Chinese economic activity data for June 2023

china june economy data 2023

Further. National Bureau of Statistics (NBS) says

  • June crude oil production rose 1.9% Y/Y to 17.5mln metric tons and H1 crude output rose 2.1% Y/y to 105.1mln tons
  • June crude production the highest since 2015
  • June natural gas output rose 5.5% Y/Y, H1 natgas output rose 5.4% Y/Y

The data point that will most concern Chinese Communist authorities is that the June Unemployment Rate amongst 16 to 24 year-olds is 21.3%. This is up from the May reading at 20.8%.