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China Services Sector Ebbs In April - Caixin

China Services Sector Ebbs In April - Caixin

The services sector in China continued to expand in April, although at a slower pace, the latest survey from Caixin revealed on Monday with a services PMI score of 52.5.
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China Manufacturing PMI Slows To 50.4 In April - NBS

China Manufacturing PMI Slows To 50.4 In April - NBS

The manufacturing sector in China continued to expand in April, albeit at a slower pace, the National Bureau of Statistics said on Tuesday with a manufacturing PMI score of 50.4.
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China Keeps Lending Rates Unchanged As Expected

China Keeps Lending Rates Unchanged As Expected

China maintained its benchmark lending rates unchanged as expected after the economy showed signs of improvement at the start of the year. At a monthly fixing on Monday, the People's Bank of China kept the one-year loan prime rate at 3.45 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.95 percent.
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China GDP Growth Tops Expectations In Q1

China GDP Growth Tops Expectations In Q1

China's economy posted a stronger-than-expected growth in the first quarter as strong exports on the back of weaker currency helped to counteract the downturn in the property market. Gross domestic product grew 5.3 percent on a yearly basis in the first quarter, the National Bureau of Statistics reported Tuesday. The growth rate exceeded both expectations of 5.0 percent and the previous quarter'
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China GDP Expands Annualized 5.3% In Q1

China GDP Expands Annualized 5.3% In Q1

China's gross domestic product gained 5.3 percent on year in the first quarter of 2024, the National Bureau of Statistics said on Tuesday - exceeding expectations for an increase of 4.8 percent and up from 5.2 percent in the previous three months.
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China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China left its medium-term lending facility rate unchanged on Monday as the central bank focus more on diverting risks to the weakening yuan. The People's Bank of China conducted CNY 100 billion of one-year MLF at an interest rate of 2.5 percent. The interest rate was kept unchanged from the previous session. The bank injected CNY 2 billion via seven-day reverse repos at a rate of 1.8 percent.
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China Inflation Eases More Than Expected; Producer Prices Fall Further

China Inflation Eases More Than Expected; Producer Prices Fall Further

China's consumer price inflation slowed more than expected in March and producer prices continued to decline, reflecting the existence of deep deflationary pressures. The consumer price index gained only 0.1 percent on a yearly basis in March, the National Bureau of Statistics said Thursday. This was slower than the 0.7 percent rise in February and also weaker than economists' forecast.
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Fitch Lowers China's Rating Outlook On Risks To Public Finances

Fitch Lowers China's Rating Outlook On Risks To Public Finances

Fitch Ratings lowered China's rating outlook on Wednesday citing rising risks to public finance amid the economy transforming to a more sustainable growth path from its current property-reliant growth model. China's sovereign rating outlook was downgraded to 'negative' from 'stable'.
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