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In April, industrial production in China grew by 5.4% year-on-year, the country's national Bureau of Statistics reported. Compared to the March rise by 8.5%, its growth slowed. Economists had expected a less significant slowdown - up to 6.5%. The mining industry recorded an increase in production by 2.9%. Electricity production increased by 3.8%, while the manufacturing industry showed an increase of 5.3%. Growth was also recorded in agriculture, the pharmaceutical industry and in the manufacture of industrial equipment, while the automotive and textile industries indicated a decline in production. According to another April report, retail sales in China increased by 7.2% in annual terms, also slowing growth, compared with a rise of 8.7% a month earlier. Last month, sales of consumer goods, food and electronics increased, while sales of clothing, cars and building materials declined.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
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