China – NATURALDEPOSIT

China’s CPI and PPI Continue Decline, Raising Concerns of Deepening Deflation

In a continuation of the downward trend, China’s Consumer Price Index (CPI) and Producer Price Index (PPI) recorded further decreases in November, signaling increasingly pronounced deflationary pressures. The persistently weak demand has fueled uncertainties regarding China’s sustained economic resurgence. The latest figures released by China’s National Bureau of Statistics (NBS) on December 9 revealed a …

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China Implements Visa Fee Reductions for Five Countries, Including Thailand

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In a move aimed at fostering greater international travel and economic exchange, the Chinese Ministry of Foreign Affairs has announced a substantial reduction in visa fees for travelers from five countries. Effective from December 11, 2023, to December 31, 2024, the Chinese government will slash visa fees by 25% for visitors from Thailand, Japan, Mexico, …

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Chinese E-Commerce Powerhouse, Temu, Challenges US Retailers with Low-Priced Offerings

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A rising star in the realm of Chinese e-commerce, Temu, is rapidly making its mark in the US market, intensifying competition among local retailers, reports US data analytics company Earnest Analytics. Temu, an emerging e-commerce platform known for its ultra-low-priced merchandise, has notably gained ground in the United States. Last month, the platform captured nearly …

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China’s November Crude Oil Imports Witness First Decline in Six Months, Reflecting Sluggish Demand

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The General Administration of Customs (GAC) reported a significant 9.2% year-on-year decline in China’s crude oil imports for November, marking the first downturn since April. This decline, signaling weakened demand, is attributed to the nation’s high oil reserves and a decrease in orders from independent refinery groups, indicating less robust economic conditions. In specific terms, …

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China’s November Exports Show Growth After 6-Month Decline; Imports Fall Below Expectations

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China’s General Administration of Customs (GAC) revealed a positive shift in November’s trade dynamics, reporting a notable 0.5% year-on-year increase in exports. This marks the first growth in exports after a six-month consecutive decline, signaling potential recovery for China’s manufacturing sector amidst a reviving global trade landscape. Contrary to analysts’ projections of a 1.1% decline …

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Attacks on Red Sea Ships Pose Challenges for Chinese Car Exporters

News

Recent attacks on ships associated with Israel have disrupted key shipping routes in the Red Sea, raising concerns for Chinese car exporters facing increased costs and delays in transporting vehicles to Europe. CIB Research, a transportation and logistics industry expert, highlighted the impact of these attacks on shipping routes. The Red Sea serves as a …

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american and chinese flags and usa dollars

Chinese Banks Actively Sell Dollars for Second Consecutive Day to Bolster Yuan’s Value

News

As per information from three credible sources, major Chinese state-owned commercial banks engaged in the sale of US dollars within the domestic spot foreign exchange market for a second consecutive day today (Dec. 6). This concerted effort aims to prop up the value of the Chinese Yuan amid mounting pressure on its stability. The Yuan …

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China’s Central Bank Bolsters Yuan Amidst Moody’s Negative Credit Outlook

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The People’s Bank of China (PBOC) has taken steps to bolster the yuan’s stability, prompted by Moody’s Investors Service’s recent downgrade of the Chinese government’s credit rating outlook. The yuan experienced a decline in both onshore and offshore markets last night (Dec. 5), prompting swift action from the PBOC. Today (Dec. 6), the PBOC set …

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China’s Service Sector Growth Surges in November, Bolstering Economic Recovery Signals

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Caixin’s latest survey results revealed a notable acceleration in China’s service sector activity throughout November, portraying robust indications of economic resurgence. According to Caixin/S&P Global Service, China’s Services Purchasing Managers’ Index (PMI) surged to a three-month high, reaching 51.5 in November, a marked increase from October’s 50.4. Despite staying below the long-term average, this upswing …

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China Strengthens Greenhouse Gas Monitoring Efforts with 117 High-Precision Stations

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The China Meteorological Administration has unveiled the establishment of a comprehensive network comprising 117 high-precision greenhouse gas monitoring stations, showcasing China’s commitment to mitigating global warming. Zhang Qingying, an official from the bureau, highlighted China’s significant strides in environmental monitoring, citing the deployment of five satellites dedicated to tracking carbon dioxide levels in Earth’s atmosphere …

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