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

[winston]

How deeply rooted are China’s economic woes?
Four major problems shape the country’s slowdown

by Nicholas Borst

CHINA’S economy has continued to struggle in 2024, laying to rest any remaining hopes of a strong post-pandemic recovery.

Instead of a rapid rebound as many analysts predicted, China’s reopening boom never materialised. It also appears that the Chinese government is not inclined to make major changes to its economic management and the high-profile Third Plenum came and went without significant reforms being announced.

The country’s economic trajectory can be traced back to four major issues:
1. The real estate market is in a protracted downturn;
2. Chinese consumers have held back their spending after the economy reopened; 3.
3. Deteriorating local government finances threaten a sharp slowdown in investment; 4. China’s private sector “animal spirits” remain weak after the policy crackdowns of the past several years.

Source: Business Times

https://www.businesstimes.com.sg/opinio ... nomic-woes

[behappyalways]

China's youth unemployment rate hits another high of 17.1%.
The actual figures may be even more terrifying.
More than 11 million graduates have slim prospects during the graduation season.
中國青年失業率再創高17.1%　實際數字可能更可怕　畢業季1100多萬名畢業生前景渺茫｜全球聊天室｜#鏡新聞
https://m.youtube.com/watch?v=NbsPGffoxsg


Go back to 10 years ago! China’s summer movie attendance is low, and the box office is nearly halved from last year
重回10年前!中國暑期電影上座低 票房比去年近腰斬｜方念華｜FOCUS全球新聞 20240902 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=jc3ELIYxEgI

[behappyalways]

Struggling to hold on! China's consumption has been downgraded.
Michelin restaurants have launched "poor set meals".
Consumption in first-tier cities is weak.
Restaurants may close down or be forced to compete at low prices.

苦撐! 中國消費降級 米其林餐廳推"窮鬼套餐" 一線城市消費疲軟 餐廳倒閉或被迫低價競爭│記者 陳姵如│【國際焦點】20240901│三立新聞台

https://m.youtube.com/watch?v=8m-9v3LqssQ

[behappyalways]

China’s Risky New Megadams Lie in One of the World’s Most Remote Places | WSJ
https://m.youtube.com/watch?v=6IzLzI_MbnE

[behappyalways]

Chinese companies have landed in the global southern market!

24.09.03【豐富│東南西北龍鳳配】Pt.2 中國企業空降全球南方市場！

https://m.youtube.com/watch?v=Qcv0giCdQV0

[behappyalways]

Win over Russia and Africa!
Xi Jinping announced to 33 African countries "

拉攏俄羅斯、非洲! 習近平宣布給33個非洲國家「零關稅」 韓正會普欽｜TVBS新聞

https://m.youtube.com/watch?v=tHvX7DVGIZo

[behappyalways]

Mainland China halts inter-country adoptions!
Official media said the social welfare system is complete.
Netizens said they have no chance to change their lives.

大陸停止跨國收養!官媒稱社福體系完善 網友 逆天改命沒機會了｜TVBS新聞

https://m.youtube.com/watch?v=geHrwCU0nfk

[behappyalways]

Why China wants to make it easier to marry, harder to divorce
https://m.youtube.com/watch?v=ZyuTWnNMlB4

[behappyalways]

China’s new approach to maintaining stability?
Food delivery workers are “casually photographed” and work part-time as social supervisors.
Chinese delivery workers are “so busy” that they not only deliver food but also report on restaurants.

中國維穩新招? 外送員"隨手拍"兼職社會監督員 中國外送員"好忙" 不只要送餐還要檢舉餐廳│記者 蔡孟廷 │【國際焦點】20240912│三立新聞台

https://m.youtube.com/watch?v=_giCzUQF0is

[behappyalways]

Expand China’s influence! Li Qiang visits the Middle East, China and Russia use BRICS to strengthen their allies

擴中國影響力! 李強出訪中東 中俄藉金磚致力增盟友｜方念華｜FOCUS全球新聞 20240912 ‪@tvbsfocus

‬https://m.youtube.com/watch?v=Y5I-E5PFLwA