This is a discussion on CNY News within the Analytics and News forums, part of the Trading Forum category; China's economic growth slowed unexpectedly in the three months ended December, figures from the National Bureau of Statistics showed Tuesday. ...
China's economic growth slowed unexpectedly in the three months ended December, figures from the National Bureau of Statistics showed Tuesday.
Gross domestic product grew 6.8 percent year-over-year in the fourth quarter, slower than the 6.9 percent climb in the third quarter. Economists had expected the growth to remain stable at 6.9 percent.
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China lowered the minimum mortgage down payment requirement for first-time buyers, in yet another effort to boost the property market and slowing economy.
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The services sector in China picked up steam in January, the latest survey from Caixin showed on Wednesday with a six-month high PMI score of 52.4.
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China's exports declined more-than expected in January suggesting that the economy has not gained yet from the weaker currency. Data published by the General Administration of Customs showed that exports logged a double-digit annual decline of 11.2 percent in January, much faster than the 2.0 percent fall economists had expected, and December's 1.4 percent drop.
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Consumer prices in China were up 1.8 percent on year in January, the National Bureau of Statistics said on Thursday.
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Manufacturing activity in China continued to contract in February, as output declined at the steepest pace since last September on a sharp decrease in new work. The Caixin manufacturing Purchasing Managers' Index fell unexpectedly to 48 in February from 48.4 in January, survey results from Markit showed Tuesday. This was the lowest reading in five months.
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The services sector in China continued to expand in February, albeit at a slower pace, the latest survey from Caixin showed on Thursday with a PMI score of 51.2.
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China sets growth target for 2016 and loosened the fiscal stance to alleviate its deep-rooted domestic problems amid challenging global environment. At the 12th National People's Congress in Beijing, Premier Li Keqiang said the economy is forecast to grow 6.5 to 7 percent this year and an average growth of above 6.5 percent in the next five years.
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China's foreign exchange reserves declined in February, figures from the People's Bank of China showed Monday.
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Consumer prices in China were up 2.3 percent on year in February, the National Bureau of Statistics said on Thursday.
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