All articles tagged with #national bureau of statistics
China’s industrial profits rose 15.1% year-on-year in June, the slowest pace this year, signaling an uneven rebound: profits are led by electronics and raw materials and helped by export strength, while domestic demand remains weak and some sectors like vehicle manufacturing face profit declines amid rising costs.
China's manufacturing activity contracted for the fourth consecutive month in January, with the official purchasing managers' index rising slightly to 49.2 from 49 in December, indicating a continued contraction. The official non-manufacturing managers' index also rose to 50.7 from 50.4 in December. These figures highlight the need for policy support in the world's second-largest economy, as Beijing announced last week.
China missed fourth-quarter GDP estimates, reporting 5.2% growth for 2023, slightly below expectations, while also resuming the release of youth unemployment data, with a rate of 14.9% for those aged 16 to 24. Retail sales grew by 7.4% in December, industrial production rose by 6.8%, and fixed asset investment increased by 3%. The population shrank by over 2 million people in 2023, and the statistics bureau emphasized the need to enhance economic vitality and mitigate risks for sustained growth.