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China’s production of the four mainstream electric home appliances continued with recovery in October, with refrigerator posting the sharpest 25.8% on year gain in production, according to the latest data from China’s National Bureau of Statistics (NBS), which was mainly due to robust demand from overseas, Mysteel Global noted.
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China’s economy has been improving steadily and despite uncertainties facing the global market, the government is confident about maintaining the consistent recovery and realizing the country’s development targets for 2020 by relying on its internal strength, Fu Linghui, spokesperson of the National Bureau of Statistics (NBS), shared at a press conference on November 16.
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China's fixed asset investment grew 1.8% on year over January-October, or 1 percentage point higher than that for the first three quarters, among which, the funding in the property grew 6.3% on year or 0.7 percentage point higher than the gain over January-September, according to the latest release by the
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In October, China’s auto sales persisted on the uptrend, up 0.1% on month or 12.5% on year to 2.6 million units, and among the total, new-energy vehicles (NEVs) sales grew more remarkably, jumping 13.9% on month or 104.5% on year, according to the latest data from the China Association of Automobile Manufacturers (CAAM) on November 11.
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China’s foreign trade value grew faster at 1.1% on year over January-October against the 0.7% growth for the first nine months, and both exports and imports showed the continuing improvement, with the former having increased faster by 2.4% on year and the latter narrowed the on-year decrease to 0.5% on year, the latest data from the country’s General Administration of Customs showed.
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Final data for last month’s sales of heavy trucks in China will likely show a 41% surge on year to around 129,000 units, even though compared with September, October sales fell by 14.3%, according to the latest report published by Beijing-headquartered Commercial Vehicle World (CVWorld) on November 2. Full-year sales would definitely exceed 1.5 million units, it predicted.
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Up to September, the profit of the sizeable industrial enterprises in China fell though the degree narrowed to 2.4% on year against the 4.4% on year for that over January-August, confirming that their performance had been improving continuously, according to detailed sharing by China’s National Bureau of Statistics (NBS) on October 27.
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More futures contracts in China will be allowed to seek the participation of international investors by China Securities Regulatory Commission (CSRC), as the country’s regulatory body has opened expressed its intention to promote dual circulation in the derivatives markets.
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Recent data from China’s National Bureau of Statistics (NBS) showed that the country continued to optimize its energy structure over January-September, as the proportion of coal in all energy consumed nationwide declined by another 0.5 percentage point on year during the first three quarters.
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With the steady progress achieved in China’s national economic recovery in the past three quarters, especially with a 4.9% on-year growth in the gross domestic product (GDP) for the third quarter, the trend is expected to persist in the last quarter, Liu Aihua, spokesperson of the country’s National Bureau of Statistics shared at a press conference on October 19.
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As expected, by the end of September on-year growth in China’s gross domestic product (GDP) returned to the positive zone, rising by 0.7% on year over January-September to Yuan 72.3 trillion ($10.8 trillion), the latest release from the country’s National Bureau of Statistics (NBS) showed. The July-September quarter GDP was also up 4.9% on year and up 2.7% on quarter.
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Over January-September, China’s fixed asset investment (FAI) returned to the positive zone, up 0.8% on year against the 0.3% on-year dip for January-August, and the funding in the domestic property market grew faster at 5.6% on year, according to the release by the country’s National Bureau of Statistics on October 19, both confirming a steady recovery in the Chinese economy.
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Over January-September, China’s fixed asset investment (FAI) increased 0.8% on year, back to the positive zone, and the funding in the domestic property market grew faster at 5.6% on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
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By the end of September, China's gross domestic product (GDP) returned to the positive zone, gaining 0.7% on year over January-September, as the GDP improved further in the third quarter, up 4.9% on year or 2.7% higher on quarter, according to the official release from the country's National Bureau of
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China's crude steel output grew 4.5% on year to about 782 million tonnes over January-September, according to the latest release by the country's National Bureau of Statistics.A detailed report will be posted soon.
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Both sales and production of automobiles in China saw significant on-year and on-month rises in September, mainly thanks to a series of stimulus policies and promotion activities to lift auto consumption according to the latest statistics from China Association of Automobile Manufacturers (CAAM) released on October 13. The longer-than-usual National Day holiday over October 1-8 also gave a fillip to September sales, Mysteel Global notes.
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China’s foreign trade value in terms of Yuan finally turned positive on-year by the end of September, recording a gain for the first time this year, the country’s General Administration of Customs (GACC) shared at a press conference on October 13, highlighting that during the third quarter, the country’s total trade value, and the values of imports and exports, were all at respective record highs.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry rebounded by 0.5 basis point to 51.5 in September after a slight dip in August, indicating that performance of the manufacturing industry improved this month, according to the latest release of China’s National Bureau of Statistics (NBS) on September 30.
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Among the four major electrical home appliances manufacturing in China, that of air-conditioner declined the most by 17.2% on month to 15.3 million units for August, though the volume was still 0.5% higher on year, according to the latest data from China’s National Bureau of Statistics (NBS), though market sources remained optimistic on higher production for the last quarter of 2020.
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China’s year-to-date power consumption grew in August, with the volume rising by 0.5% on year to 4.77 trillion kWh over January-August, according to new data from the National Energy Administration (NEA). The cumulative eight-month rise brought an end to the sustained drop since early this year, the data show.
