Unemployment in China
China - Unemployment
The recovery trend remained intact in July following the solid rebound in Q2, benefiting from a reopening of the global economy and robust demand for health products. Exports of goods accelerated markedly in July and growth in industrial production stabilized despite flooding along the Yangtze river. The domestic economy is gathering steam, even with persistent weakness in household spending. Retail sales declined for the seventh month in a row in July, mostly reflecting social distancing measures. However, the drop in nominal fixed investment narrowed in January-July due to robust property investment and strength in some service sectors. In the political arena, planned talks between China and the U.S. to evaluate the progress of the Phase One trade deal were postponed. Both sides cited scheduling conflicts and the aim to give China more time to meet its commitments under the deal.China - Unemployment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Unemployment Rate | 4.1 | 4.0 | 3.9 | 3.8 | 3.6 |
China Unemployment Chart
Source: National Bureau of Statistics of China.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.17 | -0.40 % | Dec 31 |
| Exchange Rate | 6.96 | -0.19 % | Jan 01 |
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Economic News
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China: Industrial output posts quickest growth since December 2019 in August
September 15, 2020
Industrial output grew 5.6% compared to the same month of the previous year in August, which was above July's 4.8% increase.
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China: Retail sales return to growth in August
September 15, 2020
Retail sales rose 0.5% compared to the same month of the previous year in August, which contrasted July's 1.1% decrease.
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China: Decline in nominal fixed investment softens in January-August
September 15, 2020
Nominal urban fixed asset investment declined 0.3% terms in January-August, which was a less pronounced drop than the 1.6% decrease in the first seven months of the year.
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China: Growth in house prices inches up in August
September 14, 2020
House prices in 70 large- and medium-sized cities increased 0.6% in August in month-on-month terms according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS).
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China: New loans increase in August
September 11, 2020
In August, Chinese banks distributed CNY 1.28 trillion (USD 187 billion) in new yuan loans.
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