Monday 15 August 2005

China industrial output slows, FDI down

Are these signs of an impending slowdown in China?

China's industrial output up 16.1 percent in July from year earlier
China's industrial output rose 16.1 percent from a year earlier to 581.1 billion yuan (71.6 billion US) in July, slowing fractionally from the precious month, official data showed Monday.

The July figure for factory-gate goods compared with a rise of 16.8 percent in June from a year earlier, the National Bureau of Statistics reported...

Foreign investment in China falls 3.42 percent in first seven months
Foreign direct investment (FDI) in China fell 3.42 percent in the first seven months of the year, official data showed.

Total actual foreign investment in the January to July period reached 33.09 billion dollars, the Ministry of Commerce said in a statement.

Contracted foreign investment, which gives an indication of future business activity, was up 19.23 percent from a year earlier at 98.64 billion dollars...

In any case, Chinese economists do seem concerned about deflation -- see "Chinese economists warn of approaching deflation" (via Survived SARS)

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