China Economy News and Report: June

1. Exports
China Exports surged almost 50% in May. This figure probably would not sustain longer as the country's biggest trading partner, Europe fell into debt crisis just triggered in May, warned by Analyst.
The export have rebounded to pre-crisis levels, about USD131.7B from USD120.5B compared to the year 2008. Export to Europe were also up by 34.4%.
The import growth slowed from its Apr Levels of 49.7%

2. Property Price
Home Price in China - 70 large and medium sized cities was rose 12.4% y-o-y in May. The growth rate in fact was lower 0.4% in Apr, as China Government measure was in property sector that shows effect to the first-tier cities such as Beijing, Shanghai and Shenzhen.

3. PMI
China PMI - Purchase Managers Indexes shows a slower expansion in manufacturing activities in May, whereby the index fell to 53.9 from 52.7 in Apr. Meanwhile HSBC China Manufacturing Purchasing Managers Index also fell to 52.7 in May, from 55.2 in Apr. This has triggered a concerns that recent tightening move stressed by China Government could probably lead to a double dip in domestic economy.
A PMI reading above 50 indicates growth, while the other way round indicates contraction.

4. 通涨
五月份居民消费价格较上年增3.1%，创19个月高点，超越四月份的2.8%，工业品出厂价格则由四月份的6.8%升至7.1%。

5. De-pegs Yuan to US Dollar
PBoc(Public bank of China) stressed  the prospect of greater flexibility rather than currency strength.  The Yuan now can rise of fall 0.5% against US Dollar, which allowed yuan to stage "mini-revaluations vis the market" in the medium terms. A Stronger Yuan will boost China import and improve global balancing. It also helps to reduce the threat of protectionism.  The decision actually signals the government confidence in Chine's economy.