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China’s Economic News: GDP and Fixed Asset Investment Both Up

CHINA’S GDP UP 2.5% YOY FOR H1

For the first half of this year, China’s gross domestic product (GDP) grew 2.5% on year to a total of Yuan 56.3 trillion ($8.4 trillion), according to the latest release by the country’s National Bureau of Statistics (NBS).

CHINA H1 FAI UP 6%, PROPERTY DOWN 5%

Over January-June, China’s fixed asset investment (FAI) grew 6.1% on year to Yuan 27.1 trillion ($4 trillion), among which that in the property market declined by 5.4% on year to Yuan 6.8 trillion, according to the latest release by China’s National Bureau of Statistics.

China’s Jan-Jul steel, raw materials foreign trade statistics

China’s exports of finished steel products reached 40.07 million tonnes over January-July 2022, down 6.9% on year, and the country’s imports of iron ore reached 626.8 million tonnes, down 3.4% on year, according to the latest numbers from the General Administration of Customs released on August 7.

CHINA H1 COAL OUTPUT UP 11%, COKE UP 0.5%

China’s raw coal output grew by 11% on year to 2.19 billion tonnes over January-June, among which the volume for June grew 15.3% on year to 379.3 million tonnes. As for coke, the country’s output for H1 approximated 239.5 million tonnes, or up 0.5% on year.

Source from mysteel.net

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