ECONOMIC INDICATORS – CHINA

Chinese economy takes a record hit

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Original article by Will Glasgow, Geoff Chambers
The Australian – Page: 1 & 6 : 2-Mar-20

The impact of the coronavirus on China’s manufacturing sector has been highlighted by the nation’s latest purchasing managers index data. The index fell from 50 to just 35.7 in January, and it is now below the levels recorded at the height of the global financial crisis. The virus outbreak resulted in the temporary closure of factories across China, and while some have resumed production, many remained closed. China’s economic growth slowed to 6.1 per cent in 2019.

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ANZ-Roy Morgan Chinese Consumer Confidence Declined to a New Low

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 28-Aug-15

The ANZ-Roy Morgan China Consumer Confidence index fell by 2.5 points to 138.5 in August 2015, which is its lowest level on record. The number of respondents who said that their families are "better off" financially in August 2015 compared with the same time last year fell by 2.3 percentage points to 40.7 per cent. Meanwhile, the number of respondents who expect the Chinese economy to have "good times" in the next 12 months fell by 1.7 percentage points to 57.4 per cent.

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ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

BHP’s Mackenzie says China has ‘bottomed’

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Original article by James Chessell, Amanda Saunders
The Australian Financial Review – Page: 17 : 27-Aug-15

BHP Billiton CEO Andrew Mackenzie has played down fears about China’s economy, claiming it was showing signs of recovery. He agreed with Apple CEO Tim Cook that there was still solid demand in China. Mackenzie forecast its second half financial year would be better than the first. BHP posted a 51 per cent fall in underlying annual profit to $US6.4 billion ($A8.9 billion) because of a slump in commodity prices.

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BHP BILLITON LIMITED – ASX BHP, APPLE INCORPORATED, GLENCORE AUSTRALIA PTY LTD