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Energy Finance News Review(17-09-2013)


2013-09-17 13:59:44


On Sept.6, the State Council organized executive meeting listening to the evaluation report prepared by National Association of Industry and Commerce about implementing private investment policy. The evaluation shows that there are shortfalls in each place in encouraging and promoting the policy measures and specific rules concerning private investments, and the State Council requires each of its departments to produce improvement measures and introduce as soon as possible a batch of the projects that are in line with industrial guidance and are beneficial to industrial transformation and upgrading for private capitals in fields of finance, petroleum, electric power, telecommunication, resources development, and public utilities to form piloting and driving effect and develop multi-ownership economy amid promoting structural reformation.
In the evening of Sept. 10, Li Keqiang, premier of the State Council claimed when exchanging with the personnel of international business circles at 2013 Summer Davos Forum that the strategy China has chosen is to unleash reformation dividends in a sudden way to inspire market vitality, focus on adjusting economical structure and transform development mode to make the development be combined with the efforts on growth stabilizing, and “these have been found to be effective currently.”
The latest data from the National Bureau of Statistics also supports the claim and, the economic data for August will be published in near future one after another, and the major economic data are all picking up with shining performance. 
Among other things, the “Three Carts” including export, spending, and investing are all picking up and are rebounding. Data shows that in August export rose by 7.2% compared to that of the same period of last year with growth speed creating a record high in four-month-running up; spending gained a 13.4% nominal growth, saw a 0.2% rebounding over that of July; and the national fixed assets investment (excluding peasant families) from January to August gained a 20.3% nominal growth, saw a 0.2% acceleration from January to July. In the meantime, the growth of industry and the Purchase Manager Index for manufacturing industry rebounded significantly. Data shows that in August, the growth value of up-scale enterprises rose by 10.4% on real basis, and the PMI for manufacturing industry was 51%, saw a 0.7% rise over that of July and, among which the PMI for manufacturing industry created a record high for sixteen months consecutively. In addition, the falling magnitude for PPI compared on a year-on-year basis was narrowed to 1.6%, saw a 0.7% narrowing compared to that in July, with the falling magnitude narrowed for three months consecutively. Meanwhile, amid warming trend of the economic index for couple of items, pricing level lingered in low. Data shows the CPI in August rose by 2.6% compared to that of the same period of last year with increasing magnitude creating a record low in three months.

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