The deputy head of China’s National Bureau of Statistics (NBS) said during Thursday’s Asian trading session that the economy has started 2026 promisingly despite a challenging external environment that is struggling to win. These comments came after the release of gross domestic product (GDP) data for the first quarter, which showed that the economy was growing at a faster-than-expected pace of 5% year-on-year (y/y).
Comments
The impact of global oil price volatility on China’s economy is relatively miniature.
The recovery in producer prices in China will have a positive impact on corporate profits.
The improvement in agricultural product prices is influenced by both changes in domestic supply and demand, as well as higher oil prices on global markets.
The Middle East conflict will have some impact on Chinese exports.
China has been able to maintain relatively rapid economic growth despite the conflict in the Middle East.
The Chinese economy is facing some difficulties and challenges due to the increasing uncertainty in the world
Domestic demand contributed to 84.7% of GDP growth in the first quarter.
Economic indicator
Gross Domestic Product (y/y)
Gross Domestic Product (GDP), published by National Bureau of Statistics of China on a monthly basis, it is a measure of the total value of all goods and services produced in China during a given period. GDP is considered the main measure of China’s economic activity. The y/y reading compares economic activity in the reference quarter with the same quarter a year earlier. Overall, an enhance in this indicator is bullish for the renminbi (CNY), while a low reading is viewed as bearish.
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