CNY News

China's exports grew more than expected in March and imports logged an unexpected fall largely due to the lockdown and supply chain disruptions, official data revealed on Wednesday. Exports grew 14.7 percent on a yearly basis in March, the General Administration of Customs said. This was faster than the expected growth of 13.0 percent but slower than the 16.3 percent expansion posted previously.

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Consumer prices in China were up 2.1 percent on year in April, the National Bureau of Statistics said on Wednesday.

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Industrial output in China was down 2.9 percent on year in April, the National Bureau of Statistics said on Monday - missing expectations for an increase of 0.4 percent and down from 5.0 percent in March.

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The manufacturing sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 50.4.

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China consumer price inflation accelerated to the highest in two years in July driven by pork prices, while factory gate inflation continued to ease, official data revealed Wednesday. Consumer price inflation rose to a two-year high of 2.7 percent in July from 2.5 percent in June, the National Bureau of Statistics reported. But the rate was below economists' forecast of 2.9 percent.

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China's manufacturing sector unexpectedly contracted in August as power cuts and temporary factory closures due to the heatwave dampened production and sales, survey results from S&P Global showed on Thursday. The Caixin manufacturing Purchasing Managers' Index fell to 49.5 in August from 50.4 in July.

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China's services companies continued to recover in August from the recent wave of the pandemic underpinned by strong sales, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index came in at 55.0, down from 55.5 in July. A score above 50.0 indicates expansion. Moreover, the rate of expansion was the second-quickest recorded since May 2021.

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Consumer prices in China were up 2.5 percent on year in August, the National Bureau of Statistics said on Friday.

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The manufacturing sector in China fell into contraction territory in October, the National Statistics Bureau said on Monday with a manufacturing PMI score of 49.2.

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The services sector in China continued to contract in November, and at a faster pace, the latest survey from Caixin said on Monday with a PMI score of 46.7.

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