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

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
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22329
Joined: Wed Oct 15, 2008 4:43 pm

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
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104876
Joined: Wed May 07, 2008 9:28 am

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
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104876
Joined: Wed May 07, 2008 9:28 am

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

Postby behappyalways » Wed Jul 24, 2019 12:40 pm

China's credit push to small firms falters in factory heartland
https://www.reuters.com/article/us-chin ... UI2WO?il=0
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22329
Joined: Wed Oct 15, 2008 4:43 pm

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

Postby behappyalways » Sun Jul 28, 2019 4:41 pm

向松祚:中共金融完了!
https://www.youtube.com/watch?v=cukSNUce_Yo
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22329
Joined: Wed Oct 15, 2008 4:43 pm

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

Postby behappyalways » Wed Jul 31, 2019 8:54 pm

China’s control over its entire economy weakened as Baoshang Bank failure starts domino effect
https://www.scmp.com/economy/china-econ ... shang-bank
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22329
Joined: Wed Oct 15, 2008 4:43 pm

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

Postby winston » Fri Aug 02, 2019 8:01 am

China Economic Datas

Pressure on China's factories eased a little in July, but overall manufacturing activity remained in contraction as a trade war with Washington dented export orders, a private survey showed.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for July rose to 49.9 from 49.4 in June, and just below the neutral 50-mark dividing expansion from contraction on a monthly basis.

"China's manufacturing economy showed signs of recovery in July. Policies such as tax and fee reductions designed to underpin the economy had an effect," Zhong Zhengsheng, Director of Macroeconomic Analysis at CEBM Group, said.

However, China's US$300 billion (HK$2.34 trillion) in tax cuts aimed at stimulating its slowing economy are starting to hurt the revenues of debt-ridden provincial governments, with poor western regions suffering the most from squeezed budgets, a Reuters analysis showed.

In other news, many global auto suppliers are even more pessimistic about Chinese vehicle output this year than some research firms, with suppliers bracing for greater pains than the single-digit percentage declines predicted by the industry.

China's central bank, meanwhile, refrained from immediately following the US Federal Reserve in cutting borrowing costs, signaling its preference to continue with the current targeted easing approach.

Source: The Standard
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104876
Joined: Wed May 07, 2008 9:28 am

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

Postby behappyalways » Sat Aug 03, 2019 7:14 pm

China’s Generation Z Is Hooked on Credit
https://www.bloomberg.com/news/articles ... -on-credit
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22329
Joined: Wed Oct 15, 2008 4:43 pm

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

Postby behappyalways » Fri Aug 09, 2019 7:41 pm

Unit of China’s sovereign wealth fund takes over Xiao Jianhua-linked HengFeng Bank in third case of nationalisation since May
https://www.scmp.com/business/banking-f ... ao-jianhua



US trade war drives China’s producer prices into deflation, as pork prices send consumer inflation higher
https://www.scmp.com/economy/china-econ ... ation-pork
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22329
Joined: Wed Oct 15, 2008 4:43 pm

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

Postby behappyalways » Sun Sep 01, 2019 3:32 pm

China’s factory activity shrinks for 4th month as trade woes deepen
https://www.cnbc.com/2019/08/31/chinas- ... eepen.html
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 22329
Joined: Wed Oct 15, 2008 4:43 pm

PreviousNext

Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries

Who is online

Users browsing this forum: No registered users and 2 guests