In January 2012, the Chinese business operation.
Domestic market situation
In January, “two” consumer driven, consumer market in China maintained steady and rapid development. Monitoring of the Ministry of Commerce of 3000 (referred to as “1000”) focus on retail business sales, an increase of 12.7%. The main features are:
First, the festive spending prosperous and active. New Year’s Day, Chinese New Year market supply sufficient variety, prominent bright spot.
Monitoring of Ministry of Commerce, New Year’s Eve, the first month the sixth key national retail sales of catering enterprises 470 billion yuan, an increase of 16.2% in 2011 during the Spring Festival. Hot New Year, gold and silver jewelry, fashion, digital and home appliances and other goods, visiting the temple, folklore exhibitions of cultural consumption has become the popular choice of people, “New Year” has become the mainstream of the restaurant market, “Ten Thousand Villages rush Set close to the rural the market effect of promotional activities.
Second, gold and silver jewelery, communication equipment, and food sales grow steadily. By holiday consumer demand impact, preserve and increase the classes and upgrade demand for goods increases. Monitoring thousands of key retail enterprises in the Ministry of Commerce, gold and silver jewelry sales increased 32.1%, communication equipment increased by 21.3%, respectively, compared with December last year to speed up 3.5 percent and 11.5 percent; food sales increased 22.2 percent, accelerating by 4.4 percentage points. Meanwhile, the Commerce Department monitoring thousands of key retail enterprises, clothing sales increased by 13.3%, footwear increased by 13.8%, respectively, compared to December last year, slowed down by 6.8 and 1.0 percentage points.
Third, home appliances, automobiles, housing, goods sales fell. In the Commerce Department monitoring thousands of key retail enterprises, household appliances, automotive, construction and decoration materials sales rose, respectively, decreased by 10.0%, 4.8% and 5.2%.
Consumption of the overall stabilization of prices of agricultural products. In January, the consumer price level rose by 4.5 percent, to accelerate by 0.4 percentage points more than in December last year. According to the monitoring of the Ministry of Commerce, the Festival effects, the consumption of agricultural prices fell slightly. Last week (February 6 -12 days), 18 kinds of vegetables, wholesale prices fell 4.8 percent from the previous week (below), cucumber, green pepper, chili drop decreased by 20.5%, 16.2% and 9.6%. The retail price of eggs fell 1.3 percent decline to expand by 0.9 percentage points over the previous week. Meat prices down are based, stable and slightly higher retail price of grain and oil, and eight kinds of aquatic products wholesale prices rose 0.3 percent.
According to customs statistics, in January 2012, China’s foreign trade import and export value of $ 272.6 billion, down 7.8 percent from the same period last year (below). Among this, exports 149.94 billion U.S. dollars, down 0.5 percent; imports 122.66 billion U.S. dollars, down 15.3 percent. Trade surplus of 272.8 billion U.S. dollars. As this year’s Chinese New Year holiday in January, import and export data affected by seasonal factors.
First, the general trade exports to maintain modest growth, processing trade imports declined significantly. In January, China’s general trade import and export 151.53 billion U.S. dollars, down 5.4 percent, lower than the national imports and the overall decrease of 2.4 percentage points. Which exported $ 76.77 billion, an increase of 2.6%; imports $ 74.76 billion, down 12.5 percent. Processing trade to $ 92.76 billion, down 9.8 percent. Which exported $ 62.64 billion, down 4 percent; imports $ 30.12 billion, down 19.9 percent.
Second, the trend growth of some emerging market trade, the EU’s export growth declined. In January, China and other emerging markets like Russia and Brazil bilateral trade trend growth. The total bilateral trade with Russia, $ 7.16 billion, an increase of 26.8%; total bilateral trade with Brazil was $ 6.34 billion, an increase of 5.7%. Exports to the EU decreased by 3.2%, in which German exports fell 6.3 percent, exports to Italy fell 28.2 percent. The United States, Japan’s exports, respectively, a slight increase of 5.4% and 6.1%.
Third, the rapid export growth of central and western regions, part of the eastern provinces of exports declined. In January, the central and western regions export growth of 17.2% and 19.3%, the export growth of Chongqing, Henan, Guizhou and Jiangxi provinces were 1.1 times and 1.1 times, 19.6% and 23.5%. 10 provinces and municipalities in eastern exports fell 2.5 percent, including Guangdong, Jiangsu and Shandong were down 9.2%, 3.9% and 3.2%.
Fourth, the traditional labor-intensive merchandise exports overall steady fall in imports of raw materials. January, plastic products, toys, apparel exports increased by 5.4%, 4%, 3.5%; bags, textiles, footwear, furniture exports were down 7%, 6.8%, 1.3%, 2%. The seven kinds of traditional labor-intensive goods accounted for 22.4 percent of China’s total export value for the same period. Iron ore and concentrates, in primary forms, plastic, natural rubber, the number of drop of unwrought aluminum and aluminum imports were 13.9%, 26.8%, 8.1% and 4.4%, prices were down 11.0%, 3.8%, 24.1% and 12.8%.
Fifth, the export of private enterprises to grow, the proportion of foreign-funded enterprises import decline. In January, the export of foreign-funded $ 75.33 billion, down 2.8 percent; imports $ 56.56 billion, down 21.0 percent, accounting for the proportion of overall imports dropped by 3.3 percentage points. Exports of private enterprises increased by 3.2 percent, 3.7 percentage points higher than the overall growth rate of exports; imports decreased by 16.7%. State-owned enterprises exports fell 1.0 percent, while imports fell 4.4 percent.