Unemployment in China
China - Unemployment
The economy lost significant steam in early Q2 on widespread Covid-19 lockdowns: In April, retail sales and industrial production recorded their sharpest annual contractions since early 2020. The economy regained some momentum in May, as the impact of the pandemic ebbed, with retail sales, industrial production, fixed investment and export figures all beating expectations. However, overall activity remained downbeat, with the housing market particularly depressed. Towards the end of Q2, the marked fall in total Covid-19 cases and the recent easing of lockdowns in many areas—including Shanghai—will aid household spending, exports and industrial activity. On the other hand, the threat of further stop-start restrictions will continue to weigh on sentiment, with Beijing and Shanghai resuming mass testing in mid-June in response to the emergence of new Covid-19 clusters.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: Inflation falls to lowest level since May in October
November 10, 2022
Consumer inflation came in at 2.1% in October, down from September’s 2.8% and below market expectations.
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China: Credit growth disappoints in October
November 10, 2022
In October, Chinese banks distributed CNY 615 billion in new yuan loans, down from September’s 2,466 billion figure and undershooting market expectations.
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China: Merchandise exports and imports drop in October
November 8, 2022
Merchandise exports fell 0.4% annually in October, contrasting September’s 5.7% rise and market expectations for a 4.3% gain.
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China: Manufacturing and non-Manufacturing PMIs falls in October
October 31, 2022
The National Bureau of Statistics' Manufacturing Purchasing Managers' Index (PMI) fell to 49.2 in October from September's 50.1.
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China: Economy speeds up in Q3 but remains subdued
October 25, 2022
GDP growth gained steam to 3.9% year on year in the third quarter, which was up from 0.4% in the second quarter and above market expectations.
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