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China’s economy will continue with its recovery and the progress towards high-quality development, and the country will be capable to achieve its economic and social development targets for 2021, Fu Linghui, spokesperson of the country’s National Bureau of Statistics (NBS), shared with confidence at the bureau’s press conference on October 18.
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For the July-September quarter, capacity utilization rate among China’s industrial enterprises averaged 77.1%, up 0.4 percentage point on year but down 1.3 percentage points on quarter, partly as ferrous and nonferrous smelting and fabrication plants and automakers posted on-year declines, according to the release by the country’s National Bureau of Statistics (NBS) on October 18.
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Over January-September, China's gross domestic product (GDP) grew 9.8% on year to Yuan 82.3 trillion ($12.8 trillion) with the GDP growth for Q3 having slowed to 4.9% on year against the 7.9% on-year gain for Q2 or the 18.3% on-year rise for Q1, though all the key economic indicators stayed within reasonable ranges until September, the country's National Bureau of Statistics (NBS) shared on October 18.
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Over January-September, the growth in China’s fixed asset investment (FAI) trended down further to 7.3% on year to Yuan 39.8 trillion ($6.2 trillion), among which, that in the property market grew a lower rate too, up 8.8% on year to Yuan 11.3 trillion, and both saw their on-year growths slow since the start of 2021, according to the release by the country’s National Bureau of Statistics (NBS) on October 18.
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Over January-September, China's gross domestic product (GDP) grew 9.8% on year to Yuan 82.3 trillion ($12.8 trillion), and for July-September, the GDP grew 4.9% on year, or being lower than the 7.9% on-year gain for the second quarter or the 18.3% on-year rise for the first quarter, according to the
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Over January-September, China’s fixed asset investment (FAI) grew 7.3% on year to Yuan 39.8 trillion ($6.2 trillion), among which, that in the property market increased 8.8% on year to Yuan 11.3 trillion, both posting slower growths than over January-August, according to the release by the National Bureau of Statistics on
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Sydney, Shanghai 14 October 2021 – FEX
Global Australia and Mysteel today announced the signing of an agreement
whereby FEX Global will seek to settle certain FEX benchmark contracts against
the Mysteel IOSCO compliant price assessments, subject to regulatory approvals.
Brian Price, FEX Global Executive
Director, said “Mysteel has been assessing prices in the
domestic Chinese
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Over January-September, China’s Producer Price Index (PPI) gained pace further, up 6.7% on year, though it did not lead to a higher rise in Consumer Price Index (CPI), as the latter grew by just 0.6% on year, or the same as in the first eight months, according to the data released by the country’s National Bureau of Statistics (NBS) on October 14.
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Japan’s core machinery orders from domestic users other than shipbuilders and power equipment makers declined by 2.4% on month in value to Yen 839.3 billion ($7.4 billion), according to a release by the Japanese government’s Cabinet Office on October 13.
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China’s coal-fired power houses will be allowed to execute the 20% fluctuation in their charges against the base price to non-essential use starting October 15, according to an announcement by China's National Development and Reform Commission (NDRC) announced on October 12, which is just one week after the remarks by the Chinese Premier Li Keqiang at the State Council executive meeting on October 8 to help ease power supply crunch in China.
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Over January-September, China's foreign trade value surged 22.7% on year to Yuan 28.33 trillion ($4.4 trillion), and both exports and imports values enjoyed similar growths, as the former gained 22.7% on year to Yuan 15.55 trillion, and the latter up 22.6% on year to Yuan 12.78 trillion, according to the release by the country's General Administration of Customs (GACC) on October 13.
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Over January-September, China's foreign trade value grew by 22.7% on year to Yuan 28.33 trillion ($4.4 trillion), among which, exports value gained 22.7% on year to Yuan 15.55 trillion, and imports grew 22.6% on year to Yuan 12.78 trillion, according to the data released by the country's General Administration of
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The performance of China’s automotive industry declined on year for the fifth consecutive month in September, with automotive sales and production dropping by 19.6% and 17.9% on year respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on October 12 showed.
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Japanese demand for carbon and special steel in ‘crude’ steel equivalent for both domestic sales and export will rise 0.8% on quarter during the present October-December period to 24.11 million tonnes, according to the latest forecast released by Japan’s Ministry of Economy, Trade and Industry (METI) on October 8.
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China’s State-owned Asset Supervision and Administration Commission (SASAC), has been busy during the National Day holiday over October 1-7 to liaise with domestic coal, electricity and heating suppliers to ascertain power and heating services to the households in the upcoming winter months, according to a few SASAC posts over October 1 and October 3.
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For September, China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry fell into the contraction zone for the first time after 18 months in expansion, or down 0.5 basis point on month to 49.6, with all the five key sub-indices including production, new orders, and raw materials procurement below 50, China’s National Bureau (NBS) of Statistics shared in the report on September 30.
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In September, China's Purchasing Managers' Index (PMI) for steel industry recovered from a three-month decline, up by 3.2 basis points on month to 45, though still in the contraction zone since June 2020, as domestic steel production fell but demand recovered, and steel prices increased, the official index compiler - CFLP Steel Logistics Professional Committee (CSLPC) - shared in the release on September 30.
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The on-year growth in Chinese automakers’ total profits already slumped to a single digit by the end of August, up 5.5% on year for the first eight months against the 19.7% on-year increase over January-July, the China Association of Automobile Manufacturers (CAAM) pointed out in a post on September 28.
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Nippon Steel, Japan’s largest integrated mill, will not produce crude steel at Kure area of Setouchi Works in western Japan anymore with the second and the also the last blast furnace shut down on September 29 as planned as part of the corporate restructuring, a company official confirmed on Wednesday.
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China’s sizable industrial firms posted a 49.5% on-year rise in their gross profits over January-August, totalling Yuan 5.61 trillion ($868 billion), which was also up by 42.9% from the corresponding period in 2019, indicating the sustained improvement in financial performance, the country’s National Bureau of Statistics (NBS) announced on September 28.
