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

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

Postby behappyalways » Fri May 03, 2024 9:37 am

China and Hong Kong go all out to attract tourists during the May Day holiday to stimulate consumption and save the economy

五一小長假 中港全力吸客.刺激消費救經濟|方念華|FOCUS全球新聞 20240501 @tvbsfocus

https://m.youtube.com/watch?v=zJgj4Ae7vVU
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Re: China - Economic Data & News 20 (Nov 22 - Dec 24)

Postby winston » Thu May 09, 2024 7:25 am

China’s factory glut alarms the world but there’s no quick fix

The solar panel industry is one case where there’s a glut, after a massive expansion led to a price war and a collapse in profitability.

Growing number of idle factories which used to make petrol cars and got caught out by China’s rapid switch to EVs.

There are only a few ways companies can deal with it: they can under-utilise their production capacity, keep goods in inventories, export more or import less.
.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... -quick-fix
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Global Economic Data & News 03 (May 22 - Dec 24)

Postby behappyalways » Sun May 12, 2024 2:40 pm

Putin visits China! Isn’t Xi Jinping tired?

24.05.06【觀點│正經龍鳳配】Pt.3 普丁訪中!習近平不累嗎?

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

Postby winston » Mon May 13, 2024 7:29 am

China's credit shrinks for the first time

China's credit in April shrank for the first time as government bond sales slowed, while loan expansion was worse than expected in a sign of weak demand.

Aggregate financing, a broad measure of credit, fell by almost 200 billion yuan (HK$216.25 billion) in April from the previous month, according to Bloomberg calculations of data released by the People's Bank of China.

That's the first time the measure has declined since comparable data began in 2017, reflecting a contraction in financing activity.

Looking back further, using a smaller data set that excludes things like government funding, it was the first decrease since October 2005, according to Bloomberg Economics.

A breakdown of the data shows that more government bonds were repaid than sold in the month, contributing to the decline.

Financing from shadow banking - which refers to activities outside the formal banking system - also recorded a drop, weighing on overall credit.

Financial institutions offered 731 billion yuan of new loans in April, lower than a projected 916 billion yuan. The year-on-year growth rate of outstanding loans edged down to 9.1 percent from 9.2 percent in March.

"The volatility in this month's data is tolerable because the government will issue ultra-long government bonds soon, so credit expansion in May and June may make up for it," said Bruce Pang, chief economist for Greater China at Jones Lang LaSalle.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... first-time
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Re: China - Economic Data & News 20 (Nov 22 - Dec 24)

Postby winston » Tue May 14, 2024 8:05 am

China selling 40 billion yuan of 30-year bonds

China will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds this week, as officials ramp up efforts to support the world’s No. 2 economy.

The central government will begin a flurry of such sales by issuing 40 billion yuan of 30-year bonds on Friday, according to a notice by the Ministry of Finance.

That ended months of speculation over when the bonds—the fourth of their kind in 26 years—would be rolled out, after a broad plan was announced in March.

Chinese leader Xi Jinping has been stepping up fiscal support to help the economy, which is facing pressure from a housing crisis and weak consumer confidence.

Source: Bloomberg
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Re: China - Economic Data & News 20 (Nov 22 - Dec 24)

Postby behappyalways » Tue May 14, 2024 7:44 pm

China's Broadest Credit Metric Just Turned Negative For The First Time Since 2005
https://www.zerohedge.com/markets/china ... -time-2005


As the EU hardens its line on Chinese overcapacity, helpful context from
@JDMayger
on what Beijing is willing to do to address the glut- in short, not much. That's because high-tech industries like EVs and solar are key to Xi's economic revival blueprint
https://twitter.com/HaidiLun/status/1788372160630947918


"Corporate borrowing fell, despite loan rejections plummeting and interest rates falling. Beijing is trying to encourage borrowing to at least hold steady, and it’s not working."
https://twitter.com/shehzadhqazi/status ... 1777257625
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Re: China - Economic Data & News 20 (Nov 22 - Dec 24)

Postby behappyalways » Fri May 17, 2024 1:21 pm

Customer = You are stuck!
The boss lady in Yiwu, Zhejiang does global business and studies English every morning

Customer=卡死你們!浙江義烏做全球生意 老闆娘每天晨讀學英文|TVBS新聞

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

Postby behappyalways » Sun May 19, 2024 11:36 am

Chinese FX Outflows Soar To Highest Since 2015 Devaluation, Priming Next Bitcoin Surge
https://www.zerohedge.com/markets/chine ... coin-surge


The number of registered companies data used to be a good indicator of China’s private economy strength. But now it’s KPI for local government officials, then fraud becoming prevalent.

News of village people ID stolen to be registered with private companies.
https://x.com/liqian_ren/status/1790943321394708870



China sold $53.3 billion of US treasuries & agency debt in Q1.

We also know they bought a record amount of gold!

Sold treasuries to buy gold….
https://x.com/AyeshaTariq/status/1791040191429284132
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Re: China - Economic Data & News 20 (Nov 22 - Dec 24)

Postby behappyalways » Tue May 21, 2024 6:38 pm

Even if you sell your real estate like crazy, you can’t escape!
Wanda Group was forced to enforce the law by the court.
The former richest man in China suffered a tragic fall and Wang Jianlin’s assets were reduced by more than 70%.

狂賣房產也難逃! 萬達集團遭法院強制執行 昔日中國首富慘摔 王健林資產減少逾7成│記者 黃瓊慧│【國際大現場】20240519│三立新聞台

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Global Economic Data & News 03 (May 22 - Dec 24)

Postby behappyalways » Sun May 26, 2024 11:47 am

The closest moment of Russia-China relations but Xi Jinping drew a red line and refused to sell Russian arms

俄中關係最密切的一刻 但習近平畫下紅線 不賣俄軍火 TVBS文茜的世界財經周報 20240519

https://m.youtube.com/watch?v=M-8x-dYXl_w
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