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

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

Postby behappyalways » Wed May 15, 2019 3:04 pm

China economy growth slows sharply in April, even before higher US trade tariffs take effect
https://www.scmp.com/economy/china-econ ... r-us-trade
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Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby winston » Thu May 16, 2019 7:55 am

Weak China data adds pressure for stimulus

China's industries, exports and retail sector, showed lower than expected growth last month, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates.

Retail sales rose 7.2 percent in April from a year earlier, the slowest pace since May 2003 for April,

The data suggested consumers were now beginning to cut back spending on everyday products from personal care to cosmetics, and continued to shun expensive items such as cars.

"Weak retail sales partially stemmed from a deterioration in employment and declining income of the middle-and-low income groups," said Nie Wen, an economist at Hwabao Trust.

Growth in industrial output slowed more than expected to 5.4 percent in April year-on-year, pulling back from a 4-1/2 year high of 8.5 percent in March, which some analysts had suspected was boosted by seasonal and temporary factors. Analysts polled had forecast output would grow 6.5 percent.

Exports meanwhile unexpectedly shrank in April in the face of US tariffs and weaker global demand, while new factory orders from at home and abroad remained sluggish.

Weighing on industrial output, motor vehicle production dropped nearly 16 percent. Earlier this week, industry data showed automobile sales in China fell 14.6 percent in April, the 10th consecutive month of decline.

The yuan traded lower with the offshore yuan hitting an intra-day low at 6.9177, just shy of its 2019 low at 6.9194 versus the US dollar. .

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0516&sid=2
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Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby behappyalways » Mon May 20, 2019 3:32 pm

The Closing of the Chinese Mind
https://www.project-syndicate.org/comme ... ei-2019-04


2019.05.19【文茜世界財經週報】美中爭霸 貿易角力成長期衝突前哨戰
https://www.youtube.com/watch?v=dWvVK1i ... xu&index=2
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Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby winston » Wed May 29, 2019 8:55 am

An under-the-radar way to measure economic growth in China is painting a bleak picture

by Fred Imbert

Diesel demand in China fell 14% and 19% in March and April respectively, reaching levels not seen in a decade, according to data compiled by Wells Fargo.

“We believe the accelerating decline is most likely tied to economic factors and the effects of the tariff ‘war’ with the U.S.,” Wells Fargo energy analyst Roger Read said in a note Monday. “If one wants to worry, that is where to focus most closely in our view.”

China said in April its economy grew by 6.4% in the first quarter of 2019. However, global investors and economists have been skeptical of China’s official economic figures for years as they believe they overstate how much China’s economy is growing.

Source: CNBC

https://www.cnbc.com/2019/05/28/falling ... KW,29S0D,1
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Re: China - Economic Data & News 17 (Jan 19 - Dec 20)

Postby behappyalways » Sun Jun 02, 2019 7:40 pm

China is establishing an ‘unreliable entities’ list that will include companies and people
https://www.cnbc.com/2019/05/31/china-i ... eople.html
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