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Oct 24 β€’ 7 tweets β€’ 8 min read
JUST IN
China Q3 GDP data:
Q3 GDP YoY +3.9%[Est.+3.3%;Prev.+0.4%]
Q3 GDP QoQ +3.9%[Prev.-2.6%]
#China #GDP #EconTwitter πŸ‡¨πŸ‡³
More data will be updated in this thread.
1/
CHINA SEPT HOME PRICES FALL 0.28% MONTH ON MONTH
#China #EconTwitter πŸ‡¨πŸ‡³
2/
China' Sept urban surveyed unemployment rate 5.5%[Est. 5.2%; Prev. 5.3%]
Jan-Sept urban fixed assets investment +5.9% y/y [Est.+6.00%;Prev.+5.8%]
Industrial value-added +6.3% y/y [Est.+4.5%;Prev.+4.2%]
Retail sales +2.5% y/y [Est.3.3%;Prev.5.4%]
#China #GDP #EconTwitter πŸ‡¨πŸ‡³
3/
In Sept, #China's total retail sales were recorded at 3.77 trillion yuan, up 2.5% y/y or up 0.43% m/m.
Among them, retail sales of goods were 3.39 trillion yuan, which rose by 3% y/y; The total revenue for the catering industry was 376.7 billion yuan, down 1.7%.
4/
#China's Jan-Sept nationwide fixed-asset investment increased by 5.9% y/y to 42.14 trillion yuan, recovered by 0.53% m/m.
The investments in #mining rose 5.7% y/y in the first 9 months, and the #manufacturing industry added 10.1% y/y.
5/ #econtwitter #investment πŸ‡¨πŸ‡³
#China's Sept industry output increased by 6.3% y/y or rose by 0.84% m/m.
#Crudeoil refinery +1.9% to 57 million tons per day.
Power generation -0.4% to 0.68 TWh.
Automobile production +25.4% to 2.76 mln units.
#Steel production +12.5% to 1.16 trillion tons.
6/ #OOTT #EconTwitter
#China's Jan-Sept #realestate development investment fell by 8.0% y/y to 10.36 trillion yuan.
Residential housing sales areas dropped by 22.2% y/y to 10.1 billion square meters, and the total sales dropped 26.3% y/y to 9.93 trillion yuan.
Sentiment 94.86πŸ“‰
7/ #property #housing

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More from @Sino_Market

Oct 24
China September trade balance(in USD term) $84.75bln; Est. $80.3 bln, Prev. $79.39 bln;
#Imports +0.3% y/y ; Est. +0.0%, Prev.+0.3%;
#Exports +5.7% y/y ; Est. +4.0%, Prev.+7.1%.
1/ thread #trade #import #export #economy πŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
#China September Yuan-denominated trade data
Trade balance +573.57 bln yuan; Est.+564.30 bln yuan, Prev.+535.91 bln yuan;
Imports +5.2% y/y, Est.+8.4%, Prev.+4.6%.
Exports +10.7% y/y, Est.+11.3%, Prev.+11.8%.
2/ thread #trade #import #export #econtwitter πŸ‡¨πŸ‡³
CHINA JAN.-SEPT. IMPORTS RISE 4.1% Y/Y, EXPORTS +12.5%.
3/Thread #trade #import #export #econtwitter πŸ‡¨πŸ‡³
Read 6 tweets
Oct 18
European Commission Proposes Package of Emergency Energy Measures.
#EU #ONGT #OOTT
EU Proposes Rules to Launch Joint Gas Buying Among EU Countries. Joint Gas Buying Would Need to Cover 15% of Volumes Needed to Meet EU Storage Filling Targets in Winter 2023, Would Not Buy Russian Gas.
#EU #ONGT #OOTT
EU Proposes Bloc's Energy Regulator Should Launch New Liquefied Natural Gas Price Benchmark by 31 March 2023. EU Energy Regulator Acer Would Be Required to Start Daily Lng Price Assessment Two Weeks After Eu Proposal Becomes Law.
#EU #ONGT #OOTT
Read 5 tweets
Oct 17
UK FINANCE MINISTER HUNT: CENTRAL RESPONSIBILITY FOR GOVT IS TO ENSURE ECONOMIC STABILITY. EVERY GOVERNMENT CAN GIVE CERTAINTY ABOUT SUSTAINABILITY OF PUBLIC FINANCES. GOVERNMENT IS MAKING FURTHER CHANGES TO MINI BUDGET.
#UK $GBP
UK FINANCE MINISTER HUNT: WILL GIVE STATEMENT TO PARLIAMENT LATER TODAY. WE WILL REVERSE ALMOST ALL TAX MEASURES ANNOUNCED IN SEPT 23 GROWTH PLAN. NOT RIGHT TO BORROW TO FUND TAX CUTS.
#UK $GBP
UK FINANCE MINISTER HUNT: STAMP DUTY CHANGES, NATIONAL INSURANCE CHANGES WILL GO AHEAD. ENERGY PRICE GUARANTEE WILL NOT CHANGE UNTIL APRIL. WOULD NOT BE RESPONSIBLE TO EXPOSE PUBLIC FINANCES TO INTERNATIONAL VOLATILITY INDEFINITELY.
#UK $GBP
Read 4 tweets
Sep 16
RMB exchange rate will remain basically stable: Cailianshe cites sources close to central bank
#China $CNY $CNH
RMB exchange rate breaking 7 mark has helped ease pressures that could trigger short-term depreciation: sources
#China $CNY $CNH
PBoC is closely monitoring the RMB exchange rate and will adhere to a managed floating exchange rate system based on market situation and adjusted with reference to a basket of currencies: sources
#China $CNY $CNH
Read 4 tweets
Sep 16
⚑China's industry ministry MIIT says lithium producers shall not collude in pricing or seriously deviate from cost pricing.
#China #lithium #EVs
⚑China's industry ministry MIIT held a symposium with lithium producers Thursday and came to the conclusion that China's lithium resources reserve could meet domestic demand.
#China #lithium #EVs
⚑China's industry ministry MIIT says to promote development of lithium industry and accelerate development and utilization of domestic resources.
#China #lithium #EVs
Read 5 tweets
Sep 16
#China's August urban surveyed unemployment rate 5.3%[Est. 5.4%;Prev. 5.4%]
Jan-Aug urban fixed investment +5.8% y/y [Est.+5.5%;Prev.+5.7%]
Aug industrial value-added +4.2% y/y [Est.+3.8%;Prev.+3.8%]
Aug retail sales +5.4% y/y [Est.+3.5%;Prev.+2.7%]
1/n #GDP #EconTwitter πŸ‡¨πŸ‡³
China produced 5.74 million tons of non-ferrous metal in August, which rose by 6.7%, the most since January 2021.
Jan-Aug non-ferrous metal productions +1.9% to 44 million tons.
2/ #China #copper #aluminum
In Aug, #China's total retail sales were recorded at 3.6258 trillion yuan, up 5.4% y/y but dropped 0.05% m/m.
Among them, retail sales of goods were 3.25 trillion yuan, which rose by 5.1% y/y; The total revenue for the catering industry was 374.8 billion yuan, surged 8.4% y/y.
3/
Read 6 tweets

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