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

[behappyalways]

China and Hong Kong are depressed!
Hunan clashes and attacks again, Hong Kong severely sentences 45 pro-democracy activists
中港鬱悶! 湖南又衝撞攻擊 港重判民主派45人｜方念華｜FOCUS全球新聞 20241119 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=NwL6B2hM3dM

100,000 people watch it while sleeping!
Lu hairdresser Li Xiaohua drives 500 million consumption
睡覺10萬人看! 陸美髮師李曉華帶動5億消費｜TVBS新聞 ‪@TVBSNEWS01‬
https://m.youtube.com/watch?v=sfJLK0_Jan8

[behappyalways]

Four indiscriminate attacks in mainland China kill 43, high youth unemployment rate is the root cause

大陸四起無差別攻擊43死 青年高失業率埋禍根｜十點不一樣20241120

https://m.youtube.com/watch?v=qOsm4_t4E5g

[behappyalways]

The recession is in the cold winter!
Shanghai companies cannot pay out money and employees are "tyrannizing and begging for wages".
China urgently shouts: Fake news!
There is a plan to tell the truth about employees' bullying.
景氣寒冬! 上海企業發不出錢 員工"霸路討薪" 中國急喊:假新聞! 員工霸路有圖有真相│記者 劉玨妤│國際焦點 20241124│三立新聞台
https://m.youtube.com/watch?v=McuCRYHkqiQ


Many stores in Guangdong, China, are closed due to evading central security checks.
Merchants posted funny reasons for closing, saying, "The couple had a quarrel. Take two days off."
躲避中央安檢 中國廣東多地店家全歇業 商家貼搞笑原因關門 稱"夫妻吵架.休兩天"│記者 姚懷真 │國際焦點20241124│三立新聞台
https://m.youtube.com/watch?v=NN6nTiDlAHs

[behappyalways]

Japan beckons! China and mainland China expand visa-free access to 36 countries, but safety scares away tourists
招手日本! 陸單方免簽增至36國 惟安全嚇退遊客｜方念華｜FOCUS全球新聞 20241125 ‪@tvbsfocus
https://m.youtube.com/watch?v=V2YPB1UWNMc

Consumption is hard to revive. Involution is serious!
Is Starbucks preparing to withdraw its “trading shares” from China?
消費難振.內捲嚴重！美星巴克"傳賣股"準備撤中？謝金河:羅智先2017神交易｜非凡財經新聞｜20241122
https://m.youtube.com/watch?v=H0xVBdBRaQQ

Hairy crabs are too expensive!
China is trying to eat "leftover crabs" for cabbage prices.
The economy is in a slump!
The cost of raising crabs in China is high. Eat "leftover crabs" to save money.
大閘蟹太貴! 中國掀吃"殘蟹"只用白菜價 經濟低迷! 中國養蟹成本高 吃"殘蟹"省荷包│國際焦點20241121│三立新聞台
https://m.youtube.com/watch?v=pAVN_V1SE_I

[winston]

China needs US$1.4 trillion to boost domestic consumption amid impending ‘trade war 2.0’

by Cao Li

China might need an additional 10 trillion yuan (US$1.4 trillion) to lift domestic consumption to restore investors’ confidence, according to HSBC Asset Management’s investment outlook for 2025.

With another trade war looming with the US and a property sector that is showing no signs of a revival, China will need to seek growth by boosting domestic demand, said Caroline Yu Maurer, head of China and core Asia equities.

She said 10 trillion yuan would be sufficient to stimulate consumer spending and restore investor confidence in Chinese stocks, adding that the cash injection does not have to happen in one go or in one year, but investors would like to see a path to get there.

Source: SCMP

https://www.scmp.com/business/china-bus ... pe=section

[winston]

Potential Stimulus

UBS estimates China needs at least 15 trillion yuan for debt swaps to rescue local governments between 2025 and 2028 and expects the central government to grant 1 trillion yuan for the state-owned banks' capital replenishment plan, which could boost liquidity.

The Swiss bank expects China's gross domestic product to grow by 4.8 percent this year, slightly lower than the central government's target of 5 percent.

HSBC Asset Management predicts the country needs an additional 1 trillion yuan to stimulate domestic demand, ease the impact of current excess production capacity and push up people's income expectations.

The 1 trillion yuan war chest could help lift the profit rate of production capacity of all sectors in the mainland to about 70 to 85 percent so that enterprises can have price-setting capacity and improve profits, the bank said.

Source: The Standard

[behappyalways]

Dissatisfied with being fined after complaining, the delivery boy kicked the customer's door with a knife
不滿遭投訴被罰錢 外送員持刀踹顧客門｜TVBS新聞 ‪@TVBSNEWS02‬
https://m.youtube.com/watch?v=Ny2g59GSfEA


"White porridge" in Shanghai sells for NT$895.
Store owner: Not for sale to the general public!
French mineral water + Northeastern organic rice.
Gourmet: It's just a pot of white porridge.
Inspection and control unit calls for investigation
上海"白粥"要賣895元台幣 店家:非賣一般民眾! 法國礦泉水+東北有機米 饕客:就只是一鍋白粥 檢管單位喊要查│國際焦點20241126│三立新聞台
https://m.youtube.com/watch?v=PPmUTFZsVU4

[behappyalways]

When will the Chinese Communist Party's J-35A become a threat?
Experts estimate that it will form combat capabilities in three years

中共殲35A何時成威脅? 專家估三年後形成戰力｜十點不一樣20241129

https://m.youtube.com/watch?v=-a5QLdoZDw4

[winston]

China had fewer billionaires in 2024 due to turmoil in property, financial markets: UBS

In Hong Kong, the billionaire tally rose to 74 from 68

The number of individuals on the mainland with assets of US$1 billion or more fell to 427 from 520.

Source: SCMP

https://www.scmp.com/business/article/3 ... pe=section

[behappyalways]

Manufacturing PMI picks up!
China's economy is showing signs of prosperity, trams are booming, and second-hand houses are picking up
製造業PMI回升! 中國經濟現曙光 電車旺.二手屋回暖｜方念華｜FOCUS全球新聞 20241203 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=6-sO16DwxqA


There are frequent reports of wage arrears due to economic disparity!
China's Spring Festival "wage demand wave" has started early, and 70-year-old people also knelt down to ask for wages.
Netizens are angry and questioning the economic decline.
經濟差欠薪頻傳! 中國春節"討薪潮"提早啟動 7旬老人也下跪討薪 網友群情激憤質疑經濟下滑│記者姚懷真│國際焦點20241202│三立新聞台
https://m.youtube.com/watch?v=gLE4r_k0I9s