National Development and Reform Commission of the People's Republic of China (NDRC)

Yeah, what a mouthful

They're on the wires ... (Bloomberg and Reuters)

  • China fails to meet H1 coal, steel overcapacity cut goals
  • But the overcapacity cuts progressed faster in July
  • No major changes in China's economic fundamentals in H2
  • China July power consumption +8.17 pct y/y
  • China January - July power consumption up 3.6 pct yr/yr
  • Confident CPI target of 3 pct will be achieved
  • Says second-half inflation growth to ease from first half of year
  • Says decline in PPI to also ease


  • Plans 137 major projects to support NE China