http://en.xfafinance.com us-en Xinhua Finance Agency desdev@vip.qq.com http://en.xfafinance.com/html/Economies/Economic_Data/2024/1009090.shtml Xinhua Finance Agency Economic Data Tue, 27 Aug 2024 09:44:06 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1009090.shtml
BEIJING, Aug. 27 (Xinhua) -- Profits of China's major industrial firms increased 3.6 percent year on year in the first seven months of the year, official data showed Tuesday. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1008870.shtml Xinhua Finance Agency Economic Data Mon, 26 Aug 2024 13:02:42 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1008870.shtml
BEIJING, Aug. 26 (Xinhua) -- China's fiscal revenue dipped 2.6 percent year on year in the first seven months of this year, official data showed Monday.

The pace of decrease eased from a decline of 2.8 percent registered in the first half of the year, according to the Ministry of Finance.

The January-July figure, however, rose 1.2 percent after adjustment by deducting effects from factors such as favorable policies for micro, small and medium enterprises that led to a higher comparative basis last year, and tax reduction measures.

A breakdown of the data showed the country's tax revenue decreased 5.4 percent from one year earlier, while its non-tax revenue climbed 12 percent during the period.

During the first seven months, the central government collected 5.97 trillion yuan (about 839.2 billion U.S. dollars) in fiscal revenue, down 6.4 percent year on year, while local governments collected 7.59 trillion yuan, up 0.6 percent, according to the ministry.

The country's fiscal expenditure expanded 2.5 percent year on year during the January-July period.

The data came amid the country's efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery.

A finance official said previously that the country would enhance fiscal support for sectors related to the people's well-being, and ensure the implementation of fiscal and tax policies in areas such as employment, education, elderly care and health care.

The Chinese economy expanded 5 percent year on year in the first half of 2024. ]]> http://en.xfafinance.com/html/Economies/Regional/2024/1008834.shtml Xinhua Finance Agency Regional Mon, 26 Aug 2024 10:23:58 +0800 http://en.xfafinance.com/html/Economies/Regional/2024/1008834.shtml
MACAO, Aug. 26 (Xinhua) -- The Statistics and Census Service (DSEC) of China's Macao Special Administrative Region (SAR) said Friday that the SAR's gross domestic product (GDP) expanded by 15.7 percent year-on-year in real terms to MOP 204.3 billion (25.4 billion U.S. dollars) in the first half of this year.

The overall economic output returned to 86.2 percent of the level in the same period in pre-pandemic 2019, with the GDP surpassing the MOP 200 billion-mark again. The last time was in the first half of 2019, the agency said.

Data showed that the SAR's private consumption expenditure rose 7.8 percent year-on-year in the first half, which the DSEC attributed to an increase in residents' incomes amid the improving local economy and labor market.

On the same day, the DSEC also reported that Macao's composite consumer price index (CPI) for July rose 0.82 percent year-on-year, and its average composite CPI for the first seven months of this year climbed 0.96 percent year-on-year. (1 MOP equals 0.12 U.S. dollar) ]]> http://en.xfafinance.com/html/Economies/Trade/2024/1007638.shtml Xinhua Finance Agency Trade Wed, 21 Aug 2024 16:44:27 +0800 http://en.xfafinance.com/html/Economies/Trade/2024/1007638.shtml
URUMQI, Aug. 21 (Xinhua) -- The total imports and exports of goods in northwest China's Xinjiang Uygur Autonomous Region grew 39.1 percent year on year to 253.3 billion yuan (about 35.5 billion U.S. dollars) in the first seven months of 2024, official data showed Wednesday.

According to the customs of Urumqi, the regional capital, the China (Xinjiang) Pilot Free Trade Zone (FTZ), and the region's integrated bonded areas have continued to be important engines driving Xinjiang's foreign trade.

In the first seven months, the import and export value of the first pilot FTZ in China's northwest border area reached 85.1 billion yuan, accounting for 33.6 percent of Xinjiang's total trade volume. The total import and export value of the four integrated bonded zones -- Kashgar, Horgos, Alataw and Urumqi accounted for 42.9 percent of the trade volume.

During that period, Xinjiang had trade exchanges with 206 countries and regions worldwide. ]]> http://en.xfafinance.com/html/Economies/Trade/2024/1007112.shtml Xinhua Finance Agency Trade Mon, 19 Aug 2024 10:55:17 +0800 http://en.xfafinance.com/html/Economies/Trade/2024/1007112.shtml
TAIYUAN, Aug. 19 (Xinhua) -- The total imports and exports of goods in north China's coal-rich Shanxi Province grew 14.7 percent year on year to 101.2 billion yuan (about 14.2 billion U.S. dollars) in the first seven months of 2024, official data showed Saturday.

