China Imports YoY
As a result of poor domestic demand and ongoing trade concerns with the United States, imports into China declined by 2.7% in 2019, marking the first annual decline in three years. Machinery and transport equipment accounted for 38% of total imports, led by electrical machinery, apparatus, and appliances 21%, road vehicles 4% telecommunications, and sound recording and reproducing apparatus and equipment 3%, and office machines and automatic data processing machines 3%. Other important categories included: mineral fuels, lubricants, and related materials 17%, petroleum, petroleum products, and related materials 13%, as well as natural and manufactured gas 3%, crude materials, inedible, except fuels 14%, which included metalliferous ores, metal scrap 9%, and chemicals and related products 11%, due to organic chemicals 3%, manufactured miscellaneous items 7%; manufactured goods categorized mostly by material 7%, food and live animals 4%. The European Union (the biggest source of income) accounted for 13% of total imports, with Germany 5% and France 2%, along with South Korea, Taiwan, Japan (8% each), the United States and Australia (both 6%), Brazil 4%, Malaysia, Vietnam, Russia, and Saudi Arabia (3% each), Thailand, Singapore, and Indonesia (2% each).
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 Industrial Output, Retail Sales Miss Expectations
China's industrial production and retail sales grew at weaker than expected rates in August and fixed asset investment logged only a meagre growth, strengthening the call for both monetary and fiscal stimulus. Industrial output expanded 5.2 percent on a yearly basis in August, weaker than the 5.7 percent increase in July, the National Bureau of Statistics reported Monday.
RTTNews | 4 days ago
China Falls Back Into Deflation; PPI Continues To Decline
China's consumer prices declined more than expected in August on weaker demand and producer prices continued to fall, strengthening calls for more actions to bolster domestic consumption amid slowing exports growth. The consumer price index dropped 0.4 percent from a year ago after remaining flat in July, the National Bureau of Statistics reported Wednesday. Prices were expected to fall 0.2 perc
RTTNews | 9 days ago
China Exports Growth Softens More Than Forecast
China's exports growth moderated more than expected in August as frontloading gains from the U.S. started to fade but demand from Europe and Asean countries picked up strongly. Exports grew 4.4 percent year-on-year in August, which was slower than the 7.2 percent rise in July, the customs office reported Monday. This was also weaker than forecast of 5.0 percent.
RTTNews | 11 days ago
