2021-01-18 13:05:00
CHINA INDEXES UP
REUTERS - JANUARY 18, 2021 - China stocks ended higher on Monday, as investors cheered better-than-expected gross domestic product (GDP) data pointing to a strong recovery from the coronavirus crisis in the world’s second-largest economy.
The blue-chip CSI300 index rose 1.1% to close at 5,518.52, while the Shanghai Composite Index gained 0.8% to 3,596.22.
The tech-heavy start-up board ChiNext climbed 1.9%, while the STAR50 index firmed 2.3%.
China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic rages unabated.
The world’s second-largest economy has surprised many with the speed of its recovery from last year’s coronavirus jolt, especially as policymakers have also had to navigate tense U.S.-China relations on trade and other fronts.
Leading the gains, the CSI300 banks index and CSI300 materials index rose 2.3% and 2%, respectively.
There was muted reaction to news that the Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm.
Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.67%, while Japan’s Nikkei index closed down 0.97%.
At 07:19 GMT, the yuan was quoted at 6.4839 per U.S. dollar, 0.03% weaker than the previous close of 6.4817.
As of 07:20 GMT, China’s A-shares were trading at a premium of 35.99% over the Hong Kong-listed H-shares.
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Earlier:
2021, January, 13, 13:30:00
CHINA GDP WILL UP BY 7.9%
GDP growth is projected at 1.9 percent in 2020 and 7.9 percent in 2021,
2021, January, 8, 15:35:00
CHINA'S GAS DEMAND WILL UP
Chinese natural gas demand to reach 360 Bcm in 2021, up 8.4% from an estimated 332 Bcm in 2020. It was at 313 Bcm in 2019.
2021, January, 6, 13:35:00
CHINA OIL IMPORTS UP ANEW
Crude and bitumen blend import for China's independent refineries jumped 42.2% on the year to a record high of 188.11 million mt in 2020
2020, December, 29, 11:40:00
CHINA INDEXES DOWN
At the midday break, the Shanghai Composite index was down 0.33% at 3,386.14 points, while the blue-chip CSI300 index was down 0.26%.
2020, December, 28, 10:50:00
CHINA WILL OVERTAKE THE U.S.
China looked set for average economic growth of 5.7% a year from 2021-25 before slowing to 4.5% a year from 2026-30.
2020, December, 28, 10:45:00
CHINA STOCKS UP ANEW
The CSI300 index rose 0.7% to 5,078.60 by the end of the morning session, while the Shanghai Composite Index gained 0.3% to 3,406.69.
2020, November, 20, 13:35:00
CHINA'S OPENNESS, COOPERATION
“China will remain committed to openness and cooperation, and adhere to multilateralism and the principle of extensive consultation, joint contribution and shared benefits.”
