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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 output of raw coal edged up by a tiny 0.4% on year to reach 812.6 million tonnes over January-March, while that for coke surged by 7.3% on year to 112.1 million tonnes, according to data tabled by the country’s National Bureau of Statistics (NBS) 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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Over January-March,China’s output of raw coal edged up 0.4% on
year to 812.6 million tonnes, and the coke output increased
7.3% on year to 112.2 million tonnes. A detailed report will be posted
soon.
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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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China's coal imports fell 1.8% on year to 74.6 million tonnes over January-March, and its coke and semi-coke exports fell 8.3% on year to 2 million tonnes over the period. A detailed report will be published soon.
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China will remain reliant on coal as its major energy supply source over the longer term, despite Beijing’s efforts to reduce the proportion of coal in the country’s overall energy supply mix. That was the view of delegates attending the 2019 China Coal Market Annual Conference & Global Seaborne Coal Market Summit in Shanghai over April 10-11.
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China has indicated its preference for efficient, safe, and eco-friendly coal industry in its “Guiding Catalogue for the Adjustment of Industrial Structure” draft for public review on April 8-May 7, according to a release by China’s National Development and Reform Commission (NDRC) on April 8.
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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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The trend in Chinese steel exports seems to be shifting more towards indirect sales in items such as machinery bound for export and away from the direct sales model, Zhong Shaoliang, chief representative of the Beijing office of the World Steel Association (WSA), observed on March 29 at the 17th International Steel Market and Trade Conference on March 29 in Nanjing in East China’s Jiangsu province.
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China’s real steel situation has been of great interest to the delegates of the 17th International Steel Market and Trade Conference on March 27-29 in Nanjing in East China’s Jiangsu province, with the seemingly abnormal high rises in the country’s steel production since 2018 and the steel exports in January-February.
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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.
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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
