China - Economic Data & News 21 (Aug 23 - Jul 24)

[behappyalways]

Consumption is downgraded.
Domestic demand is insufficient.
The mainland market is tightening.
Chinese and foreign companies are cutting prices and getting involved.

消費降級.內需不足 陸市場緊縮時代.中外企降價內卷｜方念華｜FOCUS全球新聞 20240619 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=MNN-Fbxe_Lo

[winston]

Foreign Direct Investment

In the latest negative sign for the world’s second largest economy, foreign direct investment dropped 28.2 per cent in the January-to-May period from a year ago, accelerating from a 27.9 per cent decline in the previous four months, according to official data released on Friday night.

Source: SCMP

[behappyalways]

China’s financial elite face US$400,000 pay caps, bonus clawbacks
https://www.theedgesingapore.com/news/c ... -clawbacks


China expels former defence minister from party on corruption
https://www.theedgesingapore.com/news/c ... corruption

[behappyalways]

China’s Communist Party projected to hit 100 million members
https://m.youtube.com/watch?v=jYrS7_s01m4

[behappyalways]

Online shopping is integrated into life!
Mainland consumers love to buy domestic products and seniors are also following the trend
網購融入生活! 陸消費者愛買國貨 銀髮族也跟上大潮｜方念華｜FOCUS全球新聞 20240702 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=Cn28-RLo6-M


Looking for alchemy from the Buddha?
It is said that the Shanghai government "borrowed 44.8 billion from the temple for turnover" and is in economic trouble!
Shanghai is left to support itself.
It is said that Beijing's finances cannot make ends meet.
找佛祖化緣? 傳上海政府"向寺廟借448億週轉" 經濟困境! 剩上海能養活自己 傳北京財政入不敷出│記者 謝廷昊│【國際焦點】20240703│三立新聞台
https://m.youtube.com/watch?v=2WlwL009oc4

[behappyalways]

Xi Jinping visits Kazakhstan to win over Central Asia and talks with Putin again after seven weeks, attracting attention

習近平訪哈薩克拉攏中亞 與普欽隔七周再面談引關注｜方念華｜FOCUS全球新聞 20240703 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=18dFUIGT9bg

[behappyalways]

Inside The Chinese Money-Laundering Network Fueling America's Fentanyl Crisis
https://www.zerohedge.com/geopolitical/ ... nyl-crisis

[behappyalways]

Energy demand in China has increased rapidly over the last few decades due to rising incomes and industrialization.
https://x.com/OurWorldInData/status/1807750728598847929

[winston]

Lay-offs by China’s top firms in key industries show unemployment biting through economic turmoil

A Post review of 23 annual reports from leading Chinese firms found that more than half downsized last year, while others slashed staff-related expenses

by Alice Li

Amid China’s ongoing economic struggles, unemployment remains a headache for Beijing.

Broad lay-offs across major Chinese sectors illustrate how the nation’s economic slowdown is taking a toll on its workforce – with key industry players almost universally reducing headcounts and slashing salaries.

Source: SCMP

https://www.scmp.com/economy/economic-i ... pe=article

[behappyalways]

US-bound with risks and dreams, the 'border crossers' from China
https://m.youtube.com/watch?v=rd71c3i98jg


Extreme climates of drought and floods intensify!
Dongting Lake collapses its embankments, leaving fertile farmland and houses in ruins
旱澇極端氣候加劇!洞庭湖潰堤 良田房屋淪澤國｜方念華｜FOCUS全球新聞 20240708 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=b18l7b7cmmw