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Foreign Investors Added USD112 Billion in Chinese Bonds From Jan.-Sept.
ZHANG YUSHUO
DATE : OCT 09 2019/SOURCE : YICAI
Foreign Investors Added USD112 Billion in Chinese Bonds From Jan.-Sept.
(Yicai Global) Oct. 9 -- Foreign institutional investors added more than CNY800 billion (USD112 billion) worth of Chinese bonds to their holdings during the first three quarters as yuan-denominated bonds continued to entice overseas buyers.
Foreign institutions bought a net CNY110.8 billion worth of Chinese bonds last month, up 59 percent from August, the China Foreign Exchange Trading Center revealed yesterday. They purchased CNY319 billion and sold CNY208 billion worth, with the total transaction value sliding 15 percent from the previous month but growing more than 2.5 times on the year.
"From a global perspective, China's government bond yields are at a relatively high level and that's why foreign capital is entering the Chinese market" said Liu Yu, chief fixed income analyst at Guosheng Securites. "For foreign institutions, the China-US spread is more than 100 basis points, and the currency sovereign risk among G20 nations is quite low, making Chinese bonds attractive to international investors."
As of 9.30 p.m. yesterday Beijing time, China's 10-year government bonds paid 3.139 percent interest, giving a historically high spread against the US equivalent's 1.515 percent.
Foreign institutions made up just 3 percent of the total bond market volume in September, the CFETC added, saying commercial banks based overseas were the most active buyers making up 48 percent of transactions from abroad last month. Foreign central banks and foreign investment products made up 19 percent and 17 percent, with interest rate bonds the favored bills among investors.
ZHANG YUSHUO
DATE : OCT 09 2019/SOURCE : YICAI
Foreign Investors Added USD112 Billion in Chinese Bonds From Jan.-Sept.
(Yicai Global) Oct. 9 -- Foreign institutional investors added more than CNY800 billion (USD112 billion) worth of Chinese bonds to their holdings during the first three quarters as yuan-denominated bonds continued to entice overseas buyers.
Foreign institutions bought a net CNY110.8 billion worth of Chinese bonds last month, up 59 percent from August, the China Foreign Exchange Trading Center revealed yesterday. They purchased CNY319 billion and sold CNY208 billion worth, with the total transaction value sliding 15 percent from the previous month but growing more than 2.5 times on the year.
"From a global perspective, China's government bond yields are at a relatively high level and that's why foreign capital is entering the Chinese market" said Liu Yu, chief fixed income analyst at Guosheng Securites. "For foreign institutions, the China-US spread is more than 100 basis points, and the currency sovereign risk among G20 nations is quite low, making Chinese bonds attractive to international investors."
As of 9.30 p.m. yesterday Beijing time, China's 10-year government bonds paid 3.139 percent interest, giving a historically high spread against the US equivalent's 1.515 percent.
Foreign institutions made up just 3 percent of the total bond market volume in September, the CFETC added, saying commercial banks based overseas were the most active buyers making up 48 percent of transactions from abroad last month. Foreign central banks and foreign investment products made up 19 percent and 17 percent, with interest rate bonds the favored bills among investors.
JSCh
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China's GDP grows 6.2% in first 3 quarters
Xinhua 10:51 UTC+8, 2019-10-18
China's GDP expanded 6.2 percent year on year in the first three quarters of 2019 to about 69.78 trillion yuan (US$9.87 trillion), data from the National Bureau of Statistics showed Friday.
The growth was in line with the government's annual target of 6-6.5 percent set for 2019.
In the third quarter, the country's GDP rose 6 percent year on year, according to the NBS data.
The Chinese economy has maintained overall stability, the statistical authority said at a press conference, while acknowledging that China faces downward pressure amid slower global economic growth and more external uncertainties.
A breakdown of the data showed output of the service sector, which accounted for 54 percent of the total GDP, rose 7 percent in the first three quarters of the year, outpacing a 2.9-percent increase in the primary industry and a 5.6-percent rise in the secondary industry.
Consumption continued to be the mainstay in driving up demand, with the final consumption contributing 60.5 percent to the economic growth in the January-September period, NBS data showed.
Fixed-asset investment
China's fixed-asset investment grew 5.4 percent year on year in the first three quarters of 2019, retreating 0.1 percentage points from the January-August period.
In the first nine months, the FAI amounted to 46.1 trillion yuan (US$6.5 trillion).
Investment by the state sector went up 7.3 percent during the period, while private-sector investment increased 4.7 percent, 0.2 percentage points lower than that in the first eight months.
"Investment has maintained steady growth, with that in high-tech industries continuing to post relatively fast growth," the NBS said in a statement.
Investment in high-tech manufacturing and services surged 12.6 percent and 13.8 percent year on year, respectively.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets.
Industrial output
China's value-added industrial output, an important economic indicator, expanded 5.6 percent year on year in the first three quarters.
Retail sales
China's retail sales of consumer goods rose 8.2 percent year on year in the first three quarters of 2019.
Excluding sales of automobiles, the growth rate reached 9.1 percent during this period.
Retail sales in rural areas rose 9 percent, outpacing the 8-percent expansion in urban areas.
Online sales continued to see robust expansion with 16.8 percent year on year rise in the period, NBS data showed.
Property development
China's investment in property development grew 10.5 percent year on year in the first nine months of 2019, unchanged from the reading of the first eight months.
Industrial capacity utilization rate
China's industrial capacity utilization rate stood at 76.4 percent in the third quarter of 2019, unchanged from the second quarter.
The figure was down 0.1 percentage points from the same period a year earlier.
The utilization rate in the first nine months was 76.2 percent, down 0.4 percentage points from the same period in 2018, the NBS said in a statement.
Among the three major sectors, the mining sector's utilization rate in Q3 jumped 3.6 percentage points from last year. Manufacturing capacity utilization remained flat, while the production and supply of electricity, thermal power, gas and water dipped 2.3 percentage points in utilization.
NBS data also showed that China's value-added industrial output expanded 5.6 percent year on year in the first three quarters.
Xinhua 10:51 UTC+8, 2019-10-18
China's GDP expanded 6.2 percent year on year in the first three quarters of 2019 to about 69.78 trillion yuan (US$9.87 trillion), data from the National Bureau of Statistics showed Friday.
The growth was in line with the government's annual target of 6-6.5 percent set for 2019.
In the third quarter, the country's GDP rose 6 percent year on year, according to the NBS data.
The Chinese economy has maintained overall stability, the statistical authority said at a press conference, while acknowledging that China faces downward pressure amid slower global economic growth and more external uncertainties.
A breakdown of the data showed output of the service sector, which accounted for 54 percent of the total GDP, rose 7 percent in the first three quarters of the year, outpacing a 2.9-percent increase in the primary industry and a 5.6-percent rise in the secondary industry.
