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China coal Economy government Ryan Woo Top News 

China’s urban unemployment rate stays below 4 percent for second straight quarter

July 28, 2017 BEIJING (Reuters) – China’s registered urban unemployment rate stayed below 4 percent for the second consecutive quarter as the world’s No. 2 economy maintained a robust growth trajectory in 2017’s first half. China’s urban registered unemployment rate was 3.95 percent at end-June, compared with 3.97 percent at end-March and 4.05 percent a year earlier, the Ministry of Human Resources and Social Security said on Friday. On an annual basis, the official unemployment rate was last below 4 percent in 2001, when it was 3.6 percent. The rate…

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coal economic growth Economy month Ryan Woo Top News 

China June trade beats expectations as global demand remains strong

July 13, 2017 By Yawen Chen and Ryan Woo Beijing (Reuters) – China reported better-than-expected trade data for June, suggesting the economy is holding up well thanks to firmer global demand, despite a cooling property market at home amid a financial crackdown that has put firms under pressure. China’s June exports rose 11.3 percent from a year earlier, while imports expanded 17.2 percent, both beating analysts’ expectations, official data showed on Thursday. That left the country with a trade surplus of $42.77 billion for the month, the General Administration of…

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China Economy month Ryan Woo Sam Xie Top News 

China’s month-on-month home price growth remains robust in May

June 19, 2017 By Yawen Chen and Ryan Woo BEIJING (Reuters) – Prices in China’s sizzling property market kept pace in May with the previous month, indicating resilient demand despite the imposition of tougher official measures to curb surging prices. Firm price gains highlight the challenge Chinese authorities face in taming an overheating market without disrupting the economy, in which real estate is a major driver of growth. Average new home prices in China’s 70 major cities rose 0.7 percent in May from the previous month, in line with April,…

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