From January to July, the province's exports grew 12.5 percent to 61.05 billion yuan, while imports rose 18.2 percent to 40.15 billion yuan, according to the customs bureau of Taiyuan, the province's capital city.

During the period, Shanxi's trade with countries participating in the Belt and Road Initiative reached 47.52 billion yuan, marking a 23.6-percent increase and accounting for 47 percent of its total trade volume. Trade with the other Regional Comprehensive Economic Partnership (RCEP) member countries accounted for 32.1 percent of the total.

In terms of export items, mobile phones, rolled steels, solar cell and coal saw significant growth, with year-on-year surges of 10.8 percent, 15.6 percent, 189.6 percent, and 177.4 percent, respectively. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1006076.shtml Xinhua Finance Agency Economic Data Thu, 15 Aug 2024 10:38:26 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1006076.shtml
BEIJING, Aug. 15 (Xinhua) -- China's service production index went up 4.8 percent year on year in July, quickening by 0.1 percentage points from the previous month, official data showed Thursday. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1006054.shtml Xinhua Finance Agency Economic Data Thu, 15 Aug 2024 10:00:56 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1006054.shtml
BEIJING, Aug. 15 (Xinhua) -- China's value-added industrial output, an important economic indicator, expanded 5.1 percent year on year in July, official data showed Thursday. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1006053.shtml Xinhua Finance Agency Economic Data Thu, 15 Aug 2024 10:00:21 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1006053.shtml
BEIJING, Aug. 15 (Xinhua) -- China's fixed-asset investment rose 3.6 percent year on year in the first seven months of 2024, data from the National Bureau of Statistics showed Thursday. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1005276.shtml Xinhua Finance Agency Economic Data Mon, 12 Aug 2024 10:38:28 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1005276.shtml
BEIJING, Aug. 12 (Xinhua) -- China's automobile industry has revealed a growth trend, with its production and sales of vehicles increasing steadily in the first seven months of 2024, data from the China Association of Automobile Manufacturers showed on Friday.

From January to July, China's auto production totaled nearly 16.18 million units, up 3.4 percent year on year. Auto sales stood at 16.31 million units, an increase of 4.4 percent from the same period last year.

In July, China's auto market entered its traditional off-season and its overall performance was relatively flat. Auto production came in at nearly 2.29 million units in July, down 4.8 percent year on year, and monthly sales totaled over 2.26 million units, down 5.2 percent year on year.

Production and sales of new energy vehicles (NEVs) maintained rapid growth in the first seven months.

During the period, NEV production climbed to over 5.91 million units, rising 28.8 percent year on year. Sales of NEVs came in at over 5.93 million units, up 31.1 percent from a year earlier. NEVs accounted for 36.4 percent of all domestic new-car sales in the first seven months.

Some 708,000 NEVs were exported during the period, a year-on-year rise of 11.4 percent. ]]> http://en.xfafinance.com/html/Economies/Trade/2024/1005262.shtml Xinhua Finance Agency Trade Mon, 12 Aug 2024 10:05:43 +0800 http://en.xfafinance.com/html/Economies/Trade/2024/1005262.shtml
BEIJING, Aug. 12 (Xinhua) -- China's services trade saw rapid growth in the first half of 2024, with a steep increase in the trade of travel-related services, official data showed on Friday.

The country's services trade totaled nearly 3.6 trillion yuan (503.6 billion U.S. dollars) between January and June, up 14 percent year on year, according to the Ministry of Commerce.

Services exports neared 1.5 trillion yuan, up 10.7 percent, and services imports jumped 16.4 percent to over 2.1 trillion yuan, resulting in a deficit of 662.9 billion yuan.

Trade in travel-related services skyrocketed 47.7 percent to surpass 961.7 billion yuan, and trade in knowledge-intensive services rose 3.7 percent to more than 1.4 trillion yuan. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1004861.shtml Xinhua Finance Agency Economic Data Fri, 09 Aug 2024 09:39:35 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1004861.shtml
BEIJING, Aug. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, was up 0.5 percent year on year in July, the National Bureau of Statistics showed Friday. ]]> http://en.xfafinance.com/html/Economies/Trade/2024/1004384.shtml Xinhua Finance Agency Trade Wed, 07 Aug 2024 10:17:54 +0800 http://en.xfafinance.com/html/Economies/Trade/2024/1004384.shtml
SHENZHEN, Aug. 7 (Xinhua) -- A total of 96 China-Europe freight trains with a cumulative shipment value of 2.74 billion yuan (about 384.2 million U.S. dollars) departed from Shenzhen in the first half of 2024, a year-on-year increase of 34.2 percent, Shenzhen Customs said on Tuesday.

