Year: 2023
China’s vehicle inventory alert index rose on year in December – industry body
China’s vehicle inventory alert index, which reflects the inventory pressure on auto dealers, hit 58.2% in December, rising by 2.1 percentage points from a year earlier, but sliding 7.1 percentage points from the previous month.
About 50% of auto dealers in China suffered losses in 2022 – industry body
China’s auto dealers were under high inventory pressure in 2022, and about 50% of dealers suffered losses last year, according to a survey conducted by the China Association of Automobile Manufacturers.Â
China’s home prices fell faster in Dec despite a slew of support measures, more cities saw home price drop – research
Home prices in China’s 100 major cities declined for the sixth consecutive month in December, falling by 0.08% from a month ago after the 0.06% fall in November, according to a research.
China’s winter Covid outbreaks likely passed peak in major cities, more waves expected in rural areas – researchÂ
The winter Covid-19 outbreaks might have passed the peak in major Chinese cities, but the country is expected to see several more waves, including in rural areas, according to a domestic research.
China’s transport ministry summoned 15 ride-hailing, cargo service firms
China’s transport authorities summoned 15 ride-hailing and cargo services firms for talks on Friday, ordering the firms to examine their operations.
China to extend trading hour in interbank FX market to facilitate global investors
China will extend the trading hour in the interbank foreign exchange market to 3 am (1900 GMT) from 11:30 pm (1530 GMT), the People’s Bank of China said in a statement.
More countries require negative test results from China travellersÂ
Australia said on Sunday that travellers from China, including those from Hong Kong and Macau, will have to provide negative COVID-19 test results taken within 48 hours of their departure, taking effect from Jan. 5.
China’s factory activities slipped deeper into contraction in December amid Covid outbreaks
China’s factory activities slipped deeper into contraction in December, with the official manufacturing PMI falling to 47 from 48 in the previous month, according to data released by the National Bureau of Statistics.