Tag Archives: Yuan
China’s Growth Slows; Third Plenum Targets Reform and Stimulus
In Q2 2024, China’s GDP grew by 4.7% year-on-year, falling short of the 5.1% market forecast and decelerating from Q1’s 5.3% growth. This marks the slowest annual increase since Q1 2023, attributed to several factors: a persistent property market downturn, weak domestic demand, declining yuan value, and trade tensions with Western countries. Despite these challenges, […]
Data Divergence and Rate Differential Pressure Chinese Yuan
China’s retail sales saw a 5.5% year-on-year increase in the combined months of January and February 2024. This figure surpassed the market consensus of 5.2% and followed a 7.4% rise in December. Retail trade experienced growth for the 13th consecutive month, with sales rising further for various categories such as grain and food oil […]