Consumption continued to be the mainstay in driving up demand, with the final consumption contributing 60.5 percent to the economic growth in the January-September period, NBS data showed.
Fixed-asset investment
China's fixed-asset investment grew 5.4 percent year on year in the first three quarters of 2019, retreating 0.1 percentage points from the January-August period.
In the first nine months, the FAI amounted to 46.1 trillion yuan (US$6.5 trillion).
Investment by the state sector went up 7.3 percent during the period, while private-sector investment increased 4.7 percent, 0.2 percentage points lower than that in the first eight months.
"Investment has maintained steady growth, with that in high-tech industries continuing to post relatively fast growth," the NBS said in a statement.
Investment in high-tech manufacturing and services surged 12.6 percent and 13.8 percent year on year, respectively.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets.
Industrial output
China's value-added industrial output, an important economic indicator, expanded 5.6 percent year on year in the first three quarters.
Retail sales
China's retail sales of consumer goods rose 8.2 percent year on year in the first three quarters of 2019.
Excluding sales of automobiles, the growth rate reached 9.1 percent during this period.
Retail sales in rural areas rose 9 percent, outpacing the 8-percent expansion in urban areas.
Online sales continued to see robust expansion with 16.8 percent year on year rise in the period, NBS data showed.
Property development
China's investment in property development grew 10.5 percent year on year in the first nine months of 2019, unchanged from the reading of the first eight months.
Industrial capacity utilization rate
China's industrial capacity utilization rate stood at 76.4 percent in the third quarter of 2019, unchanged from the second quarter.
The figure was down 0.1 percentage points from the same period a year earlier.
The utilization rate in the first nine months was 76.2 percent, down 0.4 percentage points from the same period in 2018, the NBS said in a statement.
Among the three major sectors, the mining sector's utilization rate in Q3 jumped 3.6 percentage points from last year. Manufacturing capacity utilization remained flat, while the production and supply of electricity, thermal power, gas and water dipped 2.3 percentage points in utilization.
NBS data also showed that China's value-added industrial output expanded 5.6 percent year on year in the first three quarters.
JSCh
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People's Daily, China✔@PDChina
China's economy from Jan-Oct, National Bureau of Statistics:
-- Retail sales: ￥33.48 trillion, up 8.1%
-- Value-added industrial output, up 5.6%
-- Fixed-asset investment: ￥51.09 trillion, up 5.2%
--Newly employed people in urban areas: 11.93 million, meeting this year's target
China's economy from Jan-Oct, National Bureau of Statistics:
-- Retail sales: ￥33.48 trillion, up 8.1%
-- Value-added industrial output, up 5.6%
-- Fixed-asset investment: ￥51.09 trillion, up 5.2%
--Newly employed people in urban areas: 11.93 million, meeting this year's target
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China-US trade down 11.1% from Jan-Nov, still ‘positive’ in general
By Xie Jun and Song Lin Source:Global Times Published: 2019/12/8 14:47:06
Photo: VCG
China's trade with the US plunged 11.1 percent to 3.4 trillion yuan ($483 billion) in the first 11 months of the year as the long-running bilateral trade war continued to batter both sides, according to customs data released on Sunday. The 11-month decline widened from a 10.6 percent contraction in the first 10 months.
However, China managed to make up for its worsening trade with the US by beefing up trade with other markets, and it achieved what experts described as generally positive trade volume this year.
From January to November, China's exports to the US slid 8.4 percent to 2.64 trillion yuan, while imports from the US fell 19.5 percent to 763 billion yuan. China's trade surplus with the US narrowed 3 percent on a yearly basis to 1.88 trillion yuan.
"The accelerating decline of China's export to the US in recent months was due to the gradually emerging impact of the intensifying trade war in September," He Weiwen, a former senior Chinese trade official and an executive council member of the China Society for World Trade Organization Studies, said on Sunday.
The Trump administration started collecting a 15 percent tariff on about $125 billion of targeted goods from China on September 1. The US planned to add an additional tariff of 15 percent on part of some $300 billion worth of Chinese imports that is scheduled to take effect from December 15.
In recent months, China-US trade relations have been imperiled by the ongoing US-initiated trade war. The two countries have not ceased efforts to reach a trade agreement but there are worries that the two largest economies in the world might walk away from the negotiating table.
He estimated that bilateral trade will contract at least 10 percent for the entire year of 2019. "Of course we should actively push the China-US trade negotiations and strive for the phase one agreement as soon as possible. However, we do not need to fear new difficulties, as the general stable (trade) situation has not changed, " He told the Global Times.
"In general, China's trade successfully withstood the negative pressure from the trade war in 2019," said Li Wei, senior research fellow of the National Academy of Development and Strategy at Renmin University of China, on Sunday.
In the first 11 months of 2019, China's total trade increased 2.4 percent year-on-year to 28.5 trillion yuan. Exports were up 4.5 percent while imports were flat with the previous year, customs data showed.
"It's not easy for China to achieve 2.4 percent trade growth at a time when international trade is slowing significantly," said Li. "China's overall trade status is within my expectations and largely positive."
One positive adjustment, according to Li, is that China has already acted to diversify its import channels under pressure from the trade war.
According to the customs data, China's trade with economies along the routes of the Belt and Road Initiative increased 9.9 percent to 8.35 trillion yuan in the first 11 months of this year. Trade with the EU increased 9.5 percent during the period.
"China has been a little too reliant upon the US market in the past, which led to trade security problems. Now, because of the trade war, China has been forced to speed up diversifying its trade partners. In this sense, the trade war is not all bad," Li told the Global Times.
Trade prospects are promising between China and the Association of Southeast Asian Nations, a vibrant economic region that is geographically close to China, said Li.
China's trade with the bloc jumped 12.7 percent year-on-year in the first 11 months to 3.98 trillion yuan, customs data showed.
By Xie Jun and Song Lin Source:Global Times Published: 2019/12/8 14:47:06
China's trade with the US plunged 11.1 percent to 3.4 trillion yuan ($483 billion) in the first 11 months of the year as the long-running bilateral trade war continued to batter both sides, according to customs data released on Sunday. The 11-month decline widened from a 10.6 percent contraction in the first 10 months.
However, China managed to make up for its worsening trade with the US by beefing up trade with other markets, and it achieved what experts described as generally positive trade volume this year.
From January to November, China's exports to the US slid 8.4 percent to 2.64 trillion yuan, while imports from the US fell 19.5 percent to 763 billion yuan. China's trade surplus with the US narrowed 3 percent on a yearly basis to 1.88 trillion yuan.
"The accelerating decline of China's export to the US in recent months was due to the gradually emerging impact of the intensifying trade war in September," He Weiwen, a former senior Chinese trade official and an executive council member of the China Society for World Trade Organization Studies, said on Sunday.
