The National Bureau of Statistics of China published two reports on the results of March. According to the first, industrial production in China increased by 8.5% in annual terms, which turned out to be much better than economists' forecasts, who had expected a growth rate of only 5.9%. The second statistical report showed an increase in retail sales by 8.7% year-on-year. This figure also exceeded the growth predicted by economists - by 8.4%. The mining industry recorded an increase in production by 4.6%, in the manufacturing industry - by 9%. The volume of electricity generated increased by 7.7%. In agriculture, production growth was at the level of 5.7%, in pharmaceuticals - at the level of 6.9%. Food was produced 4.8% more than a year earlier. Automobile production increased by 2.6%. In the retail sector, sales of consumer goods increased by 8.6%, consumer electronics - by 15.2%.
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 ...
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 ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...