Chinas manufacturing growth unexpectedly accelerated in Aug
The Dollar Business Bureau China’s manufacturing industry growth is unexpectedly quickened in the month of August, indicating that the second largest economy of the world is still growing at a healthy rate in spite of cooling housing market and increasing financing cost. China’s official factory analyses showed that the Asia’s largest economy continue to be on a solid footing, despite apprehensions that the country’s growth may start fading in the coming months. The official Purchasing Managers’ Index (PMI), which is released on Thursday, increased to 51.7 in the month of August from 51.4 in July, beating expectations for a slight decline. According to a separate industry survey, the activity in steel sector accelerated at the fastest rate since April 2016 on the back of ...
Chinas GDP grows 6.9% in Q2 as industrial output, consumption pick up
The Dollar Business Bureau Chinese economy witnessed a faster growth in the second quarter of this year as industrial production and consumption improved and investment continued to be strong. The economy grew 6.9% in the April-June period 2017 compared to previous year, at the similar rate during the first quarter, China’s National Bureau of Statistics said on Monday. On a quarterly basis, the growth improved to 1.7% in the second quarter from 1.3% during the first quarter this year. Strong retail sale and industrial production data supported offset of a slow start for Chinese stocks that may have been connected to the talks of stricter financial regulations. “Overall, the economy continued to show steady progress in the first half...but international instability and uncertainties are still relatively large, and the domestic long-term buildup of structural imbalances ...
China's economy grows 6.9% in Jan-Mar 2017
The Dollar Business Bureau The economy of China grew 6.9% in the January-March period of 2017, as per the Chinese government data, beating estimates in the recent indication of stabilisation of the second-largest economy of the world. The reading was an improvement compared to the average analyst expectations of 6.8% in a poll conducted by AFP. “The national economy in the first quarter has maintained a momentum of steady and sound development," said National Bureau of Statistics of China in a statement on Monday. The positive changes continue to emerge and the performance of key indicators is better than estimated, the Bureau added. The Chinese government has cut down its Gross Domestic Product (GDP) growth target of 2017 to about 6.5 % as the economy, ...
Chinas market expands at slower pace in Q1
The Dollar Business Bureau The growth of Chinese economy in the first quarter of 2016 expanded at a much slower pace, ever since the sluggish phase was witnessed in 2009. However, the clouds of recovery in investments, factory activity and household spending appeared above the world’s most populated nation, due to the sanction of new credits. The official report, on Friday, revealed that China’s GDP expanded at the rate of 6.7% in the first quarter, slightly down from 6.8% recorded in final quarter of 2015. However, on the brighter side, the other factors like new loans, industrial outputs, retail sales and fixed assets investment hint that they have fared better than the forecast rates. The analysts claim that data hints towards the improvement of ...
Chinas economic growth slowest in 25 years
Source: PTI China’s economy grew 6.9% in 2015, the slowest pace in 25 years, slipping below the 7%-mark and sparking concerns both at home and abroad over the continued slowdown in the world’s second largest economy. The growth rate, released by China’s the National Bureau of Statistics (NBS) on Tuesday, moderated to 6.8% for the fourth quarter, the lowest quarterly rate since the global financial crisis in 2009, and 6.9% for 2015. Chinese Premier Li Keqiang last year had said that the Chinese government targeted an annual economic growth of around 7% for 2015. As per the new data, China’s Gross Domestic Product (GDP) reached 67.67 trillion yuan (about $10.3 trillion) in 2015, with the service sector accounting for 50.5%, ...
China's GDP falls to 6.9% in Q3, weakest since 2009
Source: PTI China's GDP decelerated to 6.9% in the third quarter of this year, posting its worst growth since the 2009 global financial crisis which could prompt the Communist giant to roll out a new stimulus package to arrest the slowdown of the world's second largest economy. China's economy slid below the targeted 7% in the third quarter this year, the weakest since the global financial crisis in 2009 amid continued fall of exports mounting pressure on the country's economy. The economy posted a 6.9% growth year on year in the third quarter of 2015, lower than 7% in the first half of the year, China's National Bureau of Statistics (NBS) announced on Monday. The government has set 7% as the GDP ...
