China House Prices Fall Further On Subdued Demand

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 | 19h 48min 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

China Holds Benchmark Lending Rates As Expected

The People's Bank of China left its interest rates unchanged for the sixth successive session on Monday. The central bank retained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was 3.60 percent, unchanged from the previous month. The decision matched expectations.

RTTNews | 16 days ago

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 | 21 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 | 23 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 | 27 days ago

China Services Activity Growth Accelerates

China's service sector growth accelerated to a three month-high in March on rising business activity and new orders, survey data from S&P Global showed on Thursday. The Caixin services Purchasing Managers' Index logged 51.9 in March compared to 51.4 in February. The index has remained above the crucial 50.0 no-change mark for the twenty-seventh straight month.

RTTNews | 35 days ago

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China House Prices Fall Further On Subdued Demand