Major Macroeconomic Indicators in H 1
- The consumer price index (CPI), a main gauge of inflation, rose 1.3 percent. The producer price index (PPI), which measures inflation at the wholesale level, contracted 4.6 percent.
- Foreign trade decreased 6.9 percent to 11.53 trillion yuan($1.86 trillion). Exports increased 0.9 percent to 6.57 trillion yuan($1.06 trillion), while imports dropped 15.5 percent to 4.96 trillion yuan($798.56 billion).
- Value-added output of industrial enterprises above a designated size—principal business revenue of more than 20 million yuan ($3.15 million) a year—grew 6.3 percent.
- Fixed assets investment totaled 23.71 trillion yuan ($3.82 trillion), up 12.5 percent after adjusting for inflation.
- Investment in the property sector reached 4.4 trillion yuan ($708.4 billion), up 5.7 percent after adjusting for inflation.
- Retail sales of consumer goods totaled 14.16 trillion yuan ($2.28 trillion), up 10.5 percent after adjusting for inflation. Online retail sales of commodities amounted to 1.38 trillion yuan ($222.18 billion), up 38.6 percent and accounting for 9.7 percent of total retail sales.
- The per-capita disposable income of urban residents stood at 15,699 yuan ($2,528), up 6.7 percent after adjusting for inflation.
- The per-capita cash income of rural residents stood at 5,554 yuan ($894), up 8.3 percent after adjusting for inflation.
- New yuan-denominated loans amounted to 6.56 trillion yuan ($1.06 trillion), 537.1 billion yuan ($86.47 billion) more than the same period last year.
- As of the end of June, M2, a broad measure of money supply that covers cash in circulation and all deposits, reached 133.34 trillion yuan ($21.47 trillion), up 11.8 percent.
- Total social financing, a measure of funds raised by entities in the real economy and a broad measure of liquidity in the economy in general, totaled 8.81 trillion yuan ($1.42 trillion).
(Source: National Bureau of Statistics, all growth rates are year-on-year)
