- Friday, 09 March 2018
- News
Chinese Consumer Prices Spike Most In 5 Years
Yuan is tumbling after Chinese Consumer prices spiked 2.9% YoY in February - the biggest jump in inflation since Nov 2013. Consumer prices jumped 1.2% MoM and 2.9% YoY (considerably higher than the 2.5% jump expected). The biggest driver of the price surge being food (something few can do without) which soared 4.4% - the biggest jump since June 2016.
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- Monday, 12 February 2018
- News
China January new loans surge to record 2.9 trillion yuan, blow past forecasts
China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks. While Chinese banks tend to front-load loans early in the year to get higher-quality customers and win market share, the lofty figure was even higher than the most bullish forecast by economists in a Reuters poll.
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- Friday, 09 February 2018
- News
China CPI up by 1.5% in January
China’s consumer inflation cooled to 1.5 percent in January, in line with economists’ forecasts, official data showed on Friday. The consumer price index (CPI) had been expected to moderate from a 1.8 percent gain in December. The producer price index (PPI) rose 4.3 percent from a year earlier, also cooling from the previous month’s rise of 4.9 percent, the National Bureau of Statistics (NBS) said on its website.
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- Thursday, 18 January 2018
- News
China's GDP grew by 6.8% in Q4
China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt expansion. The official growth figures released on Thursday are welcome news for Beijing policymakers who are looking to cut debt and pollution in older industries without stunting growth in the world’s second-largest economy.
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