China's industrial production expands 9.2% in May

China's industrial value-added output rose 9.2 percent year-on-year in May, down from April's 9.3-percent increase, the National Bureau of Statistics said Sunday.

Value-added industrial output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.

In the first five months, total industrial value-added output increased 9.4 percent year-on-year, compared with the 9.5-percent growth rate registered for the first quarter of the year.

Sunday's NBS data also showed that China's heavy industries expanded 9.8percent year-on-year in May, while its light industries posted output growth of 8.0 percent from a year earlier.

Analyzed by ownership, the industrial output of state-owned enterprises expanded 4.4 percent, while that of collectively owned companies grew 4.0 percent, compared with 10.7 percent for stock-holding companies and 8.1 percent for overseas-funded firms.

 

China's May new yuan loans continue to fall

China's new yuan-denominated lending fell to 667.4 billion yuan ($107.65 billion) in May, down from 792.9 billion yuan in April and 1.06 trillion yuan in March, according to data released by People's Bank of China, the central bank, on Sunday.

The figure was also 125.8 billion yuan less than the same period last year, the People's Bank of China said in a statement on its website.

The country's social financing, a measure of funds raised by entities in the real economy, amounted to 1.19 trillion yuan last month, shrinking 576.3 billion yuan compared with that in April.

By the end of May the broad measure of money supply (M2), which covers cash in circulation and all deposits, rose 15.8 percent year-on-year to 104.21 trillion yuan. The increase was 0.3 percentage points lower than that registered in April, according to the central bank.