China Economy & China Markets Data analytics
MacroVar monitors real-time economic, financial and geopolitical developments for the China economy and China markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.
China Overview
China Overview presents the current trends and dynamics of the major China financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.
| Price | 1D% | M | T | B | Details | |||||||||
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| Shanghai Composite | 2962.68 | 0.79 | -0.02 | -7.11 |  |
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| China 2-year bond yield | 1.62 | -0.49 | -0.07 | -22.19 | |
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| China 10-Year Bond Yield | 2.28 | -0.04 | -0.01 | -15.33 | |
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| Chinese Yuan US Dollar (CNY/USD) | 7.29 | -0.07 | 0 | 1.39 | |
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| Manufacturing PMI (Official) | 49.8 | -4 | -4 | 1 | |
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| China Services PMI | 51.2 | -5 | -5 | -5 | |
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| Price | 1D% | M | T | B | Details | |||||||||
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| Shanghai Composite | 2962.68 | 0.79 | -0.02 | -7.11 | |
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| China ETF | 26.38 | -0.45 | -0.01 | -2.87 | |
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| China 2-year bond yield | 1.62 | -0.49 | -0.07 | -22.19 | |
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| China 10-Year Bond Yield | 2.28 | -0.04 | -0.01 | -15.33 | |
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| China Yield Curve | 0.68 | 2.4 | 0.23 | 15.79 | |
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| Chinese Yuan US Dollar (CNY/USD) | 7.29 | -0.07 | 0 | 1.39 | |
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| China Credit Default Swaps | 63.38 | 0 | 64 | 0 | |
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| Price | 1D% | M | T | B | Details | |||||||||
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| Composite PMI | 52.8 | -2 | -2 | 1 | |
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| Manufacturing PMI (Official) | 49.8 | -4 | -4 | 1 | |
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| China Services PMI | 51.2 | -5 | -5 | -5 | |
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| GDP Growth (annual) | 4.7 | -11 | -11 | -41 | |
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| Inflation CPI | 0.2 | -33 | -33 | -200 | |
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| Unemployment rate | 5 | 0 | 0 | -4 | |
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| Price | 1D% | M | T | B | Details | |||||||||
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| China Credit Default Swaps | 63.38 | 0 | 64 | 0 | |
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| Shanghai Composite | 2962.68 | 0.79 | -0.02 | -7.11 | |
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| China 2-year bond yield | 1.62 | -0.49 | -0.07 | -22.19 | |
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| China 10-Year Bond Yield | 2.28 | -0.04 | -0.01 | -15.33 | |
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| Chinese Yuan US Dollar (CNY/USD) | 7.29 | -0.07 | 0 | 1.39 | |
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| China Credit Default Swaps | 63.38 | 0 | 64 | 0 | |
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China Market News
| Time | Headlines | |
|---|---|---|
| 2024-11-18 04:54 | China’s President Xi: I am ready to work with the new Trump administration. | |
| 2024-11-18 04:54 | China’s President Xi: I am ready to work with the new Trump administration. | |
| 2024-11-18 04:54 | China’s President Xi: China is fully confident in meeting this year's economic growth target - Xinhua. | |
| 2024-11-18 04:54 | China's Xi tells South Korea's Yoon: The two countries should strengthen communication, push for the healthy development of the China-Korea strategic partnership. | |
| 2024-11-18 04:51 | UK's PM Starmer seeks a meeting with China’s President Xi at the G-20 summit in Rio De Janeiro. | |
| 2024-11-18 04:49 | US Energy Secretary Granholm: Cancelling EV tax credit would be counter-productive, it would cede territory to China. | |
| 2024-11-18 04:49 | Citi upgrades its China GDP growth forecast to 5% for this year. | |
| 2024-11-18 04:49 | Citi upgrades its China GDP growth forecast to 5% for this year. | |
| 2024-11-18 04:49 | Citi turns more upbeat on China's 2024 growth after policy push. | |
| 2024-10-22 16:44 | US Treasury Secretary Yellen: We will unveil strong new Russia-related sanctions as soon as next week targeting intermediaries aiding Moscow's Ukraine war machine. | |
China Economic Overview
China economic overview presents a snapshot of China current economic conditions. You can find details for the China economy subsections by exploring the sections below.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| Citigroup Economic Surprise Index | cn.cesi | 20.3 | 20.3 | 0 | 290 | UP | UP |
| Composite PMI | cn.comppmi | 51.2 | 52.8 | -3 | -1 | Down | Down |
| New Export Conference Board Orders | cn.leiexporders | 47.7 | 48.6 | -2 | -0 | Down | Down |
| Manufacturing PMI (Official) | cn.manpmi | 50.3 | 49.3 | 2 | 2 | Down | UP |
| China Services PMI | cn.servpmi | 52.0 | 50.3 | 3 | 3 | Down | UP |
China Manufacturing
MacroVar tracks hundreds of indicators related to China manufacturing. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of goods in the China economy.
