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

[behappyalways]

China’s new loans post first drop in 13 years on weak demand
https://www.theedgesingapore.com/news/c ... eak-demand

[behappyalways]

Consumption power is stalled!
Mainland Chinese people are less confident and dare not spend money arbitrarily
消費力大熄火!大陸民眾信心減 不敢亂花錢｜十點不一樣20250113
https://m.youtube.com/watch?v=ZpO536SX6W8


China trade surplus soars to $1T, provoking trade war tensions ahead of Trump's return
https://x.com/Mayhem4Markets/status/1878809081282261156

[behappyalways]

China's 2024 GDP is expected to reach 5%.
British media: People don't believe it.
Is China's economy really improving?
Financial Times: People are highly skeptical

中國發布2024GDP果然"保5" 英媒:民眾不信 中國經濟真好轉? 金融時報:百姓高度質疑│記者 柯雅涵│國際焦點20250117│三立新聞台

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

[winston]

Trump says he had good call with China's Xi, discussed trade, TikTok

US President-elect Donald Trump said he had a good discussion on Friday with Chinese leader Xi Jinping on a number of issues, including trade, fentanyl and TikTok.

"The call was a very good one for both China and the United States. It is my expectation that we will solve many problems together, and starting immediately.

We discussed balancing Trade, Fentanyl, TikTok, and many other subjects," Trump wrote in a post on his social media platform.

"President Xi and I will do everything possible to make the World more peaceful and safe!"

Earlier, the Chinese state media Xinhua reported that Xi and Trump spoke by phone on Friday, but did not provide any further detail.

Trump said on Jan. 6 that he and Xi have been communicating through representatives, expressing optimism about their relationship.

Source: REUTERS

https://www.thestandard.com.hk/breaking ... de,-TikTok

[behappyalways]

A good deep insight on China

China's semiconductor industry will soon be able to escape from its difficulties!
'25.01.17【觀點│龍行天下】Pt.1 中國半導體全面脫困快了！
https://m.youtube.com/watch?v=vO3_xbkYpzw

[behappyalways]

No surprises! China's GDP successfully maintains 5% in 2024 but foreign investment declines by nearly 30%

無意外! 中國2024年GDP成功保五 外資卻衰退近三成｜方念華｜FOCUS全球新聞20250117 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=05D_h-yGsw4

[winston]

China 2024 fiscal revenue growth shrinks, non-tax income jumps

China's fiscal revenue in 2024 grew 1.3 percent from a year earlier, slowing sharply from a 6.4 percent rise in 2023.

Fiscal revenues in 2024 totalled 21.97 trillion yuan (HK$23.6 trillion), including 17.497 trillion yuan in tax receipts and 4.473 trillion yuan in non-tax income.

China's tax revenue fell 3.4 percent in 2024 from the previous year, while non-tax revenue surged 25.4 percent.

A recent rush by cash-starved local governments to impose ad-hoc fines and confiscations on companies, which worsens already weak business confidence, has alarmed Chinese leaders.

Revenue from land sales by China's local governments dropped 16 percent in 2024 compared with the previous year, highlighting the deep property downturn.

Source: Reuters

https://www.thestandard.com.hk/breaking ... come-jumps

[behappyalways]

Even China's high tech sectors, such as EVs, have seen wages decline over the last year
https://x.com/Mayhem4Markets/status/1881668415108321621

[behappyalways]

The first cold wave is coming! The temperature in mainland China dropped by 16 degrees but it can’t stop the travel craze during the New Year holidays
首波寒流來襲! 陸急凍降溫16度 難擋年節出遊熱｜方念華｜FOCUS全球新聞20250124 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=QRuw3D60Irs


What will Xi Jinping do when the economy is sluggish and public sentiment is unsettled? Answer: Step up anti-corruption efforts
經濟不振 民心浮動習近平怎麼辦? 答案:加大反貪腐 TVBS文茜的世界周報 20250119
https://m.youtube.com/watch?v=10_O6F-5YKY

[behappyalways]

This keeps happening again and again.

US, Japanese, Korean, European high-tech firms sell parts of their operations to Chinese firms, often to focus on more cutting-edge tech. Even when the tech is outdated, Chinese firms use these operations to boost their own tech development.
https://x.com/kyleichan/status/1883189789287154013