Tag: National Bureau of Statistics
China property prices ease in May
Official figures today revealed China house prices slowed in May, suggesting the Government’s attempts to cool house prices is taking effect. The Government has launched several initiatives to avoid a property bubble. It recently announced plans to introduce a property tax, while making it more expensive to buy second homes, by lifting the minimum down [...]
China’s house price growth eases in March
The National Bureau of Statistics has today revealed Chinese property growth eased in March. China‘s property prices have remained stubbornly high despite several Government incentives to avoid a property bubble. The country continues to grapple with high inflation in property and food prices. However, property prices slowed in March with fewer cities recording an increase, [...]
Chinese inflation holds steady at 4.9%
China’s National Bureau of Statistics (NBS) has today revealed the consumer price index rose 4.9% in February on an annual basis – the same figure as January. However, inflation is still well in excess of the 3% target set by the Government and was higher than analysts forecasts of 4.7%. The Government recently announced measures [...]
Chinese manufacturing eases in February
Manufacturing activity in China eased in February, two separate surveys have revealed today. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers index (PMI) dipped to 52.2 in February from January’s 52.9. According to the CFLP, this was the third consecutive month in which activity fell. However, the index remains [...]
Chinese inflation rises to 4.9% in January
China’s National Bureau of Statistics (NBS) has revealed the consumer price index rose 4.9% in January on an annual basis - up from December’s 4.6%. Inflation is still well in excess of the 3% target set by the Government but was in line with analysts forecasts. The Government recently announced measures to deal with double-digit [...]
Chinese economic growth continues to surge
China, which is the world’s second largest economy, experienced growth of 10.3% in 2010 - much higher than expected, according to the National Bureau of Statistics. While the growth is staggering, it has again raised fears of the economy overheating, which is adding to inflation pressures. In addition, fourth quarter growth was better than expected, [...]
Chinese inflation continues to rise
China’s National Bureau of Statistics (NBS) has revealed the consumer price index rose 5.1% in November on an annual basis - much faster than expected. It represented the fastest increase since July 2008 - when inflation exceeded the 6% mark. Inflation is still well in excess of the 3% target set by the Government. Last [...]
Chinese inflation continues to accelerate
Chinese inflation continued to increase in October, driven by higher food prices. According to the National Bureau of Statistics (NBS), the closely-watched consumer price index rose 4.4% in October, up from 3.6% in September. Not only was the rate higher than analysts had expected, it represented the fastest pace since September 2008 - at the [...]
China’s economy shows signs of cooling
Chinese economic growth slowed in the July to September period, to 9.6%, official figures showed today. The world’s third largest economy has experienced sensational growth over recent times, expanding by 11.9% in the first quarter and 10.3% in the March to June period, according to figures from the National Bureau of Statistics (NBS). There were [...]
China’s inflation continues to accelerate
Chinese inflation continued to increase last month as devastating floods drove up the price of food as crops were wiped out. According to the National Bureau of Statistics (NBS), the closely-watched consumer price index rose 3.3% in July against 2.9% in June. A spokesperson for the Bureau said the rise was primarily due to “dramatic [...]
Chinese economic growth slows in Q2
It appears the world’s third largest economy is cooling after official figures revealed Chinese annual GDP slowed from 11.9% in the first quarter to 10.3% in the March to June period, the National Bureau of Statistics (NBS) said today. The reading was marginally lower than the 10.5% expected by analysts. China’s economy has been growing [...]
Chinese inflation rises for fourth consecutive month
Official data today revealed Chinese consumer prices reached a 16-month high last month - the fourth straight monthly rise. The National Bureau of Statistics said consumer price inflation rose to 2.7% in February compared with a year earlier and up from 1.5% in January. Analysts had expected a rate of 2.3%. As a result, some [...]
Chinese industrial output surges to 19-month high
There is more good news for the world’s third largest economy today after China’s National Bureau of Statistics revealed a surge in industrial output. Industrial output rose to a 19-month high of 16.1% in October compared with a year earlier, exceeding market forecasts of 15.5%. Last month, official figures revealed that Chinese GDP growth surged [...]
China reports GDP for Q1
The National Bureau of Statistics (NBS) has revealed that China’s economy slowed to 6.1% in the first three months to the end of March - the weakest growth since quarterly records began over 16 years ago. In the last three months of 2008, growth was 6.8% and China’s Government is hoping to achieve annual growth [...]
China hit by fall in exports
Economic growth in the world’s third-largest economy slowed to 9% last year - the lowest rate of growth for seven years. While overall growth of 9% for the year should be good news for the economy, it followed on from 13% growth in 2007 and figures show that growth slowed considerably towards the end of [...]
World’s fastest growing economy unable to avoid downturn
According to the National Bureau of Statistics, China’s Gross Domestic Product (GDP) expanded by 9% in the third quarter of the year, down from 10.1% in the second quarter. While this is still regarded as strong compared with other leading economies, the figure is below analysts expectations and is the first time GDP growth has [...]
