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

[behappyalways]

Exhausted doctor collapses during check-ups as China buckles under rising Covid-19 cases
https://m.youtube.com/watch?v=umMUgDu7nXk

[winston]

China’s economic activity plummets as Covid cases soar

Crowded hospitals and queues at funeral parlours.

Subway passenger numbers have plummeted in cities including Shanghai, Guangzhou, Shenzhen, Xi’an and Nanjing.

Congestion levels across 15 major cities are 56% below the level in January 2021.

The number of flights on Thursday fell to 42% of 2019 levels.

Source: Bloomberg

https://www.freemalaysiatoday.com/categ ... -366156373

[winston]

Deaths Among CCP Elites Rise as COVID-19 Wave Hits China

By Eva Fu

Yang Lianghua, formerly a senior reporter for the Chinese communist regime’s official mouthpiece People’s Daily and the chief editor of the newspaper’s international edition.

Zhou Zhichun, former deputy chief editor and vice president for the state-owned China Youth Daily;

Politician Zhi Zhihong, who once chaired the Jiangxi Provincial Committee of the Chinese People’s Political Consultative Conference;

39-year-old Peking Opera actress Chu Lanlan;

Marxist economist Hu Jun;

Former National Sports Commission vice director Liu Ji;

Designer of the mascots from the 2008 Beijing Olympics, Wu Guanying;

As well as dozens of illustrious professors at two of China’s most prestigious academic institutions, Peking University and Tsinghua University.

About a dozen leading health experts have also died, including Nan Dengkun, who is credited with having pioneered China’s medical rehabilitation industry and top pharmaceutical scientist Wei Shuli.

Source: Epoch Times

https://www.theepochtimes.com/deaths-am ... Ipch8ts%3D

[winston]

China estimates Covid surge is infecting 37 million people a day

As many as 248 million people, or nearly 18% of the population, likely contracted the virus in the first 20 days of December.

If accurate, the infection rate would dwarf the previous daily record of about 4 million, set in January 2022.

Source: Bloomberg

https://www.theedgemarkets.com/node/649450

[behappyalways]

為了面子不顧人民! 中國火葬場大排長龍 豪賭式解封兩周 官方僅公布"7例"死亡 德國表態願贈疫苗遭北京拒絕 WHO更曝"身亡數"恐達200萬｜記者 姚懷真｜【國際大現場】20221222｜三立新聞台
https://m.youtube.com/watch?v=lelQ47eL5AE

[behappyalways]

Crowds and traffic jams return to Beijing as China learns to live with Covid-19
https://m.youtube.com/watch?v=v5r0KnVUZGQ

[winston]

‘Absolute loyalty’: China’s Xi Jinping tells Politburo to toe party line ‘under all circumstances’

by Jun Mai

Source: SCMP

https://www.scmp.com/news/china/politic ... f85729c0c2

[behappyalways]

China's Employment Outlook & Income Confidence Hit Record Lows
https://www.zerohedge.com/personal-fina ... ecord-lows


China December manufacturing contracts at sharpest pace in almost 3 years
https://www.cnbc.com/2022/12/31/china-m ... -soar.html

[behappyalways]

大陸新年目標「擴大內需」 批准新一批遊戲版號｜秦綾謙｜FOCUS全球新聞 20221230 @tvbsfocus
https://m.youtube.com/watch?v=p9kRdGi39Ns

[winston]

Xi warns of tough Covid-19 fight with China economy on back foot

Virus policy pivot that’s infected hundreds of millions

On top of repeated Covid outbreaks, China’s economy in 2022 muddled through a persistent property market slump, sluggish consumer demand and waning overseas appetite for its goods.

While analysts forecast growth slowed to 3% in 2022, Xi said China’s gross domestic product exceeded 120 trillion yuan (US$17.4 trillion) last year, suggesting the economy expanded at least 4.4%.

The government’s top health authority estimated as many as 248 million people, or nearly 18% of the population, likely contracted the virus in the first 20 days of December.

The government’s top health authority estimated as many as 248 million people, or nearly 18% of the population, likely contracted the virus in the first 20 days of December.

“The data reinforce our view that further policy support will be forthcoming, with the People’s Bank of China likely to cut rates” in the first quarter help stabilise the economy.

Source: Bloomberg

https://www.theedgemarkets.com/node/650159