Major Economic Indicators for China

China
IndicatorRelease dates
Gross Domestic Product (GDP)quarterly
Consumer Price Indexaround the 20th of each month
Retail Salesthe 9th business day of each month
Producer Price Indexquarterly
Name of Indicator
Consumer Price Index
Release Date
around the 20th of each month
Characteristics of Indicators

Consumer price index is an economic indicator that measures the changes in the retail prices of consumer goods and services actually purchased by consumers. Since it is an important indicator that is closed correlated with the inflation rate, many countries, such as the United States, EU, Japan, China, Australia and emerging countries, pay special attention to this index in the market.

To put it simply, consumer price index indicates price inflation and deflation. If the consumer price index increased dramatically, it is most likely that interest rates will be raised in order to keep the rate of inflation low. As this economic indicator is closely related to the exchange rate volatility, it is necessary to look at the consumer price index while trading.

Name of Indicator
Retail Sales
Release Date
the 9th business day of each month
Characteristics of Indicators

Retail sales are defined as the sum of retail sales of commodities sold by domestic producers. It is considered as an economic indicator that helps investors to keep track of movements in consumer spending. It also draws the attention of market participants as it is used to compute GDP. In addition, it is adopted by the FRB to predict economic trends. The monthly retail sales can be revised substantially. Therefore, in addition to the latest data, it is also important to examine the release in the previous month.

To put it simply, retail sales are an indicator that shows how much consumers are spending on goods. Investors pay attention to this indicator in order to have a sense of the economic performance of the country. Because the data are collected on a monthly basis, it is necessary to compare with the data released in the previous month and examine monthly percent changes. This is important for investors to forecast trends in exchange rate.

Name of Indicator
Gross Domestic Product (GDP)
Release Date
quarterly
Characteristics of Indicators

Gross domestic product (GDP) is the sum of the gross value added of domestic production of goods and services within a specific period of time. It is considered as an important indicator of economic growth and production activity in long-term trends. The advanced GDP estimates, as well as the preliminary and final GDP estimates, are released at the end of the month after each quarter ends. It draws the attention of investors as it is the broadest indicator of economic activities and it measures the overall economic performance of the country.

Compared with the previous data, we examine whether there is an increase or decrease in the GDP growth rate to evaluate the economic performance of the country. Investors are more focused on advanced estimates and they examine the personal consumption expenditures, residential investment, fixed investment, inventory investment, and government consumption expenditures and gross investment. As it is a comprehensive indication of the overall growth rate of a country, it is very important for investors to pay attention to this economic indicator.

Name of Indicator
Producer Price Index
Release Date
quarterly
Characteristics of Indicators

Producer price index measures the changes in prices received by producers. It is released quarterly by the National Bureau of Statistics of China. The index helps investors to forecast the economic performance, inflation rate and consumption trends. Compared with the consumer price index, it is considered as an earlier indicator of the economic performance. When the producer price index rises, it is cheaper to buy the currency of the country.

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