Unemployment in China
China - Unemployment
Although the bulk of the regular economic information for January and February will be released in March, available data for this year suggests that the Chinese economy has continued to cool. The manufacturing PMI improved marginally in January although still hovered in negative territory, while export growth surpassed expectations in the same month. That said, analysts warn that January’s surge mostly reflect distortions related to the Lunar New Year (LNY) holidays. The Ministry of Commerce revealed on 10 February that growth in consumer spending moderated over the LNY festivity, signaling that household spending will be sluggish in Q1. In an attempt to revive consumers’ mood, on 29 January, the government announced subsidies on purchases of cars and appliances. Meanwhile, trade talks between China and the U.S. intensified in recent weeks as the 2 March deadline looms.China - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 4.1 | 4.1 | 4.1 | 4.0 | 3.9 |
China Unemployment Chart
Source: National Bureau of Statistics of China.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.17 | -0.40 % | Mar 11 |
| Exchange Rate | 6.73 | -0.19 % | Mar 11 |
| Stock Market | 3,027 | -0.34 % | Mar 11 |
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Economic News
China: Growth in house prices inches down in February
March 15, 2019
House prices in 70 large- and medium-sized cities rose 0.5% in February in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
China: Top leadership lowers GDP growth target as the country faces “tough” economic challenges ahead
March 15, 2019
China’s top leadership expects a challenging year amid cooling domestic growth and the trade dispute with the United States as highlighted by the annual gathering of the National People’s Congress’ (NPC), which ran from 5 to 15 March.
China: Retail sales growth stabilizes in January–February
March 14, 2019
In January–February, nominal retail sales grew 8.2% on an annual basis, unchanged from December’s reading.
China: Industrial production loses momentum at the outset of the year
March 14, 2019
Industrial production increased 5.3% year-on-year in January–February, down from the 5.7% rise registered in December.
China: Investment growth inches up in January–February
March 14, 2019
Urban fixed asset investment expanded 6.1% year-to-date in the first two months of the year, slightly above the 5.9% increase in 2018 and the highest reading since May 2018.
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