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

[behappyalways]

Man can conquer nature? Mainland China prevents land loss and builds a 3,000-kilometer green Great Wall in the Taklimakan Desert｜

人定勝天? 大陸防國土流失 塔克拉瑪干沙漠打造3千公里綠色長城｜TVBS新聞 ‪@TVBSNEWS02

https://m.youtube.com/watch?v=7fD0mCDu61Q

[winston]

China’s local government financing vehicles are a ticking debt bomb

Amid infrastructure drive, shadowy LGFVs, which let local governments circumvent borrowing limits, risk triggering a debt-fuelled bust

by David Tingxuan Zhang

Across China, idle construction sites, delayed civil servant salaries and back-tax demands on businesses all point to a lingering fiscal crisis.

Now entering its fourth year, the property market slump has crippled land sales – the primary revenue source for local governments, especially those in the hinterland regions and underdeveloped areas.

With shrinking revenues, local governments are struggling to repay mounting debt while still trying to meet economic growth targets.

Policymakers have acknowledged the severity of the problem, signaling fiscal reforms to give local governments greater revenue-raising power and to ease austerity measures.

At the same time, Beijing hopes to boost household consumption to reduce reliance on government-led investment.

Source: SCMP

https://www.scmp.com/opinion/china-opin ... 7388&tc=31

[behappyalways]

Subsidies boost! Lunar New Year movie box office hits record, mobile phone and tablet sales double

補貼助推!陸春節檔電影票房創紀錄 手機平板賣翻倍｜方念華｜FOCUS全球新聞20250205 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=jUvc7PdNk2c

[winston]

CN Trade-in Sales for Vehicles/ Home Appliances/ Handsets Top RMB31B During CNY

According to data released by China's National Development and Reform Commission, the nationwide trade-in activities for consumer goods were in full swing during this year's Spring Festival (January 28 to February 4).

The trade-in sales volume for vehicles, home appliances, and digital products like handsets reached 8.6 million units, with sales exceeding RMB31 billion.

Among them, home appliance sales revenue leaped by around 166% YoY, while handset sales revenue surged by about 182% YoY.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

Electronic trade-in subsidies fail to spark rush

by Cici Cao

China's trade-in scheme for consumer electronics has failed to get the tills ringing with buyers purchasing fewer than two subsidized items per person, despite being eligible to buy up to three.

Around 20 million consumers applied for subsidies on 25.4 million digital devices since the scheme's launch on January 20.

Broadened its national trade-in program for home appliances and cars to include personal devices such as phones, tablets and smart watches, offering 15 percent subsidies for products priced under 6,000 yuan (HK$6,395).

The subsidies are capped at 500 yuan for each purchase, while consumers can enjoy the reduction for one item per category.

Walmart reported a 17 percent increase in sales in the mainland in the third quarter 2024, amid speculation that it would pull out of China.

Source: The Standard

https://www.thestandard.com.hk/section- ... spark-rush

[behappyalways]

A symposium was held to support high-tech private enterprises.
Xi’s slogan of “serving the country and sharing prosperity” sparked concern
開座談會支持高科技民企 習喊「報國、共富」反引擔憂｜方念華｜FOCUS全球新聞20250218 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=juuwgGDG-64


The Shanghai International Trade Fair is so crowded that many people are waiting on the waiting list to find jobs, and it’s hard to find a ticket.
上海就博會擠爆 多人排候補等尋職「一票難求」｜TVBS新聞 ‪@TVBSNEWS02‬
https://m.youtube.com/watch?v=ggafz9DONCE


China saw record outflows of foreign direct investment (FDI) last year, an exodus that threatens to persist after the resumption of a trade war with the US.
https://x.com/Sino_Market/status/1891315863875416451

[behappyalways]

China has changed from a battleground for military strategists in the eyes of multinational corporations, to a place that is feared to be avoided.
The collapse of foreign capital and the exodus of domestic capital, caused China's net FDI outflow to break a record last year.

中國從跨國企業眼中的兵家必爭之地　變成避之唯恐不及的地方　外資潰逃加上內資出走　使去年中國FDI淨流出規模破紀錄｜鏡轉全球｜#鏡新聞

https://m.youtube.com/watch?v=mIQ0T-ZWkB4

[behappyalways]

With hundreds of stores, Forsman, a nationwide dental chain in mainland China, collapsed and patients could not get back hundreds of thousands they had paid in advance.

擁上百店 大陸全國連鎖牙科福斯曼倒閉 患者預繳數十萬拿不回｜TVBS新聞 ‪@TVBSNEWS02

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

[winston]

China Needs $3 Trillion Local Debt Solution, Top Economist Says

Regional authorities owe a total of 10 trillion yuan in arrears to contractors and civil servants. That’s equivalent to 7% of China’s gross domestic product last year.

A swap at a scale of 20 to 50 trillion yuan would be effective in relieving debt burdens around the country, allowing local authorities to better support consumers,

Local governments had over 47 trillion yuan in on-balance sheet debt as of the end of 2025. On top of that, they have about 60 trillion yuan in so-called hidden debt.

Source: Bloomberg

https://finance.yahoo.com/news/china-ne ... 05791.html

[behappyalways]

DeepSeek boosts commercial investment in Lu AI, boosting sales of Huida chips

DeepSeek推升陸AI商用投資 助輝達晶片熱銷｜方念華｜FOCUS全球新聞20250225 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=wi64MiyfZ_k