Covid Dashboard
China Economy
Updated Monthly
Tracking China's Economy
For the first time since 1776, China's GDP contracted by 6.8% YoY in Q1 2020. As the number of active COVID cases has declined, the worst seems to be over for China. And while other countries continue to deal with the crises, China is charting out its recovery. We are seeing recovery across manufacturing sentiment, passenger traffic, freight movement, and real estate transactions. But, the numbers are still quite away from last year's levels.
China’s New Export Order Index fell again to 33.5 in April after recovering to 46.4 in March
Manufacturing
Manufacturing makes up more than 25% of China's GDP and employs millions of people. A slowdown in such a huge industry can create a cascading impact on the Chinese economy. The 4 indices below indicate the health of the manufacturing sector. Index value of more than 50 indicates an expansion of the manufacturing in comparison with the previous month while a reading below 50 suggests a contraction.
Purchasing Managers' Index
Purchasing Managers' Index (PMI) is an indicator of business activity in manufacturing and services sectors
China Production Index
Production Index measures the real production output of manufacturing, mining, and utility companies
New Export Orders Index
New Export Orders index indicates the level of orders that are to be delivered to other countries
Import Index
Import index represents the level of goods imported to China
Passenger & Freight Traffic
Passenger and freight traffic shows the volume of movement of goods and people and acts as indicators of how the economy is opening-up
Passenger Traffic YoY Change
385 million people traveled via Airways, Waterways, Railways, and Highways in March 2020, down by 73% YoY
Freight Traffic YoY Change
3.3 billion tons of Freight was carried through Airways, Waterways, Railways, and Highways in March 2020, down by 23% YoY
Trade
Trading data shows the demand for foreign goods and acts as an indicator for measuring the impact on China's global trade because of COVID-19
Import YoY Change
China imported goods worth $464B in the first 3 months of 2020, down by 2% YoY
Jan 2020 YoY change not available
Export YoY Change
China exported goods worth $478B in the first 3 months of 2020, down by 13% YoY
Jan 2020 YoY change not available
Retail Sales
Retail sales give an insight into the spending pattens of the residents of China
Total Retail Sales YoY Change
7.86 trillion Yuan worth of Consumer Goods were sold in the first three months of 2020, down by 20% YoY
Jan 2020 YoY change not available
Automobile Sales YoY Change
633 billion Yuan worth of Automobiles were sold in the first three months of 2020, down by 31% YoY
Jan 2020 YoY change not available
Real Estate
Real estate transaction data gives an insight into the ability of businesses to invest in growth and of consumers to make one of the most important financial decisions of their life
Total Floor Space Sold YoY Change
220 million sq. meters of buildings (residential + commercial) were sold in the first three months of 2020, down by 26% YoY
Jan 2020 YoY change not available
Total Floor Space Started YoY Change
282 million sq. meters of construction work was started in the first three months of 2020, down by 27% YoY
Jan 2020 YoY change not available
Real Estate Investment YoY Change
220 trillion Yuan worth of investments were announced in Real Estate in the first three months of 2020, down by 7.7% YoY
Jan 2020 YoY change not available
Total Floor Space Completed YoY Change
155 million sq. meters of construction work was completed in the first three months of 2020, down by 16% YoY
Jan 2020 YoY change not available
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