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

[behappyalways]

A survey in September of >1,200 companies in #China by @ChinaBeigeBook
found that corporate borrowing declined, despite historic lows in the costs to do so."
https://x.com/ChinaBeigeBook/status/1840099745026433190

[behappyalways]

Once a way out for middle-aged unemployed, Chinese food delivery riders.
The number of online ride-hailing drivers has surged
曾是中年失業出路 中國外賣騎手.網約車駕駛人數暴增 TVBS文茜的世界財經周報 20240929
https://m.youtube.com/watch?v=eqgmWfJYI-


1.9 billion people travel in seven days!
During the National Day holiday, air tickets and accommodation prices do not increase but decrease by 20%
七天19億出遊!陸十一長假 機票住宿價格不增反減兩成｜方念華｜FOCUS全球新聞 20241002 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=kKNcE2bL0pc

[winston]

Chinese credit card delinquencies on the rise

by Cici Cao

Chinese banks saw rising delinquencies on credit cards in the first half of the year with the Industrial and Commercial Bank of China's (1398) rate exceeding 3 percent.

Thirteen of 16 listed banks reported an increase in credit cards delinquency rates, mainland media reports said.

Among the major state-owned banks besides ICBC, Bank of Communications (3328) reported a credit card non-performing loan ratio of over 2 percent.

China Construction Bank's (0939) credit card NPL ratio, Postal Savings Bank of China's (1658) credit card overdraft and other NPL ratio, and Bank of China's (3988) credit card impaired loans were all more than 1 percent, according to the reports.

However, all the banks have different standards on how they report credit card non-performing rates and ratios.

Source: The Standard

https://www.thestandard.com.hk/section- ... n-the-rise

[winston]

The Problem With China’s Stimulus Deal (Trouble for the U.S.)

by Shah Gilani

Let us count the ways China is in trouble…
1. Exports have slowed
2. Domestic demand and consumption isn’t expanding.
3. Consumer spending has been declining
4. A prolonged downturn in the real estate sector has led to defaults
5. High levels of corporate and local government debt pose risks to financial stability
6. Slowdowns in major global economies and reduced demand for exports
7. Ongoing supply chain issues
8. Increased regulation in many sectors, particularly technology and education
9. An aging population and declining birth rates are leading to a shrinking workforce,
10. Heightened tensions with other countries, especially the U.S

As far as Chinese stocks soaring thanks to short-term buying schemes, enjoy the ride while it lasts.

Source: Total Wealth

https://dailytradealert.com/2024/10/07/ ... r-the-u-s/

[behappyalways]

Choose gold jewelry, shop for home furnishings and buy new cars.
Lu’s consumption is booming on November 1, but Hong Kong’s retail sales are miserable.

選金飾.逛家居.買新車 陸十一消費旺.港零售慘｜方念華｜FOCUS全球新聞 20241004 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=ad7kImY6RUc

[behappyalways]

Travel, look at houses and open an account!
Lu Shiyi collects fake goods.
Retail investors hope that A shares will follow the lead of Hong Kong stocks.

旅遊.看房.搶開戶! 陸十一收假.散戶盼A股跟進港股｜方念華｜FOCUS全球新聞 20241007 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=Y0aVgY6t1nQ

[behappyalways]

Epic bailout: The crisis is too large and too small. Has Beijing failed to rescue the economy?

史詩般救市 危機太大規模太小 北京救經濟敗了？ TVBS文茜的世界財經周報 20241013

https://m.youtube.com/watch?v=sg-UT5LDX9I

[behappyalways]

*CHINA SEPT. CONSUMER PRICES RISE 0.4% Y/Y; EST. +0.6%
*CHINA SEPT. PRODUCER PRICES FALL 2.8% Y/Y; EST. -2.6%
https://x.com/zerohedge/status/1845275958523072565


China QE Next? Caixin Reports Massive Bond Issuance Imminent
https://www.zerohedge.com/markets/china ... e-imminent

[behappyalways]

Mainland China is facing a deflation dilemma?
It cannot effectively stimulate the economy and people's consumption power has been greatly reduced.
中國大陸面臨通縮窘境?無法有效刺激經濟 民眾消費力大減 ｜十點不一樣20241016
https://m.youtube.com/watch?v=HpyqOa-RRl0


Are economic figures flooding the market?
China is quietly waiting for the United States to explode!
24.10.16【豐富│東南西北龍鳳配】Pt.2 經濟數字灌水？中國靜靜等美國自爆！
https://m.youtube.com/watch?v=cXksVwFd9pM

[behappyalways]

"China's" debt repayment integrity, the West does not respect martial ethics?! Global public debt "France" exploded first?!｜錢麗如｜FOCUS全球新聞 20241018 ‪@tvbsfocus‬

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