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China's May FDI Rises 13.4%

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China's May FDI Rises 13.4% Economy & Policy | Market & Trade | Infrastructure & Development | Shipping | Logistics & Transportation WEEKLY NEWSLETTER Week 24/25 June 9-22th, 2013 www.amassfreight.com Economy China’s 2013 GDP Growth Forecast at 8.1 Percent general PPI of May, according to the NBS. CSFJN | 19-June-2013 & More >> Policy Experts attending the China Macro-economic Forum on June 15 believed expedited reforms are key to break out of the current trap. They appealed for more decisive U.S. consumer prices up 0.1% in May actions in reforms related to urbanization, finance, and Xinhua | 19-June-2013 fiscal and tax system. U.S. Consumer Price Index (CPI) rose 0.1 percent in May According to the report published on the same day, the on seasonally adjusted basis, indicating the inflation GDP growth in 2013 is expected to reach 8.1 percent; remained subdued, the Labor Department said on Market & Trade CPI may grow by 2.9 percent, and PPI recovery can be Tuesday. Infrastructure & Development seen in the end of this year; M1 and M2 growth are predicted to be 13.6 percent and 15.5 percent. The report said the energy prices rose 0.4 percent last Shipping month, with gasoline prices flat but increases in the Logistics & Transportation More >> electricity and natural gas prices accounting for the rise. Meanwhile, the food costs turned down by 0.1 percent in May. China's May PPI down 2.9 percent Xinhua | 9-June-2013 Excluding the volatile food and energy categories, the so-called "core" inflation index rose 0.2 percent in May. China's producer price index (PPI), which measures inflation at the wholesale level, fell 2.9 percent year on The consumer price index has risen 1.4 percent in the 12 year in May, the National Bureau of Statistics (NBS) months ending May, below the Federal Reserve's target announced on Sunday. inflation rate of 2 percent. The figure marked a further drop of 0.6 percent from More >> April's, according to data released by the NBS. For the Jan.-May period, the PPI fell 2.1 percent. The factory price of production materials dropped 3.8 percent, contributing 2.88 percentage points to May's PPI. Excluding the carryover effects from last year, new prices only contributed 0.8 percentage point to the www.amassfreight.com Copyright© 2012 AMASS 2 / 8 Economy China's industrial production expands 9.2 percent in Total fiscal revenue grew 6.2 percent year on year to May 1.27 trillion yuan (204.84 billion U.S. dollars) in May, & Xinhua | 9-June-2013 the Ministry of Finance (MOF) said in a statement. Policy China's industrial value-added output rose 9.2 percent The growth rate was slightly up from the 6.1 percent year on year in May, down from April's 9.3-percent growth seen in April, data showed. increase, the National Bureau of Statistics said Sunday. The central government's fiscal revenue rose by 2.6 Value-added industrial output measures the final percent year on year to 717 billion yuan, the first output value of industrial production, or the value of monthly growth since March but it would be difficult to gross industrial output minus intermediate input, such achieve the full-year target of 7 percent, the statement Market & Trade as raw materials and labor costs. said. Infrastructure & Development In the first five months, total industrial value-added More >> Shipping output increased 9.4 percent year on year, compared Logistics & Transportation with the 9.5 percent growth rate registered for the first quarter of the year. China's FDI edges up 0.29% in May Xinhua | 18-June-2013 Sunday's NBS data also showed that China's heavy industries expanded 9.8 percent year on year in May, China's actual use of foreign capital in May stood at while its light industries posted output growth of 8.0 $9.26 billion, up 0.29 percent year on year, the percent from a year earlier. Ministry of Commerce (MOC) announced Tuesday. More >> This marked the fourth consecutive monthly increase since February, when China reported an FDI recovery after declining for eight consecutive months since June Slow growth continues for China's fiscal revenue 2012. Xinhua | 13-June-2013 During the first five months, inbound investment China's fiscal revenue continued a trend of slow growth increased 1.03 percent from a year earlier to $47.6 in May due to tempered economic expansion and the billion, data show. country's tax cutting policies, according to official data released on Sunday. More >> www.amassfreight.com Copyright© 2012 AMASS 3 / 8 Market Italian experts say EU-US trade deal to boost global respectively on a monthly basis in March. & trade Xinhua | 18-June-2013 For the 27-member EU, there was a trade surplus of 9.2 Trade billion euros, down from 