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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry slid for the third month in February, easing by 0.7 basis point on month to 50.6, with the country’s National Bureau of Statistics (NBS) attributing the on-month decline mainly to the Chinese New Year (CNY) holiday over February 11-17. Despite the dip, the national PMI has nonetheless remained in the expansion zone for the twelfth month, according to Bureau’s latest release on February 28.
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Domestic sales of passenger cars in China this month are expected to reach 1.2 million units, some 44.9% lower on month, according to the latest release from the China Passenger Car Association on February 22. The CPCA said the Chinese New Year holiday over February 11-17 had interrupted sales, leading to the decline in sales.
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Home is where parents are in the Chinese culture. But for this year’s Chinese New Year celebrations, many Chinese working in cities or in other countries away from their places of birth will probably have to bear the separation from their parents for CNY for the first time this year, and all for a common reason – the COVID-19 virus. For the unluckier ones, this might even be the second time they’ll miss their annual family get-together.
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China’s sales and output of automobiles jumped by 29.5% and 34.6% respectively on year last month, the China Association of Automobile Manufacturers (CAAM) released the latest numbers on February 9, attributing the robust performance to the remaining solid demand for vehicles and at the same time low base numbers for January 2020.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry eased for the second month in January by another 0.6 basis point on month to 51.3, or in the expansion zone for the eleventh month, though the pace of expansion slowed down, as the resurgence of the COVID-19, Zhao Qinghe, senior statistician of the country’s National Bureau of Statistics (NBS) was quoted explaining in the release on January 31.
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For 2020, China’s sizeable industrial enterprises posted a 4.1% on-year increase in their total gross profits to Yuan 6.45 trillion ($1 trillion), with telecommunication, computer, and other electronics manufacturers and automakers being the top two contributors of the total profits, according to the latest sharing by the country’s National Bureau of Statistics (NBS) on January 27.
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Despite the hit that the domestic and global economies suffered from the spreading COVID virus last year, Chinese white goods manufacturers managed to maintain comparatively stable production and sales throughout 2020, thanks in part to increasing overseas demand, new official data shows.
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China’s gross domestic product grew 2.3% on year for the whole of 2020, exceeding Yuan 100 trillion ($15.4 trillion) for the first time ever and approximating Yuan 101.6 trillion， and all the key sectors also performed better than excepted, Mysteel Global noted from the latest release by the country’s National Bureau of Statistics.
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China’s fixed asset investment (FAI) continued to grow in the last month of 2020, and the whole year’s total FAI grew 2.9% on year, up 0.3 percentage point from the gain in the first eleven months, among which the funding in the property market grew more substantially by 7% on year for 2020, or 0.2 percentage point more than the rise for the first eleven months, according to latest release by the country’s National Bureau of Statistics (NBS).
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China's gross domestic product (GDP) grew 2.3% on year for the whole 2020, with the growth for the fourth quarter scoring 6.5% on year, or higher than the 4.9% on year for the third quarter, and the performance of the major sectors had been better than expected, according to the
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China’s fixed asset investment grew 2.9% on year during full year 2020, or 0.3 percentage point higher than that for the first eleven months, among which, the funding in the property grew 7% on year or 0.2 percentage point higher than the gain over January-November, according to the latest release
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China’s foreign trade value hit a record of Yuan 32.16 trillion ($4.97 trillion) for the whole 2020, higher by 1.9% year, while the country’s contribution to global trade reached 12.8% over January-October, according to the official data from the World Trade Organization, also a record high, shared Li Kunwen, the spokesperson of China’s General Administration of Customs on January 14.
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The auto production among China’s 15 major automakers declined 27.4% on year to 523,000 units over January 1-10, according to the latest data from China Association of Automobile Manufacturers (CAAM) on January 14, which was mainly due to the growing shortage of auto semiconductors and the manufacturers’ relaxation on output at the start of the year, according to market sources.
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Despite the massive economic disruption caused by the COVID-19 contagion last year, automotive sales across China only declined 1.9% on year in 2020, according to the latest release from the the China Association of Automobile Manufacturers (CAAM) on January 13, and it was in line with the association's latest estimation of a 2% on-year drop at most by in mid-December 2020.
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China’s Purchasing Managers’ Index (PMI) for the domestic manufacturing industry reversed down by 0.2 basis point from the year’s high in November to 51.9 in December, but it stayed in the expansion zone for the tenth straight month or the second high for 2020, indicating that China’s manufacturing industry have been recovering steadily, according to the latest release from the country’s National Bureau of Statistics (NBS) on December 31.
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China’s Purchasing Managers’ Index (PMI) for the domestic manufacturing industry eased by 0.2 basis point on month to 51.9 for December, but having been above the benchmark of 50 for the tenth month, indicating the steady recovery in the country's manufacturing sector, according to the latest release from China's National
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China’s Purchasing Managers’ Index (PMI) for the steel industry reversed down by 3.4 basis points on month to 45.8 for December, with both demand and supply having shown signs of cautiousness in the last month of 2020, according to the latest release from the CFLP Steel Logistics Professional Committee. A
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China’s white goods manufacturers were kept busy again in November, mainly thanks to higher export volumes when demand overseas resumed after pandemic disruptions and when makers abroad were unable to keep pace with the rise in orders, Mysteel Global noted.
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China’s sales of both passenger cars and new-energy vehicles (NEVs) may increase in 2021, especially for the latter that may soar 40% on year, while vehicles for commerce use may decline 10% on year, Chen Shihua, the deputy secretary of China Association of Automobile Manufacturers (CAAM), shared on December 18 at the Specialty Steel Forum of Mysteel’s Annual Summit in Shanghai.
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China’s output of fossil energy products including raw coal, oil and natural gas grew further in November, though the incline from the coal sector had been moderate at 1.5% on year, and the national power generation picked up in the pace of growth too, according to latest data shared by National Bureau of Statistics (NBS) on December 15.
