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For 2021, China’s nonferrous sector is likely to experience a pattern of stabilizing after growths in the first few months, Jia Mingxing, vice president and secretary-general of the China Nonferrous Metals Industry Association, shared at a press conference on April 29.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry inched down by 0.8 basis point on month to 51.1 for April, though having persisted in the expansion zone since March 2020, and all the key sub-indices including production and new orders were also above 50, according to the latest release by China’s National Bureau of Statistics (NBS) on April 30.
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China’s production of the four major home appliances increased significantly in the first quarter of this year, given the low bases in the same period last year, as well as their sustained strong export business. But dampening the manufacturers’ mood was the rise in raw materials and other input costs, Mysteel Global noted.
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China has the solid foundation to maintain stability in the consumer goods and industrial materials prices, Meng Wei, spokesperson of the country’s National Development and Reform Commission (NDRC), commented on April 19 at the press conference on the first-quarter domestic economic performance.
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China’s energy production and consumption recovered fast over the January-March quarter, following the steady resumption of economic activity last quarter, new data from the National Bureau of Statistics (NBS) showed. Despite the higher energy consumption, the country made more progress in energy saving, with energy consumption per GDP unit dropping 3.1% on year against the sharp growth of 18.3% on year in China’s total GDP in Q1.
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China’s fixed asset investment (FAI) grew 25.6% on year over January-March to approximately Yuan 9.6 trillion ($1.47 trillion), which was also up 6% from Q1 2019, and among the total, that in the property market also soared 25.6% on year or 15.9% higher than two years ago, according to the release by the country’s National Bureau of Statistics (NBS) on April 16.
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Just as expected, China’s gross domestic product (GDP) grew significantly by 18.3% on year over January-March to Yuan 24.9 trillion ($3.8 trillion), confirming that the national economy has been on the track of steady recovery, according to the data release by the country’s National Bureau of Statistics (NBS) on April 16.
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Over January-March, China’s fixed asset investment grew 25.6% on year to approximately Yuan 9.6 trillion ($1.47 trillion), among which the funding in the property market also grew 25.6% on year to Yuan 2.76 trillion, according to the release by the country’s National Bureau of Statistics on April 16. A detailed
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China's gross domestic product (GDP) approximated Yuan 24.9 trillion ($3.82 trillion) over January-March, up 18.3% on year or 10.3% from Q1 2019, according to the release from the country's National Bureau of Statistics on April 16. A detailed report will be posted soon.
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Sales and production of automobiles across China during March surged 74.9% and 71.6% on year respectively, according to the latest released by the China Association of Automobile Manufacturers (CAAM) on April 9. The substantial on-year growth in both sales and production was mainly supported by the low base numbers for March 2020, the association explained.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry rebounded by 1.3 basis points on month to 51.9 in March after having in contraction for three months, or having stayed above the threshold of 50 for the 13th month, indicating the continuity in China’s economic expansion, according to release from the country’s National Bureau of Statistics (NBS) on March 31.
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China will accelerate the utilization of renewable energy during the 14th Five-Year plan over 2021-2025, and by 2025 over half of the country’s installed electricity generating capacity will be fuelled by renewable energy, officials from China’s National Energy Administration (NEA) announced at a press conference in Beijing on March 30.
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China’s sizeable industrial firms posted a 178.9% on-year surge in their gross profits over January-February, a leap from the 4.1% on-year increase for the whole of 2020 or up 72.1% from the same period in 2019, confirming that such enterprises’ profitability had recovered substantially, according to the releases by the country’s National Bureau of Statistics (NBS) on March 27.
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China produced 1.6 million tonnes of copper cathode during January to February, higher by 12.3% on year, as against the 7.4% on-year uptick for the whole of 2020, according to the latest data from China’s Bureau of Statistics (NBS). The domestic smelters have been operating at high capacity, while most also opted to continue production during the Chinese New Year (CNY) holiday over February 11-17, sources observed.
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Chinese production of white goods recorded remarkable on-year rises during the first two months of 2021, with that of air-conditioners up 70.8% on year, according to the latest data from China’s Bureau of Statistics (NBS). The impressive increases reflected the sustained robust demand this year, including overseas demand, and the low rates of manufacturing during Q1 last year.
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China’s energy production both for fossil energy and electricity gained substantially on year over January-February with coal output up 25%, thus serving as the concrete evidence that the country has recovered from the severe hit by the COVID-19 in the first quarter of 2020, Mysteel Global noted from the latest data from the country’s National Bureau of Statistics (NBS).
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China’s fixed asset investment (FAI) grew 35% on year over January-February to Yuan 4.52 trillion ($695 billion), or 3.5% higher than the first two months of 2019, with the funding in the property market up 38.3% on year in 2021, or 15.7% higher than two years ago, according to the release by the country’s National Bureau of Statistics (NBS) on March 15.
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Over January-February, China’s fixed asset investment grew 35% on year to Yuan 4.52 trillion ($695 billion), among which the funding in the property market grew 38.3% on year, according to the latest release by the country's National Bureau of Statistics. A detailed report will be posted soon.
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China’s central government is promoting initiatives to reduce carbon emissions following Chinese premier Xi Jinping’s surprise pledge delivered last September that the country will reach peak carbon by 2030 and realize carbon neutral by 2060. All relevant industries including the automobile sector are being pressed to support the goal and for China’s car makers, the national policy meshes nicely with its existing endeavours to lift the proportion of new-energy vehicles (NEVs) in total car sales.
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Sales and output of automobiles in China during February leapt by 364.8% and 418.9% respectively on year, according to the latest release from the China Association of Automobile Manufacturers (CAAM) published on March 11.
