Chinese Economy

Updated: Jul 3, 2023, 14:20 UTC•2min read In June, the China Caixin Manufacturing PMI avoided sub-50. However, weak overseas demand continued to spell trouble for the Chinese economy. Highlights It was a busy start to the week on the Asian economic calendar. Manufacturing PMIs from China garnered interest, with the…

NZD/USD has refreshed its two-week low at 0.6113 amid a bleak outlook for China. Investors have turned risk-averse ahead of the speech from Fed Jerome Powell. NZD/USD is consistently forming lower highs, which indicates that investors are capitalizing on each pullback as a selling opportunity. The NZD/USD pair has printed…

© Reuters. FILE PHOTO: A view of the city skyline and Huangpu river, ahead of the annual National People's Congress (NPC), in Shanghai, China February 24, 2022. Picture taken February 24, 2022. REUTERS/Aly Song/File Photo By Joe Cash BEIJING (Reuters) - A slowdown in both the Chinese and global economies…

Author of the article: Published May 17, 2023  •  2 minute read HONG KONG — Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes…

It was a busy morning on the Asian economic calendar, with the Chinese economy in the spotlight. China’s industrial production, retail sales, fixed asset investments, and unemployment figures drew interest. However, the numbers failed to mirror the optimistic forecasts. According to the National Bureau of Statistics, industrial production increased by…

Economist at UOB Group Ho Woei Chen, CFA, assesses the latest trade balance results in the Chinese economy. Key Takeaways “China’s exports rose for the second consecutive month in Apr, boosted by a low base due to the Shanghai lockdown last year. The contraction in imports suggest weaker-than-expected domestic demand…

LUXEMBOURG / ACCESSWIRE / April 27, 2023 / Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three months ended March 31, 2023. CEO Message - Ignacio Rosado "We started 2023 in the context of a challenging and volatile external environment led by the recent…

Bond yields were a fraction softer early Tuesday as traders expressed increasing certainty of just one more rate rise by the Federal Reserve this cycle. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.215% fell by 2.1 basis points to 4.182%. Yields move in the opposite direction to prices.…

Economists at Standard Chartered provide a brief outlook on the Chinese economy for the second quarter of 2023, based on the mixed economic performance witnessed in the first quarter. Key quotes “China’s headline GDP growth rebounded to 4.5% y/y in Q1 from 2.9% y/y in Q4-2022, beating the consensus forecast…

By Charles Kennedy - Mar 15, 2023, 1:39 AM CDT Chinese refinery throughput climbed in January and February, both compared with a year earlier and compared with December 2022. The increase was driven by a recovery in Chinese demand, particularly demand for gasoline and jet fuel as travel picks up.…