CNY Forex News
China Retains Loan Prime Rates As Expected
The People's Bank of China maintained its interest rates unchanged for the third straight session on Monday as policymakers await the stance of new US administration.
The PBoC left its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was held at 3.60 percent. The decision matched expectations.
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3 days ago
China Economic Growth Hits Target On Stimulus
China's economy achieved its official growth target in 2024 as series of stimulus measures late last year revived industrial production and spending, and exports increased ahead of potential tariff hikes by the US administration. Gross domestic product expanded 5.4 percent on year in the fourth quarter, faster than the 4.6 percent growth in the third quarter, the National Bureau of Statistics re
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6 days ago
China GDP Climbs 5.4% On Year In Q4
China's gross domestic product expanded 5.4 percent on year in the fourth quarter of 2024, he National Bureau of Statistics said on Friday - exceeding expectations for 5.0 percent and up from 4.6 percent in Q3.
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7 days ago
China Exports Log Stronger-Than-Expected Growth
China's exports registered a stronger-than-expected growth in December and the trade surplus hit a record high in 2024 ahead of US President-elect Donald Trump take office next week. Data from the General Administration of Customs on Monday showed that exports advanced 10.7 percent on a yearly basis in December.
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10 days ago
China Inflation Eases To 0.1%; PPI Continues To Drop
China's consumer price inflation softened further in December and producer prices declined for 27 consecutive months despite Beijing initiating stimulus measures to revive domestic demand. Consumer prices grew only 0.1 percent on a yearly basis in December, slower than the 0.2 percent increase seen in November, figures from the National Bureau of Statistics revealed on Thursday.
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14 days ago
China Inflation Unchanged In December
Consumer prices in China were flat on month in December, the National Bureau of Statistics said on Thursday
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15 days ago
China Service Sector Logs Fastest Growth In 7 Months
China's service sector grew at the fastest pace in seven months in December underpinned by greater business inflows, survey results from S&P Global showed on Monday. The services Purchasing Managers' Index posted 52.2 in December, up from 51.5 in November. The score was forecast to climb to 51.7.
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17 days ago
China Manufacturing Sector Growth Softens In December
China's manufacturing sector expanded at a softer pace in December largely due to weaker foreign demand, survey results from S&P Global showed Wednesday. The Caixin manufacturing Purchasing Managers' Index posted 50.5 in December, down from 51.5 in November. The score was expected to climb to 51.6. The survey showed that conditions in the manufacturing sector improved for a third straight month.
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21 days ago
China Private Sector Expands In December
China's private sector expanded at the end of the year as fiscal stimulus and loose monetary policy provided a near-term support to growth, official survey results revealed on Tuesday. The manufacturing Purchasing Managers' Index dropped to 50.1 in December from 50.3 in the previous month, data published by the National Bureau of Statistics showed.
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23 days ago
China Keeps Interest Rates Unchanged
The People's Bank of China maintained its interest rates unchanged for the second straight session on Friday. The PBoC maintained its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The move was widely expected.
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34 days ago
