MNI POLICY: BOE Split Over Measures Of Inflation Persistence

MNI China Daily Summary: Thursday, April 25

MNI BRIEF: China Opposes Accusations Of Overcapacity - MofCom

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1058 Thurs; -4.80% Y/Y

CBI Reported Retail Sales At Cycle Lows

MNI: UK CBI APR DIST TRADE REPORTED SALES -44

France Manufacturing Sentiment Reverses Year-To-Date Gains

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China Q4 GDP Grows 5.2%, 2023 GDP Beyond Target

MNI (Singapore)
MNI (Beijing)

The Chinese economy grew by 5.2% y/y in Q4, in line with market expectations, bringing 2023 GDP to 5.2%, which ensures Beijing will meet its annual growth target of “around 5%", data released by the National Bureau of Statistics on Wednesday showed.

Industrial production rose 6.8% y/y in December to mark the fastest expansion since June 2021 (8.3%), up from November's 6.6% and beating the 6.6% forecast.

Consumption slowed last month with retail sales decelerating to 7.4% y/y from November's 10.1% gain, also underperforming the 8.0% expectation.

Fixed-asset investment in 2023 registered a 3.0% y/y increase, rising slightly from the 2.9% growth over the Jan-Nov period and better than the 2.9% consensus. Property investment fell further by 9.6% y/y following the previous 9.4% decrease. Both infrastructure investment and manufacturing investment grew by 5.9% and 6.5%, both higher than the previous 5.8% and 6.3%.

DataPolicy NewsHomepageAPACChinaData BriefData StoriesBriefStoryRegion
True
DataPolicy NewsHomepageAPACChinaData BriefData StoriesBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.