Insight
China economic focus April 2023: a lacklustre recovery for industry
Report summary
The industry sector and related commodity demand had a weak Q1 despite solid GDP growth. A strong industrial production rebound could be delayed to H2. Consumers’ preference for service over goods could last till May. Producers prioritise destocking over ramping up production. Exports could remain a negative factor for the industrial sector and commodity markets in 2023. External demand moved back up the supply chain, limiting the growth of the high-value-add sectors.
Table of contents
- Highlights
- Commodity demand did not experience a strong rebound
- Consumers and companies reserve demand for goods
- The destocking cycle delays the recovery of production
- External demand moves back up the value chain
- Appendix
Tables and charts
This report includes 14 images and tables including:
- Total operated domestic flights
- Passive stocking of the manufacturing sector
- The pace of destocking varied across industries
- Export growth by region, Q1 2023
- Export growth by product, Q1 2023
- Manufacturing PMI
- IP and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
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