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The power supply constraints in the southern part of China, particularly in Guangdong and Yunnan provinces, had eased by mid-June thanks to power rationing to industrial enterprises, additional transmissions from the national grid, and increases in generation capacity utilization among local power stations, according to Meng Wei, the spokesperson of the National Development and Reform Commission (NDRC).
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China’s National Development and Reform Commission (NDRC) has publicized a 10-page trial version of regulations regarding commodities and service pricing indices compilation, release, maintenance, assessments, ownership transfer and discontinuation on June 17 on its website, which will be effective on August 1 for three years, with the aim to better maintain the related market orders and regulate the bulk commodities prices.
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China’s fixed asset investment (FAI) increased 15.4% on year over January-May to approximately Yuan 19.4 trillion ($3.03 trillion), and among the total, the funding in the property market grew faster by 18.3% on year to Yuan 5.43 trillion, according to the release by the country’s National Bureau of Statistics (NBS) on the afternoon of June 16.
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China's fixed assest investment grew 15.4% on year to Yuan 19.4 trillion ($3.03 trillion), among which, the funding in the property market amounted to Yuan 5.4 trillion, or up 18.3% on year, according to the latest release from the country's National Bureau of Statistics on the afternoon of June 16.
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Various changes in China’s auto sales and manufacturing in May suggested that the country’s auto consumption especially for passenger cars had returned to the pre-pandemic normal level, though new-energy vehicles (NEVs) had continued with its healthy growths, refreshing its monthly records in both production and sales, China Association of Automobile Manufacturer (CAAM) highlighted at its press conference on June 11.
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In May, both China’s auto sales and production reversed down on year after on-year gains since July 2020, respectively slipping by 3.1% and 6.8%, Mysteel Global noted from the latest data released by the China Association of Automobile Manufacturers (CAAM) on June 11.
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For the rest of this quarter and into Q3, prices of bulk commodities in China are unlikely to repeat the dramatic surges witnessed in April and May, though they may hover high with the possibility of spiralling down in the next few months, Mysteel’s research centre shared in a near-term outlook published on June 10.
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In May, China’s Consumer Price Index (CPI) felt barely a ripple of the Producer Price Index (PPI), as the country’s CPI went up 1.3% on year, despite that the PPI had surged 9% on year, according to the latest data released by the country’s National Bureau of Statistic (NBS) on June 9. Also, the former went down 0.2% on month while the latter increased 1.6% on month.
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Over January-May, China's foreign trade value grew by 28.2% on year to Yuan 14.76 trillion ($2.3 trillion), according to the latest release by the country's General Administration of Customs. Within the total, the value of the country’s exports gained 30.1% on year to about Yuan 8 trillion, and that of imports grew 25.9% on year to Yuan 6.7 trillion.
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Over January-May, China's foreign trade value grew by 28.2% on year to Yuan14.76 trillion ($2.3 trillion), among which, exports value gained 30.1% on year to about Yuan 8 trillion, and imports grew 25.9% on year to 6.7 trillion, according to the latest release by the country's General Administration of Customs.
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China’s Purchasing Managers’ Index (PMI) for its manufacturing industry stayed largely unchanged on month in May, or down merely 0.1 basis point from April to 51, or having been in the expansion zone since March 2020, according to the latest release from the country’s National Bureau of Statistics (NBS) on May 31.
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In May, China’s Purchasing Managers’ Index (PMI) for the steel industry recovered from a two-month fall, up 0.7 basis point to 46.1, according to the release by CFLP Steel Logistics Professional Committee (CSLPC) on May 31. A detailed report will be posted soon.
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China’s Purchasing Managers’
Index (PMI) for the manufacturing industry remained largely the same on month
for May, down merely 0.1 basis point from April to 51, according to the latest
release by the country’s National Bureau of Statistics. A detailed report will
be posted soon.
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Over January-April, China’s sizable industrial firms saw their gross profits more than doubled, or up 106% on year or 49.6% higher from the corresponding period of 2019, according to the latest release by the country’s National Bureau of Statistics (NBS) on May 27, indicating the strong growth in demand.
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China’s five top governing bodies including the National Development and Reform Commission (NDRC), the country’s top economic planner, held a meeting on the morning of May 23 with the major domestic enterprises in the sectors such as iron ore, steel, copper and aluminum industries on bulk commodities price surges so far in 2021, according to a NDRC posting on May 24.
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Chinese Premier Li Keqiang highlighted the importance of bulk commodities price stability again when chairing the State Council's executive meeting on May 19, calling for a close monitoring of the adverse impact brought by the surging bulk commodities prices.
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China’s national economy is still on the path of a steady recovery despite some data sets for April showing growth levels slowing from those in March, Fu Linghui, the spokesperson of the country’s National Bureau of Statistics (NBS) reiterated at the press conference on May 17 analysing the country’s economy until April.
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China’s fixed asset investment (FAI) grew 19.9% on year over January-April to approximately Yuan 14.4 trillion ($2.2 trillion), which was up 8% from two years earlier, according to the release by the country’s National Bureau of Statistics (NBS) on May 17. Among the total, that in the property market jumped 21.6% on year or by 17.6% compared with January-April 2019.
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Over January-April, China’s fixed asset investment grew 19.9% on year to 14.4 trillion ($2.2 trillion), among which the funding in the property market grew 21.6% on year to Yuan 4 trillion, according to the release by the country’s National Bureau of Statistics on May 17. A detailed report will be
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Sales and production of automobiles in China during April increased by 8.6% and 6.3% on year respectively, according to the latest release by the China Association of Automobile Manufacturers (CAAM) on May 12. Last month’s rises were much more sedate than the on-year surges in March of 74.9% and 71.6%, as Mysteel Global reported.
