China exported 278,081 electric vehicles in April, up 40% year over year, Bloomberg News reported Tuesday.
Most of the country's EV exports went to Brazil, surging 221% to 38,144 units, according to the report.
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China's total installed power generation capacity in April grew 14.2% year on year to 3.99 billion kilowatts, according to Monday data from the National Energy Administration.Among them, solar power generation jumped 26.2% and wind power rose 22% from a year earlier.Between January and April, the average of the country's power generation equipment utilization fell by 84 hours to 925 hours from the previous year.
Total new residential mortgage lending in New Zealand fell to NZ$7.99 billion in April from NZ$9.5 billion in March, according to data from the Reserve Bank of New Zealand released on Tuesday.Residential mortgage lending to first home buyers fell to NZ$1.65 billion in April from NZ$1.99 billion in the previous month. Lending to other owner-occupiers decreased to NZ$4.76 billion from NZ$5.49 billion.Residential mortgage lending to investors fell to NZ$1.46 billion from NZ$1.89 billion, while that for business purposes decreased to NZ$119 million from NZ$134 million.Total new residential lending at a loan-to-valuation ratio above 80% came in at NZ$1.17 billion in April for all borrower types, down from NZ$1.38 billion in March.Residential mortgage lending, where the loan-to-valuation ratio is equal to 80% or below, was NZ$6.82 billion for all borrower types, down from NZ$8.12 billion in the previous month.
The UK's shop price inflation edged up to 1.2% year over year in May from 1% in April, the British Retail Consortium said Tuesday.The latest reading exceeded the consensus estimate of 1.1%.As food inflation continued to soften, BRC attributed the increase in shop price inflation to rising shipping and raw material costs amid the Middle East conflict.