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March 25 was the date when Hubei in Central China returned to the national connection network with the gradual resumption of its road, rail and air transportation. For the prior two months since January 23, the province had been in lockdown starting from Wuhan, the epicentre of the COVID-19, to prevent the contagion spreading nationwide.
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China’s fixed asset investment (FAI) had been hit hard by the outbreak of COVID-19 across the country over the first two months, having plunged 24.5% on year, or a free fall from the 5.4% year-on-year growth for the whole 2019, and the FAI in the property market also plummeted 16.3% on year, according to the latest statistics from the country’s National Bureau of Statistics (NBS) on March 16.
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China’s fixed asset investment (FAI) plunged 24.5% on year over January-February, and that in the property market plummeted 16.3% on year, according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
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The Dalian Commodity Exchange (DCE) headquartered in Northeast China’s Liaoning province is progressing with the launch of liquified petroleum gas (LPG) futures and options contracts, Mysteel Global has learned. The exchange is currently collecting public feedback about the contract designs and will accept submissions until March 13.
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China’s foreign trade slumped to a serious deficit of Yuan 42.6 billion or $7.09 billion for the first two months of 2020, as against a surplus of Yuan 293.5 billion or $41.45 billion a year ago, because of the prolonged Chinese New Year holiday and the virus outbreak, China’s General Administration of Customs explained on March 7.
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China’s imports of copper concentrates and ores slid 1.2% on year while its imports of unwrought copper and copper products grew by 7.2% on year for January-February, according to the latest release from China’s General Administration of Customs, reflecting the price divergence and the domestic low copper smelting during the Chinese New Year holiday and the virus outbreak since late January.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry contracted to 35.7 for February, or the record low since the National Bureau of Statistics (NBS) started releasing the index since January 2005, as the ongoing battled against the novel coronavirus disease (COVID-19) seriously undermined the sector’s operations, according to the latest report from NBS.
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China’s central government has called for “business resumption, especially in key industries, as soon as possible”, even though the battle against the Novel Coronavirus Pneumonia (NCP) is still ongoing, senior officials from four top-level governing bodies including the National Development and Reform Commission (NDRC) stated at a joint press conference in Beijing on February 11.
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China’s General Administration of Customs announced on February 7 that it will release January-February cumulative data in March starting 2020.
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Lian Weiliang, vice head of China’s National Development and Reform Commission (NDRC), emphasized at a press conference on February 3 in Beijing that the impact of the Novel Coronavirus (2019-nCoV) outbreak on China’s economy will be temporary and short-term.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry inched down to the brink of the expansion zone, falling 0.2 basis point on month to 50 for January without taken into consideration of the impact of the Novel Cornavirus (2019-nCoV) outbreak, according to the latest release from China’s National Bureau of Statistics (NBS) on January 31.
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China’s Purchasing Managers’ Index (PMI) for the steel industry recovered 4 basis points on month to 47.1 for January, indicating an overall stable market, however, “the outbreak of the Novel Coronavirus (2019-nCoV) will affect both the steel production and demand in the near term”, the official index compiler CFLP Steel Logistics Professional Committee (CSLPC) warned in its release on January 31.
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January 31 was supposed to be the day when most Chinese employees would have returned to work, happy and refreshed, after the official holiday over January 24-30 for the Chinese New Year (CNY) celebrations. Not for 2020, though, as Beijing has announced that the holiday will be extended until February 2.
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China’s production of air conditioners, refrigerators and washing machines witnessed rises in 2019, mainly thanks to the stable demand tracking the domestic property market and to increasing demand for China-made appliances from abroad, according to the latest data from China’s National Bureau of Statistics (NBS).
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For 2019, China’s gross domestic product grew 6.1% on year to Yuan 99 trillion ($14 trillion), with the final result coming within the central government’s targeted range for last year of 6-6.5%, according to National Bureau of Statistics (NBS) data released on the release on January 17. “Most of the tasks were fulfilled, laying a solid foundation for China to develop into a well-off society,” NBS commented.
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China’s gross domestic product (GDP) grew 6.1% on year for 2019 to Yuan 99 trillion ($14 trillion), according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
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China’s overall fixed asset investment (FAI) grew by 5.2% on year to Yuan 53.37 trillion ($7.5 trillion) over January-November, with the growth remaining unchanged from that recorded for January-October, according to the latest release from the country’s National Bureau of Statistics (NBS) on December 16. Growth in funding for the property sector was recorded at 10.2%, off by just 0.1 percentage point from the first ten months.
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China's fixed asset investment in general grew5.2% on year to Yuan 53.37trillion ($7.5trillion) over January-November, among which the funding in the property market went up 10.2% on year to Yuan 12.13trillion.A detailed story will be posted soon.
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China’s foreign trade surplus in Yuan enlarged 34.9% on year to Yuan 2.6 trillion ($369.4 billion) over January-November, though the trade surplus in the U.S. dollar increased 28.4% on year to $377.6 billion, according to a release by China’s General Administration of Customs on December 8, both, however, being lower than the 42.3% or 34.9% for the first ten months.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry returned to the expansion zone in November after having hovered in contraction area for six months earlier on, or rebounding 0.9 basis point on month to 50.2, the latest release from China’s National Bureau of Statistics (NBS) on Saturday.
