GDP expands 6.1%

China registered annual growth of 6.1 percent year-on-year, which is within the country’s target range of 6 percent to 6.5 percent set for 2019, according to the National Bureau of Statistics.

China remains the strongest engine of global growth in 2019, said Ning Jizhe, head of the NBS.

There was 6 percent year-on-year GDP growth in the last quarter, which was unchanged from Q3 of 2019.

CPI rises 2.9%

China’s consumer price index, a main gauge of inflation, rose 2.9 percent year-on-year in 2019, within government targets of 3 percent, official data showed on Jan 9.

The growth picked up from 2.8 percent in the first 11 months, and was above the 2.1percent annual increase in 2018, according to the National Bureau of Statistics.

In December, CPI climbed 4.5 percent year-on-year, unchanged from November.

PPI drops 0.3%

China’s producer price index, which measures costs for goods at the factory gate, dropped 0.3 percent year-on-year in 2019, the National Bureau of Statistics said on Jan 9.

It was down from a growth of 3.5 percent recorded in 2018.

In December, PPI dropped 0.5 percent year-on-year, shrinking from a 1.4-percent decline in November.

PMI at 49.7%

The purchasing managers’ index, an indicator of manufacturing sector health, stood at 49.7 percent on average for 2019, compared with 50.9 percent the previous year.

For the second month in a row, China’s official PMI for manufacturing stood at 50.2 in December 2019.

A reading above 50 percent indicates expansion, while a reading below reflects contraction.

Fiscal revenue up 3.8%

China’s fiscal revenue rose 3.8 percent year-on-year to 19.04 trillion yuan in 2019, according to the Ministry of Finance.

The central government collected more than 8.93 trillion yuan in fiscal revenue, up 4.5 percent year-on-year, while local governments saw fiscal revenue expand 3.2 percent to top 10.11 trillion yuan.

Industrial output up 5.7%

The country registered a 5.7 percent industrial output growth last year, compared with 6.2 percent in 2018.

Value-added industrial output rose 6.9 percent in December from a year earlier, 0.7 percentage points faster than the previous month.

Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan.

FAI increases 5.4%

Fixed-asset investments expanded 5.4 percent year-on-year in 2019, versus 5.9 percent for the previous year.

Month-on-month, December saw a 0.44 percent increase in FAI, while private investment expanded 4.7 percent compared with the previous year.

Retail sales up 8.0%

China’s retail sales of consumer goods rose 8.0 percent to more than 41.16 trillion yuan in 2019, with the number in December increasing 8.0 percent year-on-year to 3.88 trillion yuan, according to the NBS.

Online retail sales reached 10.6 trillion yuan, a year-on-year growth of 16.5 percent.

Imports, exports continue to rise

China’s foreign trade volume rose 3.4 percent year-on-year to surpass 31.54 trillion yuan, the NBS said.

Among the figures, exports climbed 5.0 percent to total 17.23 trillion yuan, while imports surged 1.6 percent to 14.31 trillion yuan. Thus, the trade surplus was 2.92 trillion yuan, expanding 25.5 percent.