Recent Chinese Economic Data

January 18, 2013 11:21 am GMT+0  in China

Chinese data out in the past few days gives some cause for comfort. Positive statistics covering retail sales, the housing market and industrial production indicate the country may be emerging from its economic trough, and their confluence probably provided a much-needed push to GDP growth. GDP grew 7.9% year-on-year during the last quarter of 2012Read the Rest…

China’s Trade Balance – December 2012

January 10, 2013 10:26 am GMT+0  in China

China reported a robust export performance in December that boosted its trade balance much beyond the consensus estimate. The country’s trade balance for December was a positive $31.6 billion, rising 61% from the November surplus of $19.6 billion. Analysts had expected a surplus of only $20 billion. Exports soared by 14.1% (y-on-y) while imports grewRead the Rest…

Chinese Yuan At 19 Years’ High

November 13, 2012 5:06 am GMT+0  in China

Chinese Yuan hit the 6.2262 mark today against 1 dollar in Shanghai today. This is the highest level in past 19 years and reflects the improved confidence in the economy’s growth prospects. CNY Versus U.S. Dollar – Historical Price Action   The Chinese currency was pegged to U.S. Dollar till 2005. In 2005 the Yuan wasRead the Rest…

Chinese Economic Data – Encouraging Signs

November 12, 2012 1:03 pm GMT+0  in China

With the Japanese and the Euro-zone economies in the doldrums, and the fragile economic recovery in the US in grave danger from the ‘fiscal cliff,’ the fast-developing economies out of Asia will probably do the heavy lifting as far as global growth is concerned. The Chinese economy has been a powerhouse of growth this decade,Read the Rest…

Economic Data From China Comes Mixed But Indicate Better Than Expected Growth

November 9, 2012 8:16 am GMT+0  in China

Today’s economic releases from China brings a mixed outlook but indicates better growth than expected. On one side the prices fell more than expected but the consumer spending, spending on infrastructure and industrial production rose unexpectedly.     Consumer Price index Drops: Consumer price index fell unexpectedly in China. The year to year change in theRead the Rest…

Economic Data From China Comes Better Than Expected

October 18, 2012 3:09 am GMT+0  in China

Today’s economic data from China came out to be better than the expectations. China GDP Growth: Today’s data showed an expected decline in the year on year GDP growth during the 3rd quarter. The previous change was 7.6% and the consensus was for a drop to 7.4% and released figure was in line with theRead the Rest…