The total value of exports in May was 2,147.1 billion yuan—up by 11.2 per cent, and the total value of imports was 1,560.7 billion yuan in the month—up by 5.2 per cent.

The trade surplus was 586.4 billion yuan in the month.

The total value of exports in the first five months was 9,950.2 billion yuan—up by 6.1 per cent YoY. The total value of imports was 7,554.1 billion yuan in the period—up by 6.4 per cent YoY.

In the first five months, import and export by private enterprises went up by 11.5 per cent YoY, accounting for 54.7 per cent of the total value of imports and exports--2.6 percentage points (pp) higher than that of the same period last year.

The economic performance was generally stable in May, with improvement in major indicators and rapid development of new growth drivers.

The total value added of Chinese industrial enterprises above the designated size grew by 5.6 per cent YoY in May and by 6.2 per cent YoY. The value added of the manufacturing sector went up by 6 per cent in the month.

In May, the value added of state holding enterprises was up by 3.6 per cent; that of share-holding enterprises was up by 6.4 per cent; that of enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan was up by 2.5 per cent; and that of private enterprises was up by 5.9 per cent.

In May, the manufacturing purchasing managers’ index stood at 49.5 per cent.

In the first four months this year, the total profits made by industrial enterprises above the designated size were 2,094.7 billion yuan, up by 4.3 per cent YoY.

In May, the total retail sales of consumer goods reached 3,921.1 billion yuan (~$540.40 billion)—up by 3.7 per cent YoY, 1.4 percentage points faster than that of the previous month, or up by 0.51 per cent month on month (MoM).

In the first five months, the total retail sales of consumer goods reached 19,523.7 billion yuan, up by 4.1 per cent YoY. Online retail sales reached 5,766.9 billion yuan—up by 12.4 per cent YoY.

In May, the consumer price index (CPI) went up by 0.3 per cent YoY, the same as that of the previous month; or down by 0.1 per cent MoM.

The producer prices for industrial products in the month went down by 1.4 per cent YoY, with the decline narrowing by 1.1 percentage points compared with that of the previous month, or up by 0.2 per cent MoM.

The purchasing prices for industrial producers went down by 1.7 per cent YoY, or up by 0.3 per cent MoM in May. In the first five months, the producer prices for industrial products and the purchasing prices for industrial producers dropped by 2.4 per cent and 3 per cent YoY respectively.

Fibre2Fashion News Desk (DS)