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Chinese Economic News: Macro Economic Pressures in 2022

China’s macro economy to face pressure in ’22

China’s macro economy will be subjected to significant pressures this year from shrinking domestic demand, uneven supply, and weakening consumer confidence, warns Xu Qiyuan, deputy director of the Institute of World Economics and Politics, an institute under the Chinese Academy of Social Sciences.

China’s Feb manufacturing PMI recovers to 50.2

China’s Purchasing Managers’ Index (PMI) for the manufacturing industry rebounded by 0.1 basis point on month to 50.2 in February, or having been in the expansion zone for the fourth month, reflecting the continuity in China’s economic expansion, according to the release by the country’s National Bureau of Statistics (NBS) on Mach 1.

China’s February steel PMI inches down to 47.3

China’s Purchasing Managers’ Index (PMI) for the domestic steel industry scored 47.3 in February, or having inched down by 0.2 basis point on month after two months of inclines, showing relatively softening demand and supply in the market, according to the latest release by CFLP Steel Logistics Professional Committee (CSLPC) on March 1, the authorized index compiler.

China aims at sustainable thermal coal supply

China’s central government has implemented a series of measures since around last September-October in stabilizing thermal coal supply and price and all these are not short-term efforts but for the country to gradually build up a sustainable coal supply system now that Beijing has acknowledged that coal will remain as a key energy product for the country in the foreseeable future.

Source from mysteel.net

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