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Major Figures

		July	June
Price Indexes
CPI		+1.8%	+2.2%
PPI		-2.9%	-2.1%
Growth Indexes
GDP		-?	7.6%
PMI		50.1	50.2
Retail		13.1%	13.7%
Fixed-asset investment?		20.4%	1.71%
Industrial output		9.2%	9.5%
Trade Indexes
Export		$177b	$180b
Import		$152b	$148b
Surplus		$25.2b	$31.7b
Financial Indexes
New loans		$85b	$144b
M2		$14.4t	$14.5t
FDI		?	$12b
Other Indexes
Fiscal revenue		$169b	$173b
Home sales (floor space)		-6.6%	-10%
Power consumption		+4.5%	-

Opinion

Wary of investment risks

The local government investments should be injected into "right" projects. The investment into high-pollution and high-energy consuming manufacturing projects should be limited.

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