China - Economic Data & News 22 (Jul 24 - Dec 25)

[behappyalways]

The People's Bank of China cuts interest rates to rescue the market, but the housing market will slowly fall until 2027?!
The United States plans to cut interest rates in September. Is the market calm before the storm?

人行降息救市 房市卻要緩跌至2027?! 美九月擬降息 市場暴風雨前寧靜?｜20240727｜‪‪‪@inewsplus

https://m.youtube.com/watch?v=eRVaKEluAG8

[winston]

Chinese factories face 'cruel summer'

The most prominent issues are still insufficient effective domestic demand and weak market optimism.

That lack of confidence was also reflected in secondary-market home prices in 100 cities falling for the fourth consecutive month in July.

Source: AP

https://www.thestandard.com.hk/section- ... el-summer'

[winston]

China rolls out action plan on boosting domestic consumption

Designated 20 key steps, including exploring the potential to expand basic consumption in areas such as catering, home services and elder care.

Authorities will also look to foster new types of spending, cultivate unmanned retail stores and self-pickup lockers, and support the development of electronic sports and live streaming e-commerce.

Enhance financing support to eligible small and micro enterprises in the service industry, and implement additional personal income tax deductions to offset the cost of caring for infants and children under three years of age, as well as expenses on education and support for the elderly.

Beijing also plans to encourage the development of new leisure tourism areas including cruise ships, yachting and “low-altitude flying”.

Step up credit support for key areas of service consumption, and increase the supply of financial products that meet the development needs of new consumer formats such as the sharing economy.

Source: Bloomberg

https://theedgemalaysia.com/node/721588

[behappyalways]

Amid internal and external troubles, the wave of department store bankruptcies in China cannot be stopped!
內憂外患夾擊　中國百貨倒閉潮止不住！｜靠鏡看中國 #鏡新聞
https://m.youtube.com/watch?v=EfKFJ1ag08Y


Foreign Direct Investment into China keeps declining. YoY numbers came in at -29.1%, a record decline for the first six months of the year
https://x.com/AyeshaTariq/status/1818238002855813469

[behappyalways]

Domestic demand is insufficient.
Manufacturing is pessimistic.
U.S. tax hikes may worsen China's economy
內需不足.製造業悲觀 美方加稅恐令中國經濟雪上加霜｜方念華｜FOCUS全球新聞 20240801 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=pAIf1MEOklo


The competition in China's catering industry is fierce!
The "tide of price cuts" has caused operators to face the crisis of bankruptcy.
Has the trend of coffee price cuts extended to the catering industry?
People: The portions are sufficient and the value for money is great.
中餐飲業競爭強! "降價潮"致業者恐面倒閉危機 咖啡降價潮擴至餐飲業? 民眾:份量夠.物超所值│記者 林芷綺 徐國衡│【國際焦點】20240730│三立新聞台
https://m.youtube.com/watch?v=__uw_7VE634


Bloomberg: China’s technology growth can offset real estate bubble!
'24.07.30【豐富│東南西北龍鳳配】Pt.3 彭博：中國的科技增長可以抵銷房地產泡沫！
https://m.youtube.com/watch?v=j21-zgweY44

[behappyalways]

Cheap is king!
"Consumption with seniors" is prevalent among young white-collar workers in mainland China

便宜是王道! 中國大陸年輕白領「蹭老消費」盛行｜TVBS新聞

https://m.youtube.com/watch?v=fDzGHCefPp0

[behappyalways]

"China is producing far more output than it, or foreign markets, can sustainably absorb. As a result, the Chinese economy runs the risk of getting caught in a doom loop of falling prices, insolvency, factory closures, and, ultimately, job losses."
https://x.com/jojjeols/status/1821042316838306299

[behappyalways]

China's exports slowed down in July and domestic demand for new energy vehicle sales exceeded 50% for the first time

中國七月出口放緩 內需新能源車銷售占比.首破五成｜葉佳蓉｜FOCUS全球新聞 20240808 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=MssTPSaAsyU

[behappyalways]

Watch: Explosion Rocks Container Ship At China's Top Port
https://www.zerohedge.com/geopolitical/ ... s-top-port

[behappyalways]

PLA celebrates 97th anniversary with videos on 'how to invade Taiwan'
https://m.youtube.com/watch?v=FLFXU2y9hTM