China CNY

China National Development and Reform Commission Briefing

Impact:
High

Next Release:

Date:
Period:
What Does It Measure?
The China National Development and Reform Commission (NDRC) briefing measures a range of economic indicators and policy updates vital for understanding China's economic strategy, production capacity, employment outlook, and inflationary pressures. It primarily focuses on assessing national policy directions related to infrastructure, energy control, pricing, and economic reforms within the context of China's broader economic framework.
Frequency
The NDRC briefing is typically released monthly, with updates sometimes provided during key economic plan submissions, and it serves as a preliminary estimate that may be revised in subsequent disclosures.
Why Do Traders Care?
Traders closely monitor the NDRC briefing because it provides insights into China's economic health and policy intentions, directly affecting major global markets, including currencies, commodities, and stocks. Positive signals from the briefing about economic performance can lead to bullish trends in assets associated with China, while negative insights can trigger bearish sentiments across financial markets.
What Is It Derived From?
The NDRC briefing is derived from comprehensive analyses conducted by government economists and policy advisors, encompassing data collected from various sectors, including manufacturing and energy. Surveys may involve industry representatives and economic indicators sourced from regional development plans and national economic targets.
Description
The NDRC briefing not only presents current economic indicators but also contextually outlines future policy directions, serving as a tool for fiscal policy adjustment. Typically, this briefing contrasts preliminary estimates with more finalized data, where preliminary figures provide an early glimpse into economic conditions but may be subject to substantial revision upon their final release.
Additional Notes
As a coincident economic indicator, the NDRC briefing can influence expectations regarding future GDP growth and consumer spending patterns in China, aligning with broader regional and global economic trends. Its impact may be compared to quarterly GDP reports or monthly production indices, reinforcing its significance in shaping investment strategies.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise