Chinese economic data released yesterday showed that key metrics such as industrial output and investment beat expectations last month, but retail sales fell to a five-month low as the economy continues to face pressures on demand. Industrial output grew 5.9% in October, according to the National Bureau of Statistics, surpassing estimates from a Reuters poll […]
Category: Brief
China’s borrowing growth plunged in October despite a push by local governments to issue more loans for infrastructure spending, suggesting that further action will be needed to shore up demand. Net new loans fell to Rmb 697 billion ($100.3 billion) last month, down from Rmb 1,380 billion in September, according to National Bureau of Statistics […]
Negotiations for the Regional Comprehensive Economic Partnership (RCEP), a 16-nation trade deal that would include China, India and ASEAN, hit stumbling blocks during a conference in Singapore this week, with leading members China and Australia now aiming to finalise arrangements in 2019. The RCEP would include nearly half of the world’s population, according to Bloomberg, […]
Ford’s sales in China continued to plummet last month, CNBC reports, as the world’s largest carmaker is seeing its business deteriorate in the key market. Monthly revenue dropped 45% in October compared with a year earlier, accelerating from a 43% year-on-year decline posted in September. The company is being hurt by a widespread slowdown in […]
Local branches of the People’s Bank of China (PBOC) are apparently taking advantage of recent liquidity injections to channel loans to private businesses, Caixin reports, although the monthly data suggests there’s more work to be done. The bank’s Shanghai office said on Tuesday that it has extended Rmb 5.3 billion ($762 million) to eight financial […]