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Non-Manufacturing Industries Slow on Weaker Exports, Property Sales
China's non-manufacturing purchasing managers index was 55.2 in May, down 0.9 percentage points from the previous month as a result of slowing exports and property sales, according to joint figures from the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
Browser Game Revenue Up 21% in Q1
Revenue from browser games in China rose 21.1% quarter on quarter to ¥2.32 billion in Q1 2012, according to Analysys International.
Auto Imports Jump 22% Jan-Apr
China's automobile imports totaled 372,450 units in the first four months, including 364,229 passenger cars, up 21.6% and 21.8% year on year respectively, customs figures show. Vehicles with an engine smaller than 3.0L made up 82.4% of total auto imports.
China Leans Toward Wind Farms for Power
China approved 131 power generation projects in the first five months, 95% of which were wind farms, signaling the government's determination to develop clean energy, the National Development and Reform Commission said.
$1 = ¥6.33
@2011 China Economy @ The China Perspective.
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