China and Russia will create a joint US$3.1 billion investment vehicle targeting economic development in the Far East and application of blockchain technology, according to an agreement signed at the Boao Forum.
China-US Direct Investment Falls Sharply In 2017 Due To "Policy And Politics"
Investment flows between China and the U.S. fell sharply in 2017, brought on by a combination of “policy and politics,” according to a new report by the Rhodium Group.
Chinese President Xi Jinping Offers Trade Concessions In Boao Speech
Chinese President Xi Jinping struck a conciliatory tone as he made his first public comments on trade tensions with the U.S., indicating that China could lift limits of foreign investment in China’s automobile and aircraft industries.
Expanding Global Footprint Exposes Chinese Banks To Greater Risk
Chinese banks are becoming increasingly important players in the global economy. But by doing so they have greatly increased their exposure to global financial risk. It also means China will have to play a larger, more challenging role in the event of future economic upheaval.
China Says No More Local Government Guarantees For Corporate Bonds
Chinese companies issuing bonds can no longer seek debt guarantees from local governments, or tell their investors that their bonds are backed by local governments, according to a new measures announced by China’s top State planning body. A notice detailing new rules for corporate bond issuance issued Monday by the National Development and Reform Commission stated: "It is strictly forbidden for reporting enterprises to require or accept the local government and its subordinate departments in various names to provide guarantee …
China Exports Decline 4.1%, Imports Down 0.4% In May
China’s export growth in U.S. dollar terms declined 4.1% year-on-year in May, compared to -1.8% in April, largely in line with market expectations. Imports growth in U.S. dollar terms picked up to a slight decrease of 0.4% year-on-year from -10.9% in April, much stronger than expected.
China’s PMI Softened To 50.1 In April
China’s official manufacturing Purchasing Managers’ Index (PMI) edged down to 50.1 in April from 50.2 in March, slightly lower than market consensus of 50.3. New orders and production eased in April after a strong rebound in March from previous months, while other sub-indices also softened.
China Exports Up 18.7%, Imports Decline 1.7% In March
China reported solid export data, with exports in RMB terms grew 18.7% year-on-year in March, up from a 20.6% contraction in February, beating market expectations of a 14.9% gain.
China’s CPI Up 2.3%, PPI Down4.9% In February
China’s consumer price index increased 2.3% year-on-year in February, up from the 1.8% increase registered in January, due to a sharp rise in food prices because of the Chinese New Year and adverse weather.
China’s Exports Down 20.6%, Imports Drop 8% In February
China’s exports contracted 20.6% year-on-year in February, compared with a decline of 6.6% in January. Meanwhile, imports fell 8.0% year-on-year, an improvement from a drop of 14.4% previously. As exports declined faster than imports, the trade surplus narrowed to RMB209.5 billion (US$32.6 billion) in February.
Feb Data Preview: Weaker Activity And Credit Growth, Higher Inflation
Goldman Sachs Gao Hua says it expects China’s January to February economic indicators and credit growth to slow, while inflation has likely picked up, according to a research report.
China’s Official PMI Drops To 49 In February
China’s February official manufacturing PMI was disappointing, with the headline index declining to 49.0 from 49.4 in January in the seventh consecutive month that the manufacturing PMI came in below the benchmark level of 50.
China’s New Home Prices Up 0.4% In January
The average new home prices among 70 major Chinese cities increased 0.4% month-on-month. Prices of previously-owned homes went up 0.6% compared to December, according to data released by the National Bureau of Statistics of China.
China’s CPI Rose 1.8%, PPI Down 5.3% In January
China’s consumer price index (CPI) rose to 1.8% year-on-year in January, slightly up from a 1.6% increase in December last year. The pick-up in inflation was largely driven by a 4.1% increase in food prices.
China’s New Loans Up Strongly To RMB2.51T In January
China’s new RMB loans hit a much stronger-than-expected RMB2.51 trillion in January, compared to market expectations of RMB1.9 trillion, and also much higher than December’s RMB600 billion.
China Exports Fell 11.2%, Imports Drop 18.8% In January
China’s exports fell 11.2% year-on-year in January in the seventh straight month of decline, while imports tumbled 18.8%, the 15th month of decline. Both exports and imports came in far worse than expected. Exports declined after China has allowed the RMB to weaken nearly 6% against the U.S. dollar since last August.
