Rishaad they are coming out of the bottom of the hour, half past 9 00 beijing time. Production retail sales, lets put all of this into context. We have seen the movie gradually to the downside as we chart this of the last five years. Recovery flatlining. 10. 3 growth. Industrial production for china slipping through 6. 3 . In september. That they are falling just below what was anticipated by the environmental factors. Winter is coming, they are facing more curves to improve air quality. Slightly, 10. 4 . Two point percent is at least the expectation. 10. 3 is at least the expectation. Haidi they are leaning towards less of the factory driven growth and more of the retail sales consumer consumption. They continue to paint that picture. We finally got dropping the loans and credit numbers from the previous month. The headline is that the deleveraging process is underway. Expectations but one note out from Goldman Sachs, it is a calendar issue. The production cuts ahead of that 19th Part
Qazi Hadi at Topline Securities said Pak Suzuki informed analysts that with regards to rupee-dollar parity, the company may undertake price review. AFP/File
KARACHI: As the auto assemblers anticipate jump in vehicle prices on account of spiralling raw material prices on world markets, another cost pressure has emerged following removal of export tax rebate by China on 146 kinds of steel products from May 1, 2021.
At the analyst briefing held last week, Pak Suzuki Motor Company Ltd (PSMCL) and Indus Motor Company (IMC) cautioned about price hikes in vehicles.
Qazi Hadi at Topline Securities said Pak Suzuki informed analysts that with regards to rupee-dollar parity, the company may undertake price review. However, the potential impact of the ongoing third wave of Covid-19 is also under consideration.