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China's total energy consumption continued growing over January-September, rising by 7.3% on year, according to data from China's National Bureau of Statistics (NBS) published on October 19. However, affected by energy use and intensity control, the growth slowed by 7.3 percentage points and 3.2 percentage points from Q1 and H1 respectively. Meanwhile, the country's energy consumption per GDP unit – or energy intensity – dropped 2.3% on year, which was wider by 0.3 percentage point from H1.
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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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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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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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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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Over January-August, China’s production of four key electrical home appliances including air-conditioners, televisions, washing machines and refrigerators posted further slow-downs in growths or an on-year decline for television, and three of the four posted on-year declines in output for August, according to the data released by China’s National Bureau of Statistics (NBS) on September 17.
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China’s energy production continued to increase overall in August, according to data from China’s National Bureau of Statistics (NBS) released on September 15, with growth in clean energy output maintaining a faster pace with the exception of hydro power generation.
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Over January-August, China’s fixed asset investment (FAI) grew 8.9% on year to about Yuan 34.7 trillion ($5.4 trillion), among the total, the funding in the property market increased 10.9% on year to Yuan 9.8 trillion, both posting slower growths than those over January-July, Mysteel Global noted from the data released by the country’s National Bureau of Statistics (NBS) on September 15.
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Over January-August, China's fixed asset investment (FAI) grew 8.9% on year to Yuan 34.7 trillion ($5.4 trillion), and among which, the funding in the property market increased 10.9% on year to Yuan 9.8 trillion, both being slower than growths over January-July, according to the release by the National Bureau of
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The performance of China’s auto industry declined for the fourth consecutive month in August, with automotive sales and production dropping by 17.8% and 18.7% on-year respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on September 10 showed.
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Over
January-August, China's foreign trade value grew by 23.7% on year to Yuan24.78 trillion ($3.8 trillion), among which, exports value
gained 23.2% on year to about Yuan 13.57 trillion, and imports grew 24.4% on
year to Yuan 11.22 trillion, according to the release by the country's
General Administration of Customs on September 7. A
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By August, the Purchasing Managers’ Index (PMI) for China’s manufacturing industry had slipped for the fifth consecutive month, down another 0.3 basis point on month to 50.1, though the index had been in the expansion zone for 18 months, according to the latest release by China’s National Bureau of Statistics (NBS) on August 31.
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Over January-July, China’s production of the four most popular home appliances grew on year, though at the slower pace of 0.2-29%, as against the 5.6-33.5% on-year rise during the January-June period, the latest data released by China’s National Bureau of Statistics (NBS) on August 19 show. The seven-month average was dragged down by a poor July, Mysteel Global noted.
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Domestic bulk commodities prices are closely correlating with the global prices and in general, global bulk commodities prices will probably be hovering high for some time, Fu Linghui, spokesperson of China’s National Bureau of Statistics (NBS) commented at the bureau’s press conference on August 16.
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In July, China’s domestic economic performance met the expectation, with employment and goods prices in general stable, all the major economic indicators within their reasonable ranges, and the national economy, thus, having continued with the trend of steady recovery, the country’s National Bureau of Statistics (NBS) summarized when releasing the latest data on August 16.
