Chinese Economic statistics at a glance
Chinese economy is finally slowing down its pace. Low level of industrial activity in China has made it clear that world economy is stalling. And it is very much evident that some major economies are going to get hit by this sluggishness in China, like if we look at current economic reports Australia which is struggling now.
China’s 1-year benchmark interest rate at 6.31% compares to a 1996-2010 average of 6.49%, with a high during that period of 10.96% in June 1996 and a low of 5.31% in February 2002.
China was clearly increasing the rate in the build up to the 2008 world stock markets crash, as they apparently saw overheating. At this point,the rate is approximately in the middle between the level at which it began raising rates in the last cycle and the point at which rates topped out and world markets declined.
China’s 10-year government bonds at 3.84% compare to an average of3.57% from 2005 through the current time in 2011, with a high of 4.61%in July 2008 and a low of 2.70% in January 2009.
China’s inflation rate at 5.3% compares to an average of 4.25% from1994 through 2010, with a high of 27.7% in October 1994 and a low of negative 2.2% in March 1999. The inflation is above average now, and on an upward slope.
China’s monthly balance of trade was surplus $11.04 billion in April 2011,and is estimated to be $155.69 billion on an annual basis.
China’s industrial production in April grew at an annual rate of 13.4%compared to an average of 13.46% from 1990 through 2010, with a high of 29.6% in August 1994 and a low of negative 21.1% in January 1990.
China’s GDP growth rate was 9.7% in Q1 compared to an average of9.3% from 1989 through 2010, with a high of 14.2% in December 1992and a low of 3.6% in December 1990.
China’s GDP is on a steady march, and at $4.9 1 trillion represents 7.9% of world GDP. In 1960, China GDP was $46.5 billion. Those numbers compare to the United States which currently has a GDP of $14.3 trillion accounting for 23% of world GDP. In 1960, the United States GDP was $521 billion.
China’s per capita income is $1,965 compared to an average of $94 from1960 through 2008, with a high of $1,965 now and a low of $72 in 1960.
China’s per capita income on a PPP (purchasing power parity) basis is$5,971 compared to an average of $1,857 from 1960 through 2008, witha high of $5,971 now and a low of $250 in 1960.
Percentage Performance Comparison: ETFs and Indexes:
On an 8 year basis, the Hong Kong ETFs and the Hong Kong / China indexes beat the S&P 500. On a 4 year basis, each except Shanghai, beat the S&P 500. On a 1 year basis, only the Hong Kong ETF beat the S&P 500 index.
Longer term the general expectation is for China to once again outperform, but it is not happening at this time.
8 Years Monthly
4 Years Weekly
1 Year Daily
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