The Trump administration started collecting a 15 percent tariff on about $125 billion of targeted goods from China on September 1. The US planned to add an additional tariff of 15 percent on part of some $300 billion worth of Chinese imports that is scheduled to take effect from December 15.
In recent months, China-US trade relations have been imperiled by the ongoing US-initiated trade war. The two countries have not ceased efforts to reach a trade agreement but there are worries that the two largest economies in the world might walk away from the negotiating table.
He estimated that bilateral trade will contract at least 10 percent for the entire year of 2019. "Of course we should actively push the China-US trade negotiations and strive for the phase one agreement as soon as possible. However, we do not need to fear new difficulties, as the general stable (trade) situation has not changed, " He told the Global Times.
"In general, China's trade successfully withstood the negative pressure from the trade war in 2019," said Li Wei, senior research fellow of the National Academy of Development and Strategy at Renmin University of China, on Sunday.
In the first 11 months of 2019, China's total trade increased 2.4 percent year-on-year to 28.5 trillion yuan. Exports were up 4.5 percent while imports were flat with the previous year, customs data showed.
"It's not easy for China to achieve 2.4 percent trade growth at a time when international trade is slowing significantly," said Li. "China's overall trade status is within my expectations and largely positive."
One positive adjustment, according to Li, is that China has already acted to diversify its import channels under pressure from the trade war.
According to the customs data, China's trade with economies along the routes of the Belt and Road Initiative increased 9.9 percent to 8.35 trillion yuan in the first 11 months of this year. Trade with the EU increased 9.5 percent during the period.
"China has been a little too reliant upon the US market in the past, which led to trade security problems. Now, because of the trade war, China has been forced to speed up diversifying its trade partners. In this sense, the trade war is not all bad," Li told the Global Times.
Trade prospects are promising between China and the Association of Southeast Asian Nations, a vibrant economic region that is geographically close to China, said Li.
China's trade with the bloc jumped 12.7 percent year-on-year in the first 11 months to 3.98 trillion yuan, customs data showed.
JSCh
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China's industrial output expands 5.6%
Monday, December 16, 2019, 14:11
By Xinhua
An industrial robot is displayed at the fourth China (Guangdong) International Internet Plus Expo in Foshan, Guangdong province. (PHOTO / XINHUA)
BEIJING — China's value-added industrial output, an important economic indicator, expanded 5.6 percent year-on-year in the first 11 months, the National Bureau of Statistics (NBS) said Monday.
The growth rate was flat with that in the first 10 months, according to the bureau.
In November alone, industrial output climbed 6.2 percent, up from 4.7 percent registered in October.
China's industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual business turnover of at least 20 million yuan (about US$2.86 million).
ALSO READ: China's industrial output expands 5.6%
The November output growth indicated stable industrial development and upgrading, NBS spokesman Fu Linghui told a press conference.
In a breakdown by ownership, the output of state-controlled enterprises climbed 3.7 percent last month, that of joint-stock companies went up 7 percent, and that of overseas-funded enterprises rose by 3.2 percent.
Private companies logged an 8.9-percent output increase as a slew of government measures supporting small and medium-sized enterprises took effect, said Fu.
The production and supply of electricity, thermal power, gas and water reported a year-on-year increase of 6.7 percent in November, the fastest among the three major sectors, which also include mining and manufacturing.
Manufacturing output rose 6.3 percent year-on-year, and mining output rose 5.7 percent.
High-tech manufacturing saw an output increase of 8.9 percent last month, representing continued structural improvement from mere expansion to quality-oriented growth, said Fu.
Tech-intensive and eco-friendly gadgets like smart watches and charging poles are becoming powerful engines of industrial growth, according to Fu.
China's industry development, bolstered by the country's considerable market size and innovation, and will remain a major driver for future economic growth, said Fu.
China's fixed-asset investment grew 5.2 percent year on year in the first 11 months of 2019, flat with the rate during the January-October period, official data showed
Fixed-asset investment up 5.2%
China continued to see steady growth in fixed-asset investment (FAI), boosted by robust high-tech investment and improving trend in some weak areas, official data showed Monday.
The FAI grew 5.2 percent year-on-year in the first 11 months of 2019, flat with the rate during the January-October period, according to the National Bureau of Statistics (NBS).
In the first 11 months, the FAI amounted to 53.37 trillion yuan (about US$7.63 trillion).
On a month-on-month basis, FAI rose 0.42 percent.
Investment by the state sector went up 6.9 percent during the period, while private-sector investment increased 4.5 percent, 0.1 percentage points higher than that in the first 10 months.
Investment in high-tech manufacturing and services surged 14.8 percent and 13.1 percent year-on-year, respectively.
"Investment has maintained steady growth, with that in some weak areas posting relatively fast growth," the NBS said in a statement.
Investment in the primary industry edged down 0.1 percent, while that in the secondary and tertiary industries rose 2.4 percent and 6.7 percent, respectively.
Investment in social undertakings, including education, culture and sports gained 12.6 percent, while that in environmental protection jumped 36.3 percent.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets.
The figures are among a series of indicators released by the NBS, including industrial production and retail sales, which show that the economy remains on a stable track.
In this undated photo, customers visit a newly opened Hema Fresh store in Xi'an, Shaanxi province, in April, which provides more than 6,000 kinds of products imported from around 100 countries. (PHOTO PROVIDED TO CHINA DAILY)
Retail sales up 8%
BEIJING — China's retail sales of consumer goods rose 8 percent year-on-year in the first 11 months of 2019, the National Bureau of Statistics (NBS) said Monday.
The indicator of consumption dipped from an increase of 8.1 percent registered in the first 10 months.
Sales of the consumer goods totaled 37.29 trillion yuan (about US$5.33 trillion) from January to November. Excluding sales of automobiles, the growth rate reached 9 percent during the period.
In November alone, total amount of retail sales expanded 8 percent to hit 3.81 trillion yuan, with the pace of growth 0.8 percentage points faster from October.
In the first 11 months, retail sales in rural areas rose 9 percent, outpacing the 7.9-percent expansion in urban areas.
Online sales continued to report robust expansion, with a year-on-year increase of 16.6 percent to stand at 9.5 trillion yuan, NBS data showed.
In terms of consumption types, the revenue of the catering industry gained 9.4 percent year-on-year to 4.19 trillion yuan, while the retail sales of commodities climbed 7.9 percent year-on-year.
China pledged to promote consumption upgrading and give play to the underpinning role of consumption.
China's investment in property development grew 10.2 percent year-on-year in the first 11 months, down from 10.3 percent for the first 10 months, NBS data showed
Property investment up 10.2%
China's investment in property development grew 10.2 percent year-on-year in the first 11 months, down from 10.3 percent for the first 10 months, the National Bureau of Statistics (NBS) said Monday.
