China - Economic Data & News 22 (Jul 24 - Dec 25)

[behappyalways]

Kneeling triggers street protests among delivery workers, clashes with police
下跪引爆外送員街頭抗爭 與警發生衝突｜TVBS新聞
https://m.youtube.com/watch?v=jwvvzn0ZRNc


Incredible. China's bond yields are hitting record lows as confidence in their struggling economy drops
https://x.com/Mayhem4Markets/status/1822597369474535499

[behappyalways]

TikTok Algorithms Actively Suppress Criticism of Chinese Regime, Study Finds
https://www.zerohedge.com/technology/ti ... tudy-finds

[behappyalways]

Is the wind changing?
The Economist and Bloomberg become "China optimists".
Chen Fengxin observes two indicators and is optimistic about mainland China's economy.

風向變？經濟學人、彭博成「中國樂觀派」 陳鳳馨觀察兩指標看好中國大陸經濟【#風向龍鳳配】

https://m.youtube.com/watch?v=6WvINNQZ6gU

[behappyalways]

Engineer turns into a delivery boy!
"Retrograde Life" is a hot box office hit in mainland China, reflecting the economic reality
工程師變外送員!《逆行人生》陸票房熱賣 反映經濟現實｜李作珩｜FOCUS全球新聞 20240815 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=SxCiLVQ6gSY


FDI into #China fell sharply in Q2 and hit a record-weak -$15bn, meaning that direct foreign investors withdrew money from China.
https://x.com/ExanteData/status/1823001240378216878


German direct investment into #China has risen sharply this yr, a sign cos are ignoring pleas to diversify into other, less geopolitically risky markets.
https://x.com/ChinaBeigeBook/status/1823338719736135701

[behappyalways]

In the first 7 months of 2024, China's trade surplus with the rest of the world is the largest EVER. Big shift up in this surplus since COVID, which is only getting worse. Lots of talk about Western decoupling from China, but that's just talk. China is exporting more than ever...
https://x.com/robin_j_brooks/status/1822601401752527343


While everyone's focused on the US, here's some ugly loan data coming out of China.
https://x.com/AyeshaTariq/status/1823432772318601361

[behappyalways]

The labor market is sluggish, the unemployment rate remains high and "unfinished babies" are forced to lie down and gnaw at their old age.

劳动市场低迷 失业率居高不下 “烂尾娃”被迫躺平啃老 | 新闻报报看 23/08/2024

https://m.youtube.com/watch?v=FqDf0KnHAAY

[behappyalways]

At least 26 high-speed rail stations in mainland China are abandoned and idle.

中國大陸至少26個高鐵站荒廢閒置 星媒直擊「幽靈車站」｜TVBS新聞

https://m.youtube.com/watch?v=f3QKeveKxbY

[behappyalways]

Is China a black myth? Everyone is Sun Wukong!

24.08.22【觀點│正經龍鳳配】Pt.1 中國就是黑神話？人人都是孫悟空！

https://m.youtube.com/watch?v=pq2RrM6YsLQ&t=230s

[behappyalways]

Mainland China's high-end restaurants are withdrawing from business
中國大陸高級餐廳退場潮 上海外灘法餐倒閉傳欠薪｜TVBS新聞
https://m.youtube.com/watch?v=06eM6KHnm7I

Mainland China's consumption downgrades Din Tai Fung and Hou Buchong turns off the lights to attract foreign tourists. Year-on-year growth quadruples
中國大陸消費降級 鼎泰豐.侯布雄熄燈 吸外國客.年增四倍 ｜方念華｜FOCUS全球新聞 20240828 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=ITUEcDjO31s

[winston]

Chinese tycoons are using stock to borrow from private lenders as bank liquidity dries up

With Fed easing imminent, ‘clients are once again comfortable using their stocks as collateral for project funding’, HSBC executive says

by Aileen Chuang

Facing liquidity challenges, affluent people in Hong Kong and mainland China are increasingly turning to private lenders and using stocks as collateral for borrowing.

As public capital markets have yet to fully recover, traditional banks remain cautious about lending.

Meanwhile, property market woes continue, leaving stocks as the best collateral option for some ultra-high-net-worth individuals (UHNWIs) to generate liquidity.

Source: SCMP

https://www.scmp.com/business/banking-f ... pe=section