China delays release of key economic data amid party congress - Reuters

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People locomotion by bureau towers successful the Lujiazui fiscal territory of Shanghai, China October 17, 2022. REUTERS/Aly Song

BEIJING, Oct 17 (Reuters) - China delayed the merchandise of economical indicators scheduled for work this week, including its third-quarter gross home merchandise information owed connected Tuesday, according to an updated calendar connected the statistic bureau's website.

The highly antithetic hold comes amid the week-long legislature of the ruling Communist Party, a twice-a-decade lawsuit that is an particularly delicate clip successful China.

The information for third-quarter gross home merchandise (GDP) - primitively scheduled for merchandise astatine 10:00 a.m. (0200 GMT) connected Tuesday - has been highly anticipated aft the world's second-largest system grew conscionable 0.4% successful the 2nd 4th from a twelvemonth earlier.

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A idiosyncratic answering the telephone successful the media bureau astatine the National Bureau of Statistics (NBS) said the alteration was "due to accommodation to enactment arrangements" but gave nary further details.

No day for a rescheduled merchandise has been given.

GDP was expected to person expanded 3.4% successful July-September, according to a Reuters poll, arsenic the economy started to consciousness the interaction of a raft of authorities supportive policies introduced successful caller months.

"The delayed economical information merchandise is not due to the fact that of atrocious economical betterment but the ongoing congress, arsenic authorities privation media and the nationalist to ore connected the cardinal messages delivered by the large event," said Bruce Pang, main economist astatine Jones Lang Lasalle successful Hong Kong.

He said the hold was improbable to impact marketplace sentiment arsenic astir preliminary economical information pointed to a pick-up successful betterment successful the 3rd quarter.

September releases for a big of different figures including concern production, retail income and the municipality jobless complaint that are typically issued on with the GDP information had besides been delayed, according to the NBS website.

Also delayed was information for China's location prices for September, which had been scheduled for work connected Wednesday.

The delays followed the unexplained hold successful the merchandise of September's commercialized information by the General Administration of Customs, which had been owed retired connected Friday.

The commercialized statistic had been expected to amusement China's export maturation weakened further from August, dragged down by brushed planetary demand, portion its imports remained tepid.

The commercialized information was not released connected Monday and calls to the customs medication seeking remark went unanswered.

At the decision of this week's congress, President Xi Jinping is wide expected to triumph a precedent-breaking 3rd enactment term.

At the past enactment congress, successful 2017, 3rd 4th GDP information was released arsenic usual.

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Reporting by Ryan Woo and Ellen Zhang; Editing by Toby Chopra, Jacqueline Wong and Tony Munroe

Our Standards: The Thomson Reuters Trust Principles.

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