The total property investment during the period stood at 12.13 trillion yuan (about 1.7 trillion U.S. dollars), the NBS said.
The investment in residential buildings went up 14.4 percent year-on-year to 8.92 trillion yuan in the first 11 months, with the pace of growth decelerating 0.2 percentage points from the first 10 months.
Commercial housing sales in terms of floor area totaled 1.49 billion square meters from January to November, up 0.2 percent year-on-year, 0.1 percentage points higher than the January-October growth.
In the first 11 months, commercial housing sales in terms of value gained 7.3 percent to 13.9 trillion yuan, unchanged from the growth rate in the first 10 months.
READ MORE: China's private, smaller firms report faster industrial growth
Customers check out real estate models at a property firm in Langfang, Hebei province. (PHOTO PROVIDED TO CHINA DAILY)
Employment stable
China's job market remained generally stable in the first 11 months of the year, the National Bureau of Statistics (NBS) said Monday.
A total of 12.79 million new urban jobs were created during the period, exceeding this year's target of creating over 11 million urban jobs, according to the bureau.
The surveyed urban unemployment rate nationwide stood at 5.1 percent last month, unchanged from the rate in October.
The surveyed unemployment rate among the people aged between 25 and 59, the majority of the labor market, stayed unchanged at 4.6 percent last month.
Meanwhile, the surveyed urban unemployment rate of 31 major cities was 5.1 percent in November, flat with that in October, said the NBS.
The surveyed urban unemployment rate is calculated based on the number of unemployed people who have participated in the employment survey in urban areas, including migrant workers in cities.
It was first introduced in 2014 to better reflect the job market and serve as a supplement to the registered urban unemployment rate compiled by the Ministry of Human Resources and Social Security.
Service sector maintains steady expansion
The production index of China's service sector increased by 6.8 percent year-on-year in November, compared with a rise of 6.6 percent in October, the National Bureau of Statistics (NBS) said Monday.
The production index of the service sector increased by 6.9 percent year-on-year during the first 11 months, down from 7 percent recorded in the first 10 months, according to the NBS.
The sub-reading for information transmission, software and information technology services expanded by 16.3 percent last month, while that for the leasing and business services grew 11.8 percent.
The index measuring business activity in the service sector stood at 53.5 in November, up from 51.4 in October, the NBS said.
NBS data also showed that combined revenues of major service enterprises rose 9.1 percent year-on-year in the first 10 months, with revenues of companies in the strategic emerging service sector and high-tech service sector up 12 percent and 11.5 percent, respectively.
Monday, December 16, 2019, 14:11
By Xinhua
BEIJING — China's value-added industrial output, an important economic indicator, expanded 5.6 percent year-on-year in the first 11 months, the National Bureau of Statistics (NBS) said Monday.
The growth rate was flat with that in the first 10 months, according to the bureau.
In November alone, industrial output climbed 6.2 percent, up from 4.7 percent registered in October.
China's industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual business turnover of at least 20 million yuan (about US$2.86 million).
ALSO READ: China's industrial output expands 5.6%
The November output growth indicated stable industrial development and upgrading, NBS spokesman Fu Linghui told a press conference.
In a breakdown by ownership, the output of state-controlled enterprises climbed 3.7 percent last month, that of joint-stock companies went up 7 percent, and that of overseas-funded enterprises rose by 3.2 percent.
Private companies logged an 8.9-percent output increase as a slew of government measures supporting small and medium-sized enterprises took effect, said Fu.
The production and supply of electricity, thermal power, gas and water reported a year-on-year increase of 6.7 percent in November, the fastest among the three major sectors, which also include mining and manufacturing.
Manufacturing output rose 6.3 percent year-on-year, and mining output rose 5.7 percent.
High-tech manufacturing saw an output increase of 8.9 percent last month, representing continued structural improvement from mere expansion to quality-oriented growth, said Fu.
Tech-intensive and eco-friendly gadgets like smart watches and charging poles are becoming powerful engines of industrial growth, according to Fu.
China's industry development, bolstered by the country's considerable market size and innovation, and will remain a major driver for future economic growth, said Fu.
China's fixed-asset investment grew 5.2 percent year on year in the first 11 months of 2019, flat with the rate during the January-October period, official data showed
Fixed-asset investment up 5.2%
China continued to see steady growth in fixed-asset investment (FAI), boosted by robust high-tech investment and improving trend in some weak areas, official data showed Monday.
The FAI grew 5.2 percent year-on-year in the first 11 months of 2019, flat with the rate during the January-October period, according to the National Bureau of Statistics (NBS).
In the first 11 months, the FAI amounted to 53.37 trillion yuan (about US$7.63 trillion).
On a month-on-month basis, FAI rose 0.42 percent.
Investment by the state sector went up 6.9 percent during the period, while private-sector investment increased 4.5 percent, 0.1 percentage points higher than that in the first 10 months.
Investment in high-tech manufacturing and services surged 14.8 percent and 13.1 percent year-on-year, respectively.
"Investment has maintained steady growth, with that in some weak areas posting relatively fast growth," the NBS said in a statement.
Investment in the primary industry edged down 0.1 percent, while that in the secondary and tertiary industries rose 2.4 percent and 6.7 percent, respectively.
Investment in social undertakings, including education, culture and sports gained 12.6 percent, while that in environmental protection jumped 36.3 percent.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets.
The figures are among a series of indicators released by the NBS, including industrial production and retail sales, which show that the economy remains on a stable track.
Retail sales up 8%
BEIJING — China's retail sales of consumer goods rose 8 percent year-on-year in the first 11 months of 2019, the National Bureau of Statistics (NBS) said Monday.
The indicator of consumption dipped from an increase of 8.1 percent registered in the first 10 months.
Sales of the consumer goods totaled 37.29 trillion yuan (about US$5.33 trillion) from January to November. Excluding sales of automobiles, the growth rate reached 9 percent during the period.
In November alone, total amount of retail sales expanded 8 percent to hit 3.81 trillion yuan, with the pace of growth 0.8 percentage points faster from October.
In the first 11 months, retail sales in rural areas rose 9 percent, outpacing the 7.9-percent expansion in urban areas.
Online sales continued to report robust expansion, with a year-on-year increase of 16.6 percent to stand at 9.5 trillion yuan, NBS data showed.
In terms of consumption types, the revenue of the catering industry gained 9.4 percent year-on-year to 4.19 trillion yuan, while the retail sales of commodities climbed 7.9 percent year-on-year.
China pledged to promote consumption upgrading and give play to the underpinning role of consumption.
China's investment in property development grew 10.2 percent year-on-year in the first 11 months, down from 10.3 percent for the first 10 months, NBS data showed
Property investment up 10.2%
China's investment in property development grew 10.2 percent year-on-year in the first 11 months, down from 10.3 percent for the first 10 months, the National Bureau of Statistics (NBS) said Monday.
