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Yahoo
3 days ago
- Business
- Yahoo
China's industrial profits fall 1.8% in first half
BEIJING (Reuters) -Profits at China's industrial firms dropped 1.8% in the first half of 2025 from the corresponding period last year, official data showed on Sunday. The slide followed a decline of 1.1% in the period from January to May, according to National Bureau of Statistics (NBS) data. Industrial profit numbers cover firms with annual revenue of at least 20 million yuan ($2.79 million) from their main operations. ($1=7.1561 Chinese yuan renminbi) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Business
- Reuters
China's industrial profits fall 1.8% in first half
BEIJING, July 27 (Reuters) - Profits at China's industrial firms dropped 1.8% in the first half of 2025 from the corresponding period last year, official data showed on Sunday. The slide followed a decline of 1.1% in the period from January to May, according to National Bureau of Statistics (NBS) data. Industrial profit numbers cover firms with annual revenue of at least 20 million yuan ($2.79 million) from their main operations. ($1=7.1561 Chinese yuan renminbi)
The Independent
4 days ago
- Business
- The Independent
China's economy grows 5.3% amid headwinds
The Chinese economy grew 5.3 per cent year-on-year in the first half of 2025, defying global headwinds and providing a solid basis for the full-year growth target of around 5 per cent to be reached. Analysts said they expect the momentum to continue in the second half of the year, given the government's ample policy room and tools, steady recovery in domestic demand and the resilience in exports. China's top leadership may sharpen its focus on maintaining economic stability and restoring market confidence, with strong fiscal stimulus and further monetary easing to stimulate domestic demand and cushion against external headwinds, they said. China's GDP rose 5.2 per cent year-on-year in the second quarter of this year, compared with a rise of 5.4 per cent in the first quarter, the National Bureau of Statistics said. Foreign trade grew 2.9 per cent year-on-year to 21.79 trillion yuan (£2.27 trillion) in the first half of the year, the General Administration of Customs said. 'The Chinese economy posted a solid first half, supported by resilient exports,' said Louise Loo, lead economist at British think tank Oxford Economics. 'Sequential GDP growth moderated in the second quarter, but still allowed first-half growth to reach 5.3 per cent — comfortably above the official 5 per cent full-year target.' China's value-added industrial output grew 6.8 per cent year-on-year in June, after a 5.8 per cent rise in May, and retail sales — a key measurement of consumer spending — rose 4.8 per cent year-on-year in June, compared with a rise of 6.4 per cent in May. Fiscal policy is likely to take the lead in supporting growth because robust government bond issuance in June suggests stimulus is being ramped up, Loo said. 'We anticipate this will include renewed funding for the trade-in programme, given its more immediate impact on demand,' she said. Final consumption accounted for 52 per cent of China's economic growth in the first half of the year, the statistics bureau said. In the second quarter final consumption contributed 52.3 per cent to economic growth, a little more than in the first quarter. 'These figures indicate that domestic demand, particularly consumption, remains the primary driver of GDP growth,' said Sheng Laiyun, deputy head of the bureau. Retail sales rose 5 per cent year-on-year in the first half of 2025, compared with 4.6 per cent in the first quarter, the bureau said. 'The upward momentum seen in consumption in the first half is likely to carry into the second half,' Sheng said, noting that new rounds of consumption-boosting stimulus measures, including subsidies, are already being rolled out. 'Authorities are accelerating the rollout of policies for the second half of the year. China's policy toolbox remains ample, and it is strengthening policy reserves, with new measures to be introduced as needed in response to market changes.' Given China's robust first-half performance, Ming Ming, chief economist at CITIC Securities, said the second-half policy efforts are likely to focus on innovating policy tools. 'Efforts will likely target key areas in the economy, including supporting property destocking, further developing the service sector and boosting consumption.' Wang Qing, chief macroeconomic analyst at Golden Credit Rating International in Beijing, said that China is likely to step up 'unconventional' countercyclical adjustments in the second half to cushion external pressures.
Yahoo
16-07-2025
- Business
- Yahoo
Hogs Rally Back on Wednesday
Lean hog futures posted gains of 50 cents to $1.30 on the Wednesday session. USDA's national base hog price had a weighted average of $112.60 on Wednesday afternoon, up $3.02 from the day prior. The CME Lean Hog Index was down 6 cents at $107.19 on July 14. USDA's FOB plant pork cutout value for Wednesday afternoon was 17 cents higher at $114.02. Pork belly quotes were another $2.73 per cwt higher, with firmer ham prices also supporting the cutout. Wednesday's estimated hog slaughter was 477,000 head according to the USDA, taking the weekly total to 1.408 million head. That was 10,000 head below last week and 26,663 head lower than the same week last year. More News from Barchart Coffee Prices Fall Back After Monday's Surge Coffee Prices Fall Back After Monday's Surge Cocoa Prices Fall on Weak Malaysian Demand Report Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! China's NBS (National Bureau of Statistics) is reporting that2Q25 pork production in that country was up 1.4% year/year, attributing it mostly to higher slaughter weights. A different ministry had reported that sow numbers at the end of May were up 1.2% for the year. Aug 25 Hogs closed at $104.425, up $0.500, Oct 25 Hogs closed at $88.700, up $1.225 Dec 25 Hogs closed at $80.450, up $1.275, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
15-07-2025
- Business
- South China Morning Post
China GDP figures beat market forecasts despite looming US tariff risks
For more on this story: China's economy expanded by 5.2 per cent in the second quarter, keeping it broadly on track to meet this year's growth target. But analysts cautioned that weak domestic demand and rising external uncertainties could provoke a slowdown in the second half of 2025. The closely watched gross domestic product (GDP) figures, released by China's National Bureau of Statistics on July 15, 2025, came in above the 5.17 per cent forecast by a poll of economists from the Chinese financial data provider Wind. The robust headline figures suggest that China's economy has remained resilient in the face of an ongoing trade war with the United States, even as Chinese goods still face an effective US tariff rate of more than 40 per cent, according to Morgan Stanley estimates
