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2021 - 07 - 26
Newly released data has shown that the strength of China's economic recovery in the first half has laid a good foundation for full-year performance.It is worth noticing that the COVID-19 pandemic is the most important factor impacting economic growth for both 2020 and 2021.Last year, due to COVID-19 and the deep recession of the global economy, China's economic growth slowed sharply. Economic prospects for this year also primarily depend on how the COVID-19 situation evolves.The good news is that with wide and speedy inoculations via vaccines, the COVID-19 situation is being alleviated...
2021 - 07 - 21
China's value-added industrial output, an important economic indicator, went up 15.9 percent year on year in the first half of this year, data from the National Bureau of Statistics (NBS) showed Thursday.The figure puts average H1 growth for the past two years at 7 percent, 0.2 percentage points faster than the two-year average of Q1 growth from the 2019 level, according to the NBS.In the second quarter, industrial output went up 8.9 percent year on year, while in June alone, it rose 8.3 percent year on year, the NBS said.The industrial output is used to measure the activity of designated ...
2021 - 07 - 12
In the past few decades, China has quickly caught up with its international counterparts in retail properties, and the sector is further evolving and diversifying in accordance with the needs of Chinese consumers. Under the dual-circulation development pattern, various retail properties-including department stores, shopping malls, commercial complexes, duty-free shopping sites and outlets-are welcoming new opportunities in the world's second-largest economy.Contribution of consumption has accounted for more than half of China's economy, with more diversified demand emerging from dual-c...
2021 - 07 - 09
China's GDP growth is projected to reach 8.5 percent on a yearly basis in 2021, thanks to the pent-up demand and strong exports, according to the World Bank, which updated the economic forecasts in its regional economic report on Tuesday.It marks an upward revision by 0.6 percentage points from the World Bank's projections in December 2020, largely due to stronger-than-expected foreign demand, it said.The World Bank also predicted that China's year-on-year GDP growth may moderate to 5.4 percent in 2022, when the low base effects dissipate. It reflects the progressive de-risking and...
2021 - 07 - 06
SteelHome Macroeconomic InfoDomestic Macro NewsEconomic Watch: China's June Manufacturing Remains in Expansion Zone [SteelHome] 2021-07-01 10:23:31China's manufacturing activity expanded for the 16th consecutive month in June but at a slower pace due to chip and power supply shortages and minor resurgence of COVID-19 in certain areas, official data showed.The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.9 this month, slightly down from 51 in May, data from the National Bureau of Statistics (NBS) showed on Wednes...
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