Economics News Results

  • China Home Sales Continued Surging in March

    China's home sales surged in March, albeit at a slower pace than in the first two months of the year, given a low comparative base in early 2020 and the country's recovery from the coronavirus pandemic. Home sales by volume--a major indicator of demand--soared 95.5% in the first three months of 2021 from a year earlier, slower than the 143.5% gain recorded in the first two months of the year, according to data released Friday by the National Bureau of Statistics.

  • China Economic Indicators Sustain Momentum in March

    BEIJING--China's major economic indicators continued to show robust growth momentum in March, according to official data Friday, helping the world's second-largest economy report its fastest year-on-year growth on record in the first quarter. Industrial production, investment and consumer spending all posted double-digit percentage growth in March, though the growth rates were generally lower than those during the January-February period, which were measured...

  • Chinese Economy Grows More Than 18% in First Quarter

    BEIJING--China's economy surged 18.3% in the first quarter from a year earlier, a record rate of growth that was flattered by the coronavirus-induced trough at the start of 2020, but that also reflects continued momentum in the world's second-largest economy. The rate of gross domestic product growth in the first three months of 2021 was sharply higher than the 6.5% year- over-year growth recorded in the final quarter of 2020, though it fell short of the 19.2% growth expected...

  • China's Q1 GDP grows at record pace as recovery speeds up

    * China GDP grows at record 18.3% pace in Q1, vs Q4's 6.5% * March industrial output 14.1% y/y, vs 35.1% in Jan-Feb. * March retail sales up 34.2%, vs 33.8% in Jan-Feb. China's economic recovery quickened sharply in the first quarter from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support for smaller firms.

  • China New Homes Prices Grew Moderately in March

    BEIJING--China's new home prices grew moderately in March as government measures to cool the property market and tightening capital flows had some impact. Average new home prices rose 4.36% in March from a year earlier, the National Bureau of Statistics said Friday, following a 4.06% rise in February. On a month-over-month basis, average new home prices rose 0.41% in March, compared with a 0.36% increase in February.

  • China January-March property investment up 25.6% y/y

    Real estate investment in China rose 25.6% in the first three months of the year from a year earlier, cooling from a 38.3% gain seen in the first two months, official data showed on Friday. Property sales by floor area grew 63.8% year-on-year, down from a 104.9% rise in the first two months of the year, the National Bureau of Statistics said in a statement.

  • China's Q1 GDP grows at record 18.3% y/y as recovery speeds up

    China's economy grew at a record pace in the first quarter, official data showed on Friday, expanding 18.3% from a year earlier as the recovery from the coronavirus slump accelerated. The growth in gross domestic product was slower than the 19% forecast by economists in a Reuters poll, and followed 6.5% growth in the fourth quarter last year.

  • China industrial output rises 14.1% y/y in March, retail sales jump 34.2%

    China's industrial output grew 14.1% in March year-on-year, slowing from a 35.1% surge in the January-February period, while retail sales rose at a solid pace, official data showed on Friday. The output figure lagged a 17.2% on-year rise forecast by analysts in a Reuters poll.

  • China's home price boom spreads to more cities as investors defy curbs

    * March new home prices up 0.5% m/m vs 0.4% in February. * 62 out of 70 cities reported higher prices, vs 56 in February.

  • China's new home prices quicken in March

    New home prices in China rose at a faster pace in March, data showed on Friday, even as authorities have taken measures to further clamp down on property speculation. Average new home prices in 70 major cities grew 0.5% in March from a month earlier, quickening from a 0.4% gain in February, according to Reuters calculations based on data released by the National Bureau of Statistics.

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