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National Economy Sustained Good Momentum of Recovery in October
In October, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments firmly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while maintaining stability, fully and faithfully applied the new development philosophy on all fronts, accelerated efforts to foster a new pattern of development, and steadily promoted the high-quality development. As a result, the macro-control policies continued to show effects, production ... (full story)
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China retail sales, industrial data grow faster than expected in October
China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. Retail sales grew by 7.6% last month from a year ago, above the 7% growth forecast by a Reuters poll. Industrial production rose by 4.6% year-on-year in October, faster than the 4.4% pace predicted by the Reuters poll. Fixed asset investment for the first 10 months of the year grew by 2.9% from a year ago, missing expectations for a 3.1% increase. Investment into real estate fell by 9.3% during that time, a steeper decline than the 9.1% drop reported for the first nine months of the ... (full story)
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China industrial production beats expectations in Oct, retail sales rise
Industrial production grew 4.3% in October from the prior year, data from the National Bureau of Statistics showed on Wednesday. The reading was more than expectations of 4.3%, and improved slightly from the 4.5% seen in September. A bulk of the improvement was fueled chiefly by increasing local consumption, which in turn was supported by several liquidity measures undertaken by the government over the past quarter. Year-to-date industrial production grew 4.1%, improving slightly from the 4.0% seen in September. But growth in production was stymied by weak overseas demand, as economic conditions in China’s biggest ... (full story)
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From youtube.com/markets|Nov 14, 2023Bloomberg has learned that China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s housing program. This would mark a major step-up in ...
From fitchratings.com|Nov 14, 2023UK households have accumulated about GBP280 billion of “excess” savings since the start of 2020 and, unlike their US counterparts, have not drawn on them to fund spending, Fitch ...
From abs.gov.au|Nov 14, 2023Key statistics: In September quarter 2023, the seasonally adjusted WPI rose 1.3% for the quarter and 4.0% over the year. The quarterly rise in the private sector was 1.4% and the ...
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From bnnbloomberg.ca|Nov 14, 2023Japan’s economy slipped back into reverse over the summer, pointing to the fragility of the country’s recovery and backing the case for continued Bank of Japan easing and the ...
From nasdaq.com|Nov 14, 2023Australian wages posted the largest increase on record last quarter as a sharp rise in minimum wages benefited millions of workers, while intense competition among employers ...
From en.people.cn|Nov 14, 2023The U.S. dollar suffered substantial losses on Tuesday after the release of cooling U.S. inflation data for October, reinforcing expectations the Federal Reserve is likely done ...
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- Posted: Nov 14, 2023 9:01pm
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 3,374
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