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2019-01-21 11:40:00

CHINA'S GDP GROWTH 6.6%

CHINA'S GDP GROWTH 6.6%

PLATTSChina's National Bureau of Statistics on Monday said the country's gross domestic product grew 6.6% year on year in 2018, the slowest pace of growth seen since 1990.

NBS also revised down China's GDP growth to 6.8% for 2017 from the figure of 6.9% it released a year ago. The world's second biggest economy grew at 6.7% in 2016, data from NBS showed.

The 2018 GDP growth was within expectations amid a year-on-year slowdown in third quarter growth to 6.5% and in Q4 to 6.4%, analysts said.

"The China-US economic and trade friction did have an impact on China's economic operations. The impact is generally manageable," NBS director Ning Jizhe said at a press conference on Monday.

While the trade tensions emerged in Q2, the biggest impact was seen in Q4, he said.

"We must note that China's economic growth is generally driven by domestic demand," he said. "The room for China's domestic market development is very broad. The economic and trade friction will not change the fundamentals of China's economic development."

Ning said China's steady economic growth trend would not change over the longer term.

The country's GDP growth is expected to slow to around 6.2% in 2019, according to the Economics & Development Research Institute, the think tank of state-run Sinopec, the world's largest refiner by capacity.

This is in line with the World Bank's projections in a report called 'Darkening Skies'.

EDRI attributed the slowdown to trade tensions with Washington, uncertainties in international capital flows, weakening domestic investment, tighter credit controls, property market curbs and tighter infrastructure financing.

Beijing is expected to push for more stimulus and tax cuts to boost the economy in 2019, China's 70th anniversary.

 

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Earlier: 

 S-E.Asia
2019, January, 16, 10:55:00

CHINA'S GAS DEMAND WILL UP 11%

REUTERS - China's natural gas demand will reach 308 billion cubic meters (bcm), CNPC said. That marks an 11.4-percent climb from 2018, although the pace of growth would be down from 16.6 percent recorded previously.

 

 S-E.Asia
2019, January, 14, 12:05:00

CHINA'S OIL IMPORTS UP 10%

PLATTS - China's crude oil imports surged 29.9% year on year to 10.35 million b/d in December, bringing total imports to 9.28 million b/d in 2018, up 10.1% year on year, preliminary data from the General Administration of Customs showed Monday.

 

 S-E.Asia
2018, December, 24, 11:50:00

CHINA'S LNG IMPORTS UP BY 48.5%

REUTERS - China's LNG imports totaled 5.99 million tonnes in November, up 48.5 percent from the same month last year, data from the General Administration of Customs showed.

 

 

 S-E.Asia
2018, December, 3, 12:30:00

ЭНЕРГЕТИКА РОССИИ И КИТАЯ

МИНЭНЕРГО РОССИИ - Благодаря усилиям лидеров России и Китая сотрудничество двух стран в сфере энергетики вышло на беспрецедентно высокий уровень и продолжает динамично развиваться по всем направлениям, отметил по итогам встречи Александр Новак.

 

 S-E.Asia
2018, November, 9, 15:40:00

ЭНЕРГИЯ РОССИИ И КИТАЯ

МИНЭНЕРГО РОССИИ - «Показатели поставок энергоресурсов традиционно демонстрируют положительную динамику. Только за 10 месяцев 2018 года поставки нефти в КНР, по сравнению с аналогичным периодом прошлого года, выросли на 33,7%, составив 33,36 млн тонн. При этом, угольный экспорт в Китай за 8 месяцев вырос на 15,4% до 18,12 млн тонн угля, продемонстрировали положительную динамику и поставки электроэнергии, за 9 месяцев увеличившись до 2,45 млрд кВт ч, что на 4,33% больше аналогичного показателя прошлого года. В этом году, по нашим ожиданиям, общий объем поставок электроэнергии в Китай достигнет 3,3 млрд. кВт ч.», - сообщил Министр.

 

 S-E.Asia
2018, September, 12, 12:10:00

ЭНЕРГИЯ РОССИИ ДЛЯ КИТАЯ

МИНЭНЕРГО РОССИИ - «За 8 месяцев 2018 г. на 30,4% выросли поставки нефти в КНР и составили 26,12 млн тонн. Экспорт угля в первом полугодии увеличился на 8,6%, поставлено 12,89 млн тонн угля. Также в первом полугодии 2018 г. китайские потребители получили из России 1,38 млрд кВт ч. электроэнергии, что на 12,4% больше аналогичного показателя прошлого года», - сказал Министр.

 

 

 S-E.Asia
2018, July, 27, 12:40:00

CHINA'S GDP UP TO 6.9%

IMF - The Chinese economy continues to perform strongly. GDP growth accelerated to 6.9 percent in 2017, driven by a cyclical rebound in global trade. Growth is projected to weaken slightly to 6.6 percent in 2018 owing to the lagged effect of financial regulatory tightening and the softening of external demand. Headline inflation has remained contained at around 2 percent and is expected to rise gradually to 2½ percent.

 

 

Tags: CHINA, GDP, ECONOMY
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U.S. SHALE NEED INVESTMENT

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