China A50 Trading forecasts and signals

The index, which measures business activity in the services sector of the Chinese economy, in March reached the highest level since December last year. According to Caixin/Markit data, it was 54.3 points. At the same time, in February, the indicator was at the level of 51.5 points. The results of the survey also showed that Chinese companies are increasing their hiring. In March, the number of people hired exceeded the number of dismissed employees of companies. The Chinese authorities managed to cope relatively quickly with such a problem as the spread of the coronavirus. In this regard, the country's economy is successfully recovering from the crisis. However, prices for services continue to rise due to the increasing cost of consumable components. A similar situation is observed in the country's manufacturing industry, which hinders the faster pace of recovery of the Chinese economy. Companies have been raising prices for their products and services for eight consecutive months. Nevertheless, the index, which measures the degree of optimism of Chinese businesses about the state of the economy for the next 12 months, rose to the highest in the last 10 ...

In a report published on the official website of the Ministry of Finance of China, it is reported that in the first two months of this year, the country's state budget revenues increased by 18.7% compared to the same period of the previous year, amounting to 4.18 trillion yuan. Income from tax deductions in the specified period increased by 18.9%. Funds received from other sources of budget replenishment increased by 16.8%.At the same time, it is reported that the most significant increase in January-February 2021 was shown by stamp duties on securities. This figure has jumped by 90.5% in twelve months. Real estate tax revenues increased by 79.6%. The tax on the purchase of vehicles provided an increase in income by 52.9%, Income from the tax on urban construction increased by 26.5% in the specified period. In addition, revenues from VAT and consumer tax on imported products showed an increase of 26.9%.At the same time, spending on many major budget items increased in the first two months. 20.5% more was spent on the implementation of scientific and technological projects than in the same period of the previous year. Spending on cultural programs increased by 20.5% over the year. State budget expenditures in January-February increased by a total of 10.5%, reaching 3.57 trillion ...