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China GDP Growth Rate QoQ
For the Chinese economy, the growth rate in GDP is defined as the change in the seasonally adjusted value of all products and services generated by the country's economy during a quarter. As China's conventional development engines of manufacturing and construction begin to slow, services have emerged as the country's new engine of growth. Increased strength in services and consumption over the past few quarters has helped to compensate for weaker manufacturing and exports.
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 Economic Growth Beats Expectations
China's economy logged stronger-than-expected growth in the first quarter as fiscal support helped to boost domestic demand but escalating trade tariff threats damps the outlook. Gross domestic product grew 5.4 percent year-on-year, data published by the National Bureau of Statistics revealed on Wednesday. This was better than economists' forecast of 5.1 percent.
RTTNews | 2 days ago
China Exports Rise Sharply; Imports Fall More Than Forecast
China's exports increased sharply in March as US importers front loaded their orders ahead of "Liberation Day" but imports declined due to weaker domestic demand, official data revealed on Monday. Exports logged an annual growth of 12.4 percent in March, the customs office reported. This was much bigger than the expected growth of 4.4 percent. Moreover, the rate far exceeded the 2.3 percent rise.
RTTNews | 4 days ago
China Consumer Prices Fall For Second Month
China consumer prices declined for the second consecutive month in March amid trade tariffs set to increase supply and exacerbate downward pressure on prices. Consumer prices dropped unexpectedly by 0.1 percent on a yearly basis, following the 0.7 percent fall in February, the National Bureau of Statistics reported Thursday. Prices were expected to remain flat in March.
RTTNews | 8 days ago
