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China Exports YoY
China's rapid economic development has been fueled in large part by the country's rapid increase in exports. China's exports climbed by 0.5% in 2019, a significant slowdown from a 10% surge in 2018, with supplies to the United States decreasing substantially as a result of persistent trade concerns. Machinery and transport equipment accounted for 48% of total exports, with electrical machinery, apparatus, and appliances accounting for 14%, telecommunications, and sound recording and reproducing apparatus and equipment accounting for 12%, office machines and automatic data processing machines accounting for 8%, and general industrial machinery and equipment, as well as machine parts accounting for 8 percent (5%). In addition, predominantly categories are: miscellaneous manufactured articles (23%), furniture and parts thereof (3%), manufactured goods classified chiefly by material (16%), such as textile yarn, fabrics, made-up articles (5%), manufactures of metals (4%), iron and steel (2%), chemicals and related products (6%), food and live animals. The European Union and the United States were the most popular destinations for Chinese exports, accounting for 17% of total exports in each case. Hong Kong (11%), Japan (6%), South Korea (4%), Vietnam (4%), Germany (3%), India (3%), and the Netherlands (3%). There are 2% contributions from the United Kingdom, Taiwan, Singapore, Malaysia, Russia, Australia, Indonesia, Thailand, and the Philippines, accordingly.
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 Services Activity Logs Softest Growth In 9 Months
China's services activity expanded at the slowest pace in nine months in June on falling export business, survey data from S&P Global showed on Thursday. The Caixin services Purchasing Managers' Index registered 50.6 in June, down from 51.1 in May. The score has remained above the 50.0 threshold for the thirtieth consecutive month and the reading signaled the softest rise since last September.
RTTNews | 5 days ago
China Manufacturing Activity Returns To Growth
China's manufacturing sector returned to growth in June on higher new orders and a renewed rise in production, survey data from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index rose to 50.4 in June from 48.3 in May. A reading above 50.0 indicates expansion. The survey showed that the growth was driven by a renewed expansion in manufacturing output.
RTTNews | 7 days ago
China Holds Loan Prime Rates As Expected
The People's Bank of China left its benchmark interest rate unchanged on Friday after reducing it last month. The central bank maintained its one-year loan prime rate at 3.0 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent.
RTTNews | 18 days ago