15.9 billion euros in March. The formal launch of free-trade talks between the European Union(EU) and the United Statesat the G8 Concerning the total trade of member states, the summit will have positive impact on global trade, largest surplus was observed in Germany with 49.3 Italian experts said on Monday. billion euro in January-March 2013 period, followed by the Netherlands with 15.1 billion euros and Ireland The first round of the Transatlantic Trade and with 8.9 billion euros. Investment Partnership (TTIP) negotiations will Economy & Policy reportedly take place next month in Washington. More >> Infrastructure & Development According to Giorgio Arfaras, an economist at Shipping Turin-based Luigi Einaudi Research Center, such a pact Sino-Vietnam trade carries great potential Logistics & Transportation would surely boost growth and jobs worldwide, though Xinhua | 19-June-2013 the still-unfolding economic crisis does not allow too much optimism in the short term. On invitation from President Xi Jinping, Vietnam’s President Truong Tan Sang will kick off a three-day visit More >> to China starting tomorrow. Analysts say, both China and Vietnam face similar risks and challenges at home and abroad and that both nations have great potential Eurozone trade surplus lower in boosting trade cooperation. Xinhua | 18-June-2013 China and Vietnam not only share a similar cultural The eurozone trade surplus reached 14.9 billion euros background, but the two countries also share the same (19.9 billion U.S. dollars) in April, the European Union's commitment to boosting market based economic (EU) statistics bureau Eurostat said on Monday. reforms. The surplus figure declined nearly 30 percent More >> compared to 22.9 billion euros in March, said the Eurostat, adding that seasonally-adjusted exports felled by 0.8 percent and imports rose by 0.5 percent www.amassfreight.com Copyright© 2012 AMASS 4 / 8 Infrastructure Jiaxing-Shaoxing Sea Bridge completed storage and export. Speaking at today’s ceremony at Xinhua | 17-June-2013 the DSME shipyard, INPEX Ichthys LNG Project Director & Offshore Claude Cahuzac said the steel cutting marked Development Photo taken on June 17, 2013 shows the a major milestone.“Starting fabrication on the FPSO Jiaxing-Shaoxing Sea Bridge in Shaoxing, east China's hull means that work is now underway on all Zhejiang Province. The bridge was completed on June majoroffshore facilities –this includes the Central 17 and is expected to be open to traffic by the end of Processing Facility, subsea structures and the Gas June. With a span of 10 kilometers over the Hangzhou Export Pipeline,” Mr Cahuzac said. Bay, it is the world's longest and widest multi-pylon cable-stayed bridge. More >> Economy & Policy Electricians work on the Jiaxing-Shaoxing Sea Bridge in APM Terminals, Ningbo Port to Invest in Meishan Market & Trade Shaoxing, east China's Zhejiang Province, June 17, 2013. The bridge was completed on June 17 and is expected Container Terminal Shipping to be open to traffic by the end of June. With a span of JOC | 19-June-2013 Logistics & Transportation 10 kilometers over the Hangzhou Bay, it is the world's longest and widest multi-pylon cable-stayed bridge. Ningbo Port Group and APM Terminals have signed an agreement to jointly invest in and operate berths 3, 4 More >> and 5 at the Chinese port’s Meishan Container Terminal. Construction Begins on Last Major Offshore Facility The deal reflects a 75 percent investment by Ningbo (FPSO) for Ichthys Port Group and a 25 percent investment by APM Inpex Corporation | 8-June-2013 Terminals, the port-operating arm of AP Moller-Maersk. The new facility is expected to be built and become The INPEX-operated Ichthys LNG Project (the Project) operational by Dec. 31, 2014. cut first steel yesterday for the hull of its Floating Production, Storage and Offloading (FPSO) facility in More >> Okpo, Korea.With fabrication of the hull underway, work on all of the Project’s major offshore facilities has commenced. The FPSO is being built by Daewoo Shipbuilding & Marine Engineering (DSME). The vessel will be used for condensate dewatering, stabilisation, www.amassfreight.com Copyright© 2012 AMASS 5 / 8 Maersk, Hyundai, Hapag Lloyd To Up Rates “ It would be a big challenge for the container Shipping The Sunday Leader | 17-June-2013 shipping industry to improve its performance before the end of next year,” Lu told the company’s annual Maersk Line has posted a decent $204 million profit in general meeting. the first quarter. Making a profit when Asia-Europe is a disaster and many other carriers are wallowing in red More >> ink is impressive The carrier could increase rates from their current level Evergreen Marine to implement cost control of $730 to $1,481 per TEU on July 1.
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