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China March industrial profits soar 23.8 percent on building boom but pace slowing

April 27, 2017 BEIJING (Reuters) – Profits earned by China’s industrial firms rose 23.8 percent in March from a year earlier, buoyed by a continued construction boom, though the pace of growth eased from multi-year highs seen in previous months. Profits in March rose to 688.7 billion yuan ($99.9 billion), the National Bureau of Statistics (NBS) said on its website on Thursday. In the first quarter, industrial profits climbed 28.3 percent to 1.7 trillion yuan, slowing from growth of 31.5 percent in the first two months but still robust enough…

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China March exports rise 16.4 percent, imports up 20.3 percent, both beat forecasts

April 13, 2017 BEIJING (Reuters) – China’s March exports rose 16.4 percent from a year earlier, while imports increased 20.3 percent, both exceeding market expectations, official data showed on Thursday. That left the country with a trade surplus of $23.93 billion for the month, the General Administration of Customs said, reversing a rare deficit in February. Exports in the first quarter of the year rose 8.2 percent from the same period last year, while imports surged 24.0 percent. China’s first-quarter trade surplus was $65.61 billion. Analysts polled by Reuters had…

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China March producer inflation cools for first time in seven months on steel glut fears

April 12, 2017 By Yawen Chen and Nicholas Heath BEIJING (Reuters) – China’s producer price inflation cooled for the first time in seven months in March as iron ore and coal prices tumbled, pressured by fears that Chinese steel production is outweighing demand and threatening a glut of the metal later this year. A renaissance in China’s steel industry has been a major driver of the world’s second-largest economy in recent quarters, helping generate the strongest profit growth in years and adding to a reflationary pulse across the global manufacturing…

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China March data seen showing solid growth but all eyes on Trump-Xi meeting

April 6, 2017 BEIJING (Reuters) – A flurry of data in coming weeks is expected to show China posted solid economic growth in March, as President Xi Jinping and President Donald Trump meet for the first time this week with China’s trade surplus expected to be high on the agenda. Trump has foreshadowed the risk of talks being tense, tweeting on Thursday that the United States could no longer tolerate massive trade deficits and job losses. While Trump has not followed through yet on campaign threats to label China a…

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China March factory activity expands but at slower pace – Caixin PMI

April 1, 2017 BEIJING (Reuters) – Activity at China’s factories expanded for a ninth straight month in March but at a softer pace as new export orders slowed, a private survey showed, raising questions about whether a recent pickup in global demand is losing steam. The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI) fell to 51.2 in March, missing economist forecasts’ of 51.6 and down from February’s 51.7. While the index was still well above the 50.0 mark which separates expansion from contraction on a monthly basis, the rates of growth…

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China March factory activity grows fastest in nearly five years: official PM

March 31, 2017 BEIJING (Reuters) – Activity in China’s manufacturing sector unexpectedly expanded at the fastest pace in nearly 5 years in March, adding to evidence that the world’s second-largest economy has gained momentum early this year, an official survey showed on Friday. The official Purchasing Managers’ Index (PM) rose to 51.8 in March from the previous month’s 51.6, and was well above the 50-point mark that separates growth from contraction on a monthly basis. The reading was stronger than the 51.6 that economists had expected and the highest since…

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