| 1Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| Manufacturing PMI (Official) | cn.manpmi | 50.3 | 49.3 | 2 | 2 | Down | UP |
| industrial production | cn.indproduction | 5.3 | 5.4 | -2 | 15 | Down | UP |
China Services
MacroVar tracks hundreds of indicators related to China services. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of services in the China economy.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| China Services PMI | cn.servpmi | 52.0 | 50.3 | 3 | 3 | Down | UP |
China consumer sentiment
Consumer spending makes up 67% of the U.S. Economy. MacroVar monitors direct consumer reports like the University of Michigan Consumer Sentiment Index and indirect macroeconomic indicators related to China employment and China consumer activity (building permits).
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| consumer confidence | cn.consconfidence | 85.7 | 85.8s | -0 | -2 | Down | Down |
| unemployment rate | cn.unemploymentrate | 5.0 | 5.1s | -2 | 0 | Down | Down |
| retail sales | cn.retailsalesan | 4.8 | 3.2s | 50 | -37 | UP | Down |
| retail sales MoM | cn.retailsales | 0.39 | 0.02s | 1850 | 3 | UP | Down |
| car registrations | cn.carregistrations | 2755000.0 | 2525000s | 9 | 11 | UP | UP |
China Construction
The China construction sector is a significant component of the China economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
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China Macroeconomic outlook
China Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the China economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore China macroeconomic model in detail.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| gdp | cn.gdp | 17794.78 | 17963.2 | -1 | 136 | UP | UP |
| Real GDP | cn.realgdp | 900619.4 | 583168 | 54 | 14 | UP | UP |
| gdp growth annual | cn.gdpgrowthan | 4.6 | 4.7 | -2 | -6 | UP | Down |
| gdp growth | cn.gdpgrowth | 0.9 | 0.7 | 29 | 29 | Down | UP |
| inflation cpi | cn.inflationcpi | 0.3 | 0.4 | -25 | -160 | UP | UP |
| interest rate | cn.interestrate | 3.1 | 3.1 | 0 | -10 | Down | Down |
| unemployment rate | cn.unemploymentrate | 5.0 | 5.1 | -2 | 0 | Down | Down |
| external debt | cn.externaldebt | 24475.0 | 24527.6 | -0 | 252 | UP | UP |
| government debt to gdp | cn.govdebtgdp | 83.4 | 77.4 | 8 | 143 | UP | UP |
| current account | cn.currentaccount | 1469.0 | 545 | 170 | 78 | UP | UP |
| current account to gdp | cn.currentaccountgdp | 1.5 | 2.2 | -32 | -21 | Down | Down |
| exports | cn.exports | 309.06 | 303.71 | 2 | 13 | UP | UP |
| imports | cn.imports | 213.34 | 222 | -4 | -2 | Down | Down |
| foreign exchange reserves | cn.fxreserves | 3261000.0 | 3316000 | -2 | 5 | UP | UP |
| gold reserves | cn.goldres | 2264.32 | 2262.45 | 0 | 16 | UP | UP |
| government revenues | cn.govrev | 1258.3 | 12113 | -90 | -90 | Down | Down |
| fiscal expenditure | cn.fiscalexp | 2788.1 | 18435 | -85 | -86 | Down | Down |
China Inflation
MacroVar monitors major inflation indexes and subcompoonents based on Bureau of Labour Statistics monthly report.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend |
