Chinese Economic Activity Grew at Slower Pace in April morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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May 7, 2021 8:36 AM UTC BEIJING China s foreign-exchange reserves rose as expected in April, thanks to a larger trade surplus and likely capital inflows attracted by the country s bond and stock markets. The People s Bank of China said Friday that the nation s hoard of foreign-exchange reserves stood at $3.198 trillion at the end of April, up from $3.17 trillion at the end of March. The result was in line with reserves of $3.2 trillion expected by economists polled earlier by The Wall Street Journal. Write to Singapore Editors at singaporeeditors@dowjones.com (END) Dow Jones Newswires Sponsor Center
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May 7, 2021 3:52 AM UTC BEIJING China s exports and imports grew faster than expected in April, official data showed Friday, as global demand stayed strong while commodity prices remained high. Outbound shipments in April rose 32.3% from a year earlier, up from a 30.6% increase in March, the General Administration of Customs said. The result was much higher than the 21.0% growth expected by economists polled by The Wall Street Journal. Exports in April rose 9.5% from March, data from the customs bureau showed. China s imports last month surged 43.1% from a year earlier, up from the 38.1% growth in March and beat economists expectations of a 40% growth. Economists had expected soaring commodity prices to lift China s imports.
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Apr 30, 2021 1:37 AM UTC BEIJING China s official gauge of factory activity fell more-than-expected in April albeit remaining in expansion territory, as both production and new orders retreated. China s official manufacturing purchasing managers index declined to 51.1 in April from 51.9 in March, according to data released Friday by the National Bureau of Statistics. The reading was much lower than the 51.6 median forecast expected by economists polled by The Wall Street Journal, but remained above the 50 mark, which separates activity expansion from contraction. The reading has now remained in expansionary territory for 14 straight months. The subindex measuring production fell to 52.2 from 53.9 in March. Total new orders also dropped to 52 from 53.6 in March, according to the official data. The subindex of new export orders fell from 51.2 in March to 50.4, staying in the expansionary territory for two straight months.
China s First-Quarter Exports Jumped 38 7% in Yuan Terms morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.