Category: Economy
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China’s Solar Power Capacity Soars 50% as Total Installed Generation Reaches 3.1 Billion kW
Read more: China’s Solar Power Capacity Soars 50% as Total Installed Generation Reaches 3.1 Billion kWAug. 23 2024 (InvestinChina.asia) – China’s installed power generation capacity reached approximately 3.1 billion kilowatts (kW) by the end of July, marking a 14% year-on-year increase, according to data released by the National Energy Administration (NEA) on August 23, 2024. Notably, solar power capacity surged to about 740 million kW, up 49.8% from the same…
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China Sees Surge in Applications for Car Scrappage Program
Read more: China Sees Surge in Applications for Car Scrappage ProgramAug. 22 2024 (InvestinChina.asia) – China’s Ministry of Commerce (MOC) reported on Thursday（Aug. 22 2024） that applications for subsidies under the country’s car scrappage program have surged in recent months, indicating strong participation in the initiative aimed at boosting the auto industry. As of midday today, the MOC’s car scrappage information platform had received over…
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China’s July Electricity Consumption Rises 5.7% Year-on-Year
Read more: China’s July Electricity Consumption Rises 5.7% Year-on-YearAug. 22 2024 (InvestinChina.asia) – China’s total electricity consumption in July 2024 reached 939.6 billion kilowatt-hours (kWh), marking a year-on-year increase of 5.7%, according to data released by the National Energy Administration (NEA). Breaking down the figures by sector, first-industry consumption (primarily agriculture) stood at 14.2 billion kWh, up 1.5% year-on-year. Second-industry consumption (mainly manufacturing…
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China’s Financial Market: Short-Term and Mid-to-Long-Term Policy Focus
Read more: China’s Financial Market: Short-Term and Mid-to-Long-Term Policy FocusAug. 20 2024 (InvestinChina.asia) — A report by Hua Chuang Securities outlines the current policy focus in China’s financial market, with a short-term emphasis on stabilizing growth measures and a mid-to-long-term focus on the effectiveness of policies and their impact on the fundamentals. Short-Term Policy Focus: Ongoing Implementation of Growth-Stabilizing Policies The July 30 Politburo…
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China’s Economy Faces Major Drags Beyond Real Estate, Report Says
Read more: China’s Economy Faces Major Drags Beyond Real Estate, Report SaysAug. 18, 2024 (InvestinChina.asia) — A report by Hua Chuang Securities indicates that, in addition to the drag exerted by the real estate sector, a category labeled “other industries” is also significantly weighing on China’s economy. The “other industries” category comprises seven sectors: scientific research and technical services; water conservancy, environmental and public facility management;…
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Conditions for the Recovery of Chinese Asset Prices
Read more: Conditions for the Recovery of Chinese Asset PricesA recent analysis by CSC Securities (中信建投) delineates the prerequisites for the revival of Chinese asset prices. These include the halt of social financing contraction, the extension of leverage and demand. Analysts note that China is unlikely to enact robust stimulus measures currently. What Challenges Do Chinese Assets Face? Insufficient Effective Demand: The transitional phase…
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July PMI Reveals Subtle Shifts in Domestic Demand
Read more: July PMI Reveals Subtle Shifts in Domestic DemandEvent Summary: On July 31, China’s National Bureau of Statistics released the purchasing managers’ index (PMI) data for July, showing the manufacturing PMI at 49.4%, a slight decline of 0.1 percentage points from the previous month. Core Insight: The latest PMI numbers suggest a slight weakening in domestic demand, particularly for commodities, with deeper underlying…
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China’s Rental Yield Surpasses Deposit Rates, Sparking Shift in Housing Investment Appeal？
Read more: China’s Rental Yield Surpasses Deposit Rates, Sparking Shift in Housing Investment Appeal？Key Points: China’s rental yield exceeds deposit rates, hitting 2.03%. Older properties, apartments yield 3-4%; outshine savings. Banks slash rates; highest fixed deposit at 1.8%. Shift from savings to real estate, consumption encouraged. Renting trend boosts demand, redefines property value.
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China’s Manufacturing PMI Dips, Exports Show Resilience Amid Policy Calls for More Support
Read more: China’s Manufacturing PMI Dips, Exports Show Resilience Amid Policy Calls for More SupportChina’s manufacturing Purchasing Managers’ Index (PMI) slipped to 49.4 in July, down from 49.5 the previous month, remaining below the pivotal 50-point threshold that distinguishes expansion from contraction. This marks the fifth month this year that the index has languished below this benchmark, signaling prolonged softness in manufacturing conditions. The non-manufacturing PMI also experienced a…