The trains passed through Russia, Belarus, Poland, Germany, and other European countries and regions, carrying more than 100 types of goods, including electronic products, mechanical equipment and clothing.

"Compared to maritime transport and air transport, China-Europe freight trains are less likely to be affected by nature and have high stability. They are very attractive to companies seeking to deliver products with certain volumes and high requirements for transport timeliness," said Xu Zhenkang, a Shenzhen Customs official.

Shenzhen Customs has diverse export product categories, including such high-value-added and high-tech goods as electronic products and robots, as well as household goods, and machinery and equipment, according to Xu.

Local enterprises have made remarkable achievements in exporting electronic appliances, digital products and other goods from Shenzhen aboard the China-Europe freight trains. Increasing numbers of goods from the Pearl River Delta region, which includes Foshan City and Zhongshan City, have also been sent to Shenzhen so that they can be exported on the freight trains.

"China-Europe freight trains have become an important bridge connecting the Guangdong-Hong Kong-Macao Greater Bay Area with Europe. Since the beginning of this year, we have supported train operators to relaunch a Shenzhen-Budapest route so that enterprises can expand their markets and usher in more opportunities," Xu said.

Data shows that in the first half of 2024, Shenzhen's imports and exports totaled 2.2 trillion yuan, a year-on-year increase of 31.7 percent, which set a record high for the same period and accounted for 10.4 percent of the national total. ]]> http://en.xfafinance.com/html/Economies/Trade/2024/1003805.shtml Xinhua Finance Agency Trade Mon, 05 Aug 2024 10:08:49 +0800 http://en.xfafinance.com/html/Economies/Trade/2024/1003805.shtml
GUIYANG, Aug. 5 (Xinhua) -- The foreign trade volume of tea on the Chinese mainland reached 196,400 tonnes during the first half (H1) of 2024, up 2.21 percent year on year, according to the Tea Industry Committee of China Association for the Promotion of International Agricultural Cooperation.

During the period, China's import volume of tea reached 24,400 tonnes, an increase of 41.54 percent, while the import value of tea reached 72 million U.S. dollars, up 10.14 percent year on year.

Belt and Road partner countries were the biggest tea trade partners in the first six months of this year, with their tea trade with China reaching some 168,400 tonnes during the period, according to Wei You, secretary general of the tea industry committee.

The committee released an annual report on China's tea trade with Belt and Road partner countries during an industrial conference held on Sunday in southwest China's Guizhou Province. The report points out that green tea was the major export category in the tea trade with Belt and Road partner countries during the period, accounting for 92.35 percent of the total. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002774.shtml Xinhua Finance Agency Economic Data Wed, 31 Jul 2024 09:38:12 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002774.shtml
BEIJING, July 31 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 50.2 in July, down from 50.5 in June, official data showed Wednesday.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002773.shtml Xinhua Finance Agency Economic Data Wed, 31 Jul 2024 09:36:49 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002773.shtml
BEIJING, July 31 (Xinhua) -- The purchasing managers' index (PMI) for China's manufacturing sector came in at 49.4 in July, official data showed Wednesday. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002451.shtml Xinhua Finance Agency Economic Data Tue, 30 Jul 2024 09:30:21 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002451.shtml
BEIJING, July 30 (Xinhua) -- The value-added industrial output of China's non-ferrous metals industry rose by 10.8 pct year on year in the first half (H1) of 2024, with the growth rate being 4.8 percentage points higher than the country's general value-added industrial output growth during the same period, according to latest data.

In particular, the value-added industrial output of mining and dressing enterprises grew by 9.1 percent year on year, while enterprises engaged in smelting and processing saw 11.1 percent growth in value-added industrial output, according to the data released by the China Nonferrous Metals Industry Association.

Since the beginning of this year, the industry sustained steady growth, evidenced by improved investment structure, robust imports and exports, and significant growth in corporate profits, according to Chen Xuesen, vice president of the association.

Chen said that policies, including large-scale equipment renewal and trade-ins, have supported domestic demand and promoted non-ferrous metals consumption.

The rapid development of the tech-intensive green trio, namely lithium-ion batteries, photovoltaic products and NEVs, high-end manufacturing like high-speed trains, aerospace techs as well as the development of a new generation of emerging industries, including electronic information focused on artificial intelligence, have also driven the demand for non-ferrous metals, Chen said.

