China’s Economic Figures for Q1 2012

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Apr. 16 – Last week, the Chinese government released figures concerning the country’s economy, finances and foreign trade for the first quarter of 2012. The statistics show a drop in year-on-year (yoy) GDP growth from 8.9 percent to 8.1 percent.

2012 Q1 economic indexes

  • GDP: RMB10.8 trillion (yoy growth of 8.1 percent)
  • Industrial value-added growth: 11.6 percent
  • Industrial value-added growth for FIEs and Hong Kong/Taiwan/Macau-invested enterprises: 6.4 percent
  • Investment in fixed assets: RMB4.79 trillion (yoy growth of 20.9 percent)
  • CPI: 3.8 percent

2012 Q1 trade statistics

  • Total trade: US$859.37 billion (yoy growth of 7.3 percent)
  • Total imports: US$429.35 billion (yoy growth of 6.9 percent)
  • Total exports: US$430.02 billion (yoy growth of 7.6 percent)
  • Trade surplus: US$670 million

2012 Q1 financial data

  • Social financing: RMB3.88 trillion
  • Growth of M1: 4.4 percent
  • Growth of M2: 13.4 percent
  • Increase in RMB loans: RMB2.46 trillion
  • Increase in foreign currency loans: US$21.1 billion
  • Increase in RMB deposits: RMB3.76 trillion
  • Increase in foreign currency deposits: US$66.8 billion
  • Foreign exchange reserves: US$3.31 trillion
  • Cross-border RMB settlements: RMB580.4 billion
  • RMB direct investment: RMB49.9 billion

Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China, Hong Kong, India, Singapore and Vietnam. For further information, please visit the firm’s web site, E-mail china@dezshira.com, or download their brochure here.

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