Welcome to Oriental Marketing Services

Discover China

Some Figures

China's national economy maintained fast growth this year. It is estimated that the GDP of the first quarter is RMB 2710.6 billion Yuan, up by 9.7% over the same period of the previous year. Of this total, the added value of the first industry was 202.9 billion Yuan, up by 4.5%, that of the second industry was 1563.4 billion Yuan, up by 11.6% and that of the third industry was 944.3 billion Yuan, up by 7.7%. The economic performance was further improved and the profit of industrial enterprises was being promoted.

The domestic market sales grew steadily. In the first quarter, the total volume of retail sales of social consumables was 1283.1 billion Yuan, up by 10.7% over the same period of the previous year, with a real growth of 9.2% allowing for the influence of price changes. Of this total, the retail sales of consumer goods in urban areas reached 852.5 billion Yuan, up by 12.3% and that in county and below areas were 430.5 billion Yuan, up by 7.6%. The sales of the wholesale and retail trades and the food industry were up by 10.2% and 16.6% respectively.

The market price kept on rising. In the first quarter, the general level of consumer price was up by 2.8% over the previous year and the growth rate was 2.3% higher than the same period of the previous year. Of this total that in urban areas rose by 2.1% and that in rural areas rose by 4.0%. In terms of different categories, the price of food rose by 7.1%, driving the general price level up by 2.4%, and that of service items was up by 2%, driving the general price level up by 0.48%. In the first quarter, the retail price of commodities was up by 1.4%, the ex-factory price of industrial goods was up by 3.7% over the previous year, and the fixed investment cost index was up by 7.5%.

Foreign trade maintained high growth. In the first quarter, the total export-import volume was US$ 239.8 billion, up by 38.2% over the same period of the previous year. Of this total, the export volume was US$ 115.7 billion, up by 34.1% and the import volume was US$ 124.1 billion, up by 42.3%, resulting in a trade deficit of US$ 8.4 billion. Utilization of foreign capital kept on expanding. In the first quarter, the contracted value of direct investment of foreigners was US$ 34.3 billion, up by 49.2% over the same period of the previous year and the real amount of foreign investment utilization was US$ 14.1 billion, up by 7.5%. The implementation of the closer economic relationship between the mainland and Hong Kong and Macao went well. The foreign exchange reserve kept on growing. By the end of March, the state foreign exchange reserve reached US$ 439.8 billion, up by 36.6 billion over the end of the previous year.

Source : China National Bureau Of Statistics