CH Retail Sales y/y

China’s authorities have ramped up efforts to boost the struggling economy. Although many China watchers were seemingly disappointed with the latest stimulus measures, providing local governments (LGs) a rather hefty CNY10 trillion (8% of 2023 GDP) in debt relief is significant. Nonetheless, Beijing still needs to do much more as it faces the prospect of U.S. President-elect Donald Trump following through on his pledge to raise U.S. tariffs to 60%-to-100% on all imported goods from China. An across-the-board tariff hike will be ...

The National Bureau of Statistics kicked off the day of data releases in China with October's 70-city property prices still in decline but showing signs of improvement. New home prices fell by -0.51% month-on-month, up from -0.71% MoM in September, while secondary home prices fell by -0.48% versus a -0.93% MoM move the prior month. The rate of the decline was the smallest since March for new home prices, and the smallest since September 2023 for the secondary market. An encouraging sign was that 11 of the 70 cities saw secondary ...

China’s National Bureau of Statistics is scheduled Friday to release retail sales, industrial production and fixed-asset investment data for October. Retail sales are expected to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September. Industrial production was forecast to have risen by 5.6%, the poll showed, up from 5.4% the prior month. Fixed-asset investment, reported on a year-to-date basis, was anticipated to post 3.5% growth from a year ago, up from the 3.4% pace in ...

China on Friday reported better-than-expected retail sales and industrial production for September. Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Sales rose at a faster clip than last month’s 2.1% growth. Meanwhile, industrial production expanded 5.4% in September from a year ago, more than the 4.5% expected by analysts. From January through September, fixed asset investment grew 3.4% from a year ago. China also reported an urban ...

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 ...

Asia kicks off the trading week on Monday with investors likely to give a big thumbs down to yet another batch of uniformly disappointing economic indicators from China, while at the same time cheering one of Wall Street's best weeks of the year. Fueled by growing hopes that the Federal Reserve will kick off its interest rate-cutting cycle with a 50-basis-point cut rather than a quarter-pointmove later this week, U.S. stocks rose solidly on Friday, which could provide a good springboard for Asia on Monday. The S&P 500 got to within ...