Category: china
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Consumer Price Index Remains Flat in China for June 2023
The National Bureau of Statistics of China has released the Consumer Price Index (CPI) data for June 2023, showing a flat month-on-month change in prices. The urban CPI remained unchanged, while the rural CPI decreased by 0.1 percent. The food prices increased by 2.3 percent, while the nonfood prices decreased by 0.6 percent. The consumer…
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China’s Energy Production Shows Mixed Growth in May 2023
In May 2023, China experienced varying growth rates in its energy production across different sectors, according to the latest report by the National Bureau of Statistics of China. While raw coal and electricity production witnessed a slowdown, crude oil and natural gas production accelerated during the same period. Raw Coal, Crude Oil, and Natural Gas…
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China’s Real Estate Investment Declines by 7.2% YoY in Jan-May, Residential Buildings Down 6.4%
In the first five months of this year, China experienced a decline in real estate investment, with a year-on-year decrease of 7.2%. The total investment in real estate development during this period amounted to 4,570.1 billion yuan. Specifically, investment in residential buildings saw a decline of 6.4%, reaching 3,480.9 billion yuan. Moreover, the floor space…
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China’s Industrial Profits Above Designated Size Decline in First Five Months of 2023
China’s industrial enterprises above designated size experienced a decline in profits from January to May 2023, according to the latest data released by the National Bureau of Statistics. The total profits during this period amounted to 2,668.89 billion yuan, representing an 18.8% year-on-year decrease. However, the decline narrowed by 1.8 percentage points compared to the…
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China’s Manufacturing Sector Shows Moderate Growth in June, Non-Manufacturing Sector Expands
China’s manufacturing sector experienced moderate growth in June, as indicated by the Purchasing Managers Index (PMI) released by the National Bureau of Statistics of China. The PMI for the manufacturing industry stood at 49.0 percent, showing a 0.2 percentage point increase from the previous month. The overall prosperity level of the manufacturing industry also rose…
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China’s Market Prices of Important Means of Production Show Mixed Trends in June 2023
The National Bureau of Statistics of China and the China Economic Monitoring and Analysis Center have released the latest data on market prices of important means of production in circulation for the period of June 21-30, 2023. The report highlights the changes in prices for 50 kinds of important means of production across 9 categories.…
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Chinese President Xi Jinping Meets with U.S. Secretary of State Antony Blinken to Discuss Bilateral Relations and Global Issues
Xinhua News Agency, Beijing, June 19 (Xinhua) – Chinese President Xi Jinping met with U.S. Secretary of State Antony Blinken at the Great Hall of the People in Beijing on the afternoon of June 19. President Xi Jinping held a friendly meeting with Secretary Blinken, exchanging views on China-U.S. relations and important international and regional…
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China Communist Youth League’s 19th National Congress Opens in Beijing
Beijing, June 19 (Xinhua) – The 19th National Congress of the China Communist Youth League (CCYL) commenced at the Great Hall of the People on the morning of June 19. Chinese President Xi Jinping, Zhao Leji, Wang Huning, Ding Xuexiang, Li Xi, and other leaders of the Communist Party of China (CPC) and the country…
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People’s Bank of China Holds Third Phase Study Class on Learning and Implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era
The Party Committee of the People’s Bank of China (PBOC) organized a study class for the third phase of learning and implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. Party committee members conducted collective study and discussions focused on the theme of “being courageous in self-revolution, winning the historical initiative,…
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China Sees Mixed Market Prices for Important Means of Production in Late May 2023
In late May 2023, the market prices of important means of production in China experienced mixed trends, according to the monitoring conducted by the National Bureau of Statistics. Out of the 50 monitored products across nine categories, 18% witnessed price increases, while 80% saw price decreases, and 2% remained unchanged compared to mid-May 2023. Among…
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Chinese Premier Li Keqiang Holds Meeting with German Social Democratic Party Delegation
Chinese Premier Li Keqiang met with a delegation led by Co-Chairperson Katarina Barley of the German Social Democratic Party (SPD) on June 5th at the Great Hall of the People in Beijing. The interparty exchange, regarded as a crucial component of Sino-German relations, holds significant implications for mutual learning, fostering prosperity, and development. China places…
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State Council Announces Appointments and Removals of National Personnel in China
In a recent announcement by the Ministry of Human Resources and Social Security, the State Council of China has made several appointments and removals of national personnel. Cong Liang has been appointed as the Vice Chairman of the National Development and Reform Commission. Wang Gang has been appointed as the Deputy Minister of the Ministry…
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Peoples Bank of China’s 2023 Budget Estimates Show Decreased Spending, with a Focus on Education and Financial Sector Reform
http://www.pbc.gov.cn/rmyh/105208/4833140/2023032816314266610.pdf
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China’s Q1 2023 Financial Institutions Loan Report Shows Steady Growth in Corporate and Infrastructure Loans, Continued Rise in Industrial Loans, and Record High in Inclusive Financial Loans.
