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CN Wire

@Sino_Market

Sep 15

⚡#China Economic data:
1️⃣Aug retail sales 3.4% y/y [Est.3.9%]
2️⃣Aug industrial growth 5.2% y/y [Est.5.7%]
3️⃣Jan-Aug fixed asset investment 0.5% y/y [Est.1.6%]
Aug Unemployment 5.3% [Prev. 5.2%]

1/ Thread #EconTwitter 🇨🇳 mktnews.com/calendar.html?…

🇨🇳In August, #China's total retail sales were recorded at 3.967 trillion yuan, up 3.4% y/y.
🟦Retail sales of goods were 3.52 trillion yuan, which rose by 3.6%y/y.
🟨Total revenue for the catering industry was 449 billion yuan, which rose 2.1% y/y.
*Online goods sales jumped by 9.6% y/y to 9.98 trillion yuan, supported by nationwide subsidies.
2/n #RetailSales #EconTwitter #ChinaChart

1⃣ #China's August industry output +5.2%y/y or +0.37%m/m. 📉
2⃣ #Crudeoil refinery +7.6% to 63.46 million tons.📉
Power generation +1.6% to 0.936 TWh. #OOTT
3⃣ #Automobile production +10.5 % to 2.75 mln units, sedan +11.6%. NEVs +22.7% to 1.333 mln units.📈
4⃣ #Steel production +9.7%(+6.4% in July) to 1.23 trillion tons.📈 Cement fell by 6.2% y/y to 1.48 trillion tons.
3/n

Read 5 tweets

CN Wire

@Sino_Market

Aug 31

#China August official #PMI
Manufacturing PMI 49.4 [Est.49.5, Prev.49.3]
Non-Manufacturing PMI 50.3[Est. 50.3, Prev.50.1]
Composite PMI 50.5[Prev.50.2]
#manufacturing #EconTwitter 🇨🇳

Thread 1/n
The economic calendar is here
mktnews.com/calendar.html?…

🇨🇳NBS #PMI breakdown:
🔸Manufacturing production edged up in August. The production index rose by 0.3 percentage points to 50.5%.

🔸Key raw material prices rose by 2.2 pps to 53.3, the highest since October 2024.

🔸The new order index is 49.5%, up by 0.1 pps from the previous month.

🔸Looking at external demand, the new export order index is 47.2%, up by 0.1 pps.

🇨🇳NBS #PMI breakdown:
🔸The large enterprise PMI dropped to 50.5%, +0.2 pps
🔸The medium-sized enterprise PMI 48.9%, -0.6 pps
🔸Small-size business activity rises to 46.6%, +0.2 pps
3/ #China

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CN Wire

@Sino_Market

Oct 8, 2024

https://twitter.com/Sino_Market/status/1843472202496409938

🇨🇳#CN_Update Thread for NDRC
NDRC: Consumption in the market was robust during the just-concluded National Day holiday, full of confidence in achieving the target tasks of economic and social development for the whole year.
#China

https://twitter.com/Sino_Market/status/1843472202496409938

🇨🇳NDRC: China's financial sector has recently stepped up its efforts to launch a package of incremental policies to promote a sustained economic upturn for the better.
#CN_Note
No latest policy measures have been proposed by the NDRC yet.

🇨🇳NDRC: China's market expectations have shown notable improvement recently.
To strengthen support for local governments in debt swaps to mitigate debt risks.
#China

Read 5 tweets

CN Wire

@Sino_Market

Jul 19, 2024

https://twitter.com/Sino_Market/status/1813915734986420727

🔴CPC press conference begins.

https://twitter.com/Sino_Market/status/1813915734986420727

The "Decision on Comprehensively Deepening Reform and Advancing Chinese-style Modernization" proposes more than 300 major reform measures, all of which pertain to aspects of systems, mechanisms, and institutions.
🇨🇳#China #CPC

🇨🇳Some details:
🔸Need to develop policies and mechanisms for the elderly care industry
🔸The systems for property rights protection, information disclosure, market access, and bankruptcy exit need to be improved.
🔸A growth mechanism for future industry investments should be established.
🔸Local governments' autonomous financial power should be increased, and local tax sources should be expanded. #LGFV
🔸Should study tax system that adapts to new business models.
🔸Proactively align with international high-standard economic and trade rules to expand institutional opening.
🔸Unilateral opening should be expanded for the least developed countries.
🔸Mechanisms to promote high-quality and sufficient employment should be improved.

Read 6 tweets

CN Wire

@Sino_Market

Jun 17, 2024

⚡#China May economic data:
Retail Sales 3.7% y/y [Est.3.0%, Prev.2.3%]🔼
Industrial Growth 5.6% y/y [Est.6.0%, Prev.6.7%]🔽
Urban Unemployment 5.0% [Prev. 5.0%]
YTD Fixed Asset Investment 4.0% [Est.4.2%, Prev. 4.2%]🔽
🇨🇳#EconTwitter 1/ Thread

1⃣ #China's Jan-May industry output +5.6% y/y or +0.3% m/m.
2⃣ #Crudeoil refinery -1.8% to 60.52 million tons.
Power generation +2.3% to 0.72 TWh. #OOTT
3⃣ #Automobile production +1.3% to 2.35 mln units, NEVs +33.6% to 0.92 mln units.
4⃣ #Steel production +3.4% to 1.23 trillion.

🇨🇳In Jan-May, #China's total retail sales were recorded at 3.921 trillion yuan, up 3.7%y/y(expanded).
🟦Retail sales of goods were 3.5 trillion yuan, which rose by 3.6%y/y; (expanded)
🟨Total revenue for the catering industry was 427.4 billion yuan, which rose 5.0%. (expanded).

Read 4 tweets

CN Wire

@Sino_Market

Mar 9, 2024

⚡JUST IN:
China February
Annual CPI 0.7% [Est. 0.4% Prev. -0.8%]
Monthly CPI 1.0% [Est. 0.4% Prev. 0.3%]
Annual PPI -2.7% [Est. -2.5% Prev. -2.5%]
Monthly PPI -0.2% [Prev. -0.2%]
*The first rise in consumer prices since August.
#CPI #China #deflation #PPI #EconTwitter 🇨🇳
1/ thread

CHINA CPI BREAKDOWN:
🔸February annual CPI rebounded sharply, the most since Sep. 2009.
🔸The core CPI rose by 1.2% y/y, vs 0.4% y/y in January, marking the highest increase since February 2022.
🔸Food prices dropped by 0.9% y/y, narrowed by 5 percentage points, due to Chinese New Year effects.
🔸Pork roses by 0.2% y/y, for the first time in 9 months.
🔸Vegetables and aquatic products have risen by 2.9%, and 4.1% from the decline in January.
#PPI #Industry #China #EconTwitter #OOTT #deflation 🇨🇳

CHINA PPI BREAKDOWN:
🔸PPI decline narrowed in February.
🔸PPI -0.2% m/m🟨, with a -0.2% input prices🟨 and a narrower decline in producer prices for consumption goods (-0.1%)🟨.
3/
#PPI #Industry #China #EconTwitter #OOTT #deflation 🇨🇳

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