The total property investment during the period stood at 12.13 trillion yuan (about 1.7 trillion U.S. dollars), the NBS said.
The investment in residential buildings went up 14.4 percent year-on-year to 8.92 trillion yuan in the first 11 months, with the pace of growth decelerating 0.2 percentage points from the first 10 months.
Commercial housing sales in terms of floor area totaled 1.49 billion square meters from January to November, up 0.2 percent year-on-year, 0.1 percentage points higher than the January-October growth.
In the first 11 months, commercial housing sales in terms of value gained 7.3 percent to 13.9 trillion yuan, unchanged from the growth rate in the first 10 months.
READ MORE: China's private, smaller firms report faster industrial growth
Employment stable
China's job market remained generally stable in the first 11 months of the year, the National Bureau of Statistics (NBS) said Monday.
A total of 12.79 million new urban jobs were created during the period, exceeding this year's target of creating over 11 million urban jobs, according to the bureau.
The surveyed urban unemployment rate nationwide stood at 5.1 percent last month, unchanged from the rate in October.
The surveyed unemployment rate among the people aged between 25 and 59, the majority of the labor market, stayed unchanged at 4.6 percent last month.
Meanwhile, the surveyed urban unemployment rate of 31 major cities was 5.1 percent in November, flat with that in October, said the NBS.
The surveyed urban unemployment rate is calculated based on the number of unemployed people who have participated in the employment survey in urban areas, including migrant workers in cities.
It was first introduced in 2014 to better reflect the job market and serve as a supplement to the registered urban unemployment rate compiled by the Ministry of Human Resources and Social Security.
Service sector maintains steady expansion
The production index of China's service sector increased by 6.8 percent year-on-year in November, compared with a rise of 6.6 percent in October, the National Bureau of Statistics (NBS) said Monday.
The production index of the service sector increased by 6.9 percent year-on-year during the first 11 months, down from 7 percent recorded in the first 10 months, according to the NBS.
The sub-reading for information transmission, software and information technology services expanded by 16.3 percent last month, while that for the leasing and business services grew 11.8 percent.
The index measuring business activity in the service sector stood at 53.5 in November, up from 51.4 in October, the NBS said.
NBS data also showed that combined revenues of major service enterprises rose 9.1 percent year-on-year in the first 10 months, with revenues of companies in the strategic emerging service sector and high-tech service sector up 12 percent and 11.5 percent, respectively.
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Chinese Economic Activity Gets a Lift as 2019 Comes to a Close
Some economists to raise their growth estimates for next year
Dec. 15, 2019 11:52 pm ET
BEIJING—A raft of supportive central government policies lifted China’s economic activity in November—bolstering factory production and consumer spending—which prompted some economists to raise their growth estimates for next year.Some economists to raise their growth estimates for next year
Dec. 15, 2019 11:52 pm ET
While many economists remain cautious about the sustainability of any improvement in China’s economy, the better-than-expected data released on Monday morning in Beijing—together with a limited trade deal announced by Beijing and Washington on Friday—could alleviate concerns about downside risks for the world’s second largest economy.
Value-added industrial output for November rose 6.2% from a year earlier, accelerating from a 4.7% year-over-year increase in October, the official National Bureau of Statistics said. November’s reading easily topped the 5% increase predicted by a Wall Street Journal poll of 15 economists.
China’s retail sales climbed 8% in November from a year earlier, compared with October’s 7.2% increase. That beat a median forecast for 7.6% growth.
China’s fixed-asset investment remained unchanged at 5.2% for the January-November period amid accelerated industrial investment and slower expansions for the infrastructure and property sectors. Home sales, investment and construction slowed slightly in November as Beijing held firm to its policies aimed at curbing property speculation.
“It’s hard to know whether the better-than-expected data suggests that the economy has reached its bottom in November,” said Ding Shuang, an economist at Standard Chartered, referring to the factory production and fixed-asset investment readings.
Mr. Ding pointed to a weeklong holiday in October that may have led many economists to misread in that month’s weak data signs of deeper trouble in the Chinese economy. He said more data in coming months would be needed to get a better picture of where things stand.
Fu Linghui, a spokesman for China’s statistics bureau, said November’s stronger-than-expected retail sales were bolstered by online consumption, particularly as Chinese e-commerce platforms launched promotions for the annual “Singles Day” shopping bonanza on Nov. 11.
Mr. Fu expressed optimism that China’s economy would meet the leadership’s growth target of between 6% and 6.5% for the year, though he also raised signs of caution.
“The current international environment remains complicated and the economy still faces downward pressure,” he said.
After the release of Monday’s data, economists at UBS and Oxford Economics raised their forecasts for 2020 Chinese economic growth to 6%, up from earlier predictions for 5.7% growth. In addition to the positive data on Monday, the UBS and Oxford Economics economists pointed to an improved outlook following the recently unveiled limited trade deal between Washington and Beijing.
In a phase-one deal announced by the U.S. and China on Friday, Beijing promised to buy more farm products and other goods from the U.S., while the U.S. put the brakes on new tariffs that were set to take effect on Sunday. The U.S. also agreed to reduce some existing levies.
Standard Chartered’s Mr. Ding said the deal, which is set to be signed in early January, could keep the Chinese economy humming at around 6.1% in 2020, which in turn would help Beijing fulfill its target of doubling the overall size of its gross domestic product in the decade that ends next year.
“Given the improvement in the external outlook following the trade deal and signs of stabilization in industry, we don’t expect a major policy easing in 2020 will be considered necessary,” said Louis Kuijs, an economist at Oxford Economics.
Even so, much around the trade dispute remains unresolved and uncertainty around U.S.-China trade ties—as well as a cooling property sector—pose two of the largest downside risks for the Chinese economy next year.
Chinese economic growth slowed to 6% in the third quarter of 2019, landing right on the bottom line of this year’s full-year target range, hitting a nearly three-decade low. Economists recently have debated whether Beijing should introduce more aggressive stimulus measures to defend the 6% growth rate should momentum slow further.
After an annual closed-door conclave last week to discuss the economy, Chinese leaders pledged to maintain steady growth, but they also vowed to ward off financial risks and curb a rise in debt accumulation.
—Grace Zhu, Liyan Qi and Bingyan Wang
https://www.wsj.com/articles/chines...s-a-lift-as-2019-comes-to-a-close-11576471966
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China's manufacturing PMI stays at 50.2 in December
Source: Xinhua| 2019-12-31 10:25:16|Editor: Wang Yamei
BEIJING, Dec. 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector stood at 50.2 in December, unchanged from November, the National Bureau of Statistics (NBS) said Tuesday.Source: Xinhua| 2019-12-31 10:25:16|Editor: Wang Yamei
A reading above 50 indicates expansion, while a reading below reflects contraction.
