Attachment 21583
Industrial output in China was up 6.0 percent on year in May, the National Bureau of Statistics said on Monday - in line with expectations and unchanged from the previous month.
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Attachment 21583
Industrial output in China was up 6.0 percent on year in May, the National Bureau of Statistics said on Monday - in line with expectations and unchanged from the previous month.
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Attachment 22046
The manufacturing sector in China contracted for the 16th straight month in June, the latest survey from Caixin revealed on Friday with a manufacturing PMI score of 48.6.
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Foreign Exchange post-Brexit Vote
Attachment 22289
The RMB has depreciated ~8% from ~6.2 to ~6.7 RMB/USD in one year, weakest since Oct 2010. The risk of a resumption of capital outflows driven by expectations of near-term RMB weakening is therefore rising. The official FX reserve figures of over $3.1 trillion overstate the amount of ammunition available to defend the RMB, as $1 trillion or more of these reserves may be encumbered through forward and futures interventions. (When selling FX forward to stop the RMB weakening, one will have to deliver the FX at a future date. So we need to subtract that the future FX delivery from the current stock of reserves.)
The strengthening of the US dollar in response to the Brexit vote on June 23rd puts further pressure on the RMB. The key advanced industrial regions of the world (North America, the EU and Japan) are unlikely to match last year’s growth this year as a result of rising policy uncertainty including the political tensions and banking sector weakness in Europe and the forthcoming US elections.
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Attachment 22342
Industrial production in China jumped 6.2 percent on year in June, the National Bureau of Statistics said on Friday.
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Chinese economic growth held steady in the second quarter, as stimulus measures and increased lending helped the economy to contain any further slowdown. Gross domestic product expanded 6.7 percent year-on-year in the second quarter, the same rate as seen in the prior period, the National Bureau of Statistics reported Friday.
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The manufacturing sector in China slid barely into contraction in July, the National Bureau of Statistics said on Monday with a manufacturing PMI score of 49.9.
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China's exports declined more than expected in July, reflecting weak global demand after Britons decided to exit the European Union. Exports declined 4.4 percent year-on-year in July from a year ago, after easing 4.8 percent in June, figures from the General Administration of Customs showed Monday. Shipments were expected to fall 3.5 percent.
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Attachment 22735
Industrial production in China was up 6.0 percent on year in July, the National Bureau of Statistics said on Friday.
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China's private sector logged a moderate growth in August with the rate of expansion little changed from July, survey data published by Markit showed Monday. The Caixin China composite Purchasing Managers' Index dropped slightly to 51.8 in August from 51.9 in July. Nonetheless, a reading above 50 indicates expansion.
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Attachment 23144
Consumer prices in China were up just 1.3 percent on year in August, the National Bureau of Statistics said on Friday.
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