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

[behappyalways]

Post-holiday job rush across mainland China, university graduates are recruiting. Looking for someone with an annual salary of 360,000
大陸各地節後搶工 大學畢業生招聘.年薪36萬找人｜方念華｜FOCUS全球新聞 20240222 @tvbsfocus
https://m.youtube.com/watch?v=faZ0yNVSbog


"#China’s SOEs have begun setting up in-house reserve military units, a legacy of the Mao Zedong era, in a sign of authorities’ increasing concern about social & political instability amid the country’s economic slowdown"
https://twitter.com/ChinaBeigeBook/stat ... 2883682648

[behappyalways]

Financial authorities are optimistic about China’s economy but worried about the impact of Xi’s policies on development

金融權威對中經濟感樂觀 憂習政策衝擊發展｜FOCUS午間新聞 20240226 @tvbsfocus

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

[behappyalways]

Mobile payment is too common in mainland China, making it difficult for overseas tourists to spend money.

大陸行動支付太普遍 海外遊客難消費頻碰壁｜方念華｜FOCUS全球新聞 20240226@tvbsfocus

https://m.youtube.com/watch?v=6YRZ3IYuGHk

[behappyalways]

Real estate has lost momentum, China uses AI industry to turn the tide and save the economy
房地產已失去動能 中國以AI產業力挽狂瀾救經濟 TVBS文茜的世界財經周報 20240225
https://m.youtube.com/watch?v=nAXDGzh27aE


Employees have not returned to work after the Chinese New Year.
Mainland China is short of workers.
Spend money to replenish manpower.
員工過完年沒返崗 大陸缺工.撒錢補人力｜方念華｜FOCUS全球新聞 20240227@tvbsfocus
https://m.youtube.com/watch?v=FQb_8e3-ObA

[behappyalways]

While western countries de-risk from China, the rest of the world is turning to Beijing
• Chinese firms now export more to developing economies than to US, EU and Japan
• China's trade push also comes with long-term investment plans, notably in southeast Asia
https://twitter.com/AgatheDemarais/stat ... 7847934067


Xi monopolizes power!
The "Prime Minister's Press Conference" has been calling for GDP to be "guaranteed to 5"
習一權獨尊!半甲子「總理記者會」慣例喊卡 GDP要「保5」｜方念華｜FOCUS全球新聞 20240305@tvbsfocus
https://m.youtube.com/watch?v=9QBX4V_iapc

[behappyalways]

"Fixed-asset investment, one of China’s most closely watched indicators, is rife with such revisions.
In separate reports NBS put FAI at 57T yuan in 2022 and 50T in 2023. But instead of reporting that investment dropped 12% in 2023, the NBS said it grew 3%. How could that be?..
https://twitter.com/shehzadhqazi/status ... 0873357442


“The NBS loves revisions that boost current & future results yet don’t at all change past results,” notes
@DerekScissors1
, chief economist
@ChinaBeigeBook
https://twitter.com/ChinaBeigeBook/stat ... 1840384026


Lack of work and unemployment coexist and the job market in mainland China is in trouble
缺工.失業並存矛盾 中國大陸就業市場窘困｜方念華｜FOCUS全球新聞 20240306@tvbsfocus
https://m.youtube.com/watch?v=-vaf6wobTnc


China's manufacturing industry continues to slow down AI becomes country's hope for future growth
中國製造業繼續放緩 AI成為國家未來增長希望 TVBS文茜的世界周報 20240303
https://m.youtube.com/watch?v=NyuDXQZkJEk

[behappyalways]

大陸發展「新型儲能」 首度寫入兩會工作報告｜方念華｜FOCUS全球新聞 20240311@tvbsfocus
https://m.youtube.com/watch?v=K_rKFJ1gjKg

[winston]

China’s economic data needs to be ‘richer’ to boost transparency, investor confidence

Shenwan Hongyuan Securities’ chief economist Yang Chengzhang says China needs ‘richer sources of statistics and information’

Chinese People’s Political Consultative Conference member calls for releases from tertiary and research institutions, industrial associations and the media

by Frank Chen

Source: SCMP

https://www.scmp.com/economy/economic-i ... e=homepage

[behappyalways]

Will you be arrested for debt collection?
The Chinese government defaulted on a 970 million debt.
A businesswoman was arrested for collecting debt.
Guizhou Governor: Under investigation.
Those in power blindly borrow money to achieve political performance.
Guizhou Province is deeply in debt.

討債還會被捕? 中國政府賴帳9.7億 女商人討債反被捕 貴州省長: 正在調查 上位者盲目舉債求政績 貴州省債台高築 ｜記者 劉玨妤｜【國際大現場】20240306｜三立新聞台

https://m.youtube.com/watch?v=LsR2A37g_zA

[behappyalways]

"Some investors in a troubled trust fund in #China are facing financial ruin under a govt plan to return just a fraction of their money, casualties of a slump in the property industry & a broader economic slowdown"
https://twitter.com/ChinaBeigeBook/stat ... 8108948727


Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy
https://apnews.com/article/china-econom ... c7fff3e0ff


杭州亞運媒體村人才公寓 附家具.電器「拎包入住」｜方念華｜FOCUS全球新聞 20240312 @tvbsfocus
https://m.youtube.com/watch?v=azodcJZVdxc