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China will reduce the value-added tax (VAT) which manufacturers currently pay to 13% from April 1 from the 16% currently in place, Chinese premier Li Keqiang told media representatives at a press conference on Friday morning following the conclusion of the “Two Sessions” political meetings convened in the capital over the past two weeks.
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China's premier Li Keqiang disclosed at the ongoing press conference in Beijing on the morning of March 15that the value-added tax on the domestic manufacturers will be cut to 13% from the present 16% with effect on April 1. A detailed report on the press conference will be posted once
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China’s fixed asset investment in China’s property market grew 11.6% on year to Yuan 1.2 trillion ($179 billion) over January-February, with the increase being 2.1 percentage point higher than that for the whole 2018, and the funding accounted for 27% of the country’s total fixed asset investment, according to the latest release by the country’s National Bureau of Statistics on March 14.
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China’s fixed asset investment (excluding rural households) increased 6.1% on year to nearly Yuan 4.5 trillion ($670 billion) for January-February, with the growth rate also up 0.2 percentage point from that for the whole 2018, according to the latest data released by the country’s National Bureau of Statistics on March 14.
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China's fixed asset investment in general grew 6.1% on year to Yuan 4.5 trillion for January-February. A detailed story will be posted soon.
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China's crude steel output grew 9.2% on year to 149 million tonnes for January-February. A detailed report will be posted soon.
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China's fixed asset investment in the property market went up 11.6% on year to Yuan 1.2 trillion ($179 billion) over January-February. A detailed report will be posted soon.
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China’s Premier Li Keqiang drafted a few economic development targets including a gross domestic product (GDP) growth at 6-6.5% and proposed a series of measures to support the domestic economic performance for 2019 when delivering his government report at the National People’s Congress annual session on March 5.
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China’s total imports of copper concentrates and ores in January surged 17.8% on year to some 1.9 million tonnes, according to official data released by China’s General Administration of Customs on February 14. Last month’s total imports were also 29.5% up on the December 2018 level, Mysteel calculated.
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For January, China’s imports of coal and lignite surged 19.5% on year to 33.5 million tonnes, and the exports of coke
and semi-coke grew 4.4% on year to 716,000 tonnes. A detailed
report will be posted.
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China's January iron ore imports decreased 9.1% on year to 91.3 million tonnes. A detailed report will be posted.
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China’s January copper concentrates and ores imports grew 17.8% on year to 1.9 million tonnes.A detailed report will be posted.
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China’s gross domestic product (GDP) scored a year-on-year 6.6% growth for 2018 with the total value exceeding Yuan 90 trillion ($13.2 trillion), outperforming the target at 6.5%, according to the latest release from the country’s National Bureau of Statistics (NBS) released on January 21.
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China's auto manufacturing fell 3.8% on year to about 28 million units for 2018. A detailed report will be posted.
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China's coal production including thermal and metallurgical coal grew 5.2% on year to 3.55 billion tonnes for 2018, and that for coke grew 0.8% on year to 438.2 million tonnes. A detailed report will be posted.
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China's finished steel output grew 8.5% on year to 1.105 billion tonnes, exceeding the benchmark of 1 billion tonnes for the first time. A detailed report will be posted.
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China's crude steel output grew 6.6% on year to 928.3 million tonnes for 2018. A detailed report will be posted.
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China's fixed asset investment grew 5.9% on year for 2018, and that into property sector up 9.5%. Detailed reports will be posted.
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China's 2018 GDP grew 6.6% on year, within expectation. A detailed report will be posted.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry fell for the fourth consecutive month, down 0.6 basis points on month to 49.4 for December 2018, though that for the whole 2018 averaged 50.9, managing to stay in the expansion zone, according to the latest release by China’s National Bureau of Statistics (NBS) on December 31.
