Tag Archives: consumption

China key to slow growth in energy use, carbon emission

China played a critical role in the slower growth of global energy demand and consumption as well as the nearly flat growth of carbon emissions in 2016, according to the latest BP world energy report.

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PMI growth slows; signs promising

China’s manufacturing growth slowed in April as the government tightened supervision of financial risks, but still maintains momentum, according to analysts.

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‘Resilient’ growth tops Q1 forecasts

China’s economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.

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Overcapacity cuts called crucial job

China will further reduce excessive steel and coal production capacity and extend capacity cutting efforts to energy sectors this year, a senior official with the nation’s top economic planning body said on Monday.

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Inflation up, but not a worry

China’s consumer prices beat market expectations in January to hit a three-year high thanks to pickup in consumption and travel activities during the Spring Festival season, but analysts said inflation may ease in February and not become a major concern this year.

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Consumer spending will reach $6.4 trillion by 2025

Despite a slowing economy, consumer spending in China will hit $6.4 trillion by 2025, up from $3.7 trillion in 2014, and total consumer spending in the decade between 2015 and 2025 will be $56 trillion, according to a report.

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