CPI increase 5.6% in July, China faced the pressur
2007-8-20
The National Bureau of Statistics of China published the CPI (consumer price index) of July on 2007-8-13 . After an increasing of 4.4% in June, July's CPI raised 5.6%, 4.6% higher than the same period of last year. This is the highest point in the passed ten years.
This 5.6% is composed of a 5.3% hike of in city and 6.3% in rural; a 15.4% hike in food price and 0.9% in non-food ; a 1.6% hike in consumer goods' price, 1.6% in service's price.
In the 15.4% hike of food price, grain price contributes 6.0%, grease 30.1%, meat and related goods 45.2%, egg 30.6%, aquatic product 5.4%, vegetable 18.7% and condiment 4.5%, but fruit's price drops 12.2%,.
From January to July, the CPI increased 3.5%, which is 2.3% higher than the same period of last year
Data from the National Bureau of Statistics of China on 2007-8-10 shows that July's PPI (producer price index) goes up 2.4%, lower than June's 2.5%
Totally, many factors pushed CPI up so fast, in which food price is the main power, price of real estate is another important reason, the hike of rural is higher than city, pressure from international market also shift to the domestic at last, etc.
Recently, State Environmental Protection Administration of China (SEPA), in association with People's Bank of China and China Banking Regulatory Commission suggested a list of regulations for environmental protection, through controlling risk of bank credit loan. This newly suggested report is aim to curb blind expansion of pollution-intensive industries, especially those high energy-consumption properties. Till now, 30 corporations including Bengbu Agrochemicals Factory, Tongling Tongguanshan Chemicals were first to be blacklisted. We believe that more names will be published soon or later.
SEPA emphasized Green Credit Policy as a modern trend to ensure environmental conservation and citizen civilization. All illegal enterprises which do not reach the target of environment protection regulations will not be sponsored with any kind of financial support from banking corporation. In consequence, many manufacturers will face mass financial pressure to operate normal production.
In 2006, China 's industrial added value is over 49% of its GDP, by the first half year of 2007, industrial added value gained another 18.5%. As a result, China is trying to control these rapid growing industries. (http://chinanews.com.cn)
38 plants are closed by Chinese EPA temporarily
2007-7-3
State Environmental Protection Administration of China published the name of 38 enterprises which cause serious pollution in area of Yangtzi River, Yellow River, Huaihe River and Haihe River. All plants are closed temporarily till their waste water could be treated successfully. In the future, the application of all newly invested enterprises in this area will limitedly approved. (http://www.zhb.gov.cn)
In the 38 enterprises, Sichuan Chuantou Electrometallurgy Co.,Ltd (CTEC) Yellow Phosphorus Plant is the biggest manufacturer of yellow phosphorous in China, and annual sales in 2006 is 83,300mt. (http://cna.chemnet.com), Inner Mongolia Haiji Chlor-alkali Chemical Co. Limited is a big manufacture of basic chemicals, such as Chlorine, Caustic Soda and Carbide. Shanxi Fengxi Fertilizer Group Co. limited linyi Branch is one of top 100 chemical plants in China, and producing Synthesized Amine 300,000mt, Urea 550,000mt, methanol 50,000mt, fertilizer 50,000 and liquid carbon dioxide 5,000mt, annual sales is around usd100,000,000. (http://www.sxwhaj.gov.cn). Wuhu Ronghui Chemical Co. Limited is second manufacturer of chlorine and alkali in Anhui Province and annual sales is more than usd100,000,000.
