Unemployment in China
China - Unemployment
Available economic indicators show growth momentum remains weak. Industrial production was subdued in October, as the trade war with the U.S eroded manufacturing activities. This trend is expected to continue in the coming months as corroborated by a new drop in exports in November. Moreover, mounting economic uncertainty is postponing investment plans, especially among foreign firms. The main silver lining has been the rebound in the manufacturing PMI in November. Meanwhile, on 13 December, President Trump agreed to a limited trade deal with China, effectively barring a fresh round of tariffs due on 15 December. As part of the deal, U.S. officials stated that China will purchase more U.S. agricultural products, while the U.S. will remove some existing tariffs in return. At the time of writing, however, Chinese authorities have not yet confirmed whether the two sides have reached an agreement.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 % | Dec 31 |
| Exchange Rate | 6.96 | -0.19 % | Jan 01 |
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Economic News
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China: Skepticism abound despite U.S.-China “phase one” trade deal
January 23, 2020
On 15 January, the United States and China signed off on a “phase one” trade deal, as had been expected.
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China: Industrial production expands at fastest pace in nine months in December
January 17, 2020
Industrial production increased 6.9% year-on-year in December, above November’s 6.2% expansion.
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China: Investment growth gains steam at the end of the year
January 17, 2020
Nominal urban fixed asset investment expanded 5.4% year-to-date in December, which was above the 5.2% rise in the January-November period.
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China: Growth in retail sales stabilizes in December
January 17, 2020
In December, nominal retail sales grew 8.0% on an annual basis, matching the result in November.
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China: New yuan loans fall in December, while M2 growth accelerates
January 16, 2020
In December, Chinese banks distributed CNY 1.14 trillion (USD 165 billion) in new yuan loans, below the CNY 1.39 trillion recorded in November and broadly in line with the CNY 1.19 trillion that market analysts had expected.
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