The China Securities Regulatory Commission (CSRC), the country’s governing body of all futures exchanges, has granted its approval, allowing three commodity exchanges to launch options contracts for six industrial products over June-August for trading, according to its official post on June 12.
The declines in China’s total fixed asset investment (FAI) and the funding in the property market slowed further by May, with the former down 6.3% on year over January-May as against the 10.3% on-year fall in the first four months, and the latter dipping 0.3% as against the 3.3% fall by April, according to the latest data from China’s National Bureau of Statistics (NBS) on June 15.
For January-May, China’s foreign trade value declined more deeply by 8% on year than the 7.5% on-year fall for the first four months, as the foreign trade for May alone reversed down on month by 1.2% or down more sharply by 9.3% on year, according to the latest statistics in terms of the U.S. dollar from the country’s General Administration of Customs on June 7.
China’s imports of copper concentrates and ores grew 2.2% on year to 9.26 million tonnes over January-May, lower than the 4.9% on-year rise over the first four months, as the COVID-19 had disrupted supplies from the overseas miners, according to the latest data from China’s General Administration of Customs (GACC) on June 7.
As part of the efforts to rescue the national economy from the negative impact of the COVID-19, China’s local authorities issued a total of Yuan 1.3 trillion ($182.6 billion) government bonds in May, or a record high month, to ensure adequate funding in infrastructure construction, according to a post by China’s Ministry of Finance (MoF) on June 3.
Japan’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry fell to 38.4 for May, a new low since March 2009 or having declined for the three month mainly due to the impact of the COVID-19 on the series of industrial activities, according to the release from au Jibun Bank Corporation on June 1.
China’s Purchasing Managers’ Index (PMI) for its manufacturing industry eased another 0.2 basis point on month to 50.6 for May, indicating the sector’s consistent return to the normality though at a slower pace from the impact of the COVID-19, according to the release from the country’s National Bureau of Statistics (NBS) on May 31.
China’s fixed asset investment (FAI) declines on year but at a slower rate of 10.3% to Yuan 13.7 trillion ($2 trillion) over January-April as against the 16.1% on-year drop for the first quarter, with all the major sectors posting continuing recoveries in April, according to the latest data from China’s National Bureau of Statistics (NBS) on May 15.
China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry reversed down 1.2 basis points on month to 50.8 for April, and both production and new orders faced growing challenges, according to the latest release from the country’s National Bureau of Statistics (NBS) on April 30.
China’s gross domestic product (GDP) over January-March fell for the first time since 1992 when the country’s National Bureau of Statistics (NBS) commenced the official release of the GDP figures by quarter, down 6.8% on year to Yuan 20.65 trillion ($2.9 trillion), according to the latest NBS release on April 17, confirming the heavy blow of the COVID-19 on China’s economy.