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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.
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Many economic sectors in China including those of consumption, industrial production and investment showed more positive signs of returning to their normal tracks by the end of August, according to a series of highlights published individually 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) still declined on year but narrowed to0.3%, and the funding in the domestic property market grew faster by4.6%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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Production and sales of automobiles in China both witnessed on-year rises for the fifth successive month in August, mainly thanks to the stabilizing economy and a series of policies aimed at stimulating purchasing, according to the latest release from the China Association of Automobile Manufacturers (CAAM) on September 10. Market sentiment also largely improved last month, the association noted.
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In the first eight months of 2020, China imported more energy products such as crude oil,natural gas and coal,according to the latest statistics from the country’s General Administration of Customs published on September 7, and the slowing global economy had sent prices lower.
For crude oil, China imported 368 million tonnes
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Over January-August, China’s total foreign trade value dipped 0.6% on year, which narrowed further by 1.1 percentage points from that for the first seven months, but the imports values for both August and the first eight months decreased on year, the latest statistics from the country’s General Administration of Customs on September 7 showed.
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China Molybdenum Co. Ltd, a world’s leading miner of base and minor metals, posted its net profit up 24.7% on year to Yuan 1 billion ($146 million) for the first half of 2020, and tungsten and molybdenum were with the highest profitability of 38% despite their price declines, as reported by its interim report released on August 31.
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China’s sizeable industrial firms still posted a 8.1% on-year decline in their gross profits for the first seven months of 2020, though the drop narrowed by 4.7 percentage points from that in the first half of 2020, according to the latest release by the country’s National Bureau of Statistics (NBS) on Thursday.
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China’s production of air-conditioners in July increased 6% on year to 18.5 million units, according to the latest data from China’s National Bureau of Statistics (NBS). However, the July result represented a large decline of 6.4 million units or 25.7% from June, Mysteel Global noted.
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China’s industrial growth continued to recover in July, rising by 4.8% on year, with operations and production in different industries further resumed, according to the latest release of China’s National Bureau of Statistics (NBS) on August 14. Happily for China’s steel industry, the manufacturing sector led the industrial growth.
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China’s fixed asset investment (FAI) still declined by 1.6% on year over January-July, but it narrowed from the 3.1% drop in the first half, and the funding in the domestic property market grew 3.4% on year by July against the 1.9% on-year growth in H1, indicating continuing recoveries in July, according to the latest data from China’s Bureau of Statistics (NBS).
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Over January-July,China’s fixed asset investment (FAI) still declined on year but narrowed to1.6%, and the funding in the domestic property market gained a further 3.4%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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China’s total foreign trade value in Chinese Yuan still declined 1.7% on year over this year’s first seven months, though the drop narrowed by 1.5 percentage points from the first half of 2020 on the continuing improvement in July, the latest data from China’s General Administration of Customs (GACC) showed.
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China’s production and sales of new energy vehicles (NEVs) saw their first year-on-year growth this year in July, rising by 15.6% and 19.3% respectively, according to the latest statistics of the China Association of Automobile Manufacturers (CAAM) published on August 11.
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China’s copper concentrates and ores imports grew0.4% on year to12.6million tonnes over January-July, according to the latest statistics from the country's General Administration of Customs. A detailed report will be posted soon.
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China’s production of the four major household appliances declined by 12% on year during January-June, affected by the decline in demand due to the COVID-19 outbreak. However, production of the four white goods – air-conditioners, refrigerators, washing machines and televisions – rose during the past two months given better-than-expected export demand and manufacturers stocking up products for summer sales, Mysteel Global noted.
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China’s gross domestic production (GDP) returned to a positive growth of 3.2% on year in the second quarter, enabling the country’s GDP for the first half of 2020 still declined but at 1.6% on year against the 6.8% on-year decline for the first quarter of 2020, according to the latest official data.
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China’s fixed asset investment (FAI) and the funding in the property market both grew further by June, and the former, thus, still dropped but by 3.1% on year for H1 against the 6.3% on-year drop over January-May, and the latter up 1.9% on year from a 0.3% annual fall until May, according to the latest official data.
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Over January-June,China’s fixed asset investment (FAI) still declined on year but narrowed to3.1%on year, and the funding in the domestic property market returned to a positive growth of1.9%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
