Unemployment in China
China - Unemployment
The Chinese economy is quickly losing momentum amid the escalating trade war with the United States. Data from May revealed that industrial production growth hit a 17-year low, while investment dynamics continued to deteriorate despite solid credit growth. Although retail sales posted a noticeable improvement in the same month, this mostly reflected a seasonal distortion related to the Labor Day holiday. Moreover, the takeover of Baoshang Bank by regulators on 24 May sparked concerns about the health of China’s financial system, especially small lenders, and caused primary money rates to rise. While Presidents Xi Jinping and Donald Trump are scheduled to meet at the 28-29 June G20 summit in Osaka, any substantial progress on trade issues seems unlikely, with the U.S. delaying the implementation of new tariffs on Chinese goods seemingly the most optimistic scenario.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 | 3.18 | -0.40 % | Jul 11 |
| Exchange Rate | 6.87 | -0.19 % | Jul 11 |
| Stock Market | 2,918 | -0.34 % | Jul 11 |
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Economic News
China: Growth in house prices inches down in June
July 15, 2019
House prices in 70 large- and medium-sized cities rose 0.6% in June 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: Industrial production growth rebounds from May’s multi-year low in June
July 15, 2019
Industrial production increased 6.3% year-on-year in June, above both the 5.2% expansion expected by market analysts and the 5.0% rise registered in May.
China: Investment growth gains steam in January–June
July 15, 2019
Urban fixed asset investment expanded 5.8% year-to-date in June, above the 5.6% increase in January–May.
China: Retail sales expand at fastest pace in 15 months in June
July 15, 2019
In June, nominal retail sales grew 9.8% on an annual basis, marking the fastest acceleration in over one year.
China: Economic growth slumps to near three-decade low in Q2 2019 as U.S. tariffs bite
July 15, 2019
In the second quarter of the year, the Chinese economy expanded at the weakest rate since at least 1992, when the National Bureau of Statistics (NBS) started to publish quarterly data.
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