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China to Roll Out More Stimulus, Confident in Meeting 2025 Growth Target- Official
China Industrial Profit Rises in March -- WSJ
Pan Gongsheng: A moderately accommodative MMF policy will be implemented to promote the high-quality development of China’s economy.
The President of the People's Bank of China, Pan Gongsheng, emphasized that economic fragmentation and ongoing trade tensions continue to disrupt the Industry Chain and supply chains. Major economies should strengthen their participation in the coordination of international macroeconomic and financial policies to maintain Global economic and financial stability.
The central bank's press conference today highlighted key points: improving the efficiency of KUAJINGZIJIN flow and reducing the costs of cross-border trade. Here's the interpretation!
① Multiple departments recently jointly issued the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center"; ② The central bank held a press conference today, and relevant officials stated that they will continue to optimize the policy toolbox for cross-border financial services, effectively supporting enterprises in going global; ③ Several market participants told reporters that the plan emphasizes the cross-border use of the RMB, providing policy guidance for international trade and investment financing.
China Urges Yuan First in Global Expansion Drive
Will it rise or not?
Caitong believes that whether or not the LPR is lowered, it may not necessarily drive interest rates to immediately break their previous lows. After all, the market has to navigate the trade-offs between the Sino-U.S. trade friction, the strength of a package of incremental policies, and the choice of monetary policy, with the combination of the three being dynamic and full of uncertainty.
China Set to Leave Lending Rates Steady, but Tariffs Raise Easing Bets
Liu Yuanchun: The breakthrough of China's economy and the 'resilience code' of the Capital Markets under the China-US tariff war.
"An An Interview Series" is a deep interview program produced by Xu Anan, the Executive President of the Interface Financial Alliance. It dialogues with 1,000 industry leaders from an investment perspective, covering areas such as media innovation, VC/PE, information services, CNI Xiangmi Lake Fintech Index, Trade systems, and strategy emerging fields.
China March Retail, Industrial Sectors Post Solid Growth
Chinese Industrial Capacity Utilization Expands to 74% in Q1
[Illustration of China's economic first quarterly report] GDP grew by 5.4% year-on-year, ranking among the top in major Global economies.
① In the first quarter of this year, China's GDP grew by 5.4% year-on-year, with a quarter-on-quarter increase of 1.2% compared to the fourth quarter of last year; ② In the first quarter, the value added of industries above designated size increased by 6.5% year-on-year, and in March, it achieved a real year-on-year growth of 7.7%.
The National Bureau of Statistics: In the first quarter, the per capita disposable income of residents nationwide was 12,179 yuan, a real growth of 5.6%.
1. In the first quarter, the per capita disposable income of national residents was 12,179 yuan, a nominal growth of 5.5% compared to the same period last year; after deducting price factors, the actual growth was 5.6%. 2. The per capita disposable income of urban residents was 15,887 yuan, growing by 4.9%, and after deducting price factors, the actual growth was 5.0%. 3. The per capita disposable income of rural residents was 7,003 yuan, growing by 6.2%, and after deducting price factors, the actual growth was 6.5%.
National Bureau of Statistics: In March 2025, the value added of large-scale industries increased by 7.7%.
On April 16, the National Bureau of Statistics announced that in March, the added value of large-scale industry increased by 7.7% year-on-year in real terms (the growth rate of added value is the actual growth rate after excluding price factors).
Statistics Bureau: In March, the total retail sales of consumer goods reached 4094 billion yuan, with a year-on-year growth of 5.9%.
The National Bureau of Statistics announced today that in March, the total retail sales of consumer goods amounted to 4,094 billion yuan, a year-on-year increase of 5.9%. From January to March, the total retail sales of consumer goods reached 12,467.1 billion yuan, with a year-on-year growth of 4.6%. Among these, the retail sales of consumer goods excluding Autos were 11,343.4 billion yuan, growing by 5.1%.
Chinese State-Run Media Says Time Appropriate for Monetary Easing -- Market Talk
National Statistics Bureau: In March 2025, the consumer prices will decrease by 0.1% year-on-year.
In March 2025, the national Consumer price decreased by 0.1% year-on-year.
National Bureau of Statistics: In March, the CPI decreased by 0.1% year-on-year, and the PPI decreased by 2.5% year-on-year.
① In March, the national Consumer price decreased by 0.1% year-on-year; ② In March, the national industrial producer ex-factory price decreased by 2.5% year-on-year and decreased by 0.4% month-on-month;
Cailian Press C50 Wind Index Survey: The market expects that liquidity easing has arrived in April, and the central rate of funding is expected to decline.
① With the seasonal disturbance dissipating at the beginning of next month, the liquidity in the market is expected to ease. ② In the second quarter of this year, funding prices are expected to gradually return to the level of the fourth quarter of 2024. ③ Investors' expectations for 'loose MMF' have clearly intensified, and the central bank's potential to reduce the reserve requirement ratio and interest rates may come into a window period.
China's Central Bank Vows Support for Key State Fund to Stabilize Stock Markets
PBOC Vows Funding Support to Sovereign Fund to Stabilise Market