|---|---|---|---|---|---|---|
| inflation cpi | cn.inflationcpi | 0.3 | 0.4 | -25 | -160 |  |
| core inflation rate | cn.coreinflationrate | 0.2 | 0.1 | 100 | -67 |  |
| Produce Prices YoY | cn.producerpricesch | -2.9 | -2.8 | 4 | 12 |  |
China Employment
MacroVar monitors leading indicators (ISM/NMI employment activity), coincident (Initial & Continuing jobless claims) and lagging indicators of China employment. China employment is one of the major factors affecting China monetary policy.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| unemployment rate | cn.unemploymentrate | 5.0 | 5.1 | -2 | 0 | Down | Down |
China Monetary Policy
China Monetary policy is monitored by tracking the most important indicators related to the Fed's balance sheet and interest rates.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| interest rate | cn.interestrate | 3.1 | 3.1 | 0 | -10 | Down | Down |
| central bank balance sheet | cn.cb.assets | 447357.48 | 455051 | -2 | 3 | UP | UP |
| banks balance sheet | cn.banks.bs | 500.0 | 1590 | -69 | -32 | Down | Down |
| money supply m1 | cn.msm1 | 633357.47 | 62823.6 | 908 | 839 | UP | UP |
| money supply m2 | cn.msm2 | 309479.82 | 305046 | 1 | 7 | UP | UP |
| government debt to gdp | cn.govdebtgdp | 83.4 | 77.4 | 8 | 143 | UP | UP |
| loan growth | cn.loangrowth | 7.8 | 8.1 | -4 | -28 | Down | Down |
| loans to private sector | cn.loanprivate | 14000.0 | 37600 | -63 | -24 | Down | Down |
| China Credit Rating (S&P) | RATING.S&P.CH | ||||||
| China Credit Rating (Moody's) | RATING.MOODYS.CH | ||||||
| China Credit Rating (Fitch) | RATING.FITCH.CN |
China Fiscal Policy
China Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| government revenues | cn.govrev | 1258.3 | 12113 | -90 | -90 | Down | Down |
| fiscal expenditure | cn.fiscalexp | 2788.1 | 18435 | -85 | -86 | Down | Down |
| government budget | cn.govbudget | -5.8 | -7.4 | -22 | 427 | Down | Down |
| Government budget | cn.govbudgetvalue | -705.3 | -808.6 | -13 | -94 | UP | UP |
| government debt to gdp | cn.govdebtgdp | 83.4 | 77.4 | 8 | 143 | UP | UP |
China Trade
China trade activity is monitored by tracking Trade and Capital flows.
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope |
|---|---|---|---|---|---|---|---|
| current account | cn.currentaccount | 1469.0 | 545 | 170 | 78 | UP | UP |
| current account to gdp | cn.currentaccountgdp | 1.5 | 2.2 | -32 | -21 | Down | Down |
| balance of trade | cn.balanceoftrade | 95.27 | 81.71 | 17 | 11 | UP | UP |
| imports | cn.imports | 213.34 | 222 | -4 | -2 | Down | Down |
| exports | cn.exports | 309.06 | 303.71 | 2 | 13 | UP | UP |
| capital flows | cn.capitalflows | -483.73 | -744.285 | -35 | 209 | UP | Down |
| foreign direct investment | cn.fdi | 962.9 | 901 | 7 | -23 | UP | Down |
| external debt | cn.externaldebt | 24475.0 | 24527.6 | -0 | 252 | UP | UP |
| foreign exchange reserves | cn.fxreserves | 3261000.0 | 3316000 | -2 | 5 | UP | UP |
| gold reserves | cn.goldres | 2264.32 | 2262.45 | 0 | 16 | UP | UP |