Nikada/E+ via Getty Images The Asia-Pacific equity market were mixed on Monday after fresh data showed the Chinese economy grew less than expected in Q2 of 2024 amid mounting internal and external headwinds, and the market participants were also nervous following an assassination attempt on former US President Trump Saturday.Continue Reading
Kagenmi The official data showed that China’s economy expanded 4.7% in the second quarter from a year ago, lower than the 5.3% seen in the previous quarter and missing expectations for a 5.1% growth. This marked the weakest yearly advance since Q1 of 2023, amid a persistent property downturn, weakContinue Reading
loveguli The Asia-Pacific equity market was mostly higher on Friday as investors absorbed the latest economic data from China, and also investors weighed mixed signals on Wall Street in the wake of a cooler-than-expected US inflation report. Japan (NKY:IND) -2.45%. The Nikkei index tumbled after BOJ conducted rate checks withContinue Reading
baona The annual inflation rate in China ticked lower to 0.2% in June 2024 from 0.3% in the previous month, marking the fifth consecutive month of consumer inflation, albeit the lowest rate since March, amid weak domestic demand. Meanwhile, producer prices decreased by 0.8% year-on-year, in line with forecasts andContinue Reading
Pla2na/iStock via Getty Images China’s foreign-exchange reserves declined in June as a strengthening U.S. dollar pressured the yuan. Reserves fell $9.68 billion to $3.222 trillion, or by 0.3%, by the end of the month, the State Administration of Foreign Exchange said Sunday. Exchange-rate conversion and changes in asset prices contributedContinue Reading
Nikada/E+ via Getty Images China’s economic woes, centered around a protracted crisis in the property market, have created an impression that weak real activity will show up in softer imports of key commodities. The reality, however, turned out to be the opposite, with the country now a key driver ofContinue Reading
Igor Kutyaev The Caixin China General Services PMI declined to 51.2 in June 2024 from May’s 10-month high of 54.0, below forecasts of 53.4, expanded for the eighteenth consecutive month, although at its softest pace in eight months, as new orders and export order growth eased. The Caixin China GeneralContinue Reading
Chinese electric car manufacturer BYD Company (OTCPK:BYDDY, OTCPK:BYDDF) is extending its reach into Europe through a partnership with French leasing firm Ayvens, majority owned by Société Générale. Through Ayvens, BYD (OTCPK:BYDDY, OTCPK:BYDDF) will be able to offer commercial and retail leasing options at more than 30 European companies within aContinue Reading
Robert Way/iStock Editorial via Getty Images Li Auto (NASDAQ:LI) delivered 47,774 vehicles in June 2024, a significant 46.7% increase Y/Y. This momentum carried through the entire Q2, with deliveries reaching an impressive 108,581, reflecting a 25.5% Y/Y growth. As of June 30, 2024, its cumulative deliveries reached 822,345 vehicles, rankingContinue Reading
Igor Kutyaev The official NBS Manufacturing PMI in China shows the manufacturing activity remained in contraction for the second straight month, signaling the need for additional stimulus measures as China strives to regain economic stability. Meanwhile, the services sector remained in expansion but slowed to a six-month low. China’s manufacturingContinue Reading
