Unemployment in China
China - Unemployment
A reprieve in trade tensions materialized at the G20 summit in early December, when the two economic superpowers agreed to a 90-day truce on new tariffs. However, major discrepancies between the two sides’ positions on key trade issues cast doubts over the armistice. Meanwhile, the economy continues to grapple with slower growth dynamics. Following a softer Q3 GDP reading, data for Q4 tells a similar narrative. A weak turnout in retail sales in October, despite the increase in the minimum threshold for paying personal income taxes on 1 October, and a drop in new yuan loans in the same month point to a slowing domestic economy. Nevertheless, stronger industrial production and a pick-up in fixed-asset investment in October suggest some of the government’s stimulus measures have begun to feed through.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 | 3.11 | -0.40 % | Jan 16 |
| Exchange Rate | 6.76 | -0.19 % | Jan 16 |
| Stock Market | 2,570 | -0.34 % | Jan 16 |
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Economic News
China: Investment growth steadies in December
January 21, 2019
Urban fixed asset investment expanded 5.9% in 2018, unchanged from the result in the first 11 months of the year (2017: +7.2%).
China: Economic growth continues to decelerate in Q4
January 21, 2019
In the final quarter of 2018, the Chinese economy expanded at the slowest pace since 2009 on the back of spillovers from financial deleveraging and downbeat economic sentiment due to the trade spat with the United States.
China: Growth in retail sales inches up in December
January 21, 2019
In December, nominal retail sales grew 8.2% on an annual basis, a slight acceleration from the 8.1% expansion registered in November.
China: Industrial production gains steam in December
January 21, 2019
Industrial production increased 5.7% year-on-year in December, up from the 5.4% rise registered in November and beating market expectations of 5.3%. December’s print marked a modest acceleration, as growth in the mining sector accelerated markedly in annual terms compared to the previous month.
China: Authorities set to boost fiscal and monetary stimulus in efforts to rekindle economic growth
January 18, 2019
Chinese authorities will implement further fiscal and monetary measures this year to tackle cooling domestic growth and spillovers from the ongoing trade war with the U.S. On 19–21 December, China’s top leadership met in Beijing at the annual Central Economic Work Conference (CEWC), which sets the tone of economic policies for the year. The top leadership emphasized that they will use “counter-cycle” macro policies to stabilize aggregate demand.
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