-
China’s Purchasing Managers’ Index (PMI) for its manufacturing industry reversed up 0.3 basis point on month to 50.9 in June with major elements such as new orders and production posting gains on month, according to the release from the country’s National Bureau of Statistics (NBS) on June 30.
-
Chinese production of air-conditioners declined by 14.7% on year to 19.4 million units during May, according to the latest data from China’s National Bureau of Statistics, with the May result taking total production over January-May to some 78 million units, lower by 23.1% on year, the NBS data show. However, the pace of the decline had slowed marginally from the 24.8% decrease charted over the first four months.
-
The declines in China’s total fixed asset investment (FAI) and the funding in the property market slowed further by May, with the former down 6.3% on year over January-May as against the 10.3% on-year fall in the first four months, and the latter dipping 0.3% as against the 3.3% fall by April, according to the latest data from China’s National Bureau of Statistics (NBS) on June 15.
-
Over January-May,China’s fixed asset investment (FAI)dipped 6.3%on year, and that in the domestic property marketnudged down 0.3%on year, according to the latest statistics from the country's National Bureau of Statistics. A detailed report will be posted soon.
-
Better than expected, China’s auto sales rose on year and on month for the second successive month in May after a 21-month continuing drop, up 14.5% on year or 5.9% on month to 2.2 million units, mainly due to the government’s preferential policies and robust demand for trucks for infrastructure construction, according to the release from the China Association of Automobile Manufacturers (CAAM) on June 11.
-
China’s sales of excavators for both domestic and overseas customers for May had rose on year for the third successive month, up 68% on year, as end-users had been booking in anticipation of more construction projects in the coming months, according to the latest statistics from the China Construction Machinery Association (CCMA) on June 9.
-
For January-May, China’s foreign trade value declined more deeply by 8% on year than the 7.5% on-year fall for the first four months, as the foreign trade for May alone reversed down on month by 1.2% or down more sharply by 9.3% on year, according to the latest statistics in terms of the U.S. dollar from the country’s General Administration of Customs on June 7.
-
China’s imports of copper concentrates and ores grew 2.2% on year to 9.26 million tonnes over January-May, lower than the 4.9% on-year rise over the first four months, as the COVID-19 had disrupted supplies from the overseas miners, according to the latest data from China’s General Administration of Customs (GACC) on June 7.
-
China's foreign trader value declined 8% on year to $1.65 trillion over January-May, according to the latest statistics from the country's General Administration of Customs on June 7. A detailed story will be posted soon.
-
All of a sudden on June 3, WeChat and various Chinese news media became flooded with reports about the possible explosive reincarnation of street/night/flea markets across China – informal commercial venues that Beijing has been regulating for the past few years – and some companies seen as benefiting, such as manufacturers of vans capable of converting into mobile stalls, saw their stock prices spike the same day.
-
Japan’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry fell to 38.4 for May, a new low since March 2009 or having declined for the three month mainly due to the impact of the COVID-19 on the series of industrial activities, according to the release from au Jibun Bank Corporation on June 1.
-
China's PMI for the country's manufacturing sector eased 0.2 basis point on month to 50.6, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted.
-
Chinese manufacturers consumed 301.4 billion kw of power in April, up 0.1% on year and making for the first increase in electricity use for manufacturing seen so far this year, according to the latest China Electricity Council (CEC) data. The tiny increase nonetheless shows that manufacturers’ operations have been steadily recovering from the coronavirus onslaught, market watchers say.
-
The combined gross profit of enterprises in China’s auto industry surged 29.5% on year during April, according to the latest release by China’s National Bureau of Statistics (NBS) on May 27. The sector received a moderate boost from the rise in sales last month – reflecting the lift in demand that had been delayed by the battle against COVID-19 – but market sources warn that the handsome profits would be difficult to repeat.
-
Market feedback on notices just released by China’s National Development and Reform Commission (NDRC) on boosting home appliance sales and improving the recycling system for old appliances show the country’s determination to support the white goods sector and accelerate the pace of ‘green’ development.
-
China’s production of air-conditioners dropped by 24.8% on year over the first four months of 2020, though the pace of the decline slowed marginally from the 27.9% decrease seen during January-March, according to the latest data from China’s National Bureau of Statistics (NBS). Demand for the units has not fully returned, and concerns about retreating global demand and hovering high stocks saw makers continue to restrain production, market sources said.
-
China’s industrial growth reversed up to 3.9% in April, recovering from the year-on-year decline of 1.1% in March, thanks to the faster recovery of production among many domestic industries, including the ferrous and nonferrous metals sectors, according to the latest release of China’s National Bureau of Statistics on May 15.
-
Over January-April,China’s fixed asset investment (FAI) dived 10.3% on year, and that in the domestic property market clipped 3.3% on year, according to the latest statistics from the country's National Bureau of Statistics. A detailed report will be posted soon.
-
After witnessing on-year declines for 21 successive months, automotive sales in China finally had a reprieve in April, with sales last month increasing by 4.4% on year to 2.1 million units, according to the latest release from the China Association of Automobile Manufacturers (CAAM) on May 11. The rises were mainly thanks to the delay in demand over the past few months and to government stimulus policies, industry watchers say.
-
China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry reversed down 1.2 basis points on month to 50.8 for April, and both production and new orders faced growing challenges, according to the latest release from the country’s National Bureau of Statistics (NBS) on April 30.
