CH GDP q/y

Iron ore futures ticked up on Friday to head for a weekly rise at four-week-high levels as a raft of better-than-expected data from top consumer China buoyed sentiment and China demand stayed resilient. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 1.27% higher at 800 yuan ($109.19) a metric ton,the highest since Dec. 17, 2024. The benchmark February iron ore on the Singapore Exchange rose 0.31% to $103 a ton, as of 0333 GMT, the highest since Dec. 18, 2024. Both benchmarks ...

China’s “data dump” delivered mixed news for industrial metals. Home prices stabilized, industrial output breezed past expectations, but the downturn in the property market—a key source of commodity demand—showed a slight acceleration. New home prices eased just 0.08%, marking the smallest monthly decline in 18 months. Falls in existing home prices also slowed to 0.31%, according to Bloomberg calculations. Industrial output was the standout, growing 6.2% over the year versus forecasts for 5.4%. Within that, crude steel output surged ...

China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target. Fourth-quarter GDP beats expectations with 5.4% growth, according to China’s National Bureau of Statistics. Reuters-polled economists had estimated a 5.0% growth in the final quarter. That was faster growth compared with the 4.6% in the third quarter, 4.7% in the second quarter, 5.3% in the first quarter. The full-year economic expansion was lower ...

Amid U.S. tariff news and upcoming Chinese data, Copper futures continue their rise. Bob Iaccino discusses the four-day rally in Copper futures of nearly 3%.

As promised government support is still to meaningfully kick in, China’s economy hasn’t yet seen the turnaround investors have been waiting for. While policymakers have, since late September, cut interest rates and announced broad stimulus plans, details on highly anticipated fiscal support won’t likely come until an annual parliamentary meeting in March. Official GDP figures for 2024 are due Friday. “China’s fiscal stimulus is not yet enough to address the drags on economic growth ... We are cautious long term given China’s ...

China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since late September, but markets are waiting for more details on the size of the package and a clearer road map to put the economy back on a solid longer-term footing. The world's second-largest economy grew 4.6% in July-September, ...

China’s economy struggles to meet expectations, raising questions about future growth prospects. On Friday, October 18, China’s economy was in the spotlight. Q3 GDP, retail sales, unemployment, and industrial production figures drew investor interest. The economy expanded by 4.6% in Q3 2024, slower than the 4.7% growth reported for Q2 2024. Economists expected growth of 4.5%. Significantly, growth was notably below the government’s 5% growth target for 2024. While growth slowed in the third quarter, other economic indicators ...