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

[behappyalways]

More Signs Of China's Decline
https://www.zerohedge.com/geopolitical/ ... as-decline


There is a huge shortage of workers in Guangdong's textile settlements!
The monthly salary is nearly 70,000, and there is still a job search.
The factory capacity is idle and the boss is worried.
廣東紡織聚落大缺工! 月薪近7萬仍找嘸人 工廠產能閒置急壞老闆｜TVBS新聞 ‪@TVBSNEWS02
https://m.youtube.com/watch?v=zTOPt0Tk3ns

[behappyalways]

China’s youth face growing job crisis | 101 East Documentary
https://m.youtube.com/watch?v=NYZdGcaB_cU

[behappyalways]

Trade war heats up. Beijing insists on maintaining economic growth rate of 5%, military spending increases by 7.2%, higher than GDP

貿戰升溫.北京堅持經濟「保五」 軍費增7.2%高過GDP｜方念華｜FOCUS全球新聞20250305 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=oXmQ2rrym3w

[behappyalways]

More words than deeds from China on consumption keep deflation in play
https://www.reuters.com/world/china/mor ... 025-03-06/

[winston]

Gucci, Prada close more China outlets as consumers cut luxury spending

by Yuke Xie

Store closures are also hurting mall owners and undermining projections for an end to the multi-year property market slump

Anaemic sales are likely to persist this year.

French luxury group Kering closed two Gucci stores in Shanghai last month – in Réel Department Store near the landmark Jing’an Temple and New World Daimaru on the city’s busiest shopping strip along Nanjing Road – after more than a decade at those locations.

Prada ended its two-year presence at the city’s Hongqiao international airport.

They added to eight closures in the fourth quarter last year and two in the preceding quarter by all luxury retailers involving brands like Louis Vuitton, Chanel, Tiffany & Co and Bulgari.

Source: SCMP

https://www.scmp.com/business/companies ... pe=section

[winston]

Deflation threats grow in China

China's consumer inflation in February fell at the quickest pace since January 2024, while producer price deflation persisted, as seasonal demand faded with households' cautious spending amid job and income worries.

The government will use ultra-long-term special treasury bonds of 300 billion yuan (HK$322.23 billion) to expand support for large-scale equipment upgrades and old consumer goods replacement.

Source: Reuters

https://www.thestandard.com.hk/section- ... w-in-China

[behappyalways]

The small business concerns behind China’s ‘two sessions’
https://m.youtube.com/watch?v=TXkBEHVO1qU

[behappyalways]

The economy is weak and the situation is getting worse!
Young people are begging in groups on the streets.
They are not going out to eat, but to beg for food.
The number of young beggars has reached 80 people!
The situation is getting worse and worse.
"Young people are begging in groups."
The government is helpless to persuade them.

經濟乏力下躺平升級! 中青年"揪團上街乞討" 不約吃飯"約要飯" 青年乞討群組成員達80人! 躺平升級"年輕人揪團乞討" 官方無奈出手勸│記者 黃瓊慧│國際焦點20250308│三立新聞台

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

[behappyalways]

China’s subway farmers highlight inequality
https://m.youtube.com/watch?v=X_Y7lGoCBMs

[behappyalways]

Criticizing the US, opposing independence, and seeing the economy improving, Beijing uses the two sessions to promote stability and boost confidence

批美.反獨.經濟向好 北京藉兩會宣傳穩定.拉抬信心｜方念華｜FOCUS全球新聞20250310 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=BuozP2BW3nQ