Tag: Gross National Product (GNP)

What Retail Sales and Other Data Say About China’s Economy

Media Library

China’s trains, planes, stores and beaches were a little fuller last month than a year ago, and the pace of activity picked up at factories, particularly those making mobile phones and semiconductors. A batch of numbers released on Friday by China’s National Bureau of Statistics showed a modest improvement in the country’s overall retail sales and industrial production during August. A series of small steps taken by the government over the summer, including two rounds of interest rate cuts, seems to be yielding a slightly better-than-expected improvement in the country’s…

China Delays the Release of G.D.P. and Other Economic Data

Chin@Strategy

China, the world’s second-largest economy, announced without explanation on Monday that it was delaying indefinitely the release of economic data that had been scheduled for Tuesday morning, including closely watched numbers for economic growth from July through September, which had been expected to show continued lackluster performance. The delay by China’s National Bureau of Statistics, which analysts said was highly unusual, comes as the country’s ruling elite gather in Beijing for a weeklong, twice-a-decade national congress of the Communist Party. The authorities have taken elaborate measures to prevent any disruptions…

Beyond Evergrande’s Troubles, a Slowing Chinese Economy

Chin@Strategy

BEIJING — Global markets have watched anxiously as a huge and deeply indebted Chinese property company flirts with default, fearing that any collapse could ripple through the international financial system. China Evergrande Group, the developer, on Wednesday said it reached a deal that might give it some breathing room in the face of a bond payment due the next day. But that murky arrangement doesn’t address the broader threat for Beijing’s top leaders and the global economic outlook: China’s growth is slowing, and the government may have to work harder…