This marks the second straight month of expansion, partly buoyed by booming supply and demand as well as increasing export orders, said NBS senior statistician Zhao Qinghe.
On a month-on-month basis, the sub-index for production gained 0.6 points to 53.2 in December, signaling faster expansion, while that for new orders fell slightly to 51.2, still in the expansion zone.
Imports and exports were improving in December, said Zhao, as the sub-index for new export orders gained 1.5 points to 50.3, the first expansion since June 2018. The sub-index for imports climbed 0.1 point month on month to 49.9.
PMI of mid-sized enterprises went up 1.9 points from the previous month to 51.4, while that of big enterprises fell slightly to 50.6.
In December, PMI of high-tech manufacturing, equipment manufacturing and consumer goods all rose for the third straight month, showing accelerated transformation and upgrades, said Zhao.
Tuesday's data also showed China's composite PMI slid slightly to 53.4, but was 0.3 points higher than this year's average, indicating steady expansion in the production of China's companies.
China's non-manufacturing PMI edges down in December
Source: Xinhua| 2019-12-31 09:27:09|Editor: huaxia
BEIJING, Dec. 31 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 53.5 in December, down from 54.4 in November, the National Bureau of Statistics said Tuesday.Source: Xinhua| 2019-12-31 09:27:09|Editor: huaxia
A reading above 50 indicates expansion, while a reading below it reflects contraction.
China to cut RRR by 50 basis points
Source: Xinhua| 2020-01-01 18:44:02|Editor: huaxia
BEIJING, Jan. 1 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, on Wednesday decided to cut the reserve requirement ratio (RRR) for financial institutions by 50 basis points from Jan. 6 to spur the real economy.Source: Xinhua| 2020-01-01 18:44:02|Editor: huaxia
The move will cut the cash that lenders must hold as reserves, releasing about 800 billion yuan (114.6 billion U.S. dollars) of long-term liquidity to bolster the economy and reduce social financing costs.
An unnamed official with the PBOC said the reduction will offset the impacts of strong cash demand ahead of the Spring Festival to keep overall liquidity in the banking system basically stable, denying "flood-like" stimulus.
"The stance of prudent monetary policy has not changed," the official stressed.
The central bank urged financial institutions to effectively use the additional funds to increase support for small, micro and private businesses.
More than 120 billion yuan in long-term funds is expected to be unlocked for small and medium-sized lenders, which will build up their capacities to support the targeted enterprises, said the central bank.
Meanwhile, the move will slash banks' capital costs by 15 billion yuan per year, which would help reduce the real cost of social financing.
The New Year move came as the Chinese economy ended 2019 on stable footing despite domestic headwinds and external uncertainties, but downward pressures still loom large.
The year-end tone-setting Central Economic Work Conference last month noted that the country faces rising downward economic pressure amid intertwined structural, institutional and cyclical problems, pledging stronger policy moves to keep the economy on a stable track.
In 2020, monetary policy should be pursued with moderate flexibility to maintain market liquidity at a reasonably ample level, according to the conference.
Wen Bin, chief analyst at China Minsheng Bank, said the move was in line with market expectations as the maturity of 600 billion yuan of reverse repos in January, coupled with tax payments and higher cash demand during the Spring Festival, will put strains on liquidity.
Wen expected the reduction to lead to lower pricing of the new loan prime rate (LPR) to be announced later this month, with the one-year LPR at 4.1 percent and the above-five-year LPR at 4.75 percent.
Noting the move will shore up market confidence, Wen said there is still room for further RRR cuts.
China's economy expanded 6.2 percent in the first three quarters of 2019, and annual growth is set to meet the government's target of 6 to 6.5 percent. The GDP data for 2019 is due to be released on Jan. 17.
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China's assets of public offering of funds set new record in 2019
Source: Xinhua| 2020-01-12 21:47:38|Editor: huaxia
BEIJING, Jan. 12 (Xinhua) -- Assets under management of public offering of funds reached a new record in 2019, said the Asset Management Association of China (AMAC).
The figure was 14.8 trillion yuan (about 2.13 trillion U.S. dollars) by the end of 2019, up 1.7 trillion yuan from last year, according to the AMAC, an industry body supervised by China's securities regulator.
Of the total, the asset value of closed-end funds increased by 703.9 billion yuan year on year while the money market funds of the open-end funds decreased by 500.8 billion yuan year on year.
The public offering of funds is a type of investment vehicle that collects funds from investors through public offerings and takes securities as its main investment target. It has to follow strict requirements for information disclosure and profit distribution.
Source: Xinhua| 2020-01-12 21:47:38|Editor: huaxia
BEIJING, Jan. 12 (Xinhua) -- Assets under management of public offering of funds reached a new record in 2019, said the Asset Management Association of China (AMAC).
The figure was 14.8 trillion yuan (about 2.13 trillion U.S. dollars) by the end of 2019, up 1.7 trillion yuan from last year, according to the AMAC, an industry body supervised by China's securities regulator.
Of the total, the asset value of closed-end funds increased by 703.9 billion yuan year on year while the money market funds of the open-end funds decreased by 500.8 billion yuan year on year.
The public offering of funds is a type of investment vehicle that collects funds from investors through public offerings and takes securities as its main investment target. It has to follow strict requirements for information disclosure and profit distribution.
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China's GDP grows 6.1% in 2019: NBS
By Zhou Lanxu | chinadaily.com.cn | Updated: 2020-01-17 10:00
Ning Jizhe, head of the National Bureau of Statistics, answers questions at a news conference in Beijing on Jan 17, 2020. [Photo by Zhou Lanxu/chinadaily.com.cn]
China's year-on-year GDP growth reached 6.1 percent in 2019, compared with 6.6 percent in 2018, the National Bureau of Statistics said on Friday.
Growth in the fourth quarter was 6.0 percent, the same as the third quarter.
The country achieved its economic growth target of 6 to 6.5 percent set for the whole year of 2019, and registered an annual GDP of 99.0865 trillion yuan ($14.4 trillion).
China's per capita GDP reached $10,276 in 2019, Ning Jizhe, head of the NBS said at the news conference on national economic performance.
Despite the easing, the national economy was generally stable in 2019 with main projected targets for development achieved, laying a solid foundation for completing the building of a moderately prosperous society in all aspects, said the NBS in a statement.
The country registered a 5.7 percent industrial output growth last year, compared with 6.2 percent in 2018.
Fixed-asset investments expanded by 5.4 percent year-on-year in 2019, versus 5.9 percent growth for the previous year.
Retail sales increased in 2019 by 8.0 percent year-on-year, down from 9.0 percent in 2018, the NBS said.
China's surveyed urban unemployment rate nationwide was 5.2 percent in December and was kept between 5.0 percent and 5.3 percent for the year, the bureau said.
