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

[behappyalways]

LVMH's empty Chinese megastore signals deeper luxury crash
https://www.theedgesingapore.com/news/l ... xury-crash

[behappyalways]

Awakening from a big dream, China is in debt, gradually entering Japan-style deflation, and the economy is not in good shape

大夢初醒 中國背債 漸漸步入日本式通縮 經濟不妙 TVBS文茜的世界財經周報 20241103

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

[behappyalways]

China Disappoints With Latest "Bare Minimum" Stimulus As It Waits For Trump Tariffs
https://www.zerohedge.com/economics/chi ... mp-tariffs

[behappyalways]

Winter is coming early?
China’s Double 11 can’t be promoted and buying sentiment is sluggish.
China’s Double 11 shopping sentiment is deserted!
Netizen: It’s been 2 years since I’ve placed an order.
“Taylor Swift” once stood on the stage to sing on Double 11!
The grand occasion is not as good as before.

提前入冬? 中國雙11推不動買氣低迷 中國雙11買氣冷清! 網友: 已2年沒"剁手"下單 "泰勒絲"曾站台雙十一開唱! 盛況大不如前│記者 劉玨妤│國際焦點20241111│三立新聞台

https://m.youtube.com/watch?v=yP7gYvMlSL0

[behappyalways]

"New bank lending in #China tumbled more than expected to a 3-mo low in Oct, as a ramp-up of policy stimulus failed to boost credit demand"
https://x.com/ChinaBeigeBook/status/1856185836988936479


The party is cancelled, the sales volume of Double 11 in China is weak, and the sales volume is low, and the merchants lack interest.
晚會取消 陸雙11聲量弱買氣差 商家興致缺｜TVBS新聞 ‪@TVBSNEWS01‬
https://m.youtube.com/watch?v=S1zpXz-74z8

[behappyalways]

Mainland China’s “Xinjiang policy = genocide”?
Yang Rongwen “gives an example” and the whole audience laughed...
每日必看】大陸"新疆政策=種族滅絕"? 楊榮文"舉一例"全場笑了... 20241112
https://m.youtube.com/watch?v=jhAgu3eoBcc


The Double 11 party in China has been suspended.
Online gas purchases have stalled, but physical gas purchases have increased.
陸雙11晚會停辦.網路買氣熄火 實體反增溫｜方念華｜FOCUS全球新聞 20241112 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=JjoDkAIJEXw


China's Foreign Direct Investment Set For First Negative Year In History
https://www.zerohedge.com/markets/china ... ar-history

[behappyalways]

Indiscriminate killing. Nearly 80 casualties!
Random collision of SUVs on the eve of the Zhuhai Air Show

無差別殺人.近80死傷!珠海航展前夕 休旅車隨機衝撞｜方念華｜FOCUS全球新聞 2024111

https://m.youtube.com/watch?v=lRU81SPZiOY

[behappyalways]

A replica of the Zhuhai collision?
Jiangsu vocational school graduates were stabbed indiscriminately on campus, resulting in 25 casualties.

珠海撞人翻版? 江蘇職校畢業生校內無差別狂砍.釀25死傷｜方念華｜FOCUS全球新聞 20241118 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=mc2CcGhKqOU

[winston]

China tells local funds to stop buying LGFV bonds via Hong Kong link

CHINA has effectively banned domestic investors from buying offshore yuan bonds issued by local government financing vehicles through its trading link with Hong Kong.

Dim sum bonds have attracted strong demand in recent years given their typically higher yields than those onshore, where Beijing’s monetary easing has pushed down borrowing costs.

It also comes after Beijing gave local governments a 10 trillion yuan (S$1.8 trillion) lifeline earlier this month to swap hidden debt that is mostly owed by LGFVs.

Officials said earlier this month that the outstanding value of hidden local debt was 14.3 trillion yuan as of the end of 2023, far short of the International Monetary Fund’s estimate of at about 60 trillion yuan.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... -kong-link

[behappyalways]

Zhuhai man hit and killed 35 people, a desperate and crazy incident amid the Chinese economic tragedy
珠海男子撞死35人事件 中經濟悲歌下絕望瘋狂事件 TVBS文茜的世界周報 20241117
https://m.youtube.com/watch?v=D8lmsib_7Bo


The high-speed rail project materials will rot as soon as they are torn!
The construction unit was caught and furious, and a Lu official media reporter was beaten and bloodied
高鐵工程材料一撕就爛!施工單位被抓包暴怒 陸官媒記者遭毆濺血 ｜TVBS新聞 ‪@TVBSNEWS02
https://m.youtube.com/watch?v=tbOgaUOx6Vg


‘So horrible’: Fashion e-retailers complain about high parcel return rates after Singles’ Day sale
https://www.channelnewsasia.com/east-as ... ng-4754191