In Oct. 2011, China's manufacturing PMI fell back to 50.4%, with a great decline in import/ export order index and purchasing price index, and an increase in product inventory index. It indicates a relief of the inflation in China accompanied by an adverse external economic environment.
Meanwhile, China's CPI decreases for the third consecutive month and reaches 5.5%. In this case, Premier Wen Jiabao said on 25 Oct. the government would further fine-tune its macroeconomic policy by an appropriate degree at an appropriate time.
China's listed companies are under the inspection of Environmental and Social Responsibility now, and the companies to be listed must pass the Environmental Impact Assessment first, according to the 12th Five Year National Environmental Protection Plan released by the Ministry of Environmental Protection (MEP) on 9 Nov. 2011. China aims to reduce its CO2 emission per GDP by 17% between 2011 and 2015.
In the TiO2 industry, Sichuan Lomon and Shandong Dongjia successively attempted IPO in Nov. 2011. In addition to the strict environmental protection requirements, they also face the challenge of TiO2 price decrease in domestic market that lasts for four months due to the weak demand.
Exchange rate in Nov. 2011:
USD1=RMB6.33=EUR0.73
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