The NBS also said that the economy faces mounting downward pressure, and the country will take coordinated steps to ensure steady economic growth, the bureau said in a statement.
By Zhou Lanxu | chinadaily.com.cn | Updated: 2020-01-17 10:00
China's year-on-year GDP growth reached 6.1 percent in 2019, compared with 6.6 percent in 2018, the National Bureau of Statistics said on Friday.
Growth in the fourth quarter was 6.0 percent, the same as the third quarter.
The country achieved its economic growth target of 6 to 6.5 percent set for the whole year of 2019, and registered an annual GDP of 99.0865 trillion yuan ($14.4 trillion).
China's per capita GDP reached $10,276 in 2019, Ning Jizhe, head of the NBS said at the news conference on national economic performance.
Despite the easing, the national economy was generally stable in 2019 with main projected targets for development achieved, laying a solid foundation for completing the building of a moderately prosperous society in all aspects, said the NBS in a statement.
The country registered a 5.7 percent industrial output growth last year, compared with 6.2 percent in 2018.
Fixed-asset investments expanded by 5.4 percent year-on-year in 2019, versus 5.9 percent growth for the previous year.
Retail sales increased in 2019 by 8.0 percent year-on-year, down from 9.0 percent in 2018, the NBS said.
China's surveyed urban unemployment rate nationwide was 5.2 percent in December and was kept between 5.0 percent and 5.3 percent for the year, the bureau said.
The NBS also said that the economy faces mounting downward pressure, and the country will take coordinated steps to ensure steady economic growth, the bureau said in a statement.
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China's tertiary industry accounts for 53.9% of the total GDP
Xinhua | Updated: 2020-01-17 16:37
Tourists visit a lantern fair marking the Year of the Rat at Yuyuan Garden in Shanghai on Jan 13, 2020. [Photo by Wang Gang/For China Daily]
BEIJING -- The added value of China's tertiary industry accounted for 53.9 percent of the country's GDP, up 0.6 percentage points year on year, the National Bureau of Statistics (NBS) said on Friday.
The service industry contributed 59.4 percent to national economic growth, NBS data showed.
Consumption's underpinning role in boosting economic growth was further reinforced, as the consumer spending contributed 57.8 percent of GDP growth in 2019.
The service consumption kept booming, as the proportion of service consumption reached 45.9 percent of the final consumption expenditure of residents, up 1.7 percentage points over last year, NBS's data showed.
Xinhua | Updated: 2020-01-17 16:37
BEIJING -- The added value of China's tertiary industry accounted for 53.9 percent of the country's GDP, up 0.6 percentage points year on year, the National Bureau of Statistics (NBS) said on Friday.
The service industry contributed 59.4 percent to national economic growth, NBS data showed.
Consumption's underpinning role in boosting economic growth was further reinforced, as the consumer spending contributed 57.8 percent of GDP growth in 2019.
The service consumption kept booming, as the proportion of service consumption reached 45.9 percent of the final consumption expenditure of residents, up 1.7 percentage points over last year, NBS's data showed.
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https://www.scmp.com/economy/china-...er-inflation-nine-year-high-ppi-stays-subdued
China’s consumer inflation at eight-year high, but factory gate prices stay subdued
China’s consumer inflation expanded at its fastest pace in more than eight years in January, as pork prices soared due to the coronavirus epidemic and stronger demand over the Lunar New Year period, official data released on Monday showed.
The consumer price index (CPI) rose 5.4 per cent from a year earlier, up from a 4.5 per cent gain in December, and at its highest point since October 2011, data from the National Bureau of Statistics (NBS) showed.
The result was above an analyst poll by Bloomberg, which forecast 4.9 per cent growth.
Within the CPI, pork prices jumped 116 per cent, as city lockdowns and transport restrictions due to the coronavirus outbreak hurt supply and demand. Overall food prices jumped 4.4 per cent month-on-month, which lifted the gauge by 0.96 percentage points.
The rise of CPI was mainly due to increased demand over the Lunar New Year and the impact of the virus, and also due to a lower base last year as the Chinese holiday was in February 2019, the NBS said in a statement.
“The virus outbreak has rewritten the supply and demand story in China, with supply staying at a relatively low level except for the medical sector and demand also falling,” said Tommy Xie, an economist at Oversea-Chinese Banking Corporation in Singapore.
“Prices will likely continue to rise due to weak supply,” and China is likely to export inflationary pressures globally, as demand will fall faster than Chinese supply does, he said.
The world’s second largest economy faces mounting pressure due to the novel coronavirus outbreak, as factories stay closed and millions of consumers remain holed up at home.
The virus outbreak has rewritten the supply and demand story in China, with supply staying at a relatively low level except for the medical sector and demand also falling.
As the virus has spread from central Chinese city of Wuhan, authorities have taken unprecedented steps to control the outbreak, locking down more than a dozen cities in Hubei province home to tens of millions of people, curbing transport and reducing shop hours.
Consumer inflation in Hubei grew 1.5 per cent from December and 5.5 per cent from a year earlier. The NBS said the data was “positive” as the increase was roughly in line with the national figure.
The producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, rose 0.1 per cent year-on-year in January, an improvement on the 0.5 per cent contraction in December, and slightly better than analysts’ predictions.
Julian Evans-Pritchard, senior China economist at Capital Economics, said the virus appeared to have had little effect on the PPI last month.
“But it may simply be too soon to see the impact of the hit to demand on prices as factories were closed during the last week of the month due to the Chinese New Year holiday,” he said.
“Recent moves in commodity prices suggest that we will see more of a drag on factory-gate prices this month.”
Further pressure on consumer prices this year from the coronavirus outbreak would depend on how quickly production and transport could be resumed, said Ding Shuang, chief Greater China economist of Standard Chartered Bank.
“If the number of confirmed cases peaks this month and the epidemic can be contained in March, its impact on 2020 consumer prices will not be significant.”
Of greater concern, however, will be the impact on overall economic growth, which the bank estimated to slow to 4.5 per cent in the first quarter from 6.0 per cent in the previous one.
China’s consumer inflation at eight-year high, but factory gate prices stay subdued
- The consumer price index (CPI) rose by 5.4 per cent in January from a year earlier, up from a 4.5 per cent gain in December
- China’s producer price index, a measure of the prices manufacturers charge at the factory gate, rose marginally by 0.1 per cent
China’s consumer inflation expanded at its fastest pace in more than eight years in January, as pork prices soared due to the coronavirus epidemic and stronger demand over the Lunar New Year period, official data released on Monday showed.
The consumer price index (CPI) rose 5.4 per cent from a year earlier, up from a 4.5 per cent gain in December, and at its highest point since October 2011, data from the National Bureau of Statistics (NBS) showed.
The result was above an analyst poll by Bloomberg, which forecast 4.9 per cent growth.
