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Beijing China Economy month National Bureau Top News 

China’s new home price growth continues to slow in July

August 18, 2017 By Yawen Chen and Ryan Woo BEIJING (Reuters) – Growth in new home prices slowed in China in July with Beijing prices down for a second straight month, reinforcing expectations of further slowing later this year. Government restrictions to keep prices in check weighed on larger cities, with July showing the slowest growth since August 2016. Smaller centers pulled back but remained robust. New home prices growth in Tier-3 cities fall to 0.6 percent from 0.9 percent in June, the National Bureau of Statistics (NBS) said in…

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China Economy Mao Shengyong National Bureau news Top News 

China’s stable economic performance should continue in second half: stats bureau

August 14, 2017 BEIJING (Reuters) – China’s stable economic performance should continue in the second half of this year and the overheated property market has cooled somewhat, a spokesman of National Bureau of Statistics said on Monday. China created 8.55 million new jobs in the January-July period, and the July survey-based unemployment rate in major cities was under 5 percent, Mao Shengyong told a news conference. (Reporting by Elias Glenn; Editing by Jacqueline Wong) Powered by WPeMatico

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consumer Economy month National Bureau PPI Top News 

Steady China factory inflation a boon for industrial profits, economic growth

August 9, 2017 By Sue-Lin Wong and Min Zhang BEIJING (Reuters) – China’s factory price inflation held steady in July in a positive sign for industrial output and profits for the third quarter, even though a government-led deleveraging drive is expected to cool earnings and economic growth by year-end. China’s economy has expanded solidly this year as commodity prices recovered, helping boost the industrial sector, while mild consumer price gains have left policymakers room to maneuver should growth falter. The producer price index (PPI) rose 5.5 percent last month from…

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China June Economy increase month National Bureau Top News 

China industrial profits jump 19.1 percent year on year, weather higher financing costs

July 27, 2017 BEIJING (Reuters) – Earnings for China’s industrial firms surged 19.1 percent in June from a year earlier, accelerating from May in a sign economic momentum remains solid even as rising borrowing costs have raised concerns about pressure on margins. Profits in June rose to 727.78 billion yuan ($107.83 billion), the National Bureau of Statistics (NBS) said on its website on Thursday. For the first half of the year, the firms notched up profits of 3.63 trillion yuan, a 22.0 percent jump from the same period of last…

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China June Economy month National Bureau policy Top News 

China’s property market slows, Beijing prices down for first time since 2015

July 18, 2017 By Yawen Chen and Ryan Woo BEIJING (Reuters) – Home property prices in Beijing fell for the first time in more than two years in June, while Shanghai further declined and Shenzhen stalled, pointing to significant cooling in China’s biggest real estate markets, official data showed. Nationwide, home price growth slowed slightly in June as government efforts to keep prices in check weighed on larger cities, though smaller cities maintained rapid growth. People in the industry expect home prices in China’s largest cities to stay on a…

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Business China debt National Bureau policy 

China second quarter GDP growth tops forecasts on strong investment, consumption

July 17, 2017 By Elias Glenn and Kevin Yao BEIJING (Reuters) – China’s economy grew faster than expected in the second quarter as industrial output and consumption picked up and investment remained strong, though analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk. The economy grew 6.9 percent in the second quarter from a year earlier, the same rate as the first quarter, the National Bureau of Statistics said on Monday. Analysts polled by Reuters had expected the economy to expand 6.8…

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China Economy month National Bureau Top News 

China May home prices rise 0.7 percent m/m, 10.4 percent y/y

June 19, 2017 BEIJING (Reuters) – Average new home prices in China’s 70 major cities rose 0.7 percent in May from the previous month, in line with April, Reuters calculated from an official survey out on Monday. Compared with a year ago, new home prices rose 10.4 percent in May, slowing slightly from an 10.7 percent gain in April, Reuters calculated from National Bureau of Statistics (NBS) data. Regulators have intensified their crackdown on speculators since late March by taking tougher measures in at least two dozen cities to curb…

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consumer CPI Economy month National Bureau Top News 

China’s easing factory gate prices hint at broader economic slowdown

June 9, 2017 BEIJING (Reuters) – China’s producer price inflation eased for the third straight month in May on tumbling prices of raw materials, signaling a broader cooling in economic activity as profits are squeezed by slackening domestic demand and rising financing costs. Moderating factory gate inflation in the world’s second-biggest economy could be a further worry for global central banks like the U.S. Federal Reserve and European Central Bank, which are puzzling over why domestic prices have remained sluggish despite improving economic growth. China’s producer price index (PPI) rose…

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China home prices pick up pace in April despite curbs

May 18, 2017 BEIJING (Reuters) – Home prices in China rose 0.7 percent in April, barely faster than the 0.6 percent increase in March, following tougher curbs aimed at driving speculators out of what had been a red hot market. Compared with a year ago, new home prices in China’s 70 major cities rose 10.7 percent in April, moderating from 11.3 percent in March, according to Reuters calculations based on data issued by the National Bureau of Statistics (NBS) on Thursday. Analysts say accelerated prices gains were likely supported by…

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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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