Reklāma
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 Unveils Monetary Easing Measures
The People's Bank of China reduced its benchmark interest rate and reserve requirement ratio and also unveiled a slew of measures to support economy hit by trade tariffs. The PBoC cut the 7-day reverse repo rate by 10 basis points to 1.4 percent. The new rate takes effect on May 8.
RTTNews | 7h 58min ago
China Service Sector Growth Softens In April
China's service sector grew at the slowest pace in seven months in April as disruptions to goods trade amid fresh tariffs negatively impacted new work of some service providers, survey data from S&P Global revealed Tuesday. The Caixin Services Purchasing Managers' Index fell to 50.7 in April from 51.9 in March. The reading was forecast to drop moderately to 51.7.
RTTNews | 1 day ago
China Manufacturing Activity Shrinks On Weak Exports
China's manufacturing activity contracted in April as tariff threats damped export orders, official purchasing managers' survey data from the National Bureau of Statistics revealed Wednesday. The official manufacturing PMI slid to 49.0 in April from 50.5 in March. This was the lowest score in 16 months and also remained below forecast of 49.7.
RTTNews | 7 days ago
