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Industrial growth in China’s ferrous smelting and processing sector in April jumped by 11.5% on year, according to the latest data from China’s National Bureau of Statistics released on Wednesday. The figure was also some 3 percentage points higher from that in March and took the average over the first four months of this year to a fairly robust 8.9% on year, the statistics show.
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China will raise the tariffs on some of the $60 billion worth of the US goods to a maximum of 25% starting June 1, according to an announcement from Customs Tariff Commission of the State Council on the evening of May 13 Beijing time.
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China’s crude steel output rose at a fast pace of 10.1% on year over January-April to reach some 315 million tonnes, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on May 15.
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China’s fixed asset investment (excluding rural households) over January to April grew by a healthy 6.1% on year to Yuan 15.57 trillion ($2.3 trillion), though growth over the four months slowed by 0.2 percentage point compared with January-March, according to new data from China’s National Bureau of Statistics released on May 15.
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China's fixed asset investment in general grew 6.1% on year to Yuan 15.57trillion ($2.3trillion) for January-April and the funding into the property market went up 11.9% on year to Yuan 3.4 trillion during the period. A detailed story will be posted soon.
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China's crude steel output grew 10.1% on year to nearly 315 million tonnes with the April volume up 12.7% year on year to about 85 million tonnes. A detailed report will be posted soon.
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China will raise the tariffs on some of the $60 billion worth of the US goods to a maximum of 25% starting June 1, according to an announcement from Customs Tariff Commission of the State Council on the evening of May 13 Beijing time.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry nudged down 0.4 basis point on month to 50.1 for April, just above the threshold of 50 connoting expansion, according to Tuesday’s official release from China’s National Bureau of Statistics.
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China’s fixed asset investment in the domestic property market rose by 11.8% year on year to Yuan 2.38 trillion ($355.2 billion) over January-March, though the rate of growth was only 0.2 percentage point higher from that during January-February, according to the latest data from China’s National Bureau of Statistics published on April 17.
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China’s gross domestic product (GDP) grew 6.4% on year to Yuan 21.3 trillion ($3.2 trillion) for the first quarter of 2019, kicking off the year with a positive and steady note, according to the latest release by the country’s National Bureau of Statistics (NBS) on April 17.
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China's crude steel output grew 9.9% year on year to 231 million tonnes for January-March. A detailed report will be posted soon.
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China's fixed asset investment in the property market went up 11.8% on year to Yuan 2.38trillion ($355 billion) over January-March. A detailed report will be posted soon.
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China's GDP grew 6.4% on year in the first quarter of 2019, falling in its annual target at 6%-6.5% for the whole 2019. A detailed report will be posted.
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China's fixed asset investment in general grew 6.3% on year to Yuan 10.2 trillion ($1.5 trillion) for January-March. A detailed story will be posted soon.
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Sales of construction equipment recorded by China’s 25 leading excavator makers totalled 44,278 units in March, up by a significant 15.7% on year, according to the latest statistics released by the China Construction Machinery Association (CCMA) on April 8.
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Chinese domestic sales of heavy trucks in the 14- to 100-tonnes class reached an all-time high in March, traditionally the best month for heavy truck business, with total sales reaching 144,000 units, according to the latest release by Beijing-headquartered Commercial Vehicle World (CVWorld) on April 1. The result marked an increase of 4% on year and an 85% leap from February, it noted.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry returned to the expansion zone in March, having rebounded 1.3 basis points on month to 50.5, and both the production and demand recovered, according to the release by China’s National Bureau of Statistics (NBS) on March 31.
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Chinese steel traders are making the best of the last few days of March to profit by selling their inventories at the price still including 16% VAT but issuing invoices next month when the VAT will be revised to 13% starting April 1, Mysteel understands from the market.
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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.
