China - Economic Data & News 18 (Jun 20 - Dec 21)

Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby winston » Wed Dec 30, 2020 7:27 am

Business execs take dim view of China's economic recovery

China has not fully recovered from the shock of the coronavirus pandemic, business leaders said in a survey by the China Beige Book released Tuesday, CNBC reports.

After about a year since a new coronavirus first emerged in the central city of Wuhan in Hubei province last December, roughly two-thirds of executives polled by the third-party firm said they don’t expect sales, profitability and hiring to return to 2019 levels until at least three months from now.

Richer households might be boosting overall consumption by spending on big-ticket items.

Chain restaurants didn’t see as much growth, while travel saw no growth and hospitality recorded the weakest revenues.

Source: The Standard

https://www.thestandard.com.hk/breaking ... c-recovery
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby behappyalways » Wed Dec 30, 2020 8:02 am

Wuhan’s low-income workers struggle to find jobs eight months after Covid-19 lockdown lifted
https://m.youtube.com/watch?v=I9o2otl9ucs
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby winston » Wed Dec 30, 2020 9:23 pm

China revises down 2019 growth to 6pc

China’s National Bureau of Statistics revised the national growth rate for 2019 lower on Wednesday with reductions in the manufacturing sector, CNBC reports.

The downward adjustment gives the country a lower base from which to report growth for 2020.

GDP last year now grew by only 6 percent to 98.65 trillion yuan (US$15.1 trillion), versus 6.1 percent as previously reported, the bureau said.

The main reason by far was a 503.8 billion yuan (US$77.15 billion) reduction in manufacturing, or about 2 percent of the sector’s original contribution to growth in 2019.

“This suggests the impact of the US-China trade war on China’s manufacturing activity has been underestimated,” Yue Su, principal economist at The Economist Intelligence Unit, said in a statement.

Source: The Standard

https://www.thestandard.com.hk/breaking ... wth-to-6pc
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby behappyalways » Sun Jan 03, 2021 8:57 pm

Big harvest in China’s Chagan Lake winter fishing
https://m.youtube.com/watch?v=pWkh_hD1wbU
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby behappyalways » Thu Jan 07, 2021 7:32 pm

Coronavirus: Hebei province reports 120 new local cases in China’s biggest Covid-19 rise in months
https://m.youtube.com/watch?v=K9Wnwr6-SOE
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby behappyalways » Tue Jan 12, 2021 6:25 pm

More parts of China lock down as virus cases spike ahead of WHO visit
https://www.cnbc.com/2021/01/12/more-pa ... visit.html
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby behappyalways » Tue Jan 12, 2021 10:48 pm

Extreme cold a chilly challenge for railway crews on trains in northern China
https://m.youtube.com/watch?v=boH4MLiC5kM
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby behappyalways » Wed Jan 13, 2021 2:17 pm

Chinese local governments ban rural weddings and funerals to halt spread of Covid-19
https://www.scmp.com/news/china/science ... erals-halt
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby winston » Thu Jan 14, 2021 7:55 pm

Debt at China’s state-owned firms in spotlight as credit tightening raises default pressure

Chinese state firms defaulted on 71.8 billion yuan (US$11.1 billion) worth of debt in 2020 – the largest total since China allowed defaults in 2014

Analysts say any defaults of weak state-owned enterprises would be highly contagious and impact the entire credit market

Source: SCMP

https://www.scmp.com/economy/china-econ ... tightening
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Re: China - Economic Data & News 18 (Jun 20 - Dec 21)

Postby behappyalways » Fri Jan 15, 2021 10:43 pm

疫情升溫,物價飆漲。1月13日吉林長春一超市,大白菜漲價市民搶購;1月12日 黑龍江齊齊哈爾,顧客正在買菜,超市就更換采標宣佈漲價| #大紀元新聞網
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