⚡#China GDP data:
Q2 GDP 4.7% y/y [Est.+5.1%]
1H GDP 5.0% y/y [Est.+5.2%]
1️⃣June retail sales 2.0% y/y [Est.3.3%]
2️⃣June industrial growth 5.3% y/y [Est.5.0%]
3️⃣Jan-Jun fixed asset investment 3.9% y/y [Est.3.9%]
June Unemployment 5.0% [Prev. 5.0%]
#EconTwitter 🇨🇳
1/ Thread
Q2 GDP 4.7% y/y [Est.+5.1%]
1H GDP 5.0% y/y [Est.+5.2%]
1️⃣June retail sales 2.0% y/y [Est.3.3%]
2️⃣June industrial growth 5.3% y/y [Est.5.0%]
3️⃣Jan-Jun fixed asset investment 3.9% y/y [Est.3.9%]
June Unemployment 5.0% [Prev. 5.0%]
#EconTwitter 🇨🇳
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1⃣ #China's Jan-Jun industry output +5.3%y/y or +0.42%m/m.
2⃣ #Crudeoil refinery -3.7% to 58.3 million tons.
Power generation +2.3% to 0.77 TWh. #OOTT
3⃣ #Automobile production +1.8% to 2.61 mln units, NEVs +37% to 1.025 mln units.
4⃣ #Steel production +3.2% to 1.255 trillion tons.
Cement fell by 10.7% y/y to 1.64 tln tons.
#Construction
2⃣ #Crudeoil refinery -3.7% to 58.3 million tons.
Power generation +2.3% to 0.77 TWh. #OOTT
3⃣ #Automobile production +1.8% to 2.61 mln units, NEVs +37% to 1.025 mln units.
4⃣ #Steel production +3.2% to 1.255 trillion tons.
Cement fell by 10.7% y/y to 1.64 tln tons.
#Construction
🇨🇳In Jan-Jun, #China's total retail sales were recorded at 4.073 trillion yuan, up 3.0%y/y(narrowed).
🟦Retail sales of goods were 3.61 trillion yuan, which rose by 1.5%y/y; (narrowed)
🟨Total revenue for the catering industry was 4.61 billion yuan, which rose 5.4%. (expanded).
🟦Retail sales of goods were 3.61 trillion yuan, which rose by 1.5%y/y; (narrowed)
🟨Total revenue for the catering industry was 4.61 billion yuan, which rose 5.4%. (expanded).
1⃣ #China's Jan-Jun #realestate development investment fell by 10.1% y/y to 5.25 trillion yuan.
2⃣Residential housing sales areas tumbled 19% y/y 🟨to 479.16 million square meters, and the total sales plummeted by 25% y/y🟦 to 4.71trillion yuan.(narrowed)
3⃣Developing funds in place fell 22.6% y/y(narrowed) to 5.35 trillion yuan.
4️⃣Sentiment 92.11📈
4/n #property #housing
2⃣Residential housing sales areas tumbled 19% y/y 🟨to 479.16 million square meters, and the total sales plummeted by 25% y/y🟦 to 4.71trillion yuan.(narrowed)
3⃣Developing funds in place fell 22.6% y/y(narrowed) to 5.35 trillion yuan.
4️⃣Sentiment 92.11📈
4/n #property #housing
#China's Jan-Jun. nationwide fixed-asset investment increased by 3.9% y/y to 24.54 trillion yuan.
The investments in #mining rose 17% y/y, and the #manufacturing industry rose 9.5% y/y, power & water supply +24.2% y/y.
Infrastructure +5.4%y/y, hydraulic engineering +27.4%, air transport +23.7%, railway +18.5%.
5/n #econtwitter #investment 🇨🇳
The investments in #mining rose 17% y/y, and the #manufacturing industry rose 9.5% y/y, power & water supply +24.2% y/y.
Infrastructure +5.4%y/y, hydraulic engineering +27.4%, air transport +23.7%, railway +18.5%.
5/n #econtwitter #investment 🇨🇳
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