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China’s two top-level political annual sessions every March are always of great significance in understanding the country’s economic planning for the very year and China’s Premier Li Keqiang sent out a firm and strong signal last Friday, immediately after both the events were concluded, that the country is capable of maintaining its economic growth within a reasonable range and achieving stability in 2019.
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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 (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 has been progressing steadily in the shift towards eco-friendly energy consumption model by having further reduced coal proportion in energy consumption by 1.4 percentage points on year to 59%, according the latest statistics from China’s National Bureau of Statistics (NBS).
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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 fixed asset investment (FAI) is expected to stabilize in 2019, following the large 15.5% jump in the number of proposed projects being approved in 2018 compared with 2017, according to a recent report on FIA by National Development and Reform Commission published on February 26.
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The US President Donald Trump announced his decision on his twitter to delay imposing the heavier 25% duties on the existing batch of Chinese goods worth $200 billion beyond March 1.
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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 energy consumption structure has been in the progress of optimization with the ratio from thermal coal down further by 1.4 percentage points on year for 2018 though the total consumption grew 3.3% on year, according to the latest release from the country’s National Bureau of Statistics (NBS).
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China’s fixed asset investment (excluding rural households) gained 5.9% on year to Yuan 63.56 trillion ($9.36 trillion) for the whole 2018, with the growth being flat from the first eleven months, according to the latest data released by China’s National Bureau of Statistics 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.