The first quarter financial report for 2023 shows that financial institutions have increased their loans by 11.8%, with a balance of CNY 225.45 trillion, and increased their loans by CNY 10.6 trillion, up from CNY 2.27 trillion in the same period last year. In the first quarter, loans to enterprises increased by 14.3%, with a…
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China’s Resilient Foreign Trade Development Shines at the 133rd Canton Fair
The 133rd China Import and Export Fair (Canton Fair) recently concluded, and Chinese manufacturers’ innovation and leadership were praised by global merchants. The fair showcased China’s resilience and vitality in foreign trade through numerous negotiations and orders. President Xi Jinping has emphasized the importance of foreign trade in boosting economic growth and building a strong…
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Investment in Social and People’s Livelihood Continues to Grow in Q1, with Focus on Employment, Healthcare and Elderly Care
Investment in the social and people’s livelihood sectors in China continues to increase, with a particular focus on healthcare, employment, elderly care, education, housing, and public services. The Chinese government has allocated over 70% of national fiscal expenditure on people’s livelihood in 2023. In the first quarter of 2023, investment in social and people’s livelihood…
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China’s Q1 2023 GDP grows by 4.5%, preliminary accounting results show breakdown by primary, secondary, and tertiary industries, and specific industries with significant growth rates.
The National Bureau of Statistics of China recently released the preliminary accounting results of China’s GDP for the first quarter of 2023. These results show that China’s GDP in Q1 2023 was 284997 million yuan, with a growth rate of 4.5% compared to the same period last year. The preliminary accounting results also show the…
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China’s Q1 Real Estate Development Investment Declines by 5.8% YoY, Residential Investment Down by 4.1%: National Bureau of Statistics Report
The report from the National Bureau of Statistics of China provides information about the investment in real estate development for the first quarter of the year (January to March). The data shows that the investment in real estate development during this period was 2,597.4 billion yuan, which is a decrease of 5.8% compared to the…
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China’s National Bureau of Statistics Releases Report on Household Income and Consumption in Q1 2023: Per Capita Disposable Income Increases by 5.1% YoY, Per Capita Consumption Expenditure Up by 5.4%.
The National Bureau of Statistics of China has released a report summarizing the households’ income and consumption expenditure in the first quarter of 2023. According to the report, the per capita disposable income of residents nationwide was 10,870 yuan, which is a nominal increase of 5.1 percent over the same period last year, and a…
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China’s Central Bank Announces Renminbi Exchange Rates Against Major Currencies on April 21st, 2023
On April 21, 2023, the People’s Bank of China authorized the China Foreign Exchange Trading Center to publish the central parity rate of the RMB exchange rate against major currencies in the interbank foreign exchange market, including the US dollar, euro, yen, Hong Kong dollar, British pound, Australian dollar, New Zealand dollar, Singapore dollar, Swiss…