China’s financial ‘exercise’ information for December 2023
Misses for retail gross sales and industrial output.
Funding got here in higher than (low) expectations:
- personal sector mounted asset funding was -0.4% y/y whereas funding in infrastructure propped numbers up with +5.9% y/y
Extra:
City Unemployment Price 5.1%
2023 property funding dropped 9.6% y/y
For the power merchants, additional affirmation of a bounce in demand from China, 2023 refinery output hit a document excessive, with gas deamdn cited.
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