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China’s Economic News: Jan-nov Fai Up, Property Down


China’s Jan-Nov FAI up 5.3%, property down 9.8% YoY

China’s fixed asset investment (FAI) increased by 5.3% on year to Yuan 52 trillion ($7.5 trillion) over January-November, according to the latest release by the country’s National Bureau of Statistics (NBS) on Thursday morning. Within the total, that in the domestic property market declined by 9.8% on year to Yuan 12.4 trillion.

China’s Jan-Nov foreign trade value rises 8.6% YoY

Over January-November, China’s foreign trade value increased by 8.6% on year to Yuan 38.34 trillion ($5.78 trillion), among which exports value gained 11.9% on year to Yuan 21.84 trillion, and imports grew 4.6% on year to Yuan 16.5 trillion, according to the latest data released by the country’s General Administration of Customs (GACC) on Dec.7th.

China’s manufacturing PMI slides to 48 in Nov

China’s Purchasing Managers’ Index (PMI) for the manufacturing industry inched down to 48 in November after the second on-month fall by another 1.2 percentage points, or having stayed in the contraction zone for the second month, according to the latest release by China’s National Bureau of Statistics (NBS) on November 30.

The necessity of applying sodium-ion batteries in mini electric vehicles

China’s power battery output averaged 42.58 gigawatt-hours per month in 2022, more than six times larger than the monthly average of 6.94 GWh in 2019, with a compound annual growth rate of 83.07%. Along with the increase in power battery output, Chinese prices of battery-grade lithium carbonate have also risen rapidly, surging over 10-fold in the past two years.

Source from mysteel.net

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