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 Service Sector Growth Moderates In April
China's service sector continued to expand in April but the pace of growth moderated slightly, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index fell to 52.5 in April from 52.7 in the previous month. A reading above 50.0 indicates expansion in the sector. The official PMI survey results also showed that the private sector growth moderated in April.
RTTNews | 2 days ago
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.
RTTNews | 2 days ago
China Manufacturing Sector Accelerates In April - Caixin
The manufacturing sector in China continued to expand in April, and at a faster pace, the latest survey from Caixin said on Tuesday with a manufacturing PMI score of 51.4.
RTTNews | 8 days ago
