China expected to control nearly one third of world’s lithium supply by 2025 – research
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Category: DATA
Chinese airlines’ international fight volume surged 77% on year in Mar 1 – 12
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Chinese firms’ hiring intentions hit 8-year high, share of companies planning to increase investment hit highest since Oct 2021 – survey
The net balance measuring whether Chinese companies project an increase in headcount over the next 12 months was 11% in February, the highest level in eight years, according to a survey by S&P Global Market Intelligence, compared to only 2% in the previous survey conducted in October last year.
China’s credit growth stronger than expected, money supply grew fasters in nearly seven years
China reported unexpectedly strong credit growth for February, with money supply growing at the fastest pace in nearly 7 years, as the authority looks to support the economic recovery.
China’s cross-border passenger trips surged 112% on year since relaxing Covid controls
Since China downgraded the control measures COVID-19 on January 8, the country has logged 39.72 million cross-border passenger trips and 2.49 million cross-border transportation vehicles (ships, aircraft, and trains), surging 112.4% and 59.3%, respectively, from a year earlier.
Many hotels near popular tourist attractions fully booked for first day of Labor Day holiday – agency
Hotels near top tourist attractions in major cities have been fully booked for May 1, the first day of the Labour Day holiday, according to online travel agency Trip.com.
China’s domestic travelers grew 82% in Feb 19 – Mar 4 from previous two weeks – travel agency data
The number of travelers has increased by 82% in the past two weeks (Feb 19 – Mar 4), compared to the previous two weeks (Feb 5 – 18), according to data from online travel agency Tuniu.
Second-hand home transactions in financial hub Shanghai hit highest since July 2022 in Feb – agency data
Chinese financial hub Shanghai’s second-hand housing transaction volume reached 19,000 units in February, reaching the highest level since July 2022.
China’s forex reserves fell by $51.3 bn in Feb due to changes in asset prices amid dollar strengthening
China’s foreign exchange reserves fell to $3.13 trillion in February, according to data released by the PBOC, a decrease of $51.3 billion
China’s coal imports surged 71% on year in Jan – Feb – customs data
China’s coal imports in the first two months of 2023 surged 71% from a low base a year earlier amid stock replenishment on expected of rising demand after the country ended its zero-COVID policies.
ASEAN remained China’s top trading partner in Jan – Feb, China’s trade with US fell 10.6% on year
In the first two months of the year, ASEAN remained China’s largest trading partner with bilateral trade reaching 951.93 billion yuan, a rise of 9.6% from a year earlier and accounting for 15.4% of China’s total foreign trade, according to China’s customs data on Tuesday.
China’s imports of mechanical and electrical products rose 0.4% from a year earlier – customs data
China’s exports of mechanical and electrical products reached 2.03 trillion yuan in the first two months of the year, an increase of
China’s exports fell 6.8% on year in Jan – Feb, imports slid 10.2% – customs data
China’s total import and export, in US dollar terms, totaled $895.72 billion in the first two months of the year, a decrease
China’s average battery-grade lithium price hit new low in more than a year
China’s average price of battery-grade lithium carbonate fell by 1,500 yuan to 366,000.0 yuan/ton on Tuesday, hitting a new low of more than one year and falling for 27 consecutive days, according to data from consultancy Shanghai Metals Market.
China’s coal imports surged 71% on year in Jan – Feb – customs data
China’s coal imports in the first two months of 2023 surged 71% from a low base a year earlier amid stock replenishment on expected of rising demand after the country ended its zero-COVID policies.
China’s business travel demand rebounded in Feb, some industries saw demand return to pre-pandemic levels
Booking volume for business hotels surged 130% in February from a year earlier, with domestic bookings surging about 125% and overseas bookings
China’s CATL remained world’s top power battery company in 2022
China’s CATL remained the world’s No. 1 in terms of electric vehicle battery and energy storage system installations, according to South Korean market research firm SNE Research.
New home sales in Wuhan hit 17-year high in February
China’s central metropolis Wuhan, capital of Hubei province, saw new home transaction volume reach 12,421 units in February, with a floor area
Online search volume, booking volume for Labor Day travels surge – travel agency
Online search volume for travel products during the Labor Day holidays has increased by 50.34% in the recent 30 days, according to data from online travel agency Tongcheng Travel.
China’s factory activities expanded fastest since Apr 2012 in Feb – official data
China’s factory activities expanded at the fastest pace since April 2012 in February, with the official manufacturing Purchasing Manager Index (PMI) rising to 52.6, according to data released by the National Bureau of Statistics (NBS).
Shenzhen’s second-hand home transactions in Feb hit new high since 2022
Second-hand home transactions in China’s technology hub of Shenzhen reached 1,096 units in the week of Feb 20 – 27, an increase of 24.4% from the 881 units in the previous week.
Global idle shipping capacity surge amid economic slowdown
Due to the global economic slowdown and rising inflation, consumer demand has weakened, and the number of ships needed for goods transportation has decreased, both in Asia, Europe and America.
Tesla’s sales in China rose last week, still slower than pace seen in the fourth quarter
Tesla nearly doubled weekly retail sales in the week of Feb. 20 to 10,703 vehicles versus a week prior, according to data.
China’s passenger flight volume, passenger traffic last week reached 87%, 78% of 2019-level
China’s civil aviation market entered a stable period in the first week after the Spring Festival travel rush, with passenger traffic steady on a week-on-week basis.
China’s wealth management products market shrank by over 2 tn yuan in Q4, 2022
China’s wealth management product market shrank by over 2 trillion yuan ($290.2 billion) in the fourth quarter of 2022 as a sharp decline in Chinese bond prices led to outflows.
Overseas institutional investors of China’s interbank bonds fell to 3.28 trillion yuan in Jan – PBOC data
Overseas institutional investors’s holdings of China’s interbank bonds stood at 3.28 trillion yuan ($477.72 billion) as of the end of January, lower
Mortgage rate for first-time home buyers in 100 major Chinese cities hit new low since 2019 – research
The average mortgage rate for new home buyers in China’s 100 major cities hit 4.04% in February, falling by 6 basis points
China’s new bank loans hit new record in Jan, household lending still weak
China’s new bank loans hit a record high of 4.9 trillion yuan ($720.21 billion) in January, as the authority moved to shore up growth in the world’s second-biggest economy after the relaxation of Covid-19 control measures.
China’s consumer price rose at faster pace in Jan, factory-gate deflation deepens
China’s consumer prices grew at a faster pace in January driven by surging spending on services after relaxation of Covid control measures and during the Spring Festival holidays, while factory-gate deflation deepened amid falling commodity prices.
China’s passenger car sales slid 37.9% on year in Jan
China’s retail sales of passenger vehicles reached 1.293 million units in January 2023, sliding 37.9% from a year earlier and down 40.4% from the month before.