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China’s Economic News: China Jan-Oct FAI UP 5.8%

Chinese economic

China Jan-Oct FAI up 5.8%, property down 8.8% YoY

Over January-October, China’s fixed asset investment (FAI) grew 5.8% on year to Yuan 47.1 trillion ($6.7 trillion), among which that in the property market declined by 8.8% on year to Yuan 11.4 trillion, according to the latest release by China’s National Bureau of Statistics on November 15.

China’s Jan-Oct coal output up 10% YoY

Over January-October, China produced 3.69 billion tonnes of raw coal for all utilization, up 10% on year, among which the volume for October alone grew 1.2% on year to 370.1 million tonnes. 

China crude oil imports rise but exports plunge in Oct

China imported 43.14 million tonnes of crude oil in October, up 7.19% month on month. The import volume from January to October was 413.58 million tonnes, with year-on-year decline of 2.70%, according to General Customs Administration of People’s Republic of China (GAC).

China fuel oil imports to slump 30% in 2022

China’s fuel oil imports were expected to below 10 million tonnes in 2022, down 30% year on year, the biggest drop over the past five years, according to OilChem. 

Source from mysteel.net

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