Latest news with #statisticsbureau
CNA
3 days ago
- Business
- CNA
New home prices in China rise on policy hope, private survey says
BEIJING: The average price of new homes across 100 cities in China climbed 0.30 per cent in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy on Sunday (Jun 1). The increase was almost double the last month's rate of increase at 0.14 per cent. New home prices have been under pressure even as Chinese policymakers plough in efforts since last year to stabilise the sector with supportive measures, including most recently lowering lending rates to spur real estate purchases. "Overall, the current macro policy support for the property market has been increasing," the real estate research institute said in a report posted on its WeChat account. New home prices in first- and second-tier cities were surveyed rising from a month ago, with Shanghai topping the list of 100 cities. On a year-on-year basis, the average prices for new homes rose faster at 2.56 per cent, versus 2.50 per cent in April. China's statistics bureau will release the official data for home prices on Jun 16. The market continued to see a persistently high volume of listings for second-hand residential units, keeping prices lower in that segment, it said. Prices of second-hand properties fell 0.71 per cent from a month ago, and 7.24 per cent year-on-year. That compared with April's declines of 0.69 per cent and 7.23 per cent, respectively. The property market, accounting for roughly a quarter of economic activity at its peak, is where some 70 per cent of China's household wealth is invested.
Malay Mail
3 days ago
- Business
- Malay Mail
New home prices climb across China's big cities, boosted by stimulus, survey shows
BEIJING, June 1 — The average price of new homes across 100 cities in China climbed 0.30 per cent in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy today. The increase was almost double the last month's rate of increase at 0.14 per cent. New home prices have been under pressure even as Chinese policymakers plough in efforts since last year to stabilise the sector with supportive measures, including most recently lowering lending rates to spur real estate purchases. 'Overall, the current macro policy support for the property market has been increasing,' the real estate research institute said in a report posted on its WeChat account. New home prices in first- and second-tier cities were surveyed rising from a month ago, with Shanghai topping the list of 100 cities. On a year-on-year basis, the average prices for new homes rose faster at 2.56 per cent, versus 2.50 per cent in April. China's statistics bureau will release the official data for home prices on June 16. The market continued to see a persistently high volume of listings for second-hand residential units, keeping prices lower in that segment, it said. Prices of second-hand properties fell 0.71 per cent from a month ago, and 7.24 per cent year-on-year. That compared with April's declines of 0.69 per cent and 7.23 per cent, respectively. The property market, accounting for roughly a quarter of economic activity at its peak, is where some 70 per cent of China's household wealth is invested. Any signs of relief could help cushion China's economy from the stresses of a yet-unresolved trade war with the United States. — Reuters
Bloomberg
28-05-2025
- Business
- Bloomberg
Taiwan Trims 2025 Growth Forecast as Tariff Concern Lingers
Taiwan lowered its economic growth outlook for this year, reflecting concern about the impact of potential US tariffs on the archipelago's export-driven economy. Gross domestic product is expected to expand 3.10% in 2025, the statistics bureau in Taipei said in a statement on Wednesday, down from a previous estimate of 3.14%.
Yahoo
19-05-2025
- Business
- Yahoo
China's Fossil Fuels Production Retreats From Record Levels
(Bloomberg) -- Chinese fossil fuels output fell in April from the record levels hit in the prior month, although natural gas, crude oil and coal all delivered increases compared to the previous year as the government continues to prioritize security of supply despite weaker prices. How a Highway Became San Francisco's Newest Park America, 'Nation of Porches' Power-Hungry Data Centers Are Warming Homes in the Nordics Maryland's Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYC Gas output rose 8.1% year-on-year to 21.5 billion cubic meters, while crude oil increased 1.5% to 17.7 million tons, the statistics bureau said on Monday. Coal production rose 3.8% to 389 million tons, although that was 51 million tons less than March, offering a hint of relief for miners suffering from a slump in prices to four-year lows. Elsewhere in the energy sector, crude oil processing fell 1.4% as refining units were closed for seasonal maintenance. Maintenance also affected crude steel output, which flattened in April. Outright cuts to production are likely in the coming months as mills follow through on the government's pledge to ease China's glut. But aluminum output rose 4.2% — and hit a record on a daily basis — as smelters took advantage of falling feedstock costs. On the Wire China's industrial output expanded faster than expected in April, highlighting the resilience of the world's second-largest economy and feeding optimism about growth following a quick de-escalation of trade tensions with the US. China's home prices fell at a faster pace in April, signaling the property market slump remains a headache for policymakers as they fend off a tariff war with the US. A reclusive Chinese billionaire whose prescient gold trades turned into an eye-catching windfall has now become the country's biggest copper bull, amassing a bet worth nearly $1 billion in a market jolted by escalating competition between the US and China. A Pentagon blacklisting, US congressional scrutiny and a global trade war haven't been enough to stop the world's largest maker of electric-car batteries from completing the globe's biggest share sale so far this year. This Week's Diary (All times Beijing) Monday, May 19: China's home prices for April, 09:30 China industrial output for April, including steel & aluminum; coal, gas & power generation; and crude oil & refining, 10:00 Retail sales, fixed assets investment, property investment, residential sales, jobless rate World Gas Conference in Beijing, day 1 EARNINGS: CLP Tuesday, May 20: China sets monthly loan prime rates, 09:00 China's 3rd batch of April trade data, including country breakdowns for energy and commodities World Gas Conference in Beijing, day 2 Wednesday, May 21: LME Asia Metals Seminar in Hong Kong China tin conference hosted by Antaike in Anhui, Hefei, day 1 World Gas Conference in Beijing, day 3 China's April output data for base metals and oil products CCTD's weekly online briefing on Chinese coal, 15:00 CSIA's weekly polysilicon price assessment Thursday, May 22: Shanghai Futures Exchange Derivatives Forum, day 1 China tin conference hosted by Antaike in Anhui, Hefei, day 2 World Gas Conference in Beijing, day 4 CSIA's weekly solar wafer price assessment Friday, May 23: Shanghai Futures Exchange Derivatives Forum, day 2 World Gas Conference in Beijing, day 5 China's weekly iron ore port stockpiles Shanghai exchange weekly commodities inventory, ~15:30 --With assistance from Winnie Zhu, Kathy Chen, Katharine Gemmell and Sarah Chen. Why Apple Still Hasn't Cracked AI Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race As Nuclear Power Makes a Comeback, South Korea Emerges a Winner ©2025 Bloomberg L.P.
Bloomberg
19-05-2025
- Business
- Bloomberg
China's Fossil Fuels Production Retreats From Record Levels
Chinese fossil fuels output fell in April from the record levels hit in the prior month, although natural gas, crude oil and coal all delivered increases compared to the previous year as the government continues to prioritize security of supply despite weaker prices. Gas output rose 8.1% year-on-year to 21.5 billion cubic meters, while crude oil increased 1.5% to 17.7 million tons, the statistics bureau said on Monday. Coal production rose 3.8% to 389 million tons, although that was 51 million tons less than March, offering a hint of relief for miners suffering from a slump in prices to four-year lows.
