China - Economic Data & News 17 (Jan 19 - Dec 20)

Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Tue Feb 12, 2019 6:06 pm

How bad is China's economic slump? It's impossible to tell
https://edition.cnn.com/2019/02/11/busi ... index.html
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Fri Feb 15, 2019 7:28 am

Chongqing battles rising unemployment as China’s traditional industrial base follows nationwide slump

The economy in the landlocked city grew just 6 per cent in 2018, its slowest pace since 1989, falling behind its own 8.5 per cent target

Local government struggling to find jobs for residents and returning migrant workers, who were laid off as the US-China trade war forced factories to downsize

Chongqing needs to create at least 800,000 new urban jobs this year to keep its unemployment rate “within a targeted range”, with a minimum of 600,000.

The official unemployment rate in China’s urban areas was 3.8 per cent at the end of last year, while in a separate survey conducted by the National Bureau of Statistics (NBS), the figure was 4.9 per cent.

However, in figures released by the China Institute for Employment Research at Renmin University, the supply of jobs in major cities in western China, including Chongqing, fell by 77 per cent in the fourth quarter of last year compared to the same period in 2017.

The same research showed the supply of jobs in the east coast region dropped by 36 per cent.

Production in its core car industry fell 17.3 per cent and growth in the electronics sector slowed by 14 per cent last year, the breadth of decline overshadowing the double-digit growth seen by its hi-tech industries.


Source: SCMP

https://www.scmp.com/economy/china-econ ... raditional
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Fri Feb 15, 2019 7:33 am

Surprise spurt in growth

by Avery Chen

China's exports unexpectedly returned to growth in January after a shock decline the previous month, while imports fell much less than had been expected.

But analysts said the strength was likely due to seasonal factors and predicted that renewed trade weakness was ahead.

January exports rose 9.1 percent from a year earlier, customs data showed, defying expectations for a 3.2-percent drop. It was also a marked turnaround from December's 4.4 percent decline.

Imports fell 1.5 percent after forecasts for a 10-percent slide and followed a 7.6 percent drop in December.

China's trade surplus with the United States meanwhile narrowed to US$27.3 billion (HK$212.3 billion) in January from US$29.8 billion in December.

Exports to the United States fell 2.4 percent in January from a year earlier while imports from the United States plunged 41.2 percent.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0215&sid=2
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Tue Feb 19, 2019 7:22 am

It’s time for China to be honest about the poor shape of its economy

The comforting numbers, rose-tinted projections and all-round positive spin that Beijing has been feeding the public have to stop.

The Chinese economy is in trouble and policymakers must take radical action to stop the rot

by David Brown

Source: SCMP

https://www.scmp.com/comment/insight-op ... -shape-its
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Wed Feb 20, 2019 8:32 am

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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Tue Feb 26, 2019 6:43 pm

2019.02.23【文茜世界周報】擺脫貿易戰糾纏 粵廣澳大灣區戰略重新定位
https://www.youtube.com/watch?v=mwNuqxw ... U&index=16
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Tue Mar 05, 2019 12:12 pm

China Has a Dirty $1 Trillion Stimulus Secret
https://www.bloomberg.com/opinion/artic ... emium-asia
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Wed Mar 06, 2019 7:52 am

Six key takeaways from China Premier Li Keqiang’s annual policy blueprint

The government set the economic growth target for 2019 in a range of 6.0 to 6.5 per cent during the opening of the National People’s Congress

Beijing also announced a significant 3 percentage points cut in value-added tax rate for manufacturers to 13 per cent

1. Uncertain outlook
2. Tax cut
3. The elderly and young
4. Defence
5. No ‘Made in China 2025’
6. Debt mountain



Source: SCMP

https://www.scmp.com/economy/china-econ ... ual-policy
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby winston » Fri Mar 08, 2019 7:55 am

China ‘exaggerated’ GDP data by 2 percentage points for at least nine years, new study says

Mainland has overestimated its nominal and real growth rates by about 2 full percentage points on average between 2008 to 2016

Calculations suggest that the current nominal size of the economy is about 18 per cent lower than the official level of US$13.4 trillion at the end of 2018

by Sidney Leng

It also raises questions not only about the quality of economic data from the world’s second largest economy, but also the willingness of the government to take the steps necessary to accurately report information.

It has long been believed that local Chinese officials inflate figures reflecting their economic performance, which is closely tied to their opportunity for promotion.

Local governments have fewer incentives to manipulate VAT revenue, since a large portion of it is eventually transferred to the central government, therefore overstating VAT would only increase fiscal revenue losses.


Source: SCMP

https://www.scmp.com/economy/china-econ ... least-nine
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Re: China - Economic Data & News 16 (May 17 - Dec 18)

Postby behappyalways » Fri Mar 08, 2019 10:36 am

China's Factories Are Struggling to Hire Enough Workers
https://www.bloomberg.com/news/articles ... gh-workers
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