China - Economic Data & News 20 (Nov 22 - Dec 24)

[behappyalways]

China's economy is in recession!
"Shared employees" reduce labor costs by 10% and only accept short-term project cooperation. Shared employees are causing heated discussions.
Is shared employees a win-win situation?
Internet bombardment: It is basically "sharing exploitation"

中國經濟不景氣! "共享員工"人力成本降10% 只接短期專案合作 共享員工引熱議 共享員工是雙贏? 網轟: 根本"共享壓榨"│記者 劉玨妤│【國際大現場】20240401│三立新聞台

https://m.youtube.com/watch?v=ENxu78t0guA

[behappyalways]

China's foreign capital retreats, Li Qiang rarely admits that real estate market and debt risks have increased sharply
中國外資大撤退 李強罕見坦承房市與債務風險劇增 TVBS文茜的世界財經周報 20240331
https://m.youtube.com/watch?v=ZPiIPp6delM


#China removed caps on some #auto loans, allows zero down payment to boost car sales
https://twitter.com/YuanTalks/status/17 ... 4611828033

[behappyalways]

It stands out among the first-tier cities in mainland China!
Shenzhen relies on high technology to grow its GDP by 6%

陸一線城市它一枝獨秀! 深圳靠高科技GDP成長6%｜十點不一樣20240412

https://m.youtube.com/watch?v=cBTJXyjQsT0

[behappyalways]

China’s economy is weak and even the “stock king” can’t hold on!
The price of Moutai has plummeted and Moutai is no longer in glory.
Experts: China’s society has insufficient purchasing power

中國經濟疲軟"股王"也撐不住! 茅台酒身價慘跌 茅台風光不再 專家:中國社會購買力不足│記者 劉玨妤│【國際大現場】20240412│三立新聞台

https://m.youtube.com/watch?v=aRFheF3ZP8A

[behappyalways]

The Great Firewall: China Orders Apple To Remove WhatsApp, Threads From App Store
https://www.zerohedge.com/technology/gr ... -app-store

[behappyalways]

And the chart...
FDI falls for the third month
https://twitter.com/shehzadhqazi/status ... 6395378039


China now is going from door-to-door to check the expiration date of home appliances such as washing machine, air conditioner, TV, and gas stove.
https://twitter.com/songpinganq/status/ ... 3006337373

[winston]

China wants everyone to trade in their old cars, fridges to help save its economy

As of last year, China had 336 million cars and more than three billion fridges, washing machines and air-conditioners,

Source: Bloomberg

https://www.thestar.com.my/tech/tech-ne ... ts-economy

[winston]

Brace for ‘third wave’ of China bond defaults amid high financing costs, slow growth and tighter state policies, S&P says

More policies with similar aim, scale and effects may lead to the next wave of defaults, S&P’s Charles Chang says in report

Market access for privately owned firms has been negative for most months since 2021: S&P report
Banking & finance

by Cheryl Arcibal and Yuke Xie

Source: SCMP

https://www.scmp.com/business/banking-f ... 60046&tc=5

[behappyalways]

Stable and high salary but unable to get it, young people "lay down" and switch to investing in personal interests

穩定高薪求而不得 陸青年「躺平」轉投資個人興趣｜方念華｜FOCUS全球新聞 20240424@tvbsfocus

https://m.youtube.com/watch?v=sHH4HUokclU

[behappyalways]

Olympic Economy Yiwu's exports to France increased by 42% in the first two months
奧運經濟 義烏前兩月對法出口年增42%｜TVBS新聞
https://m.youtube.com/watch?v=SVbX-qPmXbk


There’s a CCP organization in China’s largest bubble tea chain Mixue Ice Cream & Tea (or Mixue Bingcheng; 蜜雪冰城)… Mixue is also operating in various countries especially in Asia
https://twitter.com/Byron_Wan/status/17 ... 5021447652


Xi Jinping established a new military unit "Information Support Force" to specialize in network attack, defense and psychological warfare?
習近平成立新兵種 「信息支援部隊」 專精網路攻防.心理戰?｜TVBS新聞
https://m.youtube.com/watch?v=hjivTS_bg7I