Within the CPI, pork prices jumped 116 per cent, as city lockdowns and transport restrictions due to the coronavirus outbreak hurt supply and demand. Overall food prices jumped 4.4 per cent month-on-month, which lifted the gauge by 0.96 percentage points.
The rise of CPI was mainly due to increased demand over the Lunar New Year and the impact of the virus, and also due to a lower base last year as the Chinese holiday was in February 2019, the NBS said in a statement.
“The virus outbreak has rewritten the supply and demand story in China, with supply staying at a relatively low level except for the medical sector and demand also falling,” said Tommy Xie, an economist at Oversea-Chinese Banking Corporation in Singapore.
“Prices will likely continue to rise due to weak supply,” and China is likely to export inflationary pressures globally, as demand will fall faster than Chinese supply does, he said.
The world’s second largest economy faces mounting pressure due to the novel coronavirus outbreak, as factories stay closed and millions of consumers remain holed up at home.
The virus outbreak has rewritten the supply and demand story in China, with supply staying at a relatively low level except for the medical sector and demand also falling.
As the virus has spread from central Chinese city of Wuhan, authorities have taken unprecedented steps to control the outbreak, locking down more than a dozen cities in Hubei province home to tens of millions of people, curbing transport and reducing shop hours.
Consumer inflation in Hubei grew 1.5 per cent from December and 5.5 per cent from a year earlier. The NBS said the data was “positive” as the increase was roughly in line with the national figure.
The producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, rose 0.1 per cent year-on-year in January, an improvement on the 0.5 per cent contraction in December, and slightly better than analysts’ predictions.
Julian Evans-Pritchard, senior China economist at Capital Economics, said the virus appeared to have had little effect on the PPI last month.
“But it may simply be too soon to see the impact of the hit to demand on prices as factories were closed during the last week of the month due to the Chinese New Year holiday,” he said.
“Recent moves in commodity prices suggest that we will see more of a drag on factory-gate prices this month.”
Further pressure on consumer prices this year from the coronavirus outbreak would depend on how quickly production and transport could be resumed, said Ding Shuang, chief Greater China economist of Standard Chartered Bank.
“If the number of confirmed cases peaks this month and the epidemic can be contained in March, its impact on 2020 consumer prices will not be significant.”
Of greater concern, however, will be the impact on overall economic growth, which the bank estimated to slow to 4.5 per cent in the first quarter from 6.0 per cent in the previous one.
US blocks deliveries of engines and flight control systems of Comac C919 to China: https://www.globaldefensecorp.com/2...light-control-systems-of-comac-c919-to-china/
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Overseas investors continue to increase holdings of Chinese bonds
Source: Xinhua| 2020-02-19 15:45:31|Editor: huaxia
File photo shows 100-yuan bank notes, the largest denomination of the Chinese currency. (Xinhua/Li Xin)
The increasing holdings came despite short-term impacts brought by the novel coronavirus outbreak, which disrupted economic activities and threatened to drag down first-quarter growth.
BEIJING, Feb. 19 (Xinhua) -- Overseas institutions continued to increase holdings of Chinese bonds, demonstrating confidence in the market despite short-term uncertainties, market data showed.
Overseas institutional investors saw the net purchase of Chinese bonds worth 43 billion yuan (about 6.1 billion U.S. dollars) after the Spring Festival, according to the China Foreign Exchange Trade System.
As China opens its financial sector, its bond market has become an important part of global asset allocation.
The China Foreign Exchange Trade System said it will continue to improve overseas services and enhance financial infrastructure to facilitate bond trade.
The increasing holdings came despite short-term impacts brought by the novel coronavirus outbreak, which disrupted economic activities and threatened to drag down first-quarter growth.
As China goes all-out to curb the spread of the epidemic and gradually resumes work, analysts largely expect growth to rebound after the containment on pent-up demand and production.
China Trimmed US Debt Holdings for Sixth Straight Month in December
XU WEI
DATE : FEB 19 2020/SOURCE : YICAI
China Trimmed US Debt Holdings for Sixth Straight Month in December
(Yicai Global) Feb. 19 -- China reduced its holdings of US Treasury securities by USD19.3 billion in December last year, marking six straight months it has opted to trim its holdings.
China's total holdings fell to USD1.07 trillion by the end of the year, according to data published by the US Treasury Department yesterday. It remained the States' second-largest creditor behind Japan, which also sold USD5.9 billion to cut its holdings to USD1.15 trillion and has been its biggest creditor for seven months on the trot.
China has now reduced its US Treasury holdings by more than USD10 billion for two consecutive months.
The United Kingdom was the third-largest holder of US Treasuries with USD332.6 billion in December. Brazil ranked fourth at USD281.9 billion after selling USD11.5 billion, as foreign holders cut their combined US Treasuries by USD44 billion.
Source: Xinhua| 2020-02-19 15:45:31|Editor: huaxia
The increasing holdings came despite short-term impacts brought by the novel coronavirus outbreak, which disrupted economic activities and threatened to drag down first-quarter growth.
BEIJING, Feb. 19 (Xinhua) -- Overseas institutions continued to increase holdings of Chinese bonds, demonstrating confidence in the market despite short-term uncertainties, market data showed.
Overseas institutional investors saw the net purchase of Chinese bonds worth 43 billion yuan (about 6.1 billion U.S. dollars) after the Spring Festival, according to the China Foreign Exchange Trade System.
As China opens its financial sector, its bond market has become an important part of global asset allocation.
The China Foreign Exchange Trade System said it will continue to improve overseas services and enhance financial infrastructure to facilitate bond trade.
The increasing holdings came despite short-term impacts brought by the novel coronavirus outbreak, which disrupted economic activities and threatened to drag down first-quarter growth.
As China goes all-out to curb the spread of the epidemic and gradually resumes work, analysts largely expect growth to rebound after the containment on pent-up demand and production.
China Trimmed US Debt Holdings for Sixth Straight Month in December
XU WEI
DATE : FEB 19 2020/SOURCE : YICAI
China Trimmed US Debt Holdings for Sixth Straight Month in December
(Yicai Global) Feb. 19 -- China reduced its holdings of US Treasury securities by USD19.3 billion in December last year, marking six straight months it has opted to trim its holdings.
China's total holdings fell to USD1.07 trillion by the end of the year, according to data published by the US Treasury Department yesterday. It remained the States' second-largest creditor behind Japan, which also sold USD5.9 billion to cut its holdings to USD1.15 trillion and has been its biggest creditor for seven months on the trot.
China has now reduced its US Treasury holdings by more than USD10 billion for two consecutive months.
The United Kingdom was the third-largest holder of US Treasuries with USD332.6 billion in December. Brazil ranked fourth at USD281.9 billion after selling USD11.5 billion, as foreign holders cut their combined US Treasuries by USD44 billion.
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