CNY Forex News
China Exports & Imports Rebound In April
China's exports and imports rebounded more than expected in April after a weak trade data in the previous month that boost hopes that net trade would support economic growth, official data revealed Thursday. Largely due to the lower base of comparison, exports advanced 1.5 percent on a yearly basis in April, the customs office reported. This was faster than the 1.0 percent expected growth and rev
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1 day ago
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.
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4 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.
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4 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.
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10 days ago
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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10 days ago
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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18 days ago
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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24 days ago
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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24 days ago
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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25 days ago
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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29 days ago
