China Activity Proxy News Today

The Dow rallied 478 points, bolstered by Merck and Intel. The S&P 500 closed at a record high and finished within 13 points of its intraday record.

Shares advance at open; Kelsian profits slump 60 per cent; massive impairments drive Healius into red; Brambles lifts final dividend; monthly CPI data at 11.30am AEST. Follow here for more.

China’s economy grew more than expected last year but a spate of COVID-19 outbreaks and a downturn in the debt-laden property sector weighed on growth.

Russia has already pumped its controversial new Nord Stream 2 pipeline full of gas, piling pressure on Germany to approve the project.

SHANGHAI -- China's economic growth continued to decelerate in the third quarter, as gross domestic product came in at 4.9%, softened by the country's

* Q1 GDP +0.6% q/q s/adj (fcast +1.5%, Q4 +3.2% revised) * March industrial output +14.1% y/y (fcast +17.2%, Jan-Feb +35.1%) * March retail sales +34.2% y/y (fcast +28%, Jan-Feb +33.8%) * Jan-March fixed asset investment +25.6% y/y (fcast +25.3%, Jan-Feb +35%) * Jan-March property investment +25.6% y/y (Jan-Feb +38.3%) MARKET REACTION Chinas blue-chip index was down 0.5%, while the Shanghai SE Composite Index was flat. COMMENTARY: EDWARD MOYA, SENIOR MARKET ANALYST, OANDA, NEW YORK "A wrath of ...

MacroBusiness Access Subscriber Only Content at 1:00 pm on April 16, 2021 | 7 comments Lordy, China data is a mess. Base effects have distorted everything. If we look through the fog what we find mostly is a disappointment. First-quarter GDP was only 0.6%, far below the forecast 1.4%. That is disguised by year on year figures which are wonky as anything 18.3%: The internals for the month of March were just as warped with industrial production at 14.1% versus 18% expected, retail sales at 34.2% ...

China is likely to have been the only large economy to grow last year as it rebounded from COVID lockdowns.