPI retreated 1.62% from a year earlier, a negative growth for 18 months.
    M1 Money Supply
    China’s M1 money supply grew 9.90% year on year to 31.41 trln yuan at the end of August, up 0.2 pp from the end of last month, and an increase of 5.4 pp from a year earlier.
    M2 Money Supply
    China’s M2 money supply grew 14.70% from a year earlier to 106.12 trln yuan at the end of August. The growth rate was 0.2 pp higher than last month end and 1.2 pp higher than the same period of last year.
    China’s Hot Money Evaluation
    In July, China’s trade surplus reached $17.818 bln, the actually utilized foreign investment was $9.408 bln, and the net outflows of hot money were estimated to reach $13.308 bln.
    China’s Export
    China’s total exports increased 7.16% year on year to $190.608 bln in August, according to the General Administration of Customs of China (GACC).
    China’s Import
    China’s total imports climbed 7.02% year on year to $162.09 bln in August, according to the GACC.
    China’s PMI
    In August, China’s Purchasing Managers’ Index (PMI) was 51.0%, up 0.7 pp from the previous month, which continued to be above the critical point.  Meanwhile, the Non-manufacturing Business Activity Index dropped 0.2 pp from last month to 53.9%.