China’s economy saw the weakest expansion in a year-and-a-half during the last quarter, official data show. Gross domestic product (GDP) grew 4 percent in the final quarter of 2021 from a year earlier, China’s National Bureau of Statistics announced on Jan. 17, down from the 4.9 percent gain in the third quarter—a further deceleration from…
China Q4 GDP Records Slowest Growth in 18 Months: Official Data
January 17, 2022
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China’s Industrial Profit Growth Slows in November on High Raw Material Prices
December 27, 2021
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Business & EconomyChinaChina Business & Economycommoditieseconomyindustrial firmsMarketsnational bureau of statisticsprofits
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Profits at China’s industrial firms grew at a much slower pace in November, the country’s statistics bureau said on Dec. 27, as still-high raw material prices, a faltering property market, and weaker consumer demand weighed on factories’ margins. Industrial firms’ profit growth decelerated to 9 percent year-on-year in November to 806 billion yuan ($127 billion)—the…
China Nov New Home Prices Suffer Biggest Decline in 6 Years
December 15, 2021
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Business & EconomyChinaChina Business & EconomyeconomyGlobal Real EstateMarketsnational bureau of statisticsnew homeproperty marketreal estate
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Chills over China’s property market spread in November as both home prices and sales slumped to a six-year low, according to official data on Dec. 15. According to the latest new home price indices released by the National Bureau of Statistics (NBS), new home prices in 70 tracked Chinese cities slipped 0.3 percent month-on-month in…
China Factory-Gate Inflation Slows in November
December 10, 2021
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Business & EconomyChinaChina Business & Economyeconomyfactory gate pricesinflationnational bureau of statisticsPPI
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China’s sky-high factory inflation, also known as the producer price index (PPI), slowed in November from a 26-year high the month before. The factory inflation rose 12.9 percent from a year earlier in November, slower than October’s 13.5 percent—the most significant increase since 1995—but faster than the 10.7 percent of September, according to a Dec….
China Factory Activity Rebounds in November, Slow Growth Pace Remains
November 30, 2021
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China’s factory activity picked up in November after two months of contraction, yet still the third lowest in about 20 months, despite the ease of mass power rationing and raw material price surges. China’s manufacturing purchasing managers’ index (PMI) for November was 50.1, up from 49.2 in October—the first time it exceeded the 50 mark…
China’s Factory Activity Falls in October, Producer Price Soars to ‘Years High’
October 31, 2021
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Business & EconomyChinaChina Business & EconomyEconomiesfactory activitynational bureau of statisticsPPI
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Beijing said China’s factory activity shrank for a second month in October, putting it down to power shortages, high raw material prices, and soft domestic demand. Meanwhile, authorities said producer prices have risen to “years high.” Oct. 31 data from the National Bureau of Statistics (NBS) show China’s purchasing managers’ index (PMI) for the manufacturing sector…
China’s Factory Activity Hits the Lowest Level in 19 Months Amid Power Crisis
October 1, 2021
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Business & EconomyChinaChina Business & EconomyEconomiesnational bureau of statisticspowerproduction
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China’s factory activity shrunk in September for the first time since February 2020, following sweeping curbs on electricity usage, according to China’s National Bureau of Statistics (NBS). Data show the official manufacturing Purchasing Manager’s Index (PMI) in September was at 49.6, down from 50.1 in August. The economic indicator fell below score 50 for the…
China’s Economy Shows Weakness Amid Outbreak and Supply Crisis
September 15, 2021
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Business & EconomyChinaChina Business & Economydelta variantEconomiesMarketsnational bureau of statisticssupply shortages
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China’s factory output growth in August hit a 13-month low as COVID-19 delta variant surges in southeast China and the global supply shortage prolongs. The latest data released by China’s National Bureau of Statistics (NBS) on Sept. 15 show a 5.3 percent rise in industrial production from last year, one percent lower compared to the…
Behind China’s Economic Growth Data: Exposing Beijing’s Tricks
June 4, 2021
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Commentary China reported a year-on-year economic growth of 18.3 percent in the first quarter of 2021, according to data released by the National Bureau of Statistics (NBS) on April 16. Then on April 27, the NBS announced that industrial enterprises above designated size achieved a 1.4 times increase in profits in the first quarter. Chinese state…
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