"In the second half of this year, the fundamentals of the non-ferrous metals industry are still solid, and it is preliminarily expected that market demand will still maintain steady growth," Chen noted. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002120.shtml Xinhua Finance Agency Economic Data Mon, 29 Jul 2024 09:15:48 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1002120.shtml
BEIJING, July 29 (Xinhua) -- Profits of China's major industrial firms increased 3.5 percent year-on-year in the first six months, up from the 3.4 percent increase recorded in the first five months, official data showed on Saturday.

The National Bureau of Statistics (NBS) reported that industrial profits rose by 3.6 percent year-on-year in June alone, an increase of 2.9 percentage points from May.

NBS statistician Yu Weining said China's industrial sector witnessed a steady profit recovery in the first half of 2024, bolstered by the effective implementation of various macroeconomic policies.

In breakdown, the rapid advancement of high-end, intelligent, and green manufacturing led to a 6.6 percent year-on-year profit growth in the equipment manufacturing sector in the first half of the year, according to the NBS.

The consumer goods manufacturing sector saw a 10 percent year-on-year profit increase in the first half, the NBS noted, driven by a recovery in domestic demand, accelerated growth in industrial product exports and a low base from the previous year.

Despite the recovery, Yu highlighted that insufficient domestic demand continued to constrain improvements in corporate profits, while a complex international environment increased operational pressures on companies. The foundation for industrial profit recovery still needs to be consolidated.

Looking ahead, Yu said efforts will focus on expanding domestic demand, developing new quality productive forces and fostering new growth drivers to underpin the recovery of the industrial economy. ]]> http://en.xfafinance.com/html/Economies/Trade/2024/1001628.shtml Xinhua Finance Agency Trade Fri, 26 Jul 2024 10:27:12 +0800 http://en.xfafinance.com/html/Economies/Trade/2024/1001628.shtml
SHANGHAI, July 26 (Xinhua) -- China's financial hub Shanghai saw its foreign trade hit a record high of 2.1 trillion yuan (about 294.44 billion U.S. dollars) in the first half of 2024, Shanghai Customs said Thursday.

During the period, Shanghai's exports rose 1.8 percent year on year to 857.49 billion yuan, while imports decreased 0.2 percent to 1.24 trillion yuan.

In the first half, Shanghai's exports of mechanical and electrical products increased 0.8 percent year on year to 591.25 billion yuan, accounting for 69 percent of the city's total export value. Its exports of ships jumped by 92.3 percent year on year to 31.89 billion yuan.

In the same period, Shanghai's trade with the Association of Southeast Asian Nations (ASEAN) totaled 277.35 billion yuan, up 4.8 percent year on year. Its trade with BRICS countries increased by 11.2 percent year on year to 200.32 billion yuan. ]]> http://en.xfafinance.com/html/Economies/Economic_Data/2024/1000494.shtml Xinhua Finance Agency Economic Data Mon, 22 Jul 2024 16:55:07 +0800 http://en.xfafinance.com/html/Economies/Economic_Data/2024/1000494.shtml
BEIJING, July 22 (Xinhua) -- China's fiscal revenue fell 2.8 percent year on year to 11.59 trillion yuan (about 1.62 trillion U.S. dollars) in the first half of 2024 (H1), according to data released Monday by the Ministry of Finance.

The country's fiscal expenditure rose 2 percent during the period to 13.66 trillion yuan, the data showed. ]]> http://en.xfafinance.com/html/Economies/Regional/2024/1000468.shtml Xinhua Finance Agency Regional Mon, 22 Jul 2024 16:13:09 +0800 http://en.xfafinance.com/html/Economies/Regional/2024/1000468.shtml
LHASA, July 22 (Xinhua) -- Foreign trade in southwest China's Xizang Autonomous Region surged 132.4 percent year on year in the first half (H1) of 2024, local authorities said on Monday.

The region's total import and export value surpassed 3.8 billion yuan (about 522.7 million U.S. dollars) during the period, with its growth rate ranking first nationwide, according to the Lhasa Customs.

Of the total, Xizang's exports grew 122.9 percent year on year to over 3.2 billion yuan, and its imports climbed to 591 million yuan, up 202 percent year on year.

During this period, Xizang saw the number of its foreign trade partners increase by 36 compared to the same period last year. Labor-intensive products and mechanical and electrical goods are the region's main foreign trade commodities.

Notably, over 90 percent of the region's foreign trade enterprises were private enterprises, contributing some 3.72 billion yuan of imports and exports, up 133.7 percent year on year. ]]>