China - Economic Data & News 12 (Jul 15 - Nov 15)

China - Economic Data & News 12 (Jul 15 - Nov 15)

Postby behappyalways » Fri Jul 17, 2015 12:59 pm

Terrified of returning to Xinjiang

http://www.aljazeera.com/blogs/asia/201 ... 27207.html


This 100-year-old Chinese woman has just learned how to write her name
http://edition.cnn.com/2015/07/16/asia/ ... index.html
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby behappyalways » Fri Jul 17, 2015 2:52 pm

If China Isn't a Global Risk, What Is?
http://www.bloombergview.com/articles/2 ... k-what-is-
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby behappyalways » Sat Jul 18, 2015 1:46 pm

China’s economic data: Right on target

Is growth really 7% a year?


IT ALL seems a little too perfect to be true. The Chinese government set a growth target of “about 7%” this year; the economy, ever responsive to the Communist Party’s needs, has hit exactly that number for two quarters in a row. Cue a chorus of scepticism.

The first quarter did look suspicious. Growth in industrial production was the weakest since the depths of the financial crisis; the property market, a pillar of the economy, crumbled. China reported real growth (ie, after accounting for inflation) of 7% year on year in the first quarter, but nominal growth of just 5.8%.

The only way to arrive at the higher real figure was to put the GDP deflator, a measure of inflation, at -1.1%. That implied the economy suffered broad-based deflation, a bizarre claim given that consumer prices rose by more than 1% at the same time.

Had the GDP deflator been more accurate, Chang Liu and Mark Williams of Capital Economics reckon, real growth in the first quarter would have been one or two percentage points lower.

The data for the second quarter are more credible. In nominal terms, growth rebounded strongly to 7.1%. The corollary is that the GDP deflator is now 0.1%, a reading that is much more consistent with rising consumer prices and falling producer prices.

There were signs of some tampering: without explanation, the national bureau of statistics cut the quarter-on-quarter growth rate in the second quarter of 2014 to 1.9% from 2%. That doubtless flattered the data for the second quarter of this year by lowering the base for comparison. But the impact is small: a few tenths of a percentage point, perhaps.

What is more, the sources of Chinese growth in the second quarter were less mysterious than in the first. Although investment continued to slow, services accelerated. Industry grew by 5.9% year on year in the second quarter, down from 6.4% in the first quarter. In contrast, services jumped to 8.9% growth from 7.9% in the first quarter. That matters since services now account for a larger share of Chinese GDP than industry.

This acceleration in services is unlikely to last. It derives to a large extent from the soaring stockmarket, which boosted financial firms. That lift has presumably become a drag in recent weeks as share prices have dived. Transient as it was, however, China’s statisticians did not invent the financial boom.

Source: The Economist
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby winston » Sun Jul 19, 2015 7:11 am

‘Benefits of Smog’ and 10 Other Absurd Claims by China’s Propaganda Machine

By Irene Luo

Source: Epoch Times

http://www.theepochtimes.com/n3/1465249 ... campaign=8
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby behappyalways » Sun Jul 19, 2015 10:44 am

Manufacturers' debts are increasingly dwarfing their profits. The Thomson Reuters study found that in 2010, materials companies' debts were 2.8 times their core profit. At end-2014 they were 5.3 times. For energy companies, indebtedness has risen from 1.1 to 4.4 times core profit. For industrials, from 2.5 to 4.2.

Manage, meddle or magnify? China's corporate debt threat
http://finance.yahoo.com/news/manage-me ... 19507.html
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby winston » Tue Jul 21, 2015 6:56 am

Debt fears for firms

Beijing may have averted a crisis in its stock markets with heavy-handed intervention, but the world's biggest corporate debt pile US$16.1 trillion (HK$125.58 trillion) and rising is a much greater threat to its slowing economy that will not be so easily managed.

Corporate China's debts, at 160 percent of GDP, are twice that of the United States, having sharply deteriorated in the past five years, a Thomson Reuters study of over 1,400 companies shows.

And the debt mountain is set to climb 77 percent to US$28.8 trillion over the next five years, according to estimates by credit rating agency Standard & Poor's.

Beijing has cut interest rates four times since November, reduced the level of reserves banks must hold and removed limits on how much of their deposits they can lend.

Though it wants more of that credit going to smaller companies and innovative areas of the economy, such measures are blunt instruments.

China's banks made 1.28 trillion yuan (HK$1.6 trillion) in new loans last month, well up on May's 900.8 billion yuan.

There is little evidence, however, that loans are being used for profitable investment in the real economy, where long- term borrowing costs remain high, and banks are reluctant to take risks.

Rapid debt growth, opacity of risk and pricing and very high debt to GDP are a hazardous combination, Standard & Poor's says. It took an unprecedented series of measures to arrest the plunge in China's stock markets.

Source: REUTERS
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby behappyalways » Tue Jul 21, 2015 4:25 pm

開除黨籍公職 罪名嚴重超周永康
令計劃涉七宗罪 移送司法
http://hk.apple.nextmedia.com/internati ... 1/19226874
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby winston » Tue Jul 21, 2015 8:52 pm

What Will Become Of China's Ghost Cities?

http://www.forbes.com/sites/kenrapoza/2 ... 20Campaign
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby behappyalways » Wed Jul 22, 2015 11:58 am

手握習近平王岐山醜聞
令計劃弟或爆政治核彈報復
http://hk.apple.nextmedia.com/internati ... 2/19227668

behappyalways wrote:開除黨籍公職 罪名嚴重超周永康
令計劃涉七宗罪 移送司法
http://hk.apple.nextmedia.com/internati ... 1/19226874
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Re: China - Economic Data & News 11 (Mar 15 - Dec 15)

Postby behappyalways » Wed Jul 22, 2015 12:05 pm

全球富豪大逃亡
邊個國家走得最瘋狂?
http://hk.apple.nextmedia.com/financees ... 1437465548
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