China’s economy grew faster than expected in the third quarter, suggesting the recovery may have enough momentum to meet Beijing’s full-year growth target. Gross domestic product (GDP) grew 4.9% in July-September from a year earlier, beating analysts’ expectations of 4.4% growth and slowing from the 6.3% expansion in the second quarter. On a quarter-by-quarter basis, […]
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Asian stocks fall as China’s CPI data comes in flat
China’s consumer price index for September came in at 0%, lower than the expected 0.2% increase that analysts predicted in the Reuters poll of economists. China also reported a 2.5% decline in its producer price index, compared to the expected 2.4% drop. The results highlighted just how slow the Chinese recovery has been, as consumer […]
China sees manufacturing grow amidst property crisis
As China’s property sector continues to languish, with prices collapsing almost as quickly as the regional skyscrapers built out of shoddy materials, a brighter spark has been seen within the economy. The centralised powers in China appear to be shifting their money towards its manufacturing sector. The results of this steady shift have been felt […]
Australian dollar gains on positive China data
The Australian dollar gained today after a slew of Chinese economic data beat forecasts, suggesting that the world’s second-largest economy is recovering from a recent slowdown. The AUD/USD advanced 0.43% to US64.65¢, putting it on track for a 1.4% weekly gain. If it holds, it would be the largest increase in two months. The Aussie […]
China data dump shows positive trend
China’s latest data dump of monthly figures showed the economy was turning a corner after some perilous months of stalling growth and rising fears of deflation. The latest data beat analyst expectations, with retail sales and industrial production showing considerable improvements and China’s unemployment rate falling slightly. BHP, Rio Tinto, and Fortescue stocks have surged […]
China shows signs of stability
China’s economic outlook is showing signs of improvement, offering a glimmer of hope after a recent downturn. Several positive developments have emerged, including increased credit demand, a reduction in deflationary pressures, and a strengthened yuan. Recent steps to bolster the real estate market may be starting to work as household demand for mortgages and corporate […]