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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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China first-quarter GDP grows faster than expected 6.9 percent, steel output hits record

April 17, 2017 By Kevin Yao BEIJING (Reuters) – China’s economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing market that is showing signs of overheating. Analysts polled by Reuters had expected the economy to expand 6.8 percent in the first quarter, the same pace as in the fourth quarter of 2016. First-quarter growth was the fastest since the third quarter of 2015, with March data showing investment, retail sales, factory output…

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