Unemployment in China
China - Unemployment
Economic growth further softened in July on the back of financial deleveraging, the authorities’ crackdown on shadow banking and spillovers from the trade spat with the United States. Infrastructure investment continued to be the main drag on overall growth following severe financial tightening in the first half of the year. Retail sales also performed poorly in July as the trade war with the U.S. and slowing economic growth started to dampen consumer sentiment. In late July, China’s leadership vowed to adopt a more active fiscal policy to bolster the economy. For now, this claim translated into an acceleration in tax rebates and spending, and the issuance of special bonds for infrastructure investment. Moreover, lenders were encouraged to increase funding for selected projects and exporters. The stimulus program is intended to buttress the economy amid growing economic uncertainties both at home and abroad.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 | 3.68 | -0.40 % | Sep 14 |
| Exchange Rate | 6.87 | -0.19 % | Sep 14 |
| Stock Market | 2,682 | -0.34 % | Sep 14 |
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Economic News
China: House prices increase at fastest pace in nearly two years in August
September 15, 2018
House prices in 70 large- and medium-sized cities rose 1.4% in August 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 broadly stable in August
September 14, 2018
Industrial production expanded 6.1% annually in August, slightly above July’s 6.0% and matching market expectations. August’s print reflected an acceleration in electricity generation and mining output, while manufacturing production growth edged down. On a month-on-month basis, industrial production increased 0.52% in seasonally-adjusted terms in August, above July’s 0.47% expansion.
China: Free fall in investment growth continues in August
September 14, 2018
Urban fixed asset investment in China expanded 5.3% annually in the first eight months of the year, marking the lowest print on record since the early 1990s.
China: Growth in retail sales accelerates timidly in August
September 14, 2018
In August, nominal retail sales grew 9.0% on an annual basis, a slight acceleration from the 8.8% expansion registered in July.
China: Money and credit data paint a mixed picture in August
September 12, 2018
In August, Chinese banks distributed CNY 1.28 trillion (USD 190 billion) in new yuan loans, down from the CNY 1.45 trillion distributed in July but above market expectations of CNY 1.04 trillion.
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