China - Economic Data & News 20 (Nov 22 - Aug 23)

[behappyalways]

Interpol abused by China to arrest overseas dissidents

國際刑警組織 遭中國濫用逮海外異議份子｜方念華｜FOCUS全球新聞 20230721@tvbsfocus

https://m.youtube.com/watch?v=mdIXxi-1NpU

[behappyalways]

Housing market downturn;
Youth unemployment rate soars;
Daily assessment: China's economy is slowing down

房市低迷青年失業率飆升 日評估中國經濟正在放緩 TVBS文茜的世界財經周報 20230723 X SHARP

https://m.youtube.com/watch?v=g77UW5d2A-0

[winston]

China Politburo Shifts Stance on Property, Keeps Fiscal Language

Source: Bloomberg

https://www.bloomberg.com/news/articles ... #xj4y7vzkg

[winston]

China addresses investor concerns in meeting with global funds

CSRC met some global venture capital and private equity firms to hear their concerns about investment in the country eg. HongShan – formerly known as Sequoia Capital China, GIC, Warburg Pincus, Temasek etc.

Source: Business Times

https://www.businesstimes.com.sg/intern ... obal-funds

[winston]

UBS: CCP Politburo Meeting Sends Broadly Positive Signals; Internet, Insurers, Sportswear Favored

UBS released a report on the Politburo Meeting of the CCP Central Committee yesterday.

UBS believed the Meeting's messages on supporting economic growth, promoting private sector investment and boosting investor confidence, were generally favourable to market sentiment, bringing broadly positive signals as the market's earlier policy expectations were relatively modest.

The broker however noted that investors would likely need to see a more detailed implementation plan before taking action.

The broker remained optimistic about the outlook for the MSCI China Index, and favoured sectors including Internet, major appliances, beer, sportswear, leisure and insurance.

UBS viewed that the State Council has laid a positive tone for private enterprises as it outlined the need to promote a better business environment and accelerate cash payments to them.

Meanwhile, the intention to promote the healthy development of the digital and platform economy continues to reinforce the bank's top preference for the Internet sector.

News on boosting consumption in major items such as automobiles, electronics and household goods, as well as sports and entertainment spending, was also reassuring.

While consumption recovery may lag behind the broader economic recovery, the broker continued to see attractiveness in specific consumer sectors on the mainland, given subdued valuations.

UBS highlighted the absence of any further mention of "housing for living, not for speculation", which could potentially be bullish for the real estate sector.

At the same time, the authorities' plan to increase international flights is potentially positive for outbound travel-related industries, while their promotion of developing advanced industries, such as AI, would benefit advanced manufacturing, software, and other AI-related sectors.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[behappyalways]

Qin Gang inexplicably "disappeared" for a month, the British Foreign Secretary postponed his visit to China

秦剛莫名「消失」1個月 英外相暫緩訪中｜方念華｜FOCUS全球新聞 20230724@tvbsfocus

https://m.youtube.com/watch?v=2lfiDxavBdc

[behappyalways]

Wang Yi returned to the post as foreign minister! Qin Gang resigned in less than 7 months and Xi's appointment was questioned

王毅回鍋任外長!秦剛不到7個月就去職 習人事任用遭質疑｜方念華｜FOCUS全球新聞 20230726@tvbsfocus

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

[behappyalways]

Housing market, stock market, local debt! Test Xi Jinping!

23.07.25【豐富│東南西北龍鳳配】Pt.1 房市、股市、地方債！考驗習近平！

https://m.youtube.com/watch?v=DZGFCufI2A4

[winston]

How China’s hidden debt risk ‘comes from its system’, and why local governments are beholden to Beijing

China’s zero-Covid policies and post-pandemic push for self-sufficiency, have strained finances at local levels, pushing debt sky high this year, with little help from the central government

Some say Beijing is reluctant to change China’s fiscal structure because it gives leaders greater financial control over the provinces

by Amanda Lee

Source: SCMP

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

[behappyalways]

Health. Gossip. Espionage case. Qin Gang's dismissal hurts Xi Jinping the most! ?
健康.緋聞.間諜案 秦剛被免職最傷的還是習近平！？| 金臨天下 20230726
https://m.youtube.com/watch?v=W1I-tCfO5y0


Rumors about having a child outside marriage: China's foreign minister has been in hiding for a month
婚外生子流言蜚語 中國外長神隱一個月 TVBS文茜的世界周報-亞洲版 20230729 X SHARP
https://m.youtube.com/watch?v=sZ7aa4yhmxY