Chinese News.

China has decided to publish a major chunk of data on Saturday, where the data came out in general good. Annual growth in production in August was 13.9% against 13.1% in July (the first acceleration of growth over the past six months), the annual growth of retail sales also accelerated to 18.4%. It is striking that the urban population provides 87% of all sales, while it is 46.1% of the total population of China (Amendment). Production prices continued to slow the pace of growth over the last year they rose by 4.3%, which was the lowest annual allowance from January 2010. But in the consumer price situation is not nearly as good last year, consumer prices rose by 3.5%, this inflation not seen since November 2008. The negative here is the acceleration of growth in food prices, the year they went up by 7.5%, and this is one of the major items of expenditure of Chinese households. The rate of growth of money supply M2, with 17.6% to 19.2%. While inflation was the Chinese can ignore watching the situation from the outside. China's central bank last few months has reduced the pressure on banks, credit which is stabilized, the August bank credit grew by 545.2 billion yuan (U.S. $ 80 billion) last year loan rose to 7.16 trillion. yuan (about $ 1050 trillion.) and now stands at $ 6.75 trillion. About the same amount of credit issued by U.S. banks, Chinese banks have virtually caught up with the U.S. on the volume of loans. Last year the volume of loans rose by 18.6%. Annual growth in housing prices in 70 major cities slowed to 9.3% (in July was 10.3%), new housing more expensive by 11.7% per year versus 12.9% in July.

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