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

[winston]

Wall Street banks predict biggest China rate cuts in a decade

Goldman Sachs and Morgan Stanley are among those projecting cuts of 40 basis points to the People’s Bank of China’s (PBOC) main policy rate in 2025.

That would be the largest reduction in a calendar year since 2015, taking the seven-day reverse repo rate down to 1.1 per cent.

Lower rates would compress banks’ already record-low net interest margins – leaving them with less cushion for losses amid a continuing property slump.

Source: Business Times

https://www.businesstimes.com.sg/intern ... uts-decade

[behappyalways]

China's 'Lifeless' Youth: Economist's Critical Speech Goes Viral
https://m.youtube.com/watch?v=0q4bU6pGi0Y

[behappyalways]

CPI drops. Import and export stall.
Mainland China promotes loose money in hopes of overcoming economic challenges |

CPI降.進出口熄火 陸推寬鬆貨幣盼克服經濟挑戰｜方念華｜FOCUS全球新聞 20241211 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=e1M0ekmM8Cc

[behappyalways]

“Investors are now confronting the risk of what once seemed unthinkable: China’s 10-year bond yields sinking below those of Japan..potentially sliding even further from there. Yields of zero remain a long way off but talk of that possibility has surfaced”
https://x.com/shehzadhqazi/status/1867579568048984184


China 30Y bonds are trading 30bps inside Japan. Beijing is getting Japanified at a shocking pace and only massive fiscal stimulus can save it
https://x.com/zerohedge/status/1868636302465470578


"#China's GDP probably averaged around 2% the last 2-3 yrs even though the official number is "close to 5%," Gao said."
https://x.com/ChinaBeigeBook/status/1868356343658414258


A top Chinese economist just said what many people suspected: China's official GDP numbers may not be accurate
https://www.businessinsider.com/china-e ... th-2024-12


Financial conditions in China are the easiest since June of 2020
https://x.com/Mayhem4Markets/status/1868576158914330730

[behappyalways]

Mainland China's real estate market has stabilized, with plans to increase debt next year to support the GDP target of "maintaining five"
陸房市止跌回穩 明年欲增債促GDP「保五」目標｜秦綾謙｜FOCUS全球新聞 20241218 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=uDaDUQwJWyA


China's bank lending continues to decelerate, putting pressure on GDP growth
https://x.com/SoberLook/status/1868629183599157653


"Dire Situation" - Chinese Bond Yields Hit Record Low On Retail Sales "Big Disappointment"
https://www.zerohedge.com/economics/dir ... ppointment

[behappyalways]

The demand for "housekeeping services" in China has surged, with more than 30 million people employed.
China's economic prospects are poor, and highly educated talents are rushing to become "domestic workers"
中"家政服務"需求激增 從業人員逾3千萬人 中經濟前景不佳 高學歷人才搶當"家政人員"│記者 林芷綺 │國際焦點20241220│三立新聞台
https://m.youtube.com/watch?v=tWFzYDHcVHY


The United States has given priority to pushing Chinese nationalism to its peak. Chip breakthrough. Salary decline. Fight for China! Bear with it!
美國優先將中國民族主義推向高峰 晶片突破.薪資下滑 為了中國 拚了!忍了! TVBS文茜的世界財經周報 20241215
https://m.youtube.com/watch?v=USoVCZlZIwM


Consumption has been downgraded to the norm. Chinese hot pot restaurants. Hand-cranked drinks have triggered a wave of closures. The economy is so bad! Hot pot restaurants have become the hardest hit area, with "166 closures every day"
消費降級成常態 中國火鍋店.手搖飲掀倒閉潮 景氣太差! 火鍋店成重災區"每天倒閉166家"│國際焦點20241220│三立新聞台
https://m.youtube.com/watch?v=Jvw-jO6_gX8

[behappyalways]

The United States is becoming more and more closed, and China is becoming more and more open! Who took the wrong medicine?

'24.12.19【觀點│正經龍鳳配】Pt.3 美國越來越封閉，中國越來越開放！誰吃錯藥了？

https://m.youtube.com/watch?v=OWpQeY841GI&t=300s

[behappyalways]

Issuing debt to save the economy! It is rumored that China will borrow 3 trillion yuan in debt next year, the largest scale in history
發債救經濟!傳中國明年將舉債3兆 史上規模最大｜錢麗如｜FOCUS全球新聞 20241225 ‪@tvbsfocus
https://m.youtube.com/watch?v=Cwx9TR-Vmz0


China's GDP Growth Is Now Lagging The Rest Of Asia
https://www.zerohedge.com/economics/chi ... -rest-asia

[behappyalways]

Opening the door to the country! Beijing encourages foreign tourists to visit small and medium-sized cities to boost tourism sales
大開國門! 北京力推外國客訪中小城市 促觀光銷費｜秦綾謙｜FOCUS全球新聞 20241226 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=Jx1xWkV-w0I


China has revised up last year's total GDP, and electric vehicles have been shut down in the country, becoming a "tragic business"
中國上修去年GDP總量 電動車境內現倒閉潮.淪「慘業」｜秦綾謙｜FOCUS全球新聞 20241227‪@tvbsfocus
https://m.youtube.com/watch?v=clygbo5WyIM


The fierce competition in China's food delivery has given rise to the "order-grabbing plug-in" industry chain.
Instead of entering the factory, "food delivery riders" are trapped in the system.
中國外送競爭激烈 衍生"搶單外掛"產業鏈 不進工廠改跑外送 "外賣騎手"反受困系統裡│國際焦點20241225│三立新聞台
https://m.youtube.com/watch?v=3LDS0PCRXqE

[behappyalways]

Can policy reforms stabilize the economy?! Will Made in China 2025 support the global economy next year?
政策改革 經濟能回穩了?! 中國製造2025 明年撐起全球經濟?｜20241228｜‪‪‪‪@inewsplus
https://m.youtube.com/watch?v=28vseYdy0yk


Trump returns in the Year of the Snake, China’s economic challenges intensify! Macau’s gambling industry may be affected
川普蛇年回歸 中國經濟挑戰加重! 澳門賭業恐受累｜方念華｜FOCUS全球新聞20250102 ‪@tvbsfocus
https://m.youtube.com/watch?v=I6jzv9ba8uY