The Chinese economy accelerated in Q4, but signs of weakness appeared in December

China’s GDP ended 2020 stronger than expected with a 6.5% yoy GDP growth. Yet, retail sales slowed down unexpectedly, even before the country faced the pandemic resurgence, which suggests the start of 2021 may be more difficult. The Chinese economy posted an average 2.3% GDP growth in 2020. US markets are closed for Martin Luther King’s day, but the trend is rather negative, as there are doubts about the ability of Joe Biden to implement his economic program, while US economic reports released at the end of last week confirmed the strong negative impact of the pandemic. The USD kept on strengthening, touching 1.2065 vs the euro overnight.

Chinese-gdp-growth
Share this news :

You might also read :

ES-economy
February 4, 2021

Is the best is the enemy of the good?

US economic reports may be too good  for markets as they both tend to fuel inflationary fears and lower the need for a big stimulus…
ES-gas
February 22, 2021

European prices down

European gas prices weakened on Friday, more sensitive to warmer weather than to relatively weak pipeline supply. Indeed, while Norwegian flows continued to recover, averaging…
ES-gas
March 16, 2021

European prices weakened

European gas prices dropped yesterday, pressured by the (slight) upward revision of temperatures for this week. The drop in parity prices with coal for power…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]