China - Economic Data & News 17 (Jan 19 - Dec 20)

Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby behappyalways » Wed Jul 10, 2019 3:43 pm

China's producer prices stall in June, fuel deflation worries
https://www.reuters.com/article/us-chin ... SKCN1U506S
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Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby behappyalways » Thu Jul 11, 2019 11:32 am

Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State
https://www.bloomberg.com/news/articles ... -fung-says
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Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby winston » Fri Jul 12, 2019 3:24 pm

China 1H19 Exports/ Imports in RMB Terms Up 6.1%/ 1.4% YoY

In RMB terms, China's total exports amounted to RMB7.95 trillion in the first half of 2019, up 6.1% yearly, according to General Administration of Customs of the PRC (GAC).

Total imports added 1.4% yearly to RMB6.72 trillion. Trade surplus burgeoned by 41.6% to RMB1.23 trillion.

Source: AAStocks Financial News
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Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby winston » Wed Jul 17, 2019 6:47 am

State firms' profits dip

Overall profits at firms directly owned by China's central government grew 1.92 percent in April-June from a year earlier, sharply decelerating from a 13.1 percent gain in the first quarter, according to Reuters calculations based on first-half data released by the state assets regulator.

The news came as China revealed that fiscal revenue rose 3.4 percent from a year earlier, indicating second-quarter growth of 0.8 percent year-on-year, down from 6.2 percent growth in the first quarter, while first-half fiscal spending increased by 10.7 percent in January-June.

Meanwhile, fixed-asset investment project approval in the first six months jumped 81 percent by value.

Though an extremely small number of companies moved from China to avert the Sino-US trade disputes, some firms that shifted to foreign countries have been returning in the past two years, said a spokesman for the National Development and Reform Commission.

The Global Times said the annual GDP growth of about 6 percent was reasonable, proving that China's economy is able to weather the trade war.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0717&sid=2
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