China’s LGFV bond issuance hit new record of 5.1 trillion yuan this year, net financing declined on year
China’s local government financial vehicles (LGFVs) had issued 5.1 trillion yuan of bonds this year as of November 28, hitting a new
Month: November 2021
China’s manufacturing activity unexpectedly returned to expansion in November, services sector grew at slower pace
China’s manufacturing activity unexpectedly return to expansion territory in November after government measures curbed runaway raw material prices which helped prop up
Home sales in some cities show signs of improvement amid easing financing, analysts say overall downtrend remains unchanged
After disappointing performance in the traditional peak season of September and October, home sales in some Chinese cities show signs of improvement
More than 20 provinces extend maternity leaves, offer allowance to boost birth rate
More than 20 provincial governments in China have announced policy changes to extend maternity leaves and offer allowances, in the latest attempt
Home rents in key cities fell on month in November, home rental transactions fell nearly 18%
Average home rents in China’s major cites declined by 1.3% in November from the prior month while transactions in home rental market
China’s steel prices show stabilization amid expectation of stronger demand, analysts say room for improvement limited
China’s steel prices show signs of stabilization recently after sliding sharply in the past few months, boosted by expectations of stronger steel
Chinese industrial profit growth accelerated in October driven by mining, raw material manufacturing sectors
Profits at China’s industrial companies grew at a faster pace in October driven by companies in including mining and raw material manufacturing
China’s cement price fell significantly in traditional peak season, due to sluggish demand, falling coal prices
China’s cement prices have declined significantly in November and central China’s Hubei province and south Guangdong province led the drops, with prices
Chinese official warns challenges for exports, some economist say exports’ contribution to China’s real economic growth may drop to zero
China should not be “blindly optimistic” about outlook of foreign trade amid increasing headwinds, the country’s vice commerce minister said, in the
China’s lithium prices tops 200,000 yuan/tonne for first time ever boosted by strong demand for new energy vehicles
China’s lithium prices jumped above 200,000 yuan per tonne for the first time on record driven by strong demand for new energy
China’s Chengdu city announces measures to help developers ease liquidity crunch
The city of Chengdu, capital of southwest China’s Sichuan province, announced several measures including stepping up the quota of property loans and
China suspends Tencent from updating existing app, launching new apps
Chinese social media and gaming giant Tencent Holdings has been suspended from updating its existing apps or launching any new apps as
Chinese property developers’ bond issuance picked up significantly in November, nearly all issuers SOEs
Chinese property developers that had struggled in a sector-wide cash crunch finally saw a pick-up in financing this month after authorities repeatedly
China’s tyre producers hike prices amid surging material costs
Many Chinese tyre producers are raising prices due to surging prices of raw materials. Guizhou Tyre Co. Ltd and Triangle Tyre Co. Ltd
China’s yuan strengthens despite firming US dollar, analysts expect downward pressure next year
The Chinese yuan strengthens supported by continued seasonal corporate demand, even as the US dollar strengthens after US President Joe Biden’s decision
Chinese local governments’ special-purpose bond issuance in Oct hit highest this year, their total bond issuance so far 2021 hit new record driven by refinancing needs
Chinese local governments issued 644.1 billion yuan special-purpose bonds in October, the highest monthly level this year, according to data released by
China’s newborns fell 18% last year, birth rate hit new record low
Chinese mothers gave birth to only 12 million babies in 2029, down from 14.65 million in 2019, marking an 18% decline year on year
China’s home mortgage rates in major cities fell further in November, waiting time for loan approval shortened for first time since April
Average home mortgage rate for first-time home buyers in China’s 100 major cities declined to 5.69% in November, down by 4 basis
China’s fossil fuel vehicle ownership to peak in 2025 – CICC
China’s actual/expected conventional passenger vehicle ownership (red bar) and new energy passenger vehicle ownership (grey bar). Data and chart from China International
China to see worse shortage in electric vehicle charging station in 2020 – CICC
China’s new energy vehicle ownership (blur bar), total number of charging piles (red bar) and the ratio between charging piles and new
PBOC says difficulties in maintaining stable economic operation is increasing, stresses policy stability
China’s central bank said it would keep its prudent monetary policy flexible and targeted and strike a balance between economic growth and
China’s fiscal revenue fell for second straight month, revenue from land sales declined for 4th month in a row
China’s fiscal revenue declined on year in October for the second straight month as economic recovery slows, while fiscal spending returned to
China to guide lithium battery makers to strengthen innovation, cut back on projects for pure capacity expansion
China will guide lithium-ion battery and material companies to cut back on projects for “purely expanding production capacity”, and encourage them to
Chinese yuan hit near six-year high against basket currencies
China’s yuan hit a near six-year high against a basket of currencies. The trade-weighted CFETS RMB Index, which tracks the yuan against
Alibaba net income plummets 87％, with first adjusted profit decline in more than five years
Chinese e-commerce giant Alibaba Group reported an 87% year-on-year decline in net income for the September quarter, missing expectations as the company increased investment
China’s infrastructure investment remains weak, analysts say full-year growth could be lower than 1%
China’s infrastructure investment grew 1% year over year in the first ten months, slowing by 0.5 percentage points from the first three
Chinese exchanges further tighten rules for LGFV bond issuance
Chinese exchanges further tightened rules for bond issuance by local government financing vehicles (LGFVs), with measures including limiting quota for LGFVs from
China’s new construction starts tumbled over 30% on year in October amid cash crunch in real estate sector
Chinese property developers have slashed investment amid a sector-wide cash crunch and new construction starts, a leading indicator of real estate activities,
China’s coal output returned to growth and hit highest this year in Oct after government measures to boost production
China’s coal output returned to growth in October and hit the highest level this year after the government took a series of
China’s crackdown on crypto mining continues, state-owned firms targeted
China’s top economic planner will launch a comprehensive crackdown on cryptocurrency mining, with focus on cleaning up state-owned companies’ and “industrialized and