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EKONOMI CHINA

China's Economic Momentum Shows Signs of Cooling

Tuesday, 16 April 2024 15:55 WIB | Economy

China's economic momentum showed signs of cooling in March after a strong start in the first two months of the year, official data showed Tuesday. China's retail sales, a key gauge of domestic consumption, rose 3.1% from a year earlier in March, compared with a 5.5% year-over-year increase in the...

Chinese Banks Hold Lending Rates as PBOC Refrains From Easing

Wednesday, 20 March 2024 15:13 WIB | Economy

Chinese banks maintained their benchmark lending rates on Wednesday, following the central bank’s recent decision to stand pat on monetary policy. The one-year loan prime rate was held at 3.45%, in line with almost all of the 22 forecasts from economists surveyed by Bloomberg. The...

China’s Growth Beats Estimates as Production, Investment Rev Up

Monday, 18 March 2024 16:12 WIB | Economy

China’s factory output and investment grew more strongly than expected at the start of the year, as Beijing targets an ambitious annual economic growth goal of around 5%. Industrial output rose 7% in January-February from the same period a year earlier, the National Bureau of Statistics said...

China Factory Activity Slows as Weak Demand Hampers Growth

Friday, 1 March 2024 15:55 WIB | Economy

China’s factory activity shrank for the fifth straight month in February, suggesting weak demand remains an obstacle for the economy. The official manufacturing purchasing managers index for last month came in at 49.1, the National Bureau of Statistics said in a statement Friday. That...

China’s Consumer Prices Drop at Fastest Pace Since 2009

Thursday, 8 February 2024 15:30 WIB | Economy

China’s consumer prices fell last month at the fastest pace since the global financial crisis as the world’s second-largest economy struggles to shake off persistent deflation pressures. The consumer price index dropped 0.8% in January from a year ago, the National Bureau of...

China’s Services Sector Expands, Private Survey Shows

Monday, 5 February 2024 15:47 WIB | Economy

A private gauge of China’s services activity expanded in January, likely helped by a boost from public holidays. The Caixin services purchasing managers’ index fell to 52.7 last month from 52.9 in December, Caixin and S&P Global said in a statement Monday. That falls short of economists’...

China Factory Activity Shrinks in January Amid Economic Weakness

Wednesday, 31 January 2024 15:31 WIB | Economy

China’s factory activity contracted for a fourth straight month in January, adding to signs of continued weakness within the world’s second-largest economy. The official manufacturing purchasing managers index was 49.2 this month, the National Bureau of Statistics said in a statement on...

China CPI Picks Up Slightly in Dec, But Disinflation Remains in Play

Friday, 12 January 2024 15:43 WIB | Economy

Chinese consumer inflation increased slightly in December as the year-end holidays boosted spending, although a sustained decline in producer inflation showed that a disinflationary trend was still decidedly in play. Consumer price index (CPI) inflation grew 0.1% month-on-month in December, data...

China Caixin Services PMI Rose to Four-Month High in December

Thursday, 4 January 2024 15:55 WIB | Economy

A private gauge of China's services activities rose to a four-month high in December, in contrast with an official index that remained in contraction. The Caixin services purchasing managers index climbed to 52.9 in December from 51.5 in November, Caixin Media Co. and S&P Global said...

China’s Factory Activity Picks Up, Private Survey Shows

Tuesday, 2 January 2024 15:46 WIB | Economy

A private gauge of China’s manufacturing activity expanded much more than expected in December, contrasting with official data as the economy searched for momentum toward the end of 2023. The Caixin manufacturing purchasing managers index rose to 50.8 last month from 50.7 in November,...

Chinese Banks Hold Benchmark Lending Rate for Fourth Month

Wednesday, 20 December 2023 15:55 WIB | Economy

Chinese banks held their benchmark lending rates on Wednesday, following the central bank’s decision to skip cutting policy interest rates earlier this month. The one-year loan prime rate was held at 3.45% for the fourth month, in line with the forecasts from almost all of the 15...

China Mixed Economic Data Unlikely to Quash Growth Concerns

Friday, 15 December 2023 15:59 WIB | Economy

China industrial production beat expectations last month, though its boost from favorable comparisons to a Covid-hit period in 2022 means that result is unlikely to quell concerns about growth next year. Industrial output rose 6.6% last month from a year earlier, the National Bureau of...

China's November Caixin Services PMI Rose to Three-Month High

Tuesday, 5 December 2023 15:51 WIB | Economy

A private gauge of China's services activities rose to a three-month high in November, contrasting with an official index that tumbled into contraction. The Caixin services purchasing managers index climbed to 51.5 in November from 50.4 in October, Caixin Media Co. and S&P Global said...

China's Factory Activity Extends Declines in November

Thursday, 30 November 2023 15:32 WIB | Economy

China's manufacturing activity contracted for a second straight month in November and at a quicker pace, an official factory survey showed on Thursday, suggesting more policy support measures are needed to help shore up economic growth. The official purchasing managers' index (PMI) fell to 49.4...

China’s Economic Activity Mixed as Beijing Steps Up Support

Wednesday, 15 November 2023 15:57 WIB | Economy

China’s economic activity was mixed in October as consumer spending and industrial output picked up, while investment growth slowed on an ongoing property crisis that has dampened the recovery’s outlook. Retail sales climbed 7.6% from a year earlier, the National Bureau of Statistics...

China’s Exports Record Bigger Slump Than Expected in October

Tuesday, 7 November 2023 16:59 WIB | Economy

China’s export slump unexpectedly deepened in October, underscoring the fragility of an economic recovery that has been trying to stabilize. Overseas shipments fell 6.4% from a year ago, worse than the 3.5% decline forecast by economists in a Bloomberg survey. Imports surprisingly...

China's Services Activity Picks Up Slightly in Oct - Caixin PMI

Friday, 3 November 2023 15:43 WIB | Economy

China's services activity expanded at a slightly faster pace in October, a private-sector survey showed on Friday, with sales growing at the softest rate in 10 months and employment stagnating as business confidence waned. The vast services sector, which provides about 48% of jobs in China,...

China’s Manufacturing Activity Contracts, Private Survey Shows

Wednesday, 1 November 2023 15:32 WIB | Economy

China’s manufacturing activity contracted in October, according to a private survey, signaling that an economic recovery is losing momentum and pressuring policymakers who are trying to shore up growth. The Caixin manufacturing purchasing managers’ index fell to 49.5 from 50.6 in...

China Manufacturing Unexpectedly Shrinks, Services Miss Forecast

Tuesday, 31 October 2023 15:27 WIB | Economy

China’s factory activity fell back into contraction in October as an eight-day holiday at the start of the month disrupted production, while expansion of the services sector unexpectedly eased. The official manufacturing purchasing managers index fell to 49.5 this month from 50.2 in...

China Q3 GDP grows more than expected on stimulus boost

Wednesday, 18 October 2023 15:57 WIB | Economy

China’s economy grew slightly more than expected in the third quarter, data showed on Wednesday, as sustained monetary stimulus and improving local consumption somewhat helped offset weak overseas demand and ructions in the property market. Gross domestic product (GDP) grew 4.9% at an annualized...

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