Category: DATA

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China’s factory activity contracted in September for first time since March 2020

China’s factory activities contracted in September for the first time since March 2020 mainly due to a slowdown in energy-intensive industries, while services sector bounced back as the recent Covid-19 flare-ups receded. The official manufacturing…

Posted in DATA OPINION & ANALYSIS

How severe is coal shortage behind China’s ongoing power crunch?

Several regions in China are in the grip of a power crunch partly caused by short coal supplies and surging coal prices. Industry insiders say that policymakers’ efforts in boosting coal production in the past few…

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China’s industrial profit growth slowed for 6th straight month in August

Growth of China’s industrial profits slowed in August for a sixth consecutive month as companies struggled with high commodity prices, Covid-19 flare-ups and shortages in some key materials and components. Industrial profits grew by 10.1…

Posted in DATA OPINION & ANALYSIS

Analysts downgrade China’s 2021 growth outlook amid energy use restrictions, power crunch

China’s ongoing energy use restrictions and power crunch are hurting industrial production across several regions and dragging on the country’s economic growth, analysts say. The current round of power shortage is mainly due to the…

Posted in DATA POLICY & REGULATION

China’s land market is cooling, with lower price premium and more failed land auctions

China’s land markets have cooled significantly since August after several cities adjusted land auction rules to rein in land price grwoth and as homebuilders’ financing tumbled amid deleveraging efforts to meet regulatory requirements. As of…

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Chinese property developers’ financing plunged in August amid tightening regulations, deleveraging efforts

Chinese real estate developers’ total financing plunged in August amid tightening restrictions on lending to the sector and homebuilders’ continued deleveraging efforts to meet regulatory requirements. Property developers’ total financing was 1,172.8 billion yuan last…

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Cross-border yuan settlements hit new record high in 2020 – PBOC report

China’s cross-border settlements in the yuan hit a new record high in 2020 and the share of the yuan in the overall cross-border settlements also high an all-time high. The cross-border use of the yuan,…

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Major Chinese property developers’ cash dropped for first time in five years, interest-bearing debt grew at slower pace

Major Chinese property developers’ cash holdings declined in the first half of the year for the first time in five years and their total interest-bearing debts grew at a slower pace during the period, according…

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China’s fiscal spending returned to growth in August, while fiscal revenue grew at slowest pace this year

China’s fiscal spending climbed back to growth in August and analysts believe that, given the persistent weakness in domestic amid Covid-19 flare-ups and rising downward pressure on the economy, Beijing is expected to accelerate fiscal…

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China’s crude steel output fell at faster pace in August amid national campaign to cut steel production

China’s crude steel output declined in August at a faster pace in August after posting the first drop this year in July amid China’s national campaign to reduce steel production. China churned out 83.24 million…

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China’s new home price growth slowed in August as property restrictions step up, some say turning point for housing market emerges

China’s new home prices grew at a slower pace in August as authorities stepped up efforts to rein in the housing market and some say a turning point for the housing market may be emerging…

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China’s retail sales slowed sharply in August amid Covid-19 resurgence, industrial output, investment both missed expectations

China’s retail sales slowed sharply in August and industrial production and investment activities also missed expectations, as fresh coronavirus outbreaks and supply disruptions threatened the economic recovery. Industrial output grew 5.3 per cent in August…

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China’s hog prices continue to drop despite holiday season, analysts expect downtrend to last until next year

China’s live hog prices continue to decline despite the traditional peak season for pork demand before the Mid-Autumn Festival and National Day holiday, with prices in some regions back to 2016-level. Analysts say that the…

Posted in DATA

Shanghai’s second-hand home sales slid in August amid stepped-up property curbs, prices fell for first time this year

China’s financial hub of Shanghai sees second-hand home transactions slide in August amid stepped-up real estate restrictions and meanwhile, average second-hand home prices fell for the first time this year, after the country’s technology hub…

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Shanghai aluminium hit new record high amid robust demand, production curbs

Aluminium has become one of the best-performing metals so far this year driven by robust demand and short supply caused by production curbs amid China’s so-called “dual controls” on energy consumption and energy intensity to help achieve its carbon-neutrality target. The…

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China’s tour bookings surge for Mid-Autumn Festival, most choose short-distance travel as Covid-19 concerns linger

As Mid-Autumn Festival holiday approaches, China’s tour bookings are surging as restrictions on movement have been mostly lifted following containment of recent coronavirus outbreaks. However, most travellers will be eschewing long distance trips for holidays…

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China’s new bank loan growth slower than expected, total social financing growth slowed for sixth straight month to hit lowest since December 2018

New bank loans in China grew at a pace slower than expected in August and the growth of total social financing slowed for the sixth consecutive month to hit the lowest since December 2018, as…

Posted in DATA OPINION & ANALYSIS

China’s coal prices remain high as power plants start restocking for winter heating season, supply remains tight

China’s coal prices have remained high despite government measures to stabilize the market. Industry insiders expect the prices to remain elevated as power plants in North China have started restocking for the winter heating season…