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China Caixin Composite PMI
In China, the Caixin China Composite Output Index, which is based on data collected from a representative panel of approximately 400 enterprises, measures business trends throughout the entire private sector activity. Sales, new orders, employment, inventories, and pricing are just a few of the variables tracked by the index. A value above 50 suggests that business activity is expanding, while a reading below 50 indicates that company activity is generally dropping.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
News (CNY)
China Manufacturing PMI Slips In July
The manufacturing sector in China continued to contract in July, and at a faster rate, the latest survey from the National Bureau of Statistics showed on Thursday with a manufacturing PMI score of 49.3.
RTTNews | 14h 19min ago
China Keeps Key Lending Rates On Hold
The People's Bank of China maintained its interest rates unchanged on Monday as the economy faces subdued domestic demand amid challenging global economic conditions. The bank retained its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 3.50 percent.
RTTNews | 10 days ago
China GDP Growth Tops Expectations
China's economy registered a faster-than-expected growth in the second quarter with strong support from exports and industrial production despite the US trade tariff threats but weaker investment and persistent deflation continued to pose challenges. Gross domestic product expanded 5.2 percent on a yearly basis after rising 5.4 percent in the previous quarter.
RTTNews | 16 days ago
