1) Key Chinese economic indicators in October 2009 showed signs of recovery from the global financial crisis, with lower inflation, moderate growth in property and retail sales, and rebounding industrial production and exports. 2) China's foreign reserves continued growing in October, reaching over $2.2 trillion, a 19.3% increase from the previous year. 3) The purchasing managers' index for both manufacturing and non-manufacturing sectors remained above 50, indicating expansion.

1. ECONOI,I lC I ll Dl CATO R5
Key indicators RMB exchange rates
Nov 17 oct 15 % change
Oct sep 2008
2009 2009 lfutt yearl USD 6.827 6.827 0
Consumer price index (y/y % changel 0.5 -0.8 5.9
0.077 0.07 5 .5U
JPY
EO -7.0 6.9
Producer price index (y/y % changel EUR 10.229 10.21 3 u.t3
Urban property prices index* {y/y % change} 3.9 2.8 6.5 .491 11.160 2.97
GBP 11
Retait sates IUS$bl 171.6 159.8 1,589.1
Stock market indexes
Retait sates growth {y/y % changel 16.2 15.5 21.6
NoY 17 oct 16 % change
lndustriat output (US$bl 726.5 7 /r2.1 7,201,.1
25.5
3,282.89 2,976.63 ',A.29
lndustriat output growth (y/y % changel 19.1 12.9
15.9 1,428.6 CSI 300 tShanghai & Shenzhenl 3,628.35
Exports (US$b) 1 10.8 1
-13.8 -1 0.1 17.2 Hang Seng lHong Kongl 22,914'15 21 ,929.98 L.r,9
Exports [y/y % change)
3,732.05
- ^:
33.1 HSCEI IHong Kongl 1
lmports (US$b) 85.8 103.0 1 ,1
lmports [y/y % changel -6.tI -3.5 18.s FTSE/Xinhua China 25 lndex
Foreign reserves (US$b] 2,2',12.6 1,946.0 Highest performers for the month to Nov 1 7
Foreign reserves [y/y % change] 19.3 27.3 PricelHK$l Changel %l
Name
New bank tending {US$bl 37.1 75.7 610.8 13.86 27.62
China CoaI Energy
New bank tending (y/y % change) 39.1 38.0 13.7 6.97 23 3:
China Citic Bank
Urban fixed-asset investment [y/y % change] 73.9 t6. I
22.25
China Merchants Bank
Actuat FDI inftows IUS$b] 7.1 19.0 92.t+
tcBc 6.92 l
w
*:i3r*35":g3l**"1T:: *
Quarterty GDP
Top share offerings &
Trade date Name Proceeds IUS$ml
03 09 02 09 01 09 04 08 03 08
(600999.SH1 1,628.t*0
t
Nov11 China MerchantsSecurities
Fx
GDP IUS$b} 1 ,143 1,085 963 1,357 1,07
Evergrande Rea[ Estate Group 13333.HK) 729.3
Oct 30
GDP growth {y/y % changel 8.9 7.9 6.1 6.8 9.0
395.4
Nov 6 Jiangsu Yanghe Brewery (2304.S21
Minqfa Group [8/,5.HKl 277 .6
Purchasing Managers' lndex Nov 13
Total llrom 45 ofleringsl 7,084.40
PMI manulacturing october 2009 September 2009 Data:oct 21 - Nov 17
55.2 54.3
PMI manufacturing [overatl.] Top investment deatg
56.8
New orders 58.5
Acquirer Value Target
59.3 58.0
Date Target
lus$ml sector
Production
EmpIoyment 52.t- 53.2 Domesiic 14&A
Supptier detivery 50.7 51.0 Guitherme Htdg fHong Megaunion o,1o E Rea[
Stel.l.ar
OctZT Corp estate
K0ng l.
Raw materiaI inventory l+9.0 l+7 .9
Beiling Capitat Times Beijing Huarong Real
53.3 10 396.1 estate
New export orders 54.5 Nov
5quare lnlrastructure
Pu rchases 58.0 58.4
Tianjln Port, Jing
/.6.0 An Ind Corp,
Finished goods inventory l+3.11
Nov 4
. Bosera Asset
Shanghai Shengye 384 9 Financiats
57.5 Managemenl
Buy-up prices 56.9 Asts Mgrnt, Fengyi
lnd Dev Corp
lmports 52,8 50.7
48.5 lnbound ll&A
Overstock orders 50.0
Panyu Zhujiang Reat Hopeson Hotdings
PMI non-manufacturing October 2009 september 2009 Nov 2 509.8 Reatestate
tslate IHK)
Business activity 62.1 58.9
Nov /+ Zhejiang Tianpan Bio-pharm Novartis AG (Swil 121+.5 Health care
New business 56.7 55.2
outbound l.l&A
51.9 l+7 '5
New export orders
Nov 6 AES Corp lUSl Chinalniedrnent0orp 1,581.3 Energy
lnput prices 55.0 56.6
AES Coro - wind China lnvestment 571.0
52.9 53.t Nov 6 generation lUSl Corp
Enerqv
Emptoyment
Source NBS, CEIC. CFLP,SAFE55E, HKSE, Thomson Reders
* ksets Date:oct 21 - Nov 17 **"._*
:
i{l .
v Chlna Fconomic Review December 2009