China Fixed Asset Investment (YTD) YoY
Investment in fixed assets in China constitutes one of the most important indicators of capital spending. A total of 5 million yuan is expected to be invested in construction projects, machinery, and equipment, as well as real estate development in both urban and rural locations. State-owned firms and private organizations, institutions, and individuals are referred to made investments in this sector.
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 Activity Shrinks In November
China's manufacturing activity shrank slightly in November as production growth came to a halt amid stagnating new orders, survey results from S&P Global showed on Monday. The RatingDog manufacturing Purchasing Managers' Index fell to 49.9 in November from 50.6 in October. A score below 50.0 indicates contraction in the sector.
RTTNews | 1 day ago
China Maintains Key Interest Rates As Expected
The People's Bank of China maintained its benchmark lending rates for the sixth straight month. The PBoC kept its one-year loan prime rate unchanged at 3.0 percent on Thursday. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The decision came in line with expectations.
RTTNews | 12 days ago
China Industrial Output, Retail Sales Growth Eases
China industrial production and retail sales grew at weaker rates in October and investment downturn deepened as economic activity weakened towards the end of the year. Industrial production logged an annual growth of 4.9 percent in October, the National Bureau of Statistics said Friday. This followed September's 6.5 percent expansion.
RTTNews | 18 days ago
