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2020 - 08 - 17
Rebound in factory activities to boost economic momentum in key sectorsChina is one of a few large economies expected to expand and substantially contribute to global GDP growth in 2020 and 2021, said the authors of a latest report jointly issued by Oliver Wyman and Silk Road Associates.'Even with manufacturing challenges and the potentially longer and more pervasive challenges that may exist in some of the service sector, we still see growth across China and that being a key source of global growth,' said Peter Reynolds, partner and head of Oliver Wyman China.'We've seen a rel...
2020 - 08 - 13
Fresh data from the central bank showed that China's new yuan-denominated loans hit 992.7 billion yuan (about 142.4 billion U.S. dollars) in July, down 63.1 billion yuan compared with the same month of last year.Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July, down from 1.81 trillion yuan in the previous month and compared with 1.06 trillion yuan a year earlier.The country's M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 10.7 percent year on year to 212.55 trillion yuan at the end of Jul...
2020 - 08 - 10
China's economic rebound was better than expected in the second quarter (Q2) amid the COVID-19 epidemic, said a World Bank official.'It is indeed higher than what we had projected back in June when we released our Global Economic Prospects report, and we have upgraded our forecast accordingly,' Martin Raiser, World Bank country director for China, told Xinhua in an exclusive interview.China's economy grew 3.2 percent year on year in the second quarter, following a 6.8-percent contraction in the first quarter, according to the National Bureau of Statistics (NBS).NBS figures show...
2020 - 08 - 07
China's building materials sector saw generally stable production as the value-added output in June went up 4.8 percent year-on-year, official data showed.During the January-June period, the total output of the sector shrank by 2.2 percent year-on-year, narrowing 1.9 percentage points from the drop in the first five months, according to the Ministry of Industry and Information Technology (MIIT).In breakdown, the output of cement declined 4.8 percent year-on-year to 1 billion tons, while that of flat glass edged down 0.4 percent, basically recovering to the level recorded in the same period...
2020 - 08 - 03
China's industrial capacity utilization rate stood at 74.4 percent in the second quarter of 2020, rising 7.1 percentage points from the first quarter as the country has been resuming work and production, official data showed Thursday.Manufacturing capacity utilization rate increased by 7.6 percentage points from the first quarter to 74.8 percent, leading in the three major sectors, according to the National Bureau of Statistics (NBS).The figure of the mining sector grew 5 percentage points from the first quarter to 72.1 percent in the second quarter, while that for the production and suppl...
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