Unemployment in China
China - UnemploymentEconomic growth moderated sharply in May, mostly due to tighter financial conditions as authorities continue to crack down on shadow banking and support financial deleveraging. Infrastructure investment, which is highly sensitive to new credit, led the fall in fixed asset investment growth. While manufacturing output slowed in May, activities related to the new economy—mostly high-tech—continued to post solid growth. After showing resilience for most of this year, consumption has now become a concern as retail sales growth fell to a multi-year low in May. While a drop in car sales represents the bulk of the deceleration, a further deterioration in retail sales could seriously hit growth in H2. The escalation in the trade war between China and the U.S. continued in June, with both countries targeting USD 50 billion in import tariffs. While the impact is expected to be rather limited, it represents another step towards a full-blown trade conflict.
China - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
China Unemployment Chart
Source: National Bureau of Statistics of China.
|Bond Yield||3.52||-0.11 %||Jul 13|
|Exchange Rate||6.69||-0.19 %||Jul 13|
|Stock Market||2,831||-0.34 %||Jul 13|
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July 16, 2018
Growth in China lost some steam in Q2, reflecting aggressive financial deleveraging and authorities’ efforts to crack down on shadow banking.
July 11, 2018
Consumer prices fell 0.1% from the previous month in June, continuing the downward trend seen since March.
June 30, 2018
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) fell to 51.5% in June from 51.9% in May.
June 18, 2018
Trade tensions between China and the United States escalated further on 15 June after the two countries announced punitive trade tariffs affecting in total USD 110 billion in bilateral trade.
June 15, 2018
House prices in 70 large- and medium-sized cities rose 0.7% in May in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).