China’s export hub Guangdong province saw exports rise 2.4% on year in first half
South China’s Guangdong province, one of the country’s economic powerhouse and export hub, said its total exports and imports reached 4.6 trillion yuan in the …
MACRO
Chinese Vice Premier Han Zheng calls for further efforts to ensure power supply as power crunch worsens
China’s power demand repeatedly breaks records and some regions are experiencing extreme hot weather and drought, said Chinese Vice Premier Han Zheng on Wednesday, adding that China is now in a critical stage to ensure power supply in the summer peak season.
Power rationing in Sichuan, other regions to drag Aug industrial output by 1 ppt – Citic Securities
Southwest China’s Sichuan province and some provinces in the middle- and lower-reach of the Yangtze River have started to impose power rationing due to a …
China’s economic recovery slowed in July, infrastructure investment accelerated for third straight month
China’s economic recovery slowed in July, with several key indicators weakening from prior month, as the country experienced persistent Covid resurgence and high-temperature and rainy …
China’s cement inventory declined after climbing for 13 consecutive weeks amid signs of recovery in real estate, infrastructure
China’s cement inventories declined significantly in the last week of July after climbing for 13 consecutive weeks amid recovery in real estate activities and step-up …
Chinese leaders say 5.5% GDP growth target is guidance, not hard target – report
Chinese leaders told the government that this year’s economic growth of about 5.5% is a guidance and not a hard target in a meeting last …
China to step up targeted investment to boost recovery, no flood-like stimulus, to extend NEV purchase tax exemption, said State Council
China should consolidate economic recovery, stabilize employment and prices and maintain economic operations within a reasonable range, the State Council said at a meeting chaired …
Technology hub Shenzhen’s GDP grew 3% in first half, retail sales grew fastest this year in June
China’s technology hub Shenzhen saw its GDP grow by 3% in the first half of 2022 from a year earlier, according to data released by the local government on Wednesday, compared to the 2.5% growth for the national GDP during the period and 2% GDP growth for Guangdong province where the city is located.
China’s industrial profits returned to growth in June, profit structure improved
Profits at China’s industrial companies returned to growth in June after falling for two consecutive months, mainly driven by recovery in the automobile industry. Profit structure improved as divergence between upstream and downstream industries narrowed.
