Chinese Economy

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.…

China’s economic vitality heats up global recovery As international organi-zations and investment institutions lifted their forecast on China’s economic growth this year, the international community has gained stronger confidence in the Chinese economy. There is an increasingly prevalent view that China will be a major driver of global recovery. It…

The revenue posted by SMIC is arguably one of the biggest signs of recovery for the Chinese economy. Semiconductor Manufacturing International Ord Shs (HKG: 0981) the largest chipmaker in China has posted better-than-expected revenue for the 2022 financial year. As reported by CNBC citing the company’s published financials, it said…

China’s oil and gas demand declines in 2022 as a result of its covid-19 policies. IEA: China to account for 50% of currently projected global oil demand growth in 2023. OPEC: China’s plans to expand fiscal spending to aid the economic recovery is likely to support oil demand in manufacturing,…

From Wednesday, the price of 93 and 95-grade unleaded petrol will rise by 28 cents a litre while the cost of diesel (0.05% sulphur) will increase by 9.16 cents a litre.  South Africa’s fuel prices are influenced by global oil prices and the rand exchange rate because the country imports…

Today we witness particularly hard times for the entire world because no country -- poor and rich -- has been spared of inflation. The argument by experts is that effects of COVD-19 -- let alone other adverse economic conditions that prevailed before the pandemic broke out -- have spared no…