- Monday, 17 July 2017
- News
China’s GDP at 6.9% in Q2
China’s economy expanded faster than expected in the second quarter, as traditional growth sectors continued to underpin the economy. The National Bureau of Statistics said gross domestic product (GDP) expanded at an annualized 6.9% in the second quarter, unchanged from the previous quarter and well within the government’s target range of 6.5% to 7%. Analysts in a median forecast called for quarterly growth of 6.8%. Compared to Q1, GDP expanded 1.7%, official data showed.
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- Thursday, 13 July 2017
- News
Aussie higher supported by China’s Trade Balance figures
The Australian and New Zealand dollars are up about 0.6%, gaining nearly twice as much as sterling. The risk-off sentiment, softer yields in the US and Europe, and strong Chinese import data are among the drivers. The Australian dollar surged through the $0.7700 level to challenge a 15-month down trendline that is found near $0.7725. The high for the year was set in March at $0.7750.
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- Monday, 10 July 2017
- News
China's CPI unchanged in June
Broad measures of Chinese inflation were unchanged last month, as both consumer and factory-gate prices expanded at a slower but steady pace. The National Bureau of Statistics reported that the June consumer price index (CPI) advanced 1.5%, following an identical increase the previous month. Compared to May, consumer prices were down 0.1%, official data showed.
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- Friday, 09 June 2017
- News
China's CPI increased by 1.5%
China's economy is likely to have remained on a stable footing in May, buoyed by solid gains in trade and investment as economic ties with the United States take a positive turn and infrastructure spending cushions domestic growth. A Reuters poll of indicators from trade and industrial output to loans and property investment, is expected to show that economic growth held up nicely into the second quarter, defying worries of a sharp slowdown. Beijing has curbed lending to avert bubbles and debt risks, but tougher regulations have raised concerns the measures could go too far and hurt growth.
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