China’s Official PMI Edges Down To 49.4 In January
China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, fell 0.3 percentage points to 49.4 in January, below market expectations and compared with 49.7 in December.
China’s New Loans Fell Sharply To RMB598 Billion In December
China’s new RMB loans declined sharply to RMB597.8 billion in December 2015, down from RMB708.9 billion in November, below market expectations of RMB700 billion.
China’s Exports Grew 2.3%, Imports Fell 4% In December
China’s exports rebounded to grow 2.3% year-on-year in December, much higher than the 3.7% drop in November and market consensus of a 4.1% contraction.
China’s CPI Up 1.6%; PPI Declines 5.9% In December
China’s consumer price index (CPI) edged up to 1.6% in December, from 1.5% in November. The rise was largely driven by food prices, which rose 2.7%, and contributed 0.91 percentage point to the headline CPI. The producer price index (PPI) declined 5.9% in December, flat from the previous month, as commodity prices continued to slide. For the full year, CPI rose by 1.4% on average, much lower than the official target of 3%. "As deflationary pressure continues to build up, …
China’s Official PMI Edges Up To 49.7 In December
China’s official manufacturing purchasing managers index (PMI), edged up to 49.7 in December, less than market expectation. Despite the uptick in December, the PMI has remained below the benchmark level of 50 for the fifth consecutive month, suggesting that manufacturing sector continued to contract.
China’s New Loans Rebound To RMB709B In November
China’s new RMB loans rebounded to RMB708.9 billion in November, compared with RMB513.6 billion recorded in October. Aside from seasonal factors driving up new loans, the rebound was weaker than expected and lower than the RMB852.7 billion in November 2014, indicating that domestic demand remained soft and banks were cautious to provide new loans amid rising credit risks.
China’s CPI Up 1.5%; PPI Declines 5.9% In November
China’s consumer price index (CPI) rose 1.5% year-on-year in November, slightly up from 1.3% in October as food inflation accelerated. Producer price index (PPI) declined 5.9% year-on-year in November, flat from the previously month, reflecting weak domestic demand and lower commodity prices. In the first eleven months of 2015, China’s CPI inflation remained subdued at an average rate of 1.4% year-on-year, while PPI declined 5.1% over the same period. "On the back of overcapacity, falling commodity and energy prices, and …
China’s Exports Drop 3.7%, Imports Fell 5.6% In November
China’s exports in fell 3.7% year-on-year in November, compared with a 3.6% decline in October. Imports in contracted 5.6% year-on-year in November, from a 16.0% drop in October.
China’s Official PMI Edges Down To 49.6 In November
China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, edged down to 49.6 in November from 49.8 in October.
China’s New Loans Drop Sharply To RMB514B In October
China’s RMB loans declined sharply to RMB513.6 billion in October, from RMB1,050 billion in September, below market expectations of RMB800 billion. The country’s total social financing aggregate also fell to RMB476.7 billion in October, much lower than RMB1.3 trillion recorded in September.
China’s CPI Up 1.3%; PPI Declines 5.9% In October
China’s consumer price index (CPI) moderated to 1.3% year-on-year in October, down from a 1.3% increase in September. On a month-on-month basis, CPI fell 0.3%, compared with a 0.1% increase in September.
China’s Exports Drop 3.6%, Imports Fell 16% In October
China’s exports fell 3.6% year-on-year in October, compared with a 1.1% decline in September. Imports contracted 16% year-on-year in October, from a 17.7% drop in September.
China’s Official PMI Unchanged At 49.8 In October
China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, was unchanged at 49.8 in October.
China’s GDP Growth Slows To 6.9% During Q3
China’s GDP growth slowed to 6.9% year-on-year in the third quarter 2015, down from 7.0% during the first half, according to data released by the National Bureau of Statistics.
China’s New Loans Rose To RMB1.05T In September
China’s new RMB loans rose to RMB1.05 trillion in September, above market expectations and compared with RMB809.6 billion recorded in August. For the third quarter as a whole, new loans surged to RMB3.34 trillion, compared with RMB2.88 trillion in the second quarter 2015 and RMB1.94 trillion in the third quarter 2014. The increase is partly due to the stock market rescue, which boosted lending to the financial sector. China’s total social financing aggregate increased to RMB1.3 trillion in September, up …