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China’s Economic News: Foreign Trade Value and Fixed Asset Investment Both Up

China’s Economic News: Foreign Trade Value and Fixed Asset Investment Both Up

China’s Jan-May foreign trade value up 8%

Over January-May, China’s foreign trade value saw an 8.3% on-year rise to reach Yuan 16.04 trillion ($2.51 trillion). Within the total, exports value grew 11.4% on year to Yuan 8.94 trillion, and that of imports gained 4.7% on year to Yuan 7.1 trillion, according to the latest data released by China’s National Bureau of Statistics.

China Jan-May FAI up 6%, property down 4%

Over January-May, China’s fixed asset investment (FAI) grew 6.2% on year to Yuan 20.6 trillion ($3.1 trillion), among which that in the property market declined 4% on year to Yuan 5.2 trillion, according to the latest release by China’s National Bureau of Statistics on June 15.

Shanxi targets 1.3 billion tonnes of coal output for 2022

Shanxi province, the country’s top coal-mining hub in North China, targets to produce 1.3 billion tonnes of coal for all uses in 2022, up 107 million tonnes against last year, according to an official document recently unveiled by the provincial government.

China’s steel futures prices dip to new lows

Chinese prices of rebar and hot-rolled coil (HRC) on the Shanghai Futures Exchange (SHFE) eased further to touch their new lows on July 11.

Source from mysteel.net

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