Slow Down,Don’t Panic

Third-quarter data indicate China’s economy is still in good shape despite agloomy property market and structural problemsChina’s economy grew at 7.3 percent in the third quarter of 2014,maintaining a steady pace despite a complicated external and internal economic environment.In the first nine months,the Chinese economy expanded 7.4 percent overall.     

Guarding Against Deflation With Reforms

<正>Official data showed that commodity prices in China have been declining,arousing concerns over deflation risks.In response,there has been much outcry in the market that more monetary easing measures should be adopted to cope with the tendency.Deflation should be treated careful y and more emphasis should be put on bolstering reforms.Several indexes point to the change in prices,including the bulks price index(BPI)     

Economy

China’s Sharing Economy Worth RMB 1.95 Trillion Sharing economy platforms,such as the ride-hailing apps,created a market worth RMB 1.95 trillion(about US$298 billion)in 2015,according     

Filing in the Gap

<正>China’s foreign trade grew 3.4 percent in 2014,making it the third year in a row that China has missed its trade growth target.According to data released by the General Administration of Customs on January 13,foreign trade totaled$4.3 trillion last year,up 3.4 percent from 2013.Exports increased 6.1 percent to$2.34 trillion,while imports increased 0.4 percent to$1.96tril ion.The foreign trade surplus widened to     

NUMBERS

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A Way out for the Coal Industry

<正>China’s coal industry is slipping deeper into the red.Among all the sectors that witnessed declining profits,it is suffering the most.According to figures from the National Bureau of Statistics,in December 2014,the coal mining and washing sector experienced an overall profit shrinkage of 20.78 billion yuan($3.32bil ion),owing to a year-on-year ex-factory price decrease of 12.2 percent.Data from the China     

ECONOMY

<正>PMI Data Chinese manufacturing activity waned slightly in December 2014,whereas activity in the service sector rose in the month,official data showed on January 1.The manufacturing purchasing manager’s index(PMI),a key measure of factory activity in China,posted a value of 50.1 in December,down from 50.3 in November,according to data released by the National Bureau of Statistics(NBS)and the China Federation of