Latest news and statistics on China's economy and business climate

 04 May 2008                             

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CHINABILITY CONFIDENTIAL

TWatch the news below for developments

Remember, you saw it on Chinability first!

2007 economic report added 24/01/2008
Foreign exchange reserves updated 24/01/2008
Population figures updated 01/01/2008
Current account balance table updated 28/12/2007
3rd Quarter Economic Report added 11/12/2007
Consumer Confidence Index table added 7/12/2007
New charts added for CNY against USD, EUR, JPY and GBP
Exchange rate monthly table updated 6/12/2007

Latest news: scroll down page


Latest renminbi exchange rate against the US dollar, Euro, Yen, Hong Kong dollar and pound sterling.

Renminbi [CNY] currency converter    China population clock  Weather page     Search Chinability


 China's economy in figures 

2007 economic report
GDP growth 1952-200
7
[Updated 4 May 2008]
 

Consumer Confidence Index            
The CCI gives an early indication of probable slowdown or growth acceleraton.

OECD books on the Chinese economy
OECD books available from the OECD's Online Bookshop in 2007.

OECD report on China's new foreign acquisition rules
[Full official version]
 


Consumer durables ownership 1990-2002

Urban households now possess major household items and are developing new tastes, while those in the countryside are way behind.




Current-account balance 1982-2006

The surplus rocketed to a quarter of a trillion US dollars in2006.


 [Table and text updated on 28 December 2007.]



Renminbi exchange rates
End-month figures to November 2007.
[Table updated on 6 December 2007.]


Latest RMB/CNY exchange rates

Renminbi currency converter
Convert renminbi (Chinese yuan, CNY)  into another currency, IMF Special Drawing Rights (SDRs) or a precious metal (gold, silver, platinum, palladium) at the latest exchange rate.



Foreign direct investment (FDI) inflows 1984-2005

Actually used FDI inflows reached a record US$72.4 billion in 2005.
[Table updated on 29 December 2006]


Foreign exchange reserves 1977-2007
China's foreign exchange reserves reached USD1.4 trillion in the third quarter of 2007.
[Table updated on 6 December 2007]

 


Grain output 1978-2004
Grain
production rose in 2004 after five straight years of decline.
[Table updated on 2 March 2005]

 

 

Industrial output growth 1978-2005
Real annual growth in industrial output remained above 16% per year in 2005.
[Chart  and text updated on 13 January 2006]
 

Land and natural resources
China's cultivated area continued to shrink in 2003. At the same time, China departed further from self-sufficiency in minerals.

Population statistics 1969-2003
Population control is working, but an ageing crisis looms.


China population clock
中国人口钟


Retail price index 1977-2003
Deflation set in in 1998 and persisted well into 2003.

 

Tourism in China in the 21st century
While 100 million people a year visit China, more and more Chinese are travelling around their own country and going overseas to see the sights.



Trade statistics 1952-2004
In2004, the trade surplus rose 25.3% to US$32 billion over 2003 as two-way trade rocketed by 35.7%.
[Chart updated on 2 March 2005]

 

 Official reports 

2004 economic performance
China's GDP reached Rmb13.7 trillion in 2004, up by 9.5 percent over 2003, according to a preliminary report from the National Bureau of Statistics.

2006 government work report
Full text (in English and Chinese) of the work report delivered by premier Wen Jiabao to the 2005 session of the National People's Congress.
[Added on 1 October 2006]

Wen Jiabao's press conference at the NPC
Full transcript (in English and Chinese) of the press conference held by Premier Wen Jiabao on 14 March 2005.
[Added on 16 March 2005]

Anti-secession Law
Full text (in English and Chinese) of the anti-secession law passed by the National People's Congress on 14 March 2005.
[Added on 16 March 2005]

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 Other resources 
Two years on: tsunami reconstruction and other relief efforts:
where to send donations
[Updated on 26 December 2006.]

People's Bank of China July 2005 statement on the exchange rate arrangement for the renminbi

US-China WTO agreement
The agreement with the United States on China's WTO accession is a helpful guide to China's commitments to its fellow WTO members.

USTR report on China's WTO compliance
Is China living up to its WTO commitments? The report of the United States Trade Representative at the end of 2003 says it is not.

Constitution of the People's Republic of China

Constitution of the Chinese Communist Party


 China news (updated every 15 minutes) 
 


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Current view of China from 1,000km high

Books on the Chinese economy


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