Trading news

China's economic growth driven by consumption

China's economic growth, driven by consumption, is in a transition stage from the heavy industries, such as manufacturing, for the third quarter, amid the income growth weakening further.

China's disposable income to 17,735 yuan

The per capita disposable income appreciated, for January to September, on a year-on-year basis, 6.3%, to 17,735 yuan, and was lower compared to the 6.5% reading in the first half of the year.

According to one of the NBS official's statement, maintaining the growth on a per capita income is difficult. Attention must be given to the migrant workers, and to those who could lose their jobs due to excess capacity.

Furthermore, the momentum of future growth resumes weak as the income of the migrant workers climbed only 5.9%.

Today, the Chinese nation reported an expansion of 6.7% in Q3, with 70% of such rise arriving from consumption.

Moreover, the wholesale and retail sectors' growth escalated, for July to September, from 6.5% to 7.0%, and the property and the real estate sectors rose 8.8% respectively.

Read More

Thursday, 20 Oct, 2016 / 8:27

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-economic-growth-driven-by-consumption

Trading news

 

Gold Prices Confined To Friday’s Range

The precious metal is trading subdued with much of price action staying within [...]

Posted on Tuesday, 26 Jan, 2021 / 12:20 under

EU Hit With Vaccination Delays

Greenback Lifted as Fed Meeting Looms The US index ended a muted session at [...]

Posted on Tuesday, 26 Jan, 2021 / 12:19 under

US stimulus delays cool sentiment

  Delays in Biden’s relief timeline keep animal spirits in [...]

Posted on Tuesday, 26 Jan, 2021 / 10:21 under