China - Economic Data & News 18 (Jun 20 - Dec 21)

[winston]

Mainland consumption still short of pre-pandemic levels

by Christine Peng

Mainland consumer sentiment has not yet returned to pre-pandemic levels as wage growth rebounded by an average of 6 percent, which is still below the 2019 level, said Christine Peng, head of Greater China Consumer Sector at UBS.

Due to the recurrent waves of Covid-19, the service sector has been slow to recover and consumption may not return to pre-pandemic levels until the second half of next year, she added.

However, she believes that consumption is still the main driver of China's economy and will account for an even higher proportion of the economy in the future as China's city cluster plan could drive consumption upgrade in lower-tier cities.

Source: The Standard

https://www.thestandard.com.hk/breaking ... mic-levels

[behappyalways]

奔向共同富裕 中國"劫富濟貧"政策惹爭議 TVBS文茜的世界財經周報 20210905 X 富蘭克林‧國民的基金
https://m.youtube.com/watch?v=3zZAjPuH1fs

[behappyalways]

Small businesses in China's Xian still struggling a year after controlling Covid-19 pandemic
https://m.youtube.com/watch?v=Ni7JwgfMuAc

[behappyalways]

中國邁向新的百年征程 群眾路線的緊縮管控 TVBS文茜的世界財經周報 20210912 X 富蘭克林‧國民的基金
https://m.youtube.com/watch?v=PIRnEMc3jpo

[winston]

China unemployment: Beijing’s regulatory crackdowns pose yet another hurdle for young urban jobseekers

15.3 per cent unemployment rate among 16- to 24-year-olds in Chinese cities is three times as high as the overall national average of 5.1 per cent

High jobless rate in the young workforce seen persisting as millions of fresh grads vie for employment, while one popular sector – tutoring – has basically been wiped out

by Frank Tang

Source: SCMP

https://www.scmp.com/economy/china-econ ... s-pose-yet

[behappyalways]

習近平三訪陜西 老革命基地宣揚紅色傳承 TVBS文茜的世界財經周報 20210919 X 富蘭克林‧國民的基金
https://m.youtube.com/watch?v=Lk8pV3B1qJ4

[winston]

China debt concerns mounting as Beijing shifts attention to hidden local government financing

Beijing has tightened its supervision over local government financing vehicles (LGFVs) to control the flow of funding

This has increased concerns whether local governments can find enough funds to repay their debts, which have been rising over the years

by Amanda Lee

Source: SCMP

https://www.scmp.com/economy/china-econ ... ion-hidden

[behappyalways]

中國劇變中 共同富裕是"共產"還是"經濟轉型"? TVBS文茜的世界財經周報 20210925 X 富蘭克林‧國民的基金
https://m.youtube.com/watch?v=bHW58bWItoM


中國反壟斷法已授權中共監管阿里巴巴等 TVBS文茜的世界財經周報 20210925 X 富蘭克林‧國民的基金
https://m.youtube.com/watch?v=2Xw9cE_r1ns

[winston]

China Power Crunch Is Next Economic Shock After Evergrande

The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions.

It’s coming first to the country’s mammoth manufacturing industries: from aluminum smelters to textiles producers and soybean processing plants, factories are being ordered to curb activity or -- in some instances -- shut altogether.

Almost half of China’s regions missed energy consumption targets set by Beijing and are now under pressure to curb power use. Among the most affected are Jiangsu, Zhejiang and Guangdong -- a trio of industrial powerhouses that account for nearly a third of China’s economy.

President Xi Jinping tries to ensure blue skies at the Winter Olympics in Beijing next February.

Severe shortage of coal and gas -- used to heat homes and power factories -- this winter.

Source: Bloomberg News

https://finance.yahoo.com/news/china-po ... 00280.html

[winston]

China electricity shortage: industrial production grinds to halt and traffic lights fail amid rationing

Half of China’s provincial jurisdictions mandate rationing of electricity but poor communication and unclear timeline leave angry public in the dark

One local government warns that entire power grid at risk of collapse if electricity is not rationed

by Orange Wang

Source: SCMP

https://www.scmp.com/economy